▶주메뉴 바로가기
▶본문 바로가기
One of South Korean food giant CJ CheilJedang's new year's resolutions appears to be to make an active foray into the global market. The food conglomerate recently said it is slated to accelerate its expansion of "K-Food Global Territory" by making inroads into previously unexplored markets. "We ...
US chipmaker Broadcom has voluntarily come up with corrective measures, including a fund of 20 billion won ($16.1 million), to support the local chip industry amid an ongoing antitrust probe into the company's alleged abuse of power against Korean clients, including Samsung Electronics. On Monday,...
With the Bank of Korea set to hold the first rate-setting meeting of the year Friday, the market is expecting it to raise the base interest rate 25 basis points to 3.5 percent. In the latest Monetary Policy Committee meeting held in November, the Bank of Korea raised its benchmark interest rate by...
KB Financial Group Chairman Yoon Jong-kyoo on Friday asked employees to prepare to endure the coming winter of the financial market with the group’s core competitiveness during a business strategy meeting for the first half of 2023. More than 270 executives from the holding company and its 12 sub...
The notion that South Korea’s banking sector guarantees “lifetime” job security is becoming a thing of the past. All four top commercial banks -- Shinhan Bank, KB Kookmin Bank, Woori Bank and Hana Bank -- are in process of conducting voluntary retirement schemes, with aims to shed some 3,000 wo...
LAS VEGAS – Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said the South Korean tech giant was bracing for a rough year ahead, renewing his commitment to seeking new growth drivers in futuristic technologies such as robots and the metaverse. “Overlapping crises, including the prolong...
Hana Financial Group said Sunday that Chairman Ham Young-joo took time to look around different booths at the Consumer Electronics Show 2023 in Las Vegas on Thursday. Along with more than 20 young managers from the group’s affiliates, Ham tried out different products at booths of local conglomera...
LAS VEGAS -- Korea Shipbuilding and Offshore Engineering on Friday signed a partnership with the American Bureau of Shipping to accelerate the development of unmanned large ships. “The cooperation with the ABS will be a great help for HD Hyundai to lead the development and commercialization of au...
Sales of red ginseng health supplement brand CheongKwanJang held the largest market share in the global ginseng market for 10 years in a row, Korea Ginseng Corp. said Sunday. According a report published by market research firm Euromonitor International, the global ginseng retail market was valued...
By Kan Hyeong-woo Korea Herald correspondent By Kan Hyeong-woo ( hwkan@heraldcorp.com )
LAS VEGAS -- LG Electronics CEO Cho Joo-wan pinned high hopes on the South Korean tech giant’s burgeoning automotive solutions business, pledging to diversify its business portfolio to tackle challenges this year. “Our automotive solutions business has made a turnaround 10 years since the launch...
“It was really good. The back, the neck and the shoulders were the best part. It is a major improvement from everything else I’ve tried,” said a CEO of a government consulting company based in Washington, D.C. wanting to remain anonymous. “One of my best friends owns a company of like 300 peop...
Korean companies have achieved a higher level of customer satisfaction despite the lingering impact of the COVID-19 pandemic that placed a prolonged drag on economic activity and daily lives in 2022, according to an annual survey by the Korea Productivity Center. The KPC’s National Customer Satis...
South Korean customers were more satisfied with their goods and services in 2022, compared to those in the US, Japan and Singapore, according to the National Consumer Satisfaction Index published annually by the Korea Productivity Center. The index is not only a measure of consumer satisfaction, b...
By Jo He-rim Korea Herald Correspondent LAS VEGAS -- Samsung Electronics Vice Chairman Han Jong-hee shared a detailed vision to create "calmer" connected world to heighten connectivity among devices, and reiterated the company's pursuit of net-zero emissions at the world's largest home appliance ...
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