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LG Energy Solution Ltd. (LGES), South Korea's leading battery maker, said Tuesday its joint venture with General Motors Co. began production at their second battery plant in the United States. The first round of battery cells produced at the plant have been delivered to GM for installation in the ...
The funeral for late Hyosung Group Chairman Emeritus Cho Suck-rai was held in Seoul on Tuesday as his grieving family and employees commemorated his legacy in the South Korean business community. Cho died of a chronic ailment Friday at age 89, seven years after he stepped down from the top managem...
Korea Ginseng Corp., the country's leading ginseng manufacturer, said Monday that it has appointed An Bin, the company's former global business chief, as its new CEO. “In order to transition into a global top-tier comprehensive health company, we must adopt a 'Global One Market' approach that com...
Korean Air hosted a surprise event at New York's John F. Kennedy International Airport on Friday, to celebrate the 45th anniversary of operating flights to the city, the nation’s largest air carrier said Monday. At the event, a round-trip prestige ticket from Incheon to New York was awarded to th...
Speaking on high interest rates, Bang noted the company's partnership with Woori Financial Capital signed in March will offer appealing installment plans for customers ranging from zero to 4 percent interest rates. Bang unveiled a plan to speed up the process of turning the automaker’s showrooms ...
South Korean food giant CJ CheilJedang said Monday it has started selling plant-based dumplings at grocery stores within US military bases in Korea. These Bibigo dumpling products come in three varieties -- original, japchae and kimchi -- all featuring the company’s special vegetable protein base...
Hanwha Ocean announced Monday that Philippe Levy, the former president of SBM Offshore Americas, will take the helm of its Offshore Business division. Levy brings 25 years of industry experience, notably with SBM Offshore, a Dutch-based oil and gas company. Additionally, he has served as an execu...
KG Mobility, formerly known as SsangYong Motor, said Monday its March sales fell 21.4 percent from a year earlier due to weakened domestic demand. KG Mobility sold 10,702 vehicles last month, compared with 13,619 units sold a year earlier, the company said in a statement. Domestic sales plunged 4...
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) said Monday it has received 612 billion won ($454 million) in orders to build four liquefied petroleum gas (LPG) ships and two product carriers (PCs) for shippers in the Oceania and Europe regions. HD KSOE obtained the LPG ship order in the Oc...
Hollys, the coffee business unit of South Korea's KG Group, said Monday it will open its first overseas outlet in Japan in the first half as part of its expansion strategy. Hollys plans to set up a business entity in the neighboring country to open the outlet at the Marui Department Store in Namba...
Lee and Cho Hyun-joon are close friends, both born in 1968 and studying together at Keio University in Japan. When Lee’s father Lee Kun-hee passed away in October 2020, Cho visited the funeral to pay respect for two days in a row. At the time, Cho recalled the late former Samsung chief as a "warm...
By Kan Hyeong-woo ( hwkan@heraldcorp.com ) The Korea Herald
South Korean retail giant Hyundai Department Store announced Sunday the debut of The Hyundai Global, a pioneering platform designed to establish the nation’s homegrown fashion and entertainment brands in prominent international retail spaces. The new platform will offer a strategic pathway for sm...
In the main analysis room, tools like the Raman spectrometer come into play, using laser light to reveal how the battery's materials are bonded together, similar to using a microscope to see the cells in a leaf, allow scientists to understand the materials' properties on a microscopic level. Such i...
Private equity company Hahn & Co has taken over the boardroom of Namyang Dairy Products to put an end to 60-year family ownership of the dairy firm. During the regular shareholders meeting held at Namyang’s headquarters in southern Seoul on Friday, officials from Hahn & Co were appointed as insid...
Minister says chip subsidy a ‘tall order’
Over 80,000 millionaires, 20 billionaires in Seoul: report
Korean drug makers flock to obesity treatment
Mirae Asset Securities reaps fruits of global growth
Kakao Bank hits record high quarterly profit in Q1
Coupang earnings hit hard by losses from ailing Farfetch