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The Korea Herald

Companies

May 05, 2022
Lotte trademarks Lotte Biologics in new bio push
May 09, 2021
Hyundai's Genesis to hit Europe in summer

Seeking to expand its reputation as a high-end luxury brand, South Korean carmaker Hyundai Motor’s Genesis is set to enter Europe this summer, according to the company last week. Hyundai Motor plans to introduce the G80 sedan and the GV80 SUV in European countries including Germany, Britain and ...
March 10, 2021
NPS to remain neutral over embroiled Posco chief's second term

The National Pension Service said on March 10 it would engage in voting for Posco chairman and chief executive officer Choi Jeong-woo’s new term as a Posco board member, in a way that does not affect the result of shareholder voting on March 12. The decision not to vote against Choi comes as a ...
January 22, 2021
Coupang stresses sound work environment

South Korean e-commerce giant Coupang said Friday that it has strived to lower the work intensity of staff at its fulfillment centers through large-scale recruitment and investment in automation technology, amid criticism that its harsh work environment led to death of employees. According to Coup...
December 08, 2020
Posco International invests in local laser cutting application firm

Posco International, South Korea’s largest trading company, said on Dec. 8 that it has invested in local laser cutting applications developer Innovated Technology. The two firms partnered through an acquisition of shares in Innovated Technology by Posco International. The details were not disclo...
December 01, 2020
SK sets up hydrogen business group

SK Group is poised to make a big bet on the rising hydrogen market, seeing the fuel as a next-generation eco-friendly energy source. SK Holdings said on Dec. 1 that it established a hydrogen business promotion group, an organization dedicated to the hydrogen project consisting of about 20 experts...
November 30, 2020
Korean Air to sell Incheon yacht marina

Korean Air Lines is inching closer to selling its yacht marina operation in Incheon to a new Korean buyer for roughly 130 billion won ($117 million). The investor group of Consus Asset Management and Mirae Asset Daewoo said on Nov. 30 it has signed a memorandum of understanding as a preferred bid...
November 27, 2020
Hanwha Systems wins $40m space radar development deal

Hanwha Systems said on Nov. 27 that it has won a deal worth 45 billion won ($40.7 million) to develop a next-generation space radar that can detect and track space objects with precision. According to the defense and information technology service unit of Hanwha Group, it has won the Defense Indu...
November 27, 2020
News of potential deal with Tesla boosts Doosan Solus stocks

Doosan Solus stocks rose to 49,400 won ($44.70) on Friday, a 6.7 percent increase from a day prior, following a local news report that the company is in talks with Tesla to supply electric copper foil for vehicles in Europe. According to the news report, the material solutions unit of Doosan Grou...
November 25, 2020
Business groups seek next leaders as terms end soon

South Korea’s major business organizations will see the terms of their incumbent chiefs end early next year, with attention being paid to who their successors will be. The term of Korea Chamber of Commerce and Industry Chairman Park Yong-maan, Korea International Trade Association Chairman Kim Y...
November 23, 2020
SkyLabs, Chong Kun Dang team up for heart-monitoring ring

SkyLabs and Chong Kun Dang are initiating sales of ring-type heart monitoring device CART-I for the mass market starting December, SkyLabs announced on Nov. 23. Chong Kun Dang has paid SkyLabs 2.5 billion won ($2.2 million) to SkyLabs for the rights to business-to-consumer sales of the CART-I car...
November 20, 2020
USITC postpones final ruling on Medytox, Daewoong’s BTX trade secret suit

The US’ International Trade Commission on Nov. 20 once again delayed its final ruling on a trade secret suit between Korean companies Medytox and Daewoong involving a botulinum toxin strain. The ITC did not elaborate on the reason for the postponement, but the agency‘s website indicates that t...
November 18, 2020
Hanjin chief defends merger amid criticism

Hanjin Group Chairman Cho Won-tae said on Nov. 18 that the merger of the nation’s two largest carriers, Korean Air and Asiana Airlines, will not lead to a price hike or workforce restructuring. After attending the Korea-US Business Meeting at the Federation of Korean Industries in Seoul, Cho tol...
November 17, 2020
KCGI criticizes Hanjin KAL chief over merger plan

South Korean activist private equity fund KCGI on Nov. 17 lashed out at Korean Air‘s plan of acquiring its rival Asiana Airlines with the policy lender’s help, claiming that the scheme is being pursued to cement Hanjin KAL chairman Cho Won-tae’s control over the air carrier. Hanjin KAL is the ho...
November 12, 2020
Sartorius to invest $100m in Korean bio cluster Songdo

Sartorius, a German life sciences company with 170 years of history, announced on Nov. 12 that it will invest $100 million in Korea’s bio cluster of Songdo in Incheon to build a manufacturing facility for biologics plant parts. Sartorius’ decision is largely attributable to Korea’s leading bio...

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