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The Korea Herald

Companies

November 26, 2024
[India Forum] India's Haryana, Korean delegation look to bolster ties

HARYANA, India -- Daewoo Engineering & Construction Chairman Jung Won-ju, who doubles as chairman of Herald Media Group, expressed his hopes to establish India’s first Koreatown, the hub of Korean culture and commerce, in a meeting with high-profile Indian government officials. On Thursday, Jung ...
November 26, 2024
[India Forum] Tapping into young, growing population

NEW DELHI, India -- Korea’s leading asset manager Mirae Asset Global Investments has been rapidly expanding its presence in the Indian market, riding on the country’s strong “appetite for Korean businesses.” Recognizing the country’s growth potential, the company was the first of its peers to...
November 26, 2024
[India Forum] India, more than a manufacturing hub

NEW DELHI -- For South Korean tech behemoth Samsung Electronics, India is more than just a manufacturing hub for the global market. The tech giant believes that Indian talent will drive innovation to take the country a step further on the global stage. “Samsung was one of the first companies to r...
November 26, 2024
[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'

US President-elect Donald Trump is likely to use tariffs not only as a tool to protect American manufacturers but also as a way to ensure that trade negotiations are fair and expedited, a top Washington lobbyist says. “Trump has several administrative avenues to implement tariffs and his suggesti...
November 26, 2024
Paris Baguette launches first franchise store in UK

South Korean bakery giant SPC Group said Tuesday it has opened its first Paris Baguette franchise store in the UK, marking its debut in franchising within the European market. Paris Baguette had previously operated company-owned stores in Europe, including France and the UK. The first franchise st...
November 26, 2024
Hyundai Steel unveils new mascot Yonggangi

Korean steelmaker Hyundai Steel introduced its new mascot Yonggangi on Tuesday. Yonggangi, named after “yonggang,” which means purified molten iron in Korean, symbolizes the value of the steel industry and embodies a dynamic corporate culture, the company said. The mascot is portrayed as a peop...
November 26, 2024
Posco International completes first gas processing plant in Australia

Posco International, the trading and energy arm of Posco Group, announced Monday that its local subsidiary has completed the first gas processing plant in Queensland, Australia. In April 2022, Posco International acquired Senex Energy together with Hancock Prospecting. It aims to triple Senex's an...
November 26, 2024
[Contribution] Intellectual property: A safety belt for Korean exporters

By Kim Wan-ki Drivers instinctively reach for their seat belts, whether they’re off to work in the morning or heading out for a weekend picnic. According to a 2023 traffic culture index survey, seat belt usage in South Korea reached approximately 85 percent, which reflects the belief that seat be...
November 26, 2024
BAT debuts synthetic nicotine e-cigarettes in Korea

Global tobacco giant British American Tobacco on Monday officially launched its synthetic nicotine-based liquid e-cigarette, Nomad Sync 5000, in South Korea, the first market in the world to release the product. The Nomad Sync 5000, available in sweet “Purple” and refreshing “Cold” flavors, of...
November 25, 2024
Mercedes-Benz donates W500m for child protection center in Incheon

Mercedes-Benz’s Corporate Social Responsibility Committee said Monday that it has donated 500 million won ($358,000) to establish a specialized child protection center, aimed at protecting abused children and preventing further abuse. The funds, raised through the 11th Mercedes-Benz Give ’n Race...
November 25, 2024
Why S. Korean refiners are reluctant to import US oil despite Trump’s energy push

As US President-elect Donald Trump assembles his energy team with the aim of expanding oil and gas production in his second term, there may be pressure on allies to import US oil. However, South Korean oil companies, heavily reliant on Middle Eastern suppliers, might hesitate to switch to US crude...
November 25, 2024
Hyundai Capital sets up Australian subsidiary

Hyundai Capital Services, the financial arm of Hyundai Motor Group, announced Monday the official launch of its Australian subsidiary, Hyundai Finance Australia, marking its 12th overseas expansion in automotive financing. The new entity will provide tailored financial solutions for Hyundai Motor ...
November 25, 2024
[Exclusive] Hyundai Mobis eyes closer ties with BYD

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
November 25, 2024
Samsung SDI builds EV momentum with Audi, Hyundai deals

This agreement will support Hyundai and Kia’s transition to using Samsung SDI batteries in their EV lineups, including the luxury Genesis brand’s upcoming GV90 electric SUV. Until now, Hyundai and Kia primarily relied on LG Energy Solution and SK On for their battery supplies, making this a notab...
November 24, 2024
S. Korea leads world in industrial robot adoption: study

South Korea leads the world in industrial robot adoption, with 1,012 robots per 10,000 employees deployed in 2023, according to a global study. The World Robotics 2024 report, presented by the Frankfurt, Germany-based International Federation of Robotics, reveals that the Asian country’s robot de...

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EDITOR'S PICKS

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
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099