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Hanwha Ocean, the world's third-largest shipbuilder by order backlog, said it has received an order worth 2.4 trillion won ($1.8 billion) to build eight liquefied natural gas (LNG) ships. Hanwha Ocean will build eight LNG carriers at its shipyard on Geoje Island, 330 kilometers south of Seoul, for...
L&F, a South Korean cathode material company, said Monday it has signed a 13.19 trillion-won ($9.85 billion) deal to supply high-nickel cathodes to SK On, the battery unit of chip-to-construction conglomerate SK Group. L&F will supply 300,000 tons of high-nickel cathode materials for SK On's car b...
South Korean rechargeable battery materials company EcoPro said Monday it has invested $11 million in a stake of a nickel smelting factory in Indonesia to secure the key battery material. In the latest investment, EcoPro acquired a 9 percent stake in Green Eco Nickel operated by China's battery ma...
Korean Air Chair and CEO Walter Cho secured his position as a board member of the national flag carrier and pledged to steer the company toward successful integration with Asiana Airlines this year, marking a leap toward establishing a megacarrier. Cho received an 85 percent endorsement from parti...
The futuristic-themed branch could serve as a model for the Korean company's ambitions for the Italian market when it launches stores there, according to SPC Group. "Paris Baguette, a global brand operating over 7,000 stores across 11 countries, is poised to resonate with Italian tastes. We are de...
Hyundai Motor Group revealed on Sunday its plans to double the number of its ultra-fast chargers for electric vehicles in South Korea to 500 by 2025. As of March, the group operates 286 E-pit EV chargers in 54 locations in Korea. This initiative kicked off in April 2021, with a modest yet strategi...
Kumho Tire’s model ECSTA HS52 tire has garnered recognition from tire performance tests conducted by German automotive magazines ADAC and Auto Bild, the company said Wednesday. In this year's comprehensive tire performance evaluations, the ECSTA HS52 model achieved third place with a "Good" ratin...
SK Group Chairman Chey Tae-won was elected to head the Korea Chamber of Commerce and Industry, the nation's largest business lobby, for a second term, vowing to make more policy proposals to bring about disruptive innovation across industries. Chey was sworn in as the 25th chair of the KCCI after ...
The first thing that stood out once The Korea Herald got behind the wheel was how quiet and smooth the driving felt at a low speed as it only used the power from its battery systems. The Staria hybrid's 1.6-liter turbo engine boasts up to 245 horsepower. The minivan’s acceleration and braking was...
Hyundai Motor Group said Friday that it had joined hands with the Korean government’s preparatory committee to provide official transportation at the first Korea-Africa summit in June. Under the partnership, the automaker’s luxury brand Genesis will offer a total of 119 vehicles -- 77 units of t...
The National Pension Fund (NPF) has decided to vote in favor of a nomination for chief executive of South Korea's dominant cigarette maker, KT&G, at an upcoming shareholder meeting, according to the fund Friday. Appointing a new chief executive, which would mark KT&G's first leadership change in n...
Hyundai Motor Group said Friday it will provide the luxury Genesis brand's G90 and G80 sedans during the South Korea-Africa Summit due in Seoul in June. The South Korean carmaker will sponsor the first Korea-Africa summit scheduled on June 4-5 by offering 77 G90 flagship sedans and 42 G80s as offi...
Chang added that the group will continue to take initiatives in green transformation and hydrogen business. Born in 1955, Chang studied shipbuilding engineering at Seoul National University and received a doctorate from the Massachusetts Institute of Technology. In 1988, Chang joined Posco Group ...
Chinese e-commerce giant AliExpress has chosen to solicit open competitive bids in Korea instead of extending its delivery contract with CJ Logistics, set to expire in April. According to industry sources Thursday, AliExpress recently submitted bid proposals to major logistics firms here to handle...
HD Hyundai commemorated the 23rd anniversary of the passing of its founder, Chung Ju-yung, with a dedicated memorial event held Thursday that paid homage to his enduring legacy. The tribute took place at the HD Hyundai Global Research and Development Center in Seongnam, Gyeonggi Province, and was ...
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Woori Financial jumps in race to take over Lotte Insurance
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KT&G CEO highlights Indonesia as new global production hub
KT launches new mobile plans for foreign residents