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The Korea Herald

Deals

October 04, 2024
SK Enmove secures iodine supply from Chile’s SQM

SK Enmove, a lubricant subsidiary of SK Innovation, has secured a stable supply of iodine by partnering with SQM, the world’s largest iodine producer based in Chile, in efforts to take the lead in the next-generation automotive refrigerants market, the company said Thursday. As iodine is a crucia...
October 02, 2024
Egnis partners with Oklahoma for Xolution's resealable can business

Lifestyle brand developer Egnis announced Wednesday that it began partnership with the Oklahoma government in hopes to expand its German subsidiary Xolution's resealable can business in the US. The business agreement signing ceremony held Tuesday at The Shilla Seoul, was attended by Park Chan-ho, ...
October 02, 2024
Hanwha Qcells sells 142 MW solar power project in Washington

Hanwha Solution’s Qcells, the solar energy division under Korean conglomerate Hanwha Group, has sold a 142 megawatt solar photovoltaics project to Washington state’s largest utility company Puget Sound Energy, Hanwha Qcells said Wednesday. Hanwha Qcells highlighted that the sale of the solar pow...
October 02, 2024
[KH Explains] Hanwha Aerospace vies for Chunmoo export to Norway

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
October 02, 2024
Hyundai partners with Saudi's Misk to nurture youth talent

Hyundai Motor Group has partnered with Saudi Arabia’s Misk Foundation to develop young local talent and explore collaboration in smart city development. The two organizations signed a memorandum of understanding on Monday in the Saudi capital Riyadh, with the agreement formalized by Lee Jae-yong,...
September 24, 2024
Daewoo E&C, Czech's Sudop Praha sign MOU for nuclear plant project

South Korean builder Daewoo Engineering & Construction said Tuesday it has signed a memorandum of understanding with Czech infrastructure company Sudop Praha as part of efforts to strengthen its partnership with local firms in constructing nuclear power plants in the Czech Republic. According to D...
September 12, 2024
Posco Future M inks W1.8tr cathode supply deal

Posco Future M said Thursday it has signed a 1.8 trillion won ($1.4 billion) deal to supply high-nickel cathode materials for electric vehicle batteries with a battery maker. The details of the agreement including the other signing party will not be disclosed until Dec. 31, when the two companies ...
August 28, 2024
Woori to reenter insurance market after 11-year hiatus

Woori Financial Group has finalized a deal to acquire Tongyang Life Insurance and ABL Life Insurance, marking its reentry into the insurance sector after 11 years. The group announced Wednesday that its board of directors has resolved to incorporate Tongyang Life Insurance and ABL Life Insurance a...
August 27, 2024
Hanwha Ocean’s H1 orders soar on high-value LNG vessels

Korean shipbuilding and offshore company Hanwha Ocean said Tuesday that it has secured some $5.07 billion in orders in the first half of this year with a strategic focus on high-value vessels such as LNG carriers. Under the contracts, Hanwha will build 26 high value-added ships – 16 LNG ships, tw...
August 23, 2024
Hanwha heir makes W54.4b tender offer for Galleria shares

Kim Dong-sun, the youngest heir of Hanwha Group and vice president of Hanwha Galleria, has initiated a public tender offer to increase his control over the retail subsidiary. According to a regulatory filing released Friday, Kim has offered to purchase 34 million shares, representing 17.54 percent...
August 21, 2024
SKT, Lambda to open AI data center in Seoul

SK Telecom, South Korea's largest wireless carrier by membership, said on Wednesday that it will open an artificial intelligence data center in Seoul in December by joining hands with US-based graphics processing units-as-a-service provider Lambda. The decision comes as the two sides signed a part...
August 20, 2024
Why Korean Air, Asiana Airlines in rush to shed unused mileage points

South Korea's top two airlines, Korean Air and Asiana Airlines, are recently ramping up efforts to encourage their passengers to use up their mileage in an apparent move to ease financial burdens ahead of their planned merger later this year. Korean Air recently announced a strategic partnership w...
August 20, 2024
Qxpress to split from cash-strapped Qoo10

Singapore-based logistics company Qxpress is set to separate from its financially troubled parent, Qoo10 Group. According to the local investment industry Tuesday, private equity firms that have invested in Qxpress are reportedly gearing up to convert their holdings of exchangeable bonds and conve...
August 19, 2024
[KH Explains] Why Korean metro operators are selling station names

The naming moves have garnered significant attention spanning industries, as companies view the co-naming rights of subway stations as an effective form of outdoor advertising. CJ Olive Young's decision to purchase the rights to Seongsu Station was part of its efforts to capture the recent rise of...
August 02, 2024
LG Display picks CSOT as preferred bidder for Chinese LCD plant

LG Display said Friday it picked its Chinese rival CSOT as a preferred bidder for its liquid crystal display plant in Guangzhou, China. CSOT, a display-making subsidiary of China appliance giant TCL, is the world's second-largest LCD maker following its crosstown rival BOE. LG said it plans to co...

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EDITOR'S PICKS

Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

FAMILY SITE GO

Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099