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The Korea Herald

Companies

September 13, 2024
SK Bioscience celebrates topping-out of global research center in Songdo

South Korean biotech firm SK Bioscience said Friday it hosted a topping-out ceremony at the construction site of its Global Research and Process Development Center in Songdo, Incheon, Monday. In 2021, SK Bioscience signed a land contract with the Incheon Free Economic Zone authority to acquire par...
September 12, 2024
OB acquires Jeju Soju, eyes bigger presence abroad

Korea’s largest beer maker Oriental Brewery is seeking to expand its presence in the global soju market amid the rising popularity of the nation’s traditional rice liquor around the world. According to the company, OB, owned by Belgian brewing giant Anheuser-Busch InBev, has decided to acquire J...
September 12, 2024
Pulmuone launches frozen gimbap in China

South Korean food giant Pulmuone said Thursday that it has become the first Korean food company to introduce frozen gimbap into the Chinese market by selling its products at a leading retailer there. Pulmuone’s Tuna Kimbap, sold in packs of three rolls, is now available at Sam's Club, which opera...
September 12, 2024
HD Hyundai, Hanwha push zero-emissions agenda at Gastech 2024

Hanwha Group, including its key divisions Hanwha Ocean, Hanwha Engine and Hanwha Power Systems, will also present their innovations at Gastech 2024. Hanwha Ocean will reveal a model of the world’s first ammonia gas turbine-powered LNG carrier, set for completion by 2028. Unlike traditional engines...
September 12, 2024
Bentley Flying Spur hybrid makes global premiere in Korea

Inside, the new Flying Spur features technologies to make every drive comfortable and convenient. The seats, for instance, come with a "wellness seating" specification, which automatically adjusts the temperature and posture to keep drivers comfortable, especially on long trips. Bentley is initial...
September 11, 2024
Nexon to split off Mintrocket, developer of 'Dave the Diver'

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
September 11, 2024
US ups pressure on Korea to join China chip curbs

Over the possibility of the US imposing new export restrictions on HBM sales, Korean Trade Minister Cheong In-kyo said the government is expected to talk with the US over the matter. "When two of the three companies (making HBM) are Korean, (export curbs) can have a big impact on us,” the trade m...
September 11, 2024
Battery-makers brace for further drop in lithium prices

Collapsing lithium prices are expected to put more pressure on Korean battery companies that are already reeling from an electric vehicle chasm, industry insiders said Wednesday. According to a recent Goldman Sachs report, the global lithium price is projected to fall by 18 percent from the monthl...
September 11, 2024
Hanwha to add 600 jobs in hiring spree for global push

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
September 11, 2024
Starbucks Reserve celebrates 10th anniversary in Korea

Starbucks Korea said Wednesday it has renovated an old house built in the 1960s to open a new Starbucks Reserve Roastery in Jangchung-dong, Jung-gu, central Seoul, Thursday. Starbucks Korea has set up a few special stores where customers can have novel experiences in distinct settings. The new roa...
September 11, 2024
Tmon, WeMakePrice enter rehabilitation amid payment crisis

Cash-strapped e-commerce platforms Tmon and WeMakePrice have managed to avoid bankruptcy by commencing the corporate rehabilitation process, which will enable the two companies to restructure their debts to over 100,000 creditors under the oversight of court-appointed custodians. The Seoul Rehabil...
September 10, 2024
EcoPro founder returns to work, tasked with surviving EV chasm

EcoPro’s former Chairman Lee Dong-chae has returned to management after a yearlong hiatus, at a critical time when the battery materials maker and the entire EV industry are reeling from slowing demand. According to the company on Tuesday, Lee was recently named an executive adviser on the board ...
September 10, 2024
Hyundai-Kia EV powertrains named in best engines of 2024

The Kia EV9, a large electric sport utility vehicle, was recognized for its balance of range and versatility. It is equipped with a 99.8-kWh battery and can achieve up to 501 kilometers of driving range on a single charge. It also features a 400 to 800-volt multi-speed charging system that allows f...
September 10, 2024
HMM to bolster global alliance, invest W23tr by 2030

South Korea’s leading container shipper HMM said Tuesday it has created a five-year cooperative body, dubbed Premier Alliance, together with two global partners Japan’s ONE and Taiwan’s Yang Ming, to further expand its vessel route network. Separate from the new alliance, the firm has also sign...
September 10, 2024
Taihan completes Kuwait’s first fiber optic cable plant

South Korean electric wire maker Taihan Cable & Solution announced Tuesday that it has completed Kuwait’s first fiber optic cable factory, as the company aims to localize production and tap into the Middle East’s growing demand for 5G network infrastructure. The factory, a joint venture with Kuw...

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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

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