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Lee and Cho Hyun-joon are close friends, both born in 1968 and studying together at Keio University in Japan. When Lee’s father Lee Kun-hee passed away in October 2020, Cho visited the funeral to pay respect for two days in a row. At the time, Cho recalled the late former Samsung chief as a "warm...
By Kan Hyeong-woo ( hwkan@heraldcorp.com ) The Korea Herald
South Korean retail giant Hyundai Department Store announced Sunday the debut of The Hyundai Global, a pioneering platform designed to establish the nation’s homegrown fashion and entertainment brands in prominent international retail spaces. The new platform will offer a strategic pathway for sm...
In the main analysis room, tools like the Raman spectrometer come into play, using laser light to reveal how the battery's materials are bonded together, similar to using a microscope to see the cells in a leaf, allow scientists to understand the materials' properties on a microscopic level. Such i...
Private equity company Hahn & Co has taken over the boardroom of Namyang Dairy Products to put an end to 60-year family ownership of the dairy firm. During the regular shareholders meeting held at Namyang’s headquarters in southern Seoul on Friday, officials from Hahn & Co were appointed as insid...
Lee Seo-hyun, the second daughter of late Samsung Group Chairman Lee Kun-hee and the younger sister of Samsung Electronics Chairman Lee Jae-yong, is returning to the management as she takes the post of president at Samsung C&T. Samsung C&T, the construction and energy arm of Samsung Group that act...
South Korea’s leading food delivery app Baedal Minjok, or Baemin, posted a 65 percent growth in operating profit last year, achieving a significant surplus for the second consecutive year. As a result, its German parent company, Delivery Hero, received some 412.7 billion won ($306 billion) in divi...
Dongwon Group Vice Chairman Kim Nam-jung, second son of the group's founder and honorary chairman Kim Jae-chul, was promoted to chairman at the group's board meeting held Thursday. Kim’s promotion fills the position which had been vacant for five years since the retirement of the honorary chairma...
Food delivery app owner Woowa Brothers posted a 84 percent on-year jump in net profit last year, allowing over 400 billion won ($297 million) in dividends to its German parent, Delivery Hero. Woowa Brothers' net profit soared to 506.2 billion won in 2023 from 275.8 billion won a year earlier helpe...
Taihan Cable & Solution, South Korea's second-biggest cable company, said Friday it has obtained a $82 million power grid replacement deal in the United States. With the latest order, Taihan Cable has already received $140 million worth of power grid contracts in the US in the first three months o...
South Korean shipbuilder HD Hyundai Heavy Industries said Friday it has received a $463 million order in Peru to jointly build four warships with a local shipyard by 2029. Peru's state-owned shipbuilder SIMA Peru S.A. placed the order for joint production of one 3,400-ton frigate, one 2,200-ton de...
KT&G's Senior Executive Vice President Bang Kyung-man has cleared the final hurdle to become the company's CEO by winning shareholders approval Thursday, marking the cigarette maker's first leadership change in nine years. The decision was made at the company’s 37th annual general meeting of shar...
Korean battery material and chemical company Posco Future M has been recognized by Fortune Asia as one of the top 30 most innovative companies in Asia, set to drive future growth, the company said on Thursday. The 2024 Fortune Asia Future 30 award was presented at the Fortune Innovation Forum in H...
The EV9 is equipped with a 99.8 kilowatt-hours battery that can drive up to 501 kilometers on a single charge. It also features 400-volt and 800-volt ultra-fast charging systems and vehicle-to-load technology that uses the car’s stored energy to power the dead batteries of external devices. The l...
Volkswagen Group Korea on Thursday appointed Steve Cloete to become the next head of Audi Korea as the German automaker looks for a breakthrough to turn around ailing sales in the local market. According to the announcement, Cloete will begin this new post at Audi Korea starting May 1. The new chi...
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