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The Korea Herald

MOBILE

Samsung makes biggest acquisition in 8 years with $1.7b FlaktGroup deal

Samsung makes biggest acquisition in 8 years with $1.7b FlaktGroup deal

Samsung Electronics announced Wednesday that it has signed an agreement to acquire FlaktGroup, a German heating and cooling solutions provider, for 1.5 billion euros ($1.7 billion), marking its larges

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Companies

Nongshim's Shin Ramyun Toomba sells out in Japan

South Korean instant noodle-maker Nongshim announced Wednesday that its newly launched Shin Ramyun Toomba sold out its initial shipment of 1 million servings within two weeks in Japan. Launched in Apr
Tech

SK Group sets up cyber task force to bolster digital defenses

SK Group said Wednesday it has launched a special committee for cybersecurity innovation, led by Chey Chang-won, chair of the group's top decision-making body, the Supex Council. The move comes as a f
Companies

Czech-Korean nuclear deal under EU scrutiny

A landmark $18 billion nuclear power plant deal between South Korea and the Czech Republic has come under renewed pressure after the European Union raised objections to the project, according to indus
Companies

Saudi Aramco reaffirms commitment to Korea’s Shaheen project

Saudi Aramco, the world’s largest oil company, has pledged continued support for the successful completion of the 9.26 trillion won ($6.5 billion) Shaheen project in Korea, S-Oil said Tuesday. Accordi
Companies

Samyang Foods' stock tops W1m on Buldak boom

Shares of Samyang Foods surged past 1 million won ($715) on Monday, hitting an all-time high on the back of strong global demand for its fiery Buldak noodles. The stock opened at 1,001,000 won per sha
Companies

Hyundai Mobis bets on robotics as Atlas mass production looms

Hyundai Mobis, the automotive parts manufacturing arm of Hyundai Motor Group, is poised to develop robotics joints for Atlas, the flagship humanoid robot produced by Boston Dynamics, the automaker’s r
Markets

Fitch ups Hanwha Life to A+ with stable outlook

Fitch Ratings upgraded Hanwha Life Insurance's rating to A+ from A, with a stable outlook, citing the South Korean insurer’s strong financial footing and solid profitability, “The upgrade reflects Han
Markets

Ministry, shipbuilders team up to develop world's first large-scale hydrogen carrier

The Korean government, shipbuilding industry and academic institutions have joined forces to develop a liquefied hydrogen carrier and secure an advantage in the future of shipbuilding technology, the
Tech

HD Hyundai to develop AI humanoid for shipyard welding

HD Hyundai announced Thursday that its subsidiaries have partnered with robotics companies to develop an artificial intelligence-powered humanoid robot for welding, aiming to improve both efficiency a
Markets

KITA warns US tariffs may undermine Korean investment, drug supply

The Korea International Trade Association announced Thursday that it had submitted an official opinion letter to the US Department of Commerce, outlining the Korean trade industry’s position in respon
Markets

[Hello Thailand] Thailand turns to Korea for key projects, eyeing mutual growth

As Thailand advances a sweeping plan to transform Asia’s logistics landscape, it is inviting South Korean firms to participate in its 1 trillion baht ($30 billion) infrastructure initiative: the Land
Markets

[Hello Thailand] From EVs to smart cities: Thailand seeks to unlock growth potential with Korea

South Korea and Thailand could seek synergy in diverse sectors, from electronic vehicle manufacturing to smart city development to waste management, according to senior executives of the Southeast Asi
Companies

From booking beds to building AI: Yanolja Cloud CEO reimagines travel

From helping local travelers book a night’s stay in Korea to developing AI solutions for the travel industry, Yanolja Cloud has emerged as a bold case study in global travel tech transformation. What
Companies

Olive Young, Kolmar Korea roll out K-beauty startup accelerator

CJ Olive Young announced on Tuesday that it will launch a joint accelerator program with Kolmar Korea to discover and nurture promising startups poised to lead the K-beauty industry. The two companies
Companies

TheBorn Korea unveils W5b relief package to calm franchisees' discontent

South Korean food franchise firm TheBorn Korea has introduced a 5 billion won ($3.5 million) relief initiative to support its franchises nationwide, which have been hit hard by a slew of controversies
Companies

Hyundai, Kia see minimal impact from Trump’s ease of auto parts tariff

Although US President Donald Trump recently walked back parts of his automotive tariff policies, Hyundai Motor Company and Kia are anticipated to experience only insignificant benefits, sources said F

Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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