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The Korea Herald

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Aug. 27, 2026
GM Korea boosts repair capacity at 380 service centers

GM Korea said Thursday it is strengthening its maintenance and customer service capabilities through a nationwide network of more than 380 service centers, including around 130 equipped for advanced electric vehicle repairs. As of August, the network comprised about 90 comprehensive service centers and 290 specialized locations. GM Korea supports the facilities through three company-operated service technology centers and one high-tech center. These provide training on new vehicles and repair te
Aug. 27, 2026
Musinsa takes Japan momentum into China, Southeast Asia

Musinsa is accelerating its expansion into China and Southeast Asia, building on rapid growth in Japan. Transaction volume through Musinsa’s Global Store in Japan surpassed last year’s full-year total within the first seven months of this year. The platform recorded average annual growth of 136 percent, while new membership registrations more than doubled from a year earlier. Musinsa established its Japanese subsidiary in 2021 and has since strengthened its presence through customer data analysi
Aug. 27, 2026
Daewoo E&C eyes Vietnamese energy projects

Daewoo Engineering & Construction Chairman Jung Won-joo has met Vietnamese Industry and Trade Minister Le Manh Hung to discuss the Korean builder's willingness to be part of the Southeast Asian country's energy development projects, the company said Thursday. According to Daewoo E&C, Jung highlighted Daewoo E&C’s more than three decades of experience in Vietnam and its extensive local network during the meeting with the Vietnamese delegation in Seoul on Wednesday. "Based on our experiences and c
Aug. 27, 2026
Ikea Korea slashes prices on bestsellers amid inflation squeeze

Ikea Korea is rolling out its latest round of permanent price cuts as inflation squeezes household budgets, sticking to the low-price philosophy at its core, the furniture giant said Thursday. The retailer is employing roughly 1.8 billion won ($1.3 million) to cut prices on 161 products by an average of 15 percent, targeting bestsellers in storage, mattresses, lighting and beds, even as inflation strains household budgets. "Providing well-designed, functional and quality home furnishing products
Aug. 27, 2026
Toss launches prepaid card for newly arrived international students

Toss is providing prepaid cards to international students at 15 universities across Korea, allowing them to make payments before opening a local bank account. Newly arrived students often face a gap in access to financial services because obtaining a foreigner registration card and opening a Korean bank account can take time. The Toss prepaid card requires no domestic bank account and can be used for online and in-store purchases. Students can collect the card from the international office at a
Aug. 27, 2026
Krafton unveils five titles, outlines global franchise strategy at Gamescom 2026

Krafton unveiled five upcoming games at Gamescom 2026 in Cologne, Germany, on Wednesday, as the Korean game developer seeks to build its next generation of long-running global franchises. The company presented “No Law,” “Project Zeta,” “Age Twisters,” “Tarae: The Unbound” and “PUBG: DED.NET” during its third annual Krafton Media Day at Koelnmesse. The lineup spans open-world shooting, tactical competition, cooperative adventure and action role-playing, reflecting Krafton’s efforts to experiment
Aug. 27, 2026
Hyundai Mobis presents 40 smart manufacturing technologies at M-Sphere 2026

Hyundai Mobis showcased around 40 smart manufacturing technologies at its M-Sphere 2026 exhibition, demonstrating how artificial intelligence, robotics and digital twins are being used in the production of automotive parts. The two-day event opened Wednesday at the Quantum Center in Uiwang, Gyeonggi Province, drawing about 1,000 industry officials, including representatives from partner companies. Under the theme “Beyond Challenge, Into Reality,” Korea’s largest auto parts supplier organized the
Aug. 27, 2026
LG Innotek supplies high-resolution cameras for Zoox robotaxis

LG Innotek is expanding its partnership with Zoox, Amazon's autonomous driving subsidiary, supplying automotive camera modules for its purpose-built robotaxis, the South Korean electronics parts maker said Thursday. The two companies have maintained a close partnership since the early stages of the robotaxi's development. Under their latest agreement, LG Innotek will supply high-resolution automotive cameras for Zoox vehicles over the next several years. The cameras form part of Zoox's sensor su
Aug. 26, 2026
SK Innovation targets SKIET turnaround with merger, cost cuts

SK Innovation expects its merger with loss-making battery separator unit SK IE Technology to cut annual costs by about 60 billion won ($43.3 million) and return the business to earnings before interest, taxes, depreciation and amortization profitability within two years. The company plans to eliminate overlapping operations in marketing, production and other functions after absorbing SKIET, executives said during an online briefing Wednesday. The merger will also give SKIET access to SK Innovati
Aug. 26, 2026
Why Hyundai's Atlas stirs labor debate in Korea, but not the US

Hyundai Motor Group’s plan to begin deploying Atlas humanoid robots at its Georgia plant in 2028 is exposing a trans-Pacific divide over automation. Korean union workers are demanding job protections, while organized resistance has yet to emerge at Hyundai’s nonunion US factories. Hyundai has not announced plans to deploy Atlas at its Korean plants. Still, its Korean union raised the potential impact of physical artificial intelligence and robotics during this year’s labor negotiations, seeking

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EDITOR'S PICKS

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
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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