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A Daewoo Engineering & Construction-led consortium on Wednesday rejected claims that technical problems were overlooked in the approval of Gadeokdo New Airport’s ground improvement design, saying the issues had been disclosed and corrective measures incorporated. The response followed a local media report alleging that the Ministry of Land, Infrastructure and Transport rushed approval despite problems found during offshore tests of plastic board drains. The drains are inserted into soft soil to
KT&G has opened a new cigarette plant in Indonesia, lifting its annual production capacity in the country to 35 billion sticks and making it the company’s largest overseas manufacturing base. The facility in Pasuruan, East Java, completes KT&G’s production network across five countries — South Korea, Indonesia, Russia, Kazakhstan and Turkey — as the company shifts more output overseas. KT&G CEO Bang Kyung-man attended Tuesday’s opening ceremony alongside Adhy Karyono, secretary-general of the Ea
A giant cup of noodles takes a Thames cruise as Nongshim floats a 6-meter-tall Shin Ramyun cup sculpture through London on Tuesday. Traveling from Royal Docks past the London Eye and Big Ben, the installation featured oversized chopsticks, steam effects and nighttime lighting under the slogan “Work done. Day done. SHIN ME.” The campaign invited consumers to unwind with ramyeon after work and promoted “SHIN TO WIN,” a scratch-card giveaway running at UK retailers through Oct. 31. (Nongshim) By Ju
LS Electric has signed an agreement with Nanya Plastics and KHI, affiliates of Formosa Plastics Group, to establish a joint venture for power infrastructure in Taiwan. The signing ceremony, held Tuesday at LS Yongsan Tower in Seoul, was attended by LS Electric Chairman Koo Ja-kyun, Formosa Plastics Group Chairman Wang Jui-yu, Nanya Plastics Senior Executive Vice President Chen Yu-sheng and KHI CEO Park Dong-sub. LS Electric will hold a 50 percent stake in the venture, with Nanya Plastics and KHI
South Korea’s industry minister said Tuesday that a proposed Alaska liquefied natural gas project carried added strategic value for the country’s energy security, especially after the war in the Middle East, while reaffirming that any Korean participation would have to make economic sense. Industry Minister Kim Jung-kwan made the remarks during a parliamentary audit of the Ministry of Trade, Industry and Resources, responding to a question from Rep. Choi Soo-jin of the ruling People Power Party
Hyundai Motor Group is closing in on Ford’s position as the third-largest automaker in the US, with strong hybrid sales putting a potential third-place finish on an annual basis within reach. Hyundai Motor and Kia outsold Ford in July and August, building a lead of more than 15,000 vehicles over the two months. But sustaining that momentum could become harder as Washington relaxes fuel economy rules, giving US rivals more room to focus on their profitable gasoline-powered SUVs and pickups. The c
Samsung Electronics is turning more to China’s BOE for TV panels, with purchases forecast to double this year as the Korean company reshuffles its LCD suppliers. The shift comes as BOE Chairman Chen Yanshun reportedly plans to visit Korea next week to meet Samsung Electronics CEO Roh Tae-moon. Neither company has announced the meeting, but local media reports citing industry sources said TV LCD supply and pricing are expected to be on the agenda. Samsung is projected to buy 4.4 million TV LCD pa
S-1 Corp. is a small part of Samsung’s sprawling business empire. But an activist investor’s bid for Samsung affiliates’ stakes in the security company poses the question: When should a conglomerate’s companies sell their holdings in one another? Singapore-based Flashlight Capital Partners brought that question into focus in August, offering 906.6 billion won ($675 million) for the S-1 shares held by five Samsung affiliates: Samsung SDI, Samsung Life Insurance, Samsung Fire & Marine Insurance, S
Samsung Biologics’ labor union is seeking to bring Samsung Electronics into its prolonged wage dispute, demanding direct negotiations on personnel and compensation policies it says the chipmaker effectively controls. The union said Tuesday it had sent a bargaining request to Samsung Electronics, which holds a 30.92 percent stake in the biopharmaceuticals company as its second-largest shareholder. It argues that Samsung Electronics’ influence over those policies qualifies it as an employer under
Doosan Robotics said Tuesday it had secured two major Korean government R&D deals to build South Korea’s first physical AI manufacturing platform by embedding domestic semiconductors into collaborative robots. The government-backed projects will receive 68.1 billion won ($50.7 million) in subsidies through the Industry Ministry and the Industry Ministry and the Korea Planning & Evaluation Institute Industrial Technology, with Doosan providing another 30.8 billion won. For the first project, Doos
AmCham chief receives honorary doctorate from Korea Aerospace University
Korea's manufacturing jobs rise for first time in 27 months
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Samsung's top brass convene in Tokyo as Japan chip ties deepen
LG, Apple take on Amazon, Google with AI home devices
Hyundai bets $15.5b on India as global production hub
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Oct. 7, 2026
Oct. 7, 2026![[Photo News] Shin Ramyun makes a splash on the Thames](https://wimg.heraldcorp.com/news/cms/2026/10/07/news-p.v1.20261007.bb0e7758b3884d49994c112051863601_T1.jpg?type=h&h=240)
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