BUSSINESS
November 21, 2024 06:10pm
LG chooses stability in leadership reshuffle amid uncertainties
LG Group chose stability in its year-end executive reshuffle on Thursday, rather than seeking drastic changes in the top brass amid growing uncertaint...
November 21, 2024 05:44pm
Paper firms fined W30b for colluding on newsprint prices
South Korea’s antitrust watchdog has fined three paper manufacturers a total of 30.5 billion won ($21.8 million) for colluding to raise newsprint pric...
November 21, 2024 03:39pm
Now is no time to add pressure on businesses: top executives
The top executives of 16 major Korean conglomerates, including Samsung, SK, Hyundai Motor and LG, on Thursday issued a rare joint statement opposing t...
November 21, 2024 03:24pm
[From the Scene] Gigantic Olive Young store lures young trend-setters in Seongsu
Stepping into Olive Young N Seongsu, just a minute’s walk from Seongsu Station’s Exit 4, visitors are immediately greeted by a vibrant and spacious in...
November 21, 2024 03:22pm
Korean Air offers special flights for mileage users
Korean Air has introduced a special flight schedule for customers wishing to redeem mileage points for trips to Jeju Island. Mileage users will have p...
November 21, 2024 03:14pm
LS, Denmark’s CIP join hands for Ulsan wind power project
LS Cable & System, a leading Korean cable manufacturer, is bolstering ties with global infrastructure investors to supply its submarine cables for flo...
November 21, 2024 02:38pm
[Herald Interview] Canada’s Genesis Fertilizers teams up with Korean builder for sustainable agriculture
In a step toward sustainable agriculture, Canadian fertilizer company Genesis Fertilizers has signed a $35 million front-end engineering design, or FE...
November 21, 2024 02:15pm
LG Uplus taps IT strategist as new CEO
LG Uplus, one of the nation's top three telecom carriers, announced Thursday that it has appointed Hong Bum-shik, head of corporate strategy at L...
November 21, 2024 11:23am
Samsung Electronics introduces 2nd-generation AI model, Gauss 2
Samsung Electronics Co. on Thursday unveiled the Samsung Gauss2, the second generation of its generative artificial intelligence model, at an annual t...
November 21, 2024 11:21am
Celltrion to buy back its shares for 5th time this year
South Korean biopharmaceutical firm Celltrion Inc. said Thursday it will spend around 100 billion won ($71.5 million) to buy back its shares for the f...
November 21, 2024 11:04am
Lotte Group says total assets stand at W139t, shrugging off liquidity concerns
Lotte Group, one of South Korea's largest conglomerates, on Thursday refuted concerns of a liquidity crisis, stating its total assets, including ...
November 21, 2024 10:07am
EU says T'way Air's commitments in Korean Air-Asiana merger fulfilled; final approval yet pending
South Korea's exports increased 5.8 percent on-year in the first 20 days of this month, driven primarily by strong global demand for semiconducto...
November 20, 2024 04:07pm
[Herald Interview] How Gopizza got big in India
South Korean pizza chain Gopizza is strengthening its foothold in the Indian market by blending food technology with the distinct flavors of Korean cu...
November 20, 2024 02:52pm
Hanwha, HD Hyundai chiefs welcome second Trump era
As Korean industries brace for a second nonconsecutive term of US President-elect Donald Trump, leaders of Korean defense and shipbuilding companies &...