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Korean energy and environmental solutions provider SK Ecoplant formed a power purchase agreement with its sister firm SK hynix to facilitate the provision of renewable energy, thereby aiming to become the leading RE100 solutions provider, the firm announced Wednesday. The signing ceremony was atte...
Mirae Asset Global Investments announced Wednesday that it has named Ryan O'Connor, the former global head of ETF products at Goldman Sachs, as the new CEO of its US-based exchange-traded fund subsidiary, Global X. The latest appointment comes after a thorough selection process within Global X's r...
Hyundai Motor Group’s automakers -- Hyundai Motor and Kia -- have joined forces with the Korea Advanced Institute of Science and Technology to establish a joint laboratory to develop the next generation of sensors for light detection and ranging, of lidar. According to their announcement Wednesda...
Toss Bank, the internet-only banking arm of fintech firm Viva Republica, said Wednesday it has appointed Rhee Eun-mi, former chief financial officer of DGB Daegu Bank, as its new CEO. The bank’s CEO recommendation committee picked Rhee as the sole candidate for the next top leadership position in...
SK Telecom said Tuesday that it has jointly released a technical white paper with Japan's No. 1 mobile operator, NTT Docomo, for the adoption of the virtualized Radio Access Network. The joint white paper, titled “Key Considerations for vRAN,” marks two years of cooperation on the metaverse, mob...
Starbucks Korea on Tuesday said more than 400 employees have successfully attained their bachelor's degrees through a tuition assistance program in collaboration with Hanyang Cyber University. In the fall of 2016, Starbucks Korea signed a partnership with Hanyang Cyber University, under which the ...
South Korean internet giant Naver is pushing to have its online comics operator Webtoon Entertainment go public on the US Nasdaq as early as June, according to a recent Bloomberg report. Webtoon Entertainment is the head office for the online comics business Naver Webtoon, and has been based in Lo...
Even those unfamiliar with the world's largest electric vehicle maker BYD Auto may have noticed their commercial electric buses that have been navigating city streets in Korea since 2017. Now the Chinese automaker, known for its exceptional affordability, is reportedly entering the broader consume...
On the same day, Samsung’s Compliance Committee kicked off its third term, holding its first regular meeting. Lee Chan-hee has been reappointed to lead the committee for the second consecutive term, along with other members. Han Sung-hwan, the president of Samsung Life Public Welfare Foundation, ...
Hyundai Motor Group and its US-based advanced air mobility subsidiary Supernal are ramping up efforts to attract top urban air mobility talents as they aim to debut flying taxis in South Korea and the US in 2028. According to Hyundai Motor Group’s online recruitment notice on Monday, the company ...
A labor union comprising workers of four Samsung Group affiliates was officially launched Monday, as employees seek ways to break away from the unreasonable relationship between workers and management. Samsung Group United Union, representing Samsung Electronics' Device Experience division, Samsun...
Hyundai Motor Company has acquired a hydrogen fuel cell business from the group's affiliate and auto parts supplier Hyundai Mobis at 217 billion won ($163 million) to consolidate the group's hydrogen energy efforts. The agreement, finalized on Friday, includes a complete transfer of assets, person...
SK Networks unveiled its vision to transform into an artificial intelligence-centered business investment firm on Friday and mapped out a plan to triple its operating income to 700 billion won ($524 million) by the end of 2026. “Based on the innovative foundation of our business model, we will co...
Bithumb Korea, the operator of the country’s No. 2 cryptocurrency exchange Bithumb, has failed to seal a deal with major local lender KB Kookmin Bank for issuance of real-name accounts, jeopardizing its plan to attract more traders. KB Kookmin Bank informed Bithumb last week that it will not part...
By Park Se-ra ( serap1005@heraldcorp.com )
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