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CJ Foodville, the operator of the South Korean bakery chain Tous Les Jours, said Monday it plans to establish a training center in the US aimed at enhancing the service and operational expertise of its local franchisees there. This initiative comes as CJ Foodville has recently experienced an incre...
By Kan Hyeong-woo ( hwkan@heraldcorp.com ) The Korea Herald
Mercedes-Benz’s Corporate Social Responsibility Committee said Monday that the Give ‘N Race charity event, held in Busan on Sunday, raised an unprecedented 1.017 billion won ($751,500), with the engagement of 20,000 participants. Initiated in 2017 as part of its commitment to social responsibili...
Unionized workers of Samsung Electronics have voted in favor of a strike after failing to reach a deal on wage hikes with management, industry sources said Monday. Out of the 27,458 members across five different labor unions within the tech giant, 20,853 participated in the vote held from March 18...
Hyundai Motor Group said Monday it formed a strategic partnership with Exide Energy Solutions Ltd. of India to cooperate in battery cell production for the auto group's electric vehicle (EV) models for the Indian market. Under the memorandum of understanding for the partnership, the two sides will...
Uncertain outlook Industry watchers say that the Boston Dynamics acquisition is a must-succeed mission for Hyundai Motor Group, not only because Chung’s own money has been invested in it but also because it was the first major takeover since he took the top leadership position of the auto conglom...
Korean shipyard conglomerate HD Korea Shipbuilding & Offshore Engineering said Sunday it has launched a new research and development facility dedicated to comprehensive testing of decarbonizing maritime technologies. The Marine Innovative Decarbonization R&D facility, located at the HD Hyundai Hea...
P&G Korea has brought out two new air fresheners designed for small spaces such as bathroom and wardrobes. Febreze Small Spaces air freshener is available in two types -- one is tailored for bathrooms and another for shoe cabinets and closets. The bathroom type is engineered to eliminate odors fro...
The Porsche executive highlighted that the new Panamera can deliver luxury experiences for customers because it can meet all kinds of needs, mentioning that it is a perfect fit for someone who needs a car for driving on a narrow mountain road at a fast speed one day and taking family members to a w...
Hur Young-in, the chairman of South Korean bakery giant SPC Group, was arrested on Friday for allegedly forcing workers to quit their labor union. The Seoul Central District Court on Friday issued an arrest warrant for the 74-year-old chairman on suspicion of violating the Trade Union Act, citing ...
Samsung Fire & Marine Insurance, the nation's leading non-life insurer, has ceased selling insurance products through bank channels, commonly known as "bancassurance." As of January, Samsung Fire & Marine Insurance has halted all new sales through banks, following a consistent decline in sales thr...
Kia on Friday unveiled a plan to invest 38 trillion won ($28.1 billion) through 2028 in an investor relations event held at Conrad Seoul, vowing to lead the global auto industry’s automation. According to the Korean automaker, 65 percent of the large-scale investment will be injected into automat...
Hanwha Aerospace, the defense arm of South Korea’s seventh-largest conglomerate Hanwha Group, said Friday it will segregate its non-military businesses into a newly established corporation, aiming to focus on its defense business operations. According to Hanwha Aerospace’s announcement Friday, H...
Kia, South Korea's second-biggest carmaker, said Friday it will invest 38 trillion won ($28 billion) in future mobility solutions by 2028, while strengthening its gasoline hybrid vehicle lineup amid slowing sales of electric vehicles. The planned investment over the next five years is revised up f...
LG Electronics said Friday its operating profit for the first quarter of this year fell more than 10 percent from a year earlier due to rising costs and intensifying competition. Its first-quarter operating profit came to 1.33 trillion won ($984.9 million), down 11 percent from 1.5 trillion won a ...
Korea’s top finance firms put aside W1.7tr for Hong Kong-tied ELS compensation
Samsung mobile chief, Google device head meet in Seoul
Posco Future M, Honda to launch battery materials venture in Canada
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
Experts raise concerns about Japan putting pressure on Naver over Line
SK hynix profits soar on AI chip boom