Most Popular
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Korea enters full election mode
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Immigrant woman stabbed to death by Korean husband
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Official campaigning kicks off for April 10 elections
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Lee Jong-sup resigns as envoy to Australia
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Yellow dust engulfs S. Korea, advisory alert issued
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S. Korea to boost support for single-parent families
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Court upholds jail term for man who attempted to murder ex-girlfriend
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Kia EV9 wins world car of year
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Korea misses out on global bond index boost
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[KH Explains] After roller-coaster year for K-pop stocks, what to expect next year?
It was a rough year for K-pop, with big firms' shares taking a roller-coaster ride despite outstanding performances, hitting an annual peak in the summer and plummeting in recent months. But the bumpy ride is set to settle down for the most part, with major risk factors being resolved and individual firms pushing through with their global business ventures for long-term qualitative growth, industry watchers say. YG Entertainment finally came out of the shadows on Wednesday, when it anno
Dec. 7, 2023
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[From the Scene] Doosan to double output of 'cobots' with advanced but cheaper sensors by 2024
Doosan Robotics, seemingly buoyed by its high-profile stock debut last month, on Tuesday invited a group of reporters to its Suwon plant in Gyeonggi Province, the production base of the nation’s largest robotics company. “At Doosan Robotics, we aim to revolutionize work by developing cobots for augmenting human efforts with great precision, safety and high cost-effectiveness to help address labor shortages across numerous sectors more accessibly," said Ryu Jung-hoon, CEO of Doos
Dec. 7, 2023
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Succession scheme taking shape at Lotte
Lotte Group's year-end reshuffle announced on Wednesday signals a focus on new growth opportunities, placing the third-generation scion at the forefront. The conglomerate, ranked as the country's sixth-largest, has initiated this year's executive reform as it grapples with declining performance in its major subsidiaries. During an annual board meeting, a panel of 38 affiliates appointed 14 new chief executive officers. Among them, Shin Yoo-yeol, the 37-year-old eldest son of Lotte
Dec. 7, 2023
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LG wins SOAFEE board membership to join Arm, Bosch
LG Electronics said Thursday it has become the ninth governing body member of the Scalable Open Architecture for Embedded Edge, also known as SOAFEE, opening up opportunities in the future mobility industry. Established in 2021, SOAFEE is a special interest group of companies working together to build a cloud-native architecture for software-defined vehicles. Last year, LG Electronics first joined the SOAFEE as a voting member, actively taking part in the technical steering committee and working
Dec. 7, 2023
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SK carries out complete reshuffle of top brass
SK Group, the country’s second-largest conglomerate, has carried out a complete reshuffle of its top leadership, with a new, younger generation of top executives taking the helm at key affiliates to tackle the ever-changing business environment. In its year-end executive reshuffle on Thursday, the chiefs of four major affiliates -- SK Supex Council Chairman Cho Dae-sik, SK Innovation Vice Chairman Kim Jun, SK Corp. Vice Chairman Jang Dong-hyun and SK hynix Inc. Vice Chairman Park Jung-ho
Dec. 7, 2023
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LG H&H sales up 294% in half year on Japan's Qoo10
South Korean beauty giant LG Household & Health Care said Thursday that its sales on Japan's Qoo10 posted record growth of nearly 300 percent after its debut on the country's leading online marketplace just six months ago. Since June, the company has actively been raising its brand awareness and expanding its customer base in Japan through its participation in Qoo10's megasized sales event, also dubbed the "megawari" event in Japanese. Based on sales for the November
Dec. 7, 2023
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[Photo News] Life’s good day in Indonesia
LG Electronics said Thursday that it has recently held the 33rd-anniversary event of its Indonesian operation, titled “Life’s Good Day,” with some 6,500 employees and their family members joining. The tech giant travels around the world to introduce its new brand identity, Life’s Good, putting renewed emphasis on customer satisfaction. (LG Electronics)
Dec. 7, 2023
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Citibank Korea hosts digital forum for corporate clients
Citibank Korea on Wednesday shared insights on the digital market and presented overseas business opportunities to the nation’s leading digital companies during the “Korea Digital Leaders Summit 2023." The summit targeted the bank’s corporate clients, who run businesses on digital platforms including e-commerce, video games, fintech and online travel agencies. Some 30 leaders and executives from digital businesses participated in this year’s event. “We hope the
Dec. 7, 2023
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GC Biopharma breaks ground for Indonesia’s first blood products plant
GC Biopharma, GC Group’s biopharmaceutical unit, announced Wednesday that the company held a groundbreaking ceremony for its first Indonesian plasma fractionation plant within an industrial complex near the country's capital of Jakarta. The event comes six months after the company received approval from the Indonesian government to join the construction project, a trilateral partnership with the Indonesian Red Cross and P.T Triman, a local drugmaker. Under the partnership, GC Biopharm
Dec. 6, 2023
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LG Display launches voluntary redundancy program in efficiency drive
LG Display, the top display maker in producing high-end organic light-emitting diode panels for TVs, has launched a voluntary redundancy program for its factory workers in its latest bid to reduce costs after months of operational losses, according to industry sources on Wednesday. Workers at its manufacturing plants in Paju, Gyeonggi Province and Gumi, North Gyeongsang Province, are eligible for voluntary retirement if they are over 40 years old. The company is offering severance pay for 36 m
Dec. 6, 2023
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AliExpress vows to invest W10b to root out fake goods in Korea
AliExpress, an online direct purchase platform owned by Chinese e-commerce giant Alibaba Group, has revealed plans to invest 10 billion won ($7.6 million) in South Korea over the next three years to extensively regulate counterfeit goods sold on the platform, according to the firm on Wednesday. The announcement comes amid ongoing consumer complaints about counterfeit goods purchased through the platform since its official debut in Korea in 2018. "We feel an increased sense of responsibility
Dec. 6, 2023
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KFCC hosts workshop for sustainable growth in Africa
The Korean Federation of Community Credit Cooperatives, the nation’s leading mutual financial institution, said Wednesday it successfully hosted a three-day workshop in Kenya, to discuss ways to foster financial inclusion and a transition to sustainable growth in Africa. The workshop titled “Cooperatives for a Sustainable Transition in Africa” kicked off in Nairobi on Monday in collaboration with the International Cooperative Alliance and the University of Leuven in Belgium.
Dec. 6, 2023
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[Photo News] Startup demo day
KB Financial Group Chief Digital Platform Officer Cho Young-suh (first from left, front row) and participants pose for a photo after the “2023 Hub Day," held at the KB Innovation Hub center in Seoul on Tuesday. Hub Day is an annual startup Demo Day hosted for the members of the KB Starters program, a startup accelerator program run by the financial giant. A total of 40 startups participated in this year’s event to share business ideas and seek partnership opportunities with KB s
Dec. 6, 2023
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[KH Explains] China ups OLED ante to take over Korean shares
China’s recent move to ramp up investment in organic light-emitting display panels is stoking fears among Korean display makers that they may face another fierce price war with their Chinese runner-ups, even over the most sophisticated display technology. Last week, China's top display panel maker, BOE Technology, announced a plan to invest 63 billion yuan ($8.84 billion) to build a production facility with 8.6-generation technology for OLED panels for laptops and tablet PCs. The amou
Dec. 5, 2023
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Tire tycoon's family feud rekindled
A sibling feud over the management of Hankook & Co., the holding company behind the world’s sixth-largest tiremaker, Hankook Tire & Technology, has been reignited, as the older of the two brothers has joined hands with a major private equity house to shore up his stake. Asia's largest private equity firm MBK Partners announced through a regulatory filing Tuesday that it has launched a public tender for Hankook & Co., offering 20,000 won ($15.23) per share under a goal to
Dec. 5, 2023
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Korean defense firms head to Egypt defense expo to expand market presence
South Korean defense firms are looking to expand their market presence in Africa and the Middle East as they showcase their latest cutting-edge weapons systems at the Egypt Defense Expo 2023 taking place at the country’s international exhibition center in Cairo this week. According to Korea Aerospace Industries and LIG Nex1 on Tuesday, the two companies participated in the EDEX for the first time this year. Korea Aerospace Industries, also known as the KAI, said it will concentrate on in
Dec. 5, 2023
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[Photo News] Winter seaweed harvests
Farmers harvest gim, or dried seaweed, using a unique technique which involves repeating a drying and wetting process in the open sea, in waters near the fishing village of Taean, South Chungcheong Province, Tuesday. Gim is one of South Korea's top export items which has seen growing popularity overseas. Korean gim accounts for almost 70 percent of the global seaweed market. (Yonhap)
Dec. 5, 2023
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Korea Herald, Indonesia's Kompas vow to deepen media ties
JAKARTA, Indonesia – The Korea Herald and Indonesia's Kompas Daily have pledged to strengthen media cooperation, solidifying their commitment during the Korea-Indonesia Cooperation Forum in Jakarta on Thursday. Established in 1965, the Jakarta-based Kompas Daily enjoys a distinguished reputation in Indonesia's media landscape. The forum itself was a collaborative effort between Herald Corp., publisher of The Korea Herald and Herald Business, and the Indonesian Chamber of Commerce
Dec. 5, 2023
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KB unveils video to mark World Soil Day
KB Financial Group on Tuesday unveiled a video titled “Safeguarding Soil, A Source Of Life,” to celebrate World Soil Day, held annually on Dec. 5 to advocate for the sustainable soil management practices. The video first underscores the importance of healthy soil as an essential resource for sustaining life on Earth. It then discusses plastic, the leading cause of soil and water pollution. According to the video, plastic waste can release harmful chemicals into the surrounding soil,
Dec. 5, 2023
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Daewoo E&C seeks to join Indonesia's capital relocation
Daewoo Engineering & Construction Chairman Jung Won-ju has recently engaged with industry leaders and officials in Indonesia to broaden the scope of the company's global construction projects, focusing on the extensive development of the Southeast Asian country's new capital that is expected to be inaugurated as early as August next year. Indonesia is actively preparing to relocate its capital from Jakarta to Nusantara, a purpose-built city in the East Kalimantan area. The planned
Dec. 5, 2023