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The Korea Herald

Companies

September 24, 2024
Korea Zinc’s tit-for-tat dispute with MBK escalates

The vice chairman of Korea Zinc on Tuesday strongly condemned a takeover attempt by its major shareholder Young Poong, which teamed up with private equity firm MBK Partners for the bid, calling it a “predatory action” that would lead to the outflow of homegrown technology and put the country’s i...
September 24, 2024
KITA chief discusses EU’s regulatory impact in Brussels

Korea International Trade Association Chairman and CEO Yoon Jin-sik visited Brussels this week to convey South Korean companies' concerns regarding upcoming EU environmental regulations to key European Commission and European Parliament representatives. During his visit Monday through Tuesday, Yoo...
September 24, 2024
Kia to debut PV5 electric van in Japan in 2026

Hyundai Motor Company’s smaller sibling Kia is poised to enter Japan’s purpose-built vehicle market, a tricky segment already crowded with Japanese rivals. Kia said Tuesday it joined hands with Japan-based trading company Sojitz to launch its PV5 van, the carmaker's first PBV model built on an e...
September 24, 2024
Korean automakers pressured to diversify supply chains as US bans Chinese tech

Starting in the second half of 2026, the US will ban the sale of connected cars using Chinese-made software, with further restrictions on hardware to begin in 2029, a move that will pressure global automakers, including South Korea’s Hyundai Motor and Kia, to diversify their supply chains. On Mon...
September 23, 2024
Daewoo E&C chairman seeks community support for Czech nuclear project

The consortium, comprising six Korean companies, including Korea Hydro & Nuclear Power, Doosan Enerbility and Daewoo Engineering & Construction, as well as affiliates of the state-owned Korea Electric Power Corp., including Kepco Engineering & Construction, won the bidding in July. If the final con...
September 23, 2024
SK On eyes first profit as it begins US production for Hyundai EVs

SK On will begin mass production of electric vehicle batteries for Hyundai Motor Co. in the US next month, a move expected to help the battery maker turn a profit for the first time after years of losses. The company’s US unit, SK Battery America, will reportedly begin partial production at its G...
September 23, 2024
Mirae Asset named ‘Best Securities House in Korea’ by Euromoney

South Korea's largest stock brokerage company Mirae Asset Securities said Monday that it has been recognized as the "Best Securities House in South Korea" by Euromoney at the Euromoney Securities Houses Awards 2024. The accolade follows Mirae Asset Group Chairman Park Hyeon-joo being named Interna...
September 23, 2024
Yanolja Cloud appoints accounting specialist as new CFO

Yanolja Cloud, a South Korean provider of AI-based Software as a Service solutions, announced on Monday the appointment of Moon Byung-deok as its new chief financial officer. Moon, a seasoned financial expert, previously offered accounting audit and financial advice to both domestic and overseas c...
September 23, 2024
Korean snack exports expected to hit record high in 2024

South Korean snack exports will likely hit a record high of $700 million this year, riding the wave of popularity of Korean culture and food overseas. From January to August, exports of Korean snacks were tallied at $494.2 million, marking a 15.4 percent increase compared to the same period last y...
September 23, 2024
Smoothie King to end business in Korea

Smoothie King is set to fully withdraw from South Korea over the course of the next year. Smoothie King Korea, which operates the brand here, reportedly sent guides to close the shops by October 2025 on Friday. The company failed to extend the licensing contract with the Smoothie King headquarter...
September 23, 2024
[KH Explains] Can smart chargers ease tensions over EV fires?

Currently, South Korea has around 240,000 Level 2 EV chargers installed in apartment complexes, many of which lack smart-control technology. These new chargers aim to reduce fire risk by limiting charging levels and monitoring battery conditions in real time, offering what the government calls a “...
September 22, 2024
Eximbank joins hands with Czech state funds

The Seoul-headquartered, state-run Export-Import Bank of Korea said Sunday it has teamed up with Czech state financial institutions in an effort to help Korean companies expand business on Czech soil and beyond. Eximbank Chairman and CEO Yoon Hee-sung and Korea Trade Insurance Corp. Chairman Jang ...
September 22, 2024
Hyundai Motor chief visits Czech plant to boost EV offerings in Europe

Hyundai Motor Group's Executive Chairman Chung Euisun visited the company’s Czech manufacturing plant last Thursday to assess Hyundai’s European operations as part of a state trip with South Korean President Yoon Seok Yeol. During the trip, Hyundai Motor Group also signed several memorandums of ...
September 22, 2024
HD Hyundai Marine Solution secures $37m LNG carrier system order from Middle East

HD Hyundai Marine Solution, the ship maintenance unit of HD Hyundai, said Sunday that it has signed a contract with a Middle Eastern shipping company to supply shaft generator systems worth $37 million for 17 LNG carriers. The systems will be delivered sequentially until 2028. The shaft generator ...
September 22, 2024
Hyundai Motor bolsters hydrogen push in Czech

Hyundai Motor Group has renewed its commitment to the hydrogen fuel cell vehicles industry in the Czech Republic, a booming market for the clean mobility sector. Ken Ramirez, vice president of global commercial vehicle and hydrogen Business division at Hyundai Motor Group, and Skoda Electric CEO J...

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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
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