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Lee Boo-jin, the president and chief executive of Hotel Shilla, will reportedly sell some 440 billion won ($325 million) in Samsung Electronics stock, in an apparent bid to pay off her inheritance tax. Industry sources revealed Tuesday that Lee, a member of the Samsung Group founding family, is as...
The third winning project by Daewoo E&C, Scenery of Forest and Light enhances the landscape at the Dalseong Park Prugio Hillstate apartment complex in Jung-gu, Daegu. This project provides play and exercise zones in green surroundings, with a glass house and thoughtfully designed lighting, creating...
BAT Rothmans, the Korean unit of British American Tobacco, said Tuesday it unveiled a special McLaren livery design inspired by its e-cigarette products for the 2024 F1 Japanese Grand Prix. According to BAT, the unveiling of the livery is part of the "Driven by Change" project, a collaboration cam...
Korea Zinc, South Korea's leading zinc smelter, said Tuesday it will terminate its longstanding purchase and sales partnership with its largest shareholder, Youngpoong, amid a management conflict between the two companies. "In the future, we will conduct individual negotiations and contracts with ...
Major South Korean shipyard HD Korea Shipbuilding & Offshore Engineering said Tuesday it has won a 631.9 billion-won ($466.4 million) order to build four very large ammonia carriers (VLAC) for a European shipper. The VLAC vessels will be built at the shipyard of Hyundai Samho Heavy Industries for ...
The announcement from Burger King's South Korean operator that it would stop selling its popular Whopper lineup has stirred up controversy and mixed opinions over whether it is merely a marketing stunt or not. Early Monday morning, Burger King informed customers through its website and mobile mess...
Hanjin Group, the South Korean aviation conglomerate behind the nation's flag carrier Korean Air, announced Monday the release of a biography honoring the life and accomplishments of its late chairman Cho Yang-ho. The book, titled “Charting New Horizons: the Life and Legacy of Cho Yang-ho”, was ...
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...
Korean builders nervous about possible setbacks in Middle East
HD Hyundai chair receives honorary doctorate from HUFS
SC Bank Korea offers special interest rate for new members
Hyundai-Kia marks 40 years of partnerships with over 100 suppliers: report
Samsung expected to introduce new Exynos processor in next Galaxy series
Woori, KB ink QR code payment partnership with Cambodia