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The Korea Herald

Companies

August 28, 2024
CJ Olive Young's discount event start Friday

South Korea's largest beauty retailer CJ Olive Young said Wednesday the company will reduce the price of over 10,000 products by up to 70 percent for a week from Friday. The company has opened doors for the nation's smaller cosmetic makers. Olive Young plans to offer large discounts on numerous Ko...
August 28, 2024
Samsung SDI, GM push ahead with $3.5b joint battery plant in US

Samsung SDI and General Motors reaffirmed their commitment to the growth of the electric vehicle market despite the recent slowdown as they finalized the agreement to establish a joint battery plant in the United States on Tuesday. According to Samsung SDI, key representatives from the Korean batt...
August 28, 2024
Korean Air ups commitment to newer, safer airplanes

Korean Air is significantly increasing its investment in a younger, safer and more passenger-friendly fleet, reflecting the carrier's commitment to enhancing its services and providing travelers a broader range of options. According to recent Transport Ministry data, the average age of Korean Air’...
August 28, 2024
APR's Mediheal seeks bigger footing in US, Canada

South Korean beauty tech company APR, known for its Mediheal brand, announced Wednesday that it has signed a supply agreement with The TJX Companies, a global retail giant operating nearly 5,000 stores across nine countries, including the United States and Canada. With this agreement, Mediheal's p...
August 27, 2024
Why Korea suffers record trade deficit despite K-culture boom

According to a local duty-free industry official here, the decline in Korea's travel income can be attributed to a shift from group-oriented to individual tourism. "The rise in individual travel has led to a decrease in shopping at duty-free stores and large malls," the official explained on condi...
August 27, 2024
Westinghouse interrupts Korea's Czech nuclear deal

Korea’s multibillion-dollar deal to build nuclear plants in the Czech Republic has been put at risk with US-based Westinghouse Electric Co. filing an appeal with the Czech's antimonopoly watchdog Tuesday, challenging Korea Hydro & Nuclear Power's position as the preferred bidder. "KHNP’s APR1000...
August 27, 2024
SK Innovation, E&S to merge into W100tr energy giant

SK Innovation and SK E&S, two major energy affiliates of the country's second-largest conglomerate SK Group, received shareholders’ approval for their merger on Monday, paving the way for the launch of an integrated entity with assets over 100 trillion won ($75 billion). During the extraordinary ...
August 27, 2024
Fubon Hyundai Life solidifies foothold in Korea

Fubon Hyundai Life Insurance, the Korean unit of Taiwan's Fubon Financial Group, is making steady progress in solidifying its foothold in South Korea under the robust leadership of CEO Lee Jae-won. Establishing a presence in Korea is no easy task for a minor foreign insurer, yet Fubon Hyundai Life...
August 27, 2024
Franchises account for 70% of Korean chicken eateries: data

Crispy, double-fried, and an inseparable companion to cold beer, fried chicken is South Korea's beloved go-to snack for everything from sports viewing to late-night hangouts. But the country's $5.7 billion fried chicken industry, the world's third largest behind the United States and China, is sho...
August 26, 2024
[KH Explains] Regulatory scrutiny, investor unrest heighten pressure on Doosan’s restructuring

The backlash has been loud enough to catch the attention of the Financial Supervisory Service. Lee Bok-hyun, the FSS governor, called out Doosan for what he sees as a questionable governance practice that might not adequately protect the interests of minority shareholders. Lee has even suggested th...
August 26, 2024
Hyundai-Kia climb to top credit ranks among global automakers

Hyundai Motor Company and Kia have just secured their place among the world’s most financially sound automakers. According to industry sources Monday, both companies received A ratings from the world’s three major credit rating agencies -- Moody's, S&P and Fitch. This positions Hyundai and Kia a...
August 26, 2024
HD Hydrogen acquires fuel cell company Convion

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
August 26, 2024
Mastern to seek opportunities in US tech hubs

Mastern America, the US arm of Mastern Investment Management, said Monday it had signed a memorandum of understanding with US real estate investor Woods Capital to attract investment for tech hub projects across the US. In October 2023, the US Economic Development Administration designated 31 regi...
August 26, 2024
Homeplus achieves strong sales increase with summer promotion

South Korean discount chain Homeplus said Monday it saw a significant sales increase during it latest promotional event, which featured discounts on meat, vegetables and fruit, targeting peak demand in the summer vacation season. The event, which ran from July 25 to Aug. 11, resulted in growth acr...
August 26, 2024
Tajikistan holds cultural day to share heritage with Korea

The Embassy of Tajikistan in South Korea announced Monday that it hosted a special event dedicated to celebrating Tajikistan Cultural Day, while strengthening cultural exchanges between the two nations. The event also marked the publication of the Korean edition of "Tajiks in the Mirror of History...

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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