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The rise of shareholder activist campaigns will provide outside perspectives for Korean companies and increase their values both socially and financially in a long term, said Alex Edmans, a finance professor at the London Business School. “Evidence shows that when you have shareholders engaging, ...
Upon Yoon's state visit, 23 memorandums of understanding signed to boost mutual ties South Korea and the United Arab Emirates are to further strengthen ties for joint growth, agreeing to $6.1 billion worth of cooperation on energy, defense and new industry businesses, according to Seoul officials ...
Arup Ghosh, Standard Chartered Bank’s co-head of Asia (excluding China) rates research and global research, sees that the Bank of Korea now has room to pause its rate hike and focus more on reviving the Korean economy. “Now, the domestic economy -- particularly the housing market, private consum...
Apple is seeking ways to make the cycle tracking application featured in its latest Apple Watch series available for users in Korea. The US tech giant recently reached out to South Korean authorities to ask for a regulatory sandbox approval, according to industry sources Tuesday. Apple Korea inqui...
South Korea’s top shipbuilder Korea Shipbuilding & Offshore Engineering said Tuesday it has landed its first contract of the year worth 971 billion won ($784 million). The company said it sealed the deal with a shipping company in Oceania to build three large liquefied natural gas carriers, each ...
Samsung Electronics unveiled Tuesday its latest 200-megapixel image sensor, the Isocell HP2, with significantly improved resolution and upgraded picture quality for premium smartphones. The new image sensor packs 200 million 0.6-micrometer pixels in a 1/1.3-inch optical format, a sensor size that ...
South Korea topped Bentley’s Asia-Pacific market in 2022 as Korean customers purchased almost 40 percent of all Bentley vehicles sold in the region last year, Bentley Motors Korea said Tuesday. Citing the data from the Korea Automobile Importers and Distributors Association, the high-end automake...
Fashion and cosmetics retailer Shinsegae International said Tuesday it appointed a luxury fashion expert William Kim as its new CEO, in a bid to strengthen the company's luxury fashion business and sharpen the company's digital edge. Kim's previous career includes having served as a chief financia...
South Korea’s largest energy company SK Innovation said Tuesday it has delivered a total of 3.6 billion won ($2.9 million) to seek shared growth with smaller partner companies, as part of a corporatewide campaign now in its sixth year. Of the fund, 3.2 billion won came from the 1 Percent Happines...
Samsung Biologics, the country's largest contract manufacturing company, will run its production lines at full throttle during the upcoming Lunar New Year's holiday to ensure timely delivery of pouring orders, industry sources said Tuesday. An official from Samsung Biologics also noted the company...
South Korea’s Ministry of SMEs and Startups said Monday it has forged a partnership with the United Arab Emirates to boost cooperation in nurturing startups. The ministry signed a memorandum of understanding with the UAE’s Ministry of Economy to step up as a major partner country for Dubai’s En...
Hyundai Motor Group said Monday it would operate 58 vehicles during the World Economic Forum in the Swiss city of Davos this week to promote South Korea’s bid to host the 2030 World Expo in Busan. As a means to echo Busan’s sustainability vision for the World Expo, the carmaker offered 45 EV mod...
LG Energy Solution, South Korea’s largest electric vehicle battery maker, and Hanwha Group, a defense and energy giant, are teaming up to seek business synergy in the burgeoning battery market, they said in a statement on Monday. According to the statement, LG Energy Solution and three Hanwha com...
Korea Herald correspondent SAN FRANCISCO -- ABL Bio will release the results of early stage clinical trials regarding the company's oncology treatment candidates in this year, with hopes in license-out opportunities. “ABL Bio expects to introduce favorable clinical data regarding the company’s ...
South Korea's high-tech industries such as nuclear power plant operators, mobility, aerospace, materials and parts and biotechnologies are expected to benefit heavily from United Arab Emirates' 30 billion dollars’ worth of investment, according to industry insiders Monday. According to the Minist...
LG Energy Solution logs record earnings on increased shipments
KT&G refuses ginseng unit spin-off, aims to double sales by 2027
LG Electronics Q4 operating profit tumbles 91%
Kia records highest yearly figures on sales growth
KT, Mongolia team up on rare earths supply
[Newsmaker] [KH Explains] Are ex-bureaucrat execs a boon or bane for banks?
SMEs Ministry readies plans to bolster support for exports
Samsung’s crisis management system wins ISO certification