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The Korea Herald

Industrials

March 18, 2024
Igis to create fancy office complex in central Seoul

Local real estate asset manager Igis Asset Management is set to move forward with its plan to refurbish the office area near the Seoul Station, having recently acquired two office properties on the site. The asset manager announced Monday it had acquired Metro Tower (41,139.6-square-meters) and Se...
March 18, 2024
Asiana Airlines wins data transfer certification in China

Asiana Airlines on Monday announced that it has become the first domestic airline to win the Certification of Cross Border Transfers of Personal Information, as mandated by China's Personal Information Protection Law. This certification affirms the company's adherence to the stringent requirements...
March 18, 2024
Korean Air to expand flights to pre-pandemic levels

Korean Air on Monday said it plans to expand the number of its international flights for the upcoming summer season, elevating its operational rate to nearly 96 percent of pre-pandemic levels. From March 31 through Oct. 26, the company will resume operations of weekly flights to four cities, inclu...
March 18, 2024
HD Korea Shipbuilding wins W489.6b order for 3 ammonia carriers

Major South Korean shipyard HD Korea Shipbuilding & Offshore Engineering said Monday it has bagged a 489.6 billion-won ($372 million) order to build three very large ammonia carriers for an Oceanian shipper. HD Hyundai Heavy Industries, one of HD Korea Shipbuilding's three shipbuilding units, will...
March 18, 2024
Samsung C&T shareholders vote down activists' dividend hike proposal

The company will stick to the current shareholder return policy -- the three-year plan starting this year -- but will continue to listen to shareholders' opinions and reflect them in the next round of policy after the fiscal year of 2025. Instead of buying more of its own shares, the company has a...
March 15, 2024
Samsung Electronics' unionized workers threaten first-ever strike

Samsung Electronics could face its first-ever labor strike, as unionized workers have secured the right to legally conduct a walkout after wage talks between management and labor have fallen through, according to industry sources Friday. The National Labor Relations Commission, a government agency...
March 15, 2024
Korea Zinc, LG Chem sign MOU for partnership in US recycling market

Korea Zinc, South Korea's leading nonferrous metal processing firm, said Friday it has partnered with LG Chem for business opportunities in the US used plastics recycling market. Korea Zinc signed a memorandum of understanding with LG Chem to win used plastics recycling projects in the United Stat...
March 15, 2024
Proxy adviser ISS backs KT&G's board nominee endorsed by activist fund

Proxy adviser Institutional Shareholder Services (ISS) has urged shareholders of KT&G, South Korea's dominant cigarette maker, to vote for a board nominee endorsed by activist fund Flashlight Capital Partners, according to the fund Friday. Appointing a new chief executive, which would mark KT&G's ...
March 14, 2024
Toss Securities poised to become top retail broker

Toss Securities, a brokerage arm under financial technology giant Viva Republica, shared its vision Thursday to become a leading player in the Korean retail trading market, launching new services ranging from bonds to derivatives to diversify its portfolio. “Until last year, Toss Securities worke...
March 14, 2024
Doosan’s robot surgery solution sees successful debut

Doosan Robotics, South Korea's leading collaborative robot provider, announced Thursday the successful practice of its robotic-assisted laparoscopic surgery solution, marking the debut of a Korean-made solution in a real surgical environment. The solution was employed for laparoscopic cholecystect...
March 14, 2024
SK Ecoplant launches IT recycling facility in Virginia

Energy and environmental solutions provider SK Ecoplant announced Thursday the launch of a new IT Asset Disposition facility in Virginia through its recycling subsidiary, SK tes. The newly completed facility, spanning 12,000 square meters, is designed specifically for hyperscale data centers. It w...
March 13, 2024
Top shareholder opposes KT&G's CEO nominee

The biggest shareholder of KT&G has said it opposed a nomination for chief executive of South Korea's dominant cigarette maker, citing falling profitability and dubious business practices during the nominee's tenure as a board member. In a regulatory filing Tuesday, state-run Industrial Bank of Ko...
March 12, 2024
[KH Explains] Tussle over Nexon’s loot box controversy intensifies

The feud over South Korean game developer Nexon's Maplestory, a popular side-scrolling massively multiplayer online role-playing game, or MMORPG, is escalating, with gamers filing a class action suit and Nexon taking the antitrust regulator’s fine assessment to court. As the in-court battle is ex...
March 12, 2024
Posco wins massive EV magnet orders from global carmakers

By Kim Hae-yeon ( hykim@heraldcorp.com )
March 12, 2024
LX Pantos attains security certification from German automakers

LX Pantos, a Korean logistics company, said Tuesday that it has obtained the Trusted Information Security Assessment Exchange certification from the German Association of the Automotive Industry, in a move to gain an upper hand in delivering cars and automotive parts. TISAX serves as a standardize...

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EDITOR'S PICKS

Herald Corporation |CEO : Jeon Chang-hyeop |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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