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By Kan Hyeong-woo ( hwkan@heraldcorp.com )
Looking ahead, all three companies are planning to expand their overseas production to mitigate these logistical costs. Hankook is expanding its plant in Tennessee, as well as its facility in Hungary, which serves the European market. Kumho is ramping up production at its plant in Vietnam, aiming t...
Hyosung Heavy Industries said Monday it has signed a contract with Denmark's leading offshore wind company, Orsted, to supply high-voltage electrical equipment, further strengthening its presence in the European transformer market. Under this agreement, Hyosung will deliver 400 kilovolts of high-v...
South Korea’s antitrust regulator has opened an investigation into “free delivery” promotions widely used by food ordering and delivery platforms here, according to industry sources on Monday. The Fair Trade Commission will look into whether delivery services have been offered actually free of ...
SK On, SK Innovation’s battery subsidiary, reported its first-ever quarterly profits in the third quarter of this year after years of operating losses since it spin off in 2021. During its earnings conference call on Monday, the battery maker reported an operating profit of 2.4 billion won ($1.8 ...
South Korean energy company SK Eternix announced Monday that it has partnered with Charmvit Group and KDB Infrastructure Asset Management to fund high-efficiency solid oxide fuel cell power plant projects. Late last month, SK Eternix signed an agreement with multiple financial investors to secure ...
South Korean bakery giant SPC Group said Monday that it has shared its overseas business know-how and advanced baking techniques with a delegation of Mongolian government and business officials during their stay in Seoul. The delegation of some 10 people visited SPC’s premium bakery cafe, Passion...
“Helium is expensive, but it’s the best option for this type of test,” Frosch said. The result of this rigorous testing? Less than 1 percent of batteries produced here have any detectable defect, according to Mercedes-Benz. Once the batteries pass their final inspections, they’re serialized an...
By Hwang Joo-young ( flylikekite@heraldcorp.com )
South Korean fashion company ShinWon announced Sunday that it has launched an R&D Design Center in New York, to strengthen its presence in global markets. Currently, ShinWon operates seven manufacturing subsidiaries in Guatemala, Nicaragua, Vietnam and Indonesia, all known for their expertise in k...
Playtag, which develops AI-based behavior analysis tools for early childhood education, also shared its plans for international growth and the role interns could play in it. With an existing customer base in Korea and early trials set to launch in the US and Southeast Asia next year, Playtag is sea...
With the US presidential election just around the corner, Korean battery companies are bracing for change as the result could have significant effects on the industry, particularly if Republican candidate Donald Trump wins. Korea’s leading battery producers -- LG Energy Solution, Samsung SDI and ...
HS Hyosung Vice Chairman Cho Hyun-sang has officially begun his role as the member and incoming chair of the APEC Business Advisory Council (ABAC) for 2025, Hyosung Group announced on Friday. Appointed the ABAC chair in August this year, Cho recently met with Foreign Minister Cho Tae-yul and Secon...
Celebrating 40 years of direct flights between Korea and Germany, Lufthansa Group is intensifying its focus on Korea with tech-driven travel solutions and sustainability efforts. Earlier this year, the group launched direct services from Seoul to Zurich with SWISS and is continuing to explore oppor...
“K-ramyeon is no longer a passing fad. It has become ingrained in the daily lives of people worldwide. The government is committed to collaborating as a unified 'one team' with companies to bolster product development, localization, customs clearance, and promotional efforts in partnership with lo...
LG wins top patent award for AR navigation tech
EcoPro HN completes battery materials plant
Mixed outlook for Chinese visa exemption
Kumyang works to win back investor trust
Renault Korea CEO awarded Industrial Service Medal
Posco discusses future strategies at tech forum