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New York-listed e-commerce giant Coupang on Wednesday reported its first-ever annual operating profit of $473 million last year, marking a milestone since its inception in 2010. It also reported $24.4 billion in sales, a notable 20 percent jump from 2022. In the fourth quarter alone, its quarterl...
SK Telecom said Wednesday it had teamed up with Iceotope Technologies, a precision liquid cooling firm in Britain, and its sister firm SK Enmove to develop a liquid cooling solution with high energy efficiency for artificial intelligence data centers. The leading mobile carrier in Korea said it ha...
“We appreciate the more challenging requirements that the IIHS required in 2024 to earn the TSP and TSP+ awards,” said Latouf. “The changes made to our vehicles to win these tougher awards offer the highest level of protection for our customers and other vulnerable road users. Safety is a top p...
Hyundai Motor Group and the School of Oriental and African Studies (SOAS) at the University of London, UK, have jointly inaugurated the “Centre for Sustainable Structural Transformation.” The opening ceremony took place at the Khalili Lecture Theater, University of London, on Feb. 23 with follow...
Hyundai Motor Group’s trailblazing electric vehicles have earned rave reviews and charted a path to success under the leadership of Chair Chung Euisun. CNBC, the premier economic news broadcaster in the United States, aired a special feature on Sunday focusing on the factors propelling the Korean...
South Korea's brokerage Mirae Asset Securities announced Tuesday that its Indian unit hit a significant milestone, with its retail customer accounts surpassing one million in five years after its launch in 2018. India, the world's fifth-largest economy, holds strategic importance for Mirae Asset F...
NH Securities Vietnam, the Vietnamese unit of NH Investment & Securities, said Tuesday it has launched a mobile trading service called NHSV Pro. The launch of the mobile trading service reflects the Korean brokerage firm's strategy to expand sales and enhance financial IT systems by bolstering the...
Hahn & Co., the nation's largest private equity firm in terms of assets under management, is to set up a joint venture with Kolon Industries, a chemical and textile manufacturing unit under Kolon Group, to bolster its industrial film business. The two entities have signed a binding memorandum of u...
With such a background, Shin joined Kyobo Life in 1996 and assumed the CEO post in 2000, navigating the firm through domestic and global financial crises and achieving substantial growth through sound and ethical leadership, ultimately establishing the company as one of the country's leading life i...
SK Group Chair Chey Tae-won stressed his determination to make the energy-to-semiconductor conglomerate a group that would secure more customers and provide better services in the era of artificial intelligence. After touring the showroom of the group’s telecom unit, SK Telecom, on Monday, the op...
Italian luxury auto brand Maserati will set up a Korean office on July 1 to strengthen its presence in the local market. Forza Motors Korea, the country’s official importer of Ferrari and Maserati, announced Monday that Maserati’s Korean business will be transferred to the Italian brand’s Korea...
Prosecutors on Tuesday requested an arrest warrant for SPC Group CEO Hwang Jae-bok over allegations of pressuring employees to cancel their labor union membership. The Seoul Central District Prosecutors' Office said that it has sought an arrest warrant for Hwang, who has allegedly violated Korean ...
Kolmar Korea Co. announced on Tuesday that it experienced a net loss of 43.3 billion won ($32.5 million) in the fourth quarter, remaining in a negative financial position compared to the same period last year. The company's operating income for the October-December quarter reached 37.8 billion won...
Posco International's new president, Lee Kye-in, has initiated the global expansion of the traction motor core business by establishing operations in Poland and Mexico as his inaugural strategic move. At a board meeting on Friday, the trading arm of the Posco Group authorized the establishment of ...
South Korean game developer Krafton logged surprise earnings in the fourth quarter of last year thanks to the revival of PUBG: Battlegrounds, a battle royale shooter game. In particular, Kratfon highlighted the rise of Battlegrounds Mobile India, or BGMI, as one of the key factors that drove the r...
Hanwha Life secures 40% stake in Indonesian lender
Samsung SDI boasts e-bike leadership at China Cycle
[Herald Interview] Hanatour CEO talks reshaping travel landscape
Samsung mocks Apple over iPhone alarm glitch
Chip up cycle won’t stay long: SK chief
Woori to re-enter brokerage business with acquisition of Korea Foss Securities