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Korea's top three battery makers -- LG Energy Solution, Samsung SDI and SK On -- are buckling up for the impact of their first-quarter earnings, which are certainly looking dispirited amid the withering demand for electric vehicles across the globe. According to LG Energy Solution’s preliminary e...
Fueled by the unparalleled success of BTS, the country's first and only Grammy-nominated pop artist, Hybe has achieved remarkable feats on the global stage. In 2021, its US subsidiary, Hybe America, acquired Ithaca Holdings, thereby enlisting global pop icons Justin Bieber and Ariana Grande onto it...
Korea's leading travel agency Hanatour has been listed in the merger market with its ownership stake up for sale. Reports from the industry on Tuesday indicate that IMM Private Equity, Hanatour's largest shareholder, has recently commenced the selection process for a new stakeholder, which is anti...
Lee Boo-jin, the president and chief executive of Hotel Shilla, will reportedly sell some 440 billion won ($325 million) in Samsung Electronics stock, in an apparent bid to pay off her inheritance tax. Industry sources revealed Tuesday that Lee, a member of the Samsung Group founding family, is as...
The third winning project by Daewoo E&C, Scenery of Forest and Light enhances the landscape at the Dalseong Park Prugio Hillstate apartment complex in Jung-gu, Daegu. This project provides play and exercise zones in green surroundings, with a glass house and thoughtfully designed lighting, creating...
BAT Rothmans, the Korean unit of British American Tobacco, said Tuesday it unveiled a special McLaren livery design inspired by its e-cigarette products for the 2024 F1 Japanese Grand Prix. According to BAT, the unveiling of the livery is part of the "Driven by Change" project, a collaboration cam...
Korea Zinc, South Korea's leading zinc smelter, said Tuesday it will terminate its longstanding purchase and sales partnership with its largest shareholder, Youngpoong, amid a management conflict between the two companies. "In the future, we will conduct individual negotiations and contracts with ...
Major South Korean shipyard HD Korea Shipbuilding & Offshore Engineering said Tuesday it has won a 631.9 billion-won ($466.4 million) order to build four very large ammonia carriers (VLAC) for a European shipper. The VLAC vessels will be built at the shipyard of Hyundai Samho Heavy Industries for ...
The announcement from Burger King's South Korean operator that it would stop selling its popular Whopper lineup has stirred up controversy and mixed opinions over whether it is merely a marketing stunt or not. Early Monday morning, Burger King informed customers through its website and mobile mess...
Hanjin Group, the South Korean aviation conglomerate behind the nation's flag carrier Korean Air, announced Monday the release of a biography honoring the life and accomplishments of its late chairman Cho Yang-ho. The book, titled “Charting New Horizons: the Life and Legacy of Cho Yang-ho”, was ...
CJ Foodville, the operator of the South Korean bakery chain Tous Les Jours, said Monday it plans to establish a training center in the US aimed at enhancing the service and operational expertise of its local franchisees there. This initiative comes as CJ Foodville has recently experienced an incre...
By Kan Hyeong-woo ( hwkan@heraldcorp.com ) The Korea Herald
Mercedes-Benz’s Corporate Social Responsibility Committee said Monday that the Give ‘N Race charity event, held in Busan on Sunday, raised an unprecedented 1.017 billion won ($751,500), with the engagement of 20,000 participants. Initiated in 2017 as part of its commitment to social responsibili...
Unionized workers of Samsung Electronics have voted in favor of a strike after failing to reach a deal on wage hikes with management, industry sources said Monday. Out of the 27,458 members across five different labor unions within the tech giant, 20,853 participated in the vote held from March 18...
Hyundai Motor Group said Monday it formed a strategic partnership with Exide Energy Solutions Ltd. of India to cooperate in battery cell production for the auto group's electric vehicle (EV) models for the Indian market. Under the memorandum of understanding for the partnership, the two sides will...
Celltion’s Zymfentra gets preference in top US formulary
Intel CEO to visit Seoul in June
Korean franchises eye Japan, riding high on K-food trend
[Herald Interview] Mom’s Touch seeks to replicate success in Japan
Hanwha Systems breaks ground on satellite center in Jeju
BNEF names Hyosung Heavy as top ESS supplier