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Kakao said Thursday it logged all-time high annual sales in 2023 due to increased profitability from its mobile messenger, KakaoTalk. The IT giant reported 8.11 trillion won ($6.08 billion) in sales last year, up 14.1 percent from a year earlier. It marks the first time for the company surpassing ...
S-Oil has called for continued incentives from the South Korean government to vitalize large-scale projects and investments in the new energy sector. “Expanding incentive supports such as extending the tax credit period for investment in large scale projects that take place over a long period of ...
Toss Securities saw its first profitable year since it started service three years ago by logging 1.53 billion won ($1.15 million) in net profit last year, it said on Thursday. Sales rose by 58 percent on year to 202 billion won in the same period, with the operating loss narrowed by 31.3 billion ...
The European Union's antitrust regulator on Tuesday granted conditional approval for the merger of Korean Air with its smaller domestic rival Asiana Airlines, leaving only the last approval from the US pending among the 14 relevant authorities. The announcement comes after the nation’s largest ai...
By Kan Hyeong-woo ( hwkan@heraldcorp.com )
The European Union's antitrust regulator granted conditional approval for the merger of Korean Air with its smaller domestic rival Asiana Airlines on Tuesday, leaving only approval from the US pending among the 14 relevant authorities, according to Korean Air. The approval comes after the nation’...
The local mobile payments market continued its relentless expansion last year, swelling by a whopping 17 trillion won ($12.72 billion) on year. The total amount of mobile payments made through four major companies providing the service locally -- Samsung Pay, Naver Pay, Kakao Pay and NHN Payco -- ...
HD Hyundai will develop a commercial large liquefied hydrogen carrier by 2030 in accordance with the hydrogen value chain cooperation with global leaders in the sector, the South Korean shipbuilding conglomerate said Wednesday. According to the announcement, HD Hyundai’s shipbuilding holdings com...
KT&G, South Korea’s largest cigarette manufacturer, said Wednesday that its ultra-slim cigarette brand Esse achieved cumulative sales of over 900 billion cigarettes last year. Since its launch in 1996, Esse has sold a total of 901.6 billion cigarettes, with 405.1 billion sold overseas. Last year ...
Chinese tech giant Huawei Technologies is reportedly preparing to launch the world’s first triple-foldable smartphone within the second quarter, aiming to challenge the dominance of Samsung Electronics in the global foldable phone market. Huawei has reportedly begun the development of a triple-fo...
Posco International, South Korea’s largest trading company, said on Dec. 8 that it has invested in local laser cutting applications developer Innovated Technology. The two firms partnered through an acquisition of shares in Innovated Technology by Posco International. The details were not disclo...
SK Group is poised to make a big bet on the rising hydrogen market, seeing the fuel as a next-generation eco-friendly energy source. SK Holdings said on Dec. 1 that it established a hydrogen business promotion group, an organization dedicated to the hydrogen project consisting of about 20 experts...
Hanwha Systems said on Nov. 27 that it has won a deal worth 45 billion won ($40.7 million) to develop a next-generation space radar that can detect and track space objects with precision. According to the defense and information technology service unit of Hanwha Group, it has won the Defense Indu...
Doosan Solus stocks rose to 49,400 won ($44.70) on Friday, a 6.7 percent increase from a day prior, following a local news report that the company is in talks with Tesla to supply electric copper foil for vehicles in Europe. According to the news report, the material solutions unit of Doosan Grou...
S-Oil announced on Oct. 19 that the company would secure certified emission reductions by helping a local startup specializing in developing solutions designed to improve access to safe water in developing countries. S-Oil will purchase certified emission reductions of around 13,000 metric tons o...
CJ Olive Young's Q1 sales jump on strong overseas trade
Seoul sees further jump in cost of dining out
Metanation, Memetoon partner up for webtoon, short-form services
Woori partners with India’s Tata Motors in auto finance push
[KH Explains] Hyundai-backed Motional’s struggles deepen as Tesla eyes August robotaxi debut
Kepco to raise electricity prices as total debt soars past W200tr