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South Korean retail giant Lotte Group Chair Shin Dong-bin is stepping up efforts to increase the group’s artificial intelligence capability. Lotte Group, on Friday, announced that the company held a conference on AI technology at Lotte World Tower on Thursday. Around 110 officials from the group ...
South Korean education provider Vine Group announced Thursday that its Sollute study abroad program has successfully concluded its 2024 winter vacation youth English camps. The winter vacation English camp, which attracted 141 participants, took place throughout January and February, lasting eithe...
South Korean shipbuilder Hyundai Mipo Dockyard on Friday held a christening ceremony for a container ship in this southeastern port, which is slated to undergo a test for autonomous navigation. The 1,800 twenty-foot equivalent unit (TEU) vessel, christened the Pos Singapore, will be delivered to P...
By Kan Hyeong-woo ( hwkan@heraldcorp.com )
By Hwang Joo-young ( flylikekite@heraldcorp.com )
Close competition is predicted among the four domestic low-cost carriers vying for the acquisition of Asiana Airlines' cargo division, with Air Premia and Air Incheon emerging as the prime contenders, according to industry sources on Thursday. Financial services firm UBS, which is overseeing the s...
Korean petrochemicals firms are downsizing their businesses as they are grappling with lower demand and higher supply of products from China, according to industry sources Thursday. Lotte Chemical, South Korea’s leading petrochemicals company, has reportedly embarked on the process of selling its...
Hyundai Engineering & Construction announced Wednesday that the company signed business agreements with US energy equipment supplier Holtec International, and with UK construction firms Balfour Beatty and Mott MacDonald, in a bid to join the UK government’s small modular reactor project. The UK g...
South Korean shipbuilding giant HD Hyundai Heavy Industries said Thursday it has opened an office in the Philippines in an effort to tap deeper into Southeast Asia's growing warship market. HD Hyundai Heavy, a unit of HD Korea Shipbuilding & Offshore Engineering, said it held an opening ceremony f...
Hyundai Motor, BMW Korea and two other carmakers will recall nearly 70,000 vehicles due to faulty components, the transport ministry said Thursday. The four companies, including Kia and Stellantis Korea, are voluntarily recalling a total of 69,044 units of 43 different models, the Ministry of Land...
South Korean semiconductor powerhouse SK hynix has won a non-compete injunction against a former researcher who left to work for its US chipmaking rival Micron Technology, sources said Thursday, amid an intensifying race for cutting-edge artificial intelligence (AI) chips. Last month, a Seoul cour...
Kim indicated a phased approach to collaboration with Chinese entities and stressed the necessity to promptly finalize agreements concerning the IRA and the Advanced Manufacturing Production Credit. Kim echoed the sentiments of chairman-nominee Chang In-hwa regarding the company's unwavering commi...
The global transition to net zero will be a boon for companies in renewable energy and secondary batteries, while supply chain restructuring will challenge Korean chipmakers, according to data analysis released Wednesday by the Korea Chamber of Commerce and Industry. The business group released a ...
Korean food manufacturer Samyang Foods on Wednesday held a groundbreaking ceremony for its new plant in Milyang, South Gyeongsang Province, as the company aims to capitalize on the growing global popularity of its spicy ramyeon brand, the Buldak series, especially in the US market. The new plant, ...
Korean beverage maker Dong-A Otsuka on Tuesday announced its “zero plastic” goal, renewing its commitment to sustainable management on the company's 45th anniversary. Under the new goal, the company aims to increase the use of sustainable plastic by 50 percent by 2030 and complete a 100 percent ...
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