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The Korea Herald

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November 03, 2023
Iraqi Kurdistan officials visit Korea to glean procurement expertise

South Korea’s government procurement agency said Thursday that a delegation from the Iraqi Kurdistan government visited its headquarters in Daejeon to learn about Korea’s e-procurement system and the latest developments in the country's public procurement administration. The delegation consisted...
November 03, 2023
Kia unveils ‘tiger-faced’ new K5

Hyundai Motor Group’s Kia on Thursday unveiled The New K5, the third generation model of its bestselling midsized sedan, setting an ambitious sales target of more than 30,000 units at home in the first year. “More than 6,000 K5 cars were preordered since Oct. 25, with hybrid models taking up the...
November 03, 2023
KG Mobility, BYD bolster ties on EV batteries, hybrids

KG Mobility, formerly known as Ssangyong Motor, has clinched a deal with China-based electric vehicle maker BYD to set up a new EV battery pack manufacturing plant and develop a hybrid car system in Korea. KG Mobility Chairman Kwak Jae-sun, KG Mobility CEO Chung Yong-won, BYD Chairman Wang Chuanfu...
November 03, 2023
KITA chief touts Ireland’s business-friendly policy

Jeong Marn-ki, vice chairman of the Korea International Trade Association, said South Korea should learn from Ireland's policy for foreign businesses during a networking event jointly organized with Enterprise Ireland on Wednesday at Trade Tower in Seoul. Enterprise Ireland is the government organ...
November 03, 2023
Yangjae Flower Festa kicks off Friday

Hosted by the Korea Agro-Fisheries and Food Trade Corporation (aT), the 5th Yangjae Flower Festa kicks off Friday at the aT center in Seocho-gu, southern Seoul, with the goal of sharing the value of flowers in our daily lives. Under the slogan “Blossom the Earth,” this year’s three-day flower f...
November 03, 2023
[Herald Interview] Merck seeks growth with Korean chipmakers

The global semiconductor industry is struggling to make ends meet amid sluggish demand and price decreases, but German technology firm Merck sees Korea, the home of the world's two largest memory chip producers Samsung Electronics and SK hynix, still an attractive destination for business. “The l...
November 03, 2023
Yoon hosts private banquet with chaebol chiefs

South Korean President Yoon Suk Yeol invited the chiefs of the country's top conglomerates -- Samsung Electronics, SK Group and LG Group -- to a private banquet Tuesday to discuss pending issues, according to industry sources on Thursday. Samsung Electronics Chairman Lee Jae-yong, SK Group Chairma...
November 03, 2023
Indonesia’s upcycling startup wins Korea-ASEAN pitch competition

South Korea’s SMEs and Startups Ministry and Indonesia’s Cooperatives and SMEs Ministry unveiled the final winners of the 4th Korea-ASEAN Business Model Competition for SDGs 2023 at a hotel in Jakarta, Indonesia, on Tuesday. Launched in 2020, the annual competition aims to boost hundreds of star...
November 03, 2023
Paris Baguette inks sponsorship deal with Paris Saint-Germain

Paris Baguette, South Korean bakery giant SPC Group's flagship bakery chain, announced Thursday that the company has signed a sponsorship deal with French football club Paris Saint-Germain. Of around 30 companies that have partnered with the Paris-based football club, including Nike, Qatar Airways...
November 03, 2023
Asiana Airlines to sell cargo biz to smooth merger

The board of Asiana Airlines, the nation’s second-largest air carrier, on Thursday approved a plan to sell off the company’s cargo business, a decision widely seen as crucial for its high-profile merger with its bigger rival Korean Air. Asiana said in a regulatory filing that its board approved ...
November 02, 2023
Exports log first rise in 13 months in sign of trade recovery for Korea

South Korea's exports are showing signs of recovery, as the country’s outbound shipments in October rose on-year for the first time in 13 months. The country’s exports in October stood at $55.09 billion, a 5.1 percent increase from the same month last year. Imports declined by 9.7 percent to $53...
November 02, 2023
AmCham reaffirms Korea-US alliance in Washington

The American Chamber of Commerce in Korea said Wednesday that its delegation successfully concluded the three-day trip to Washington from Oct. 24-26, as part of its annual business promotion program it calls “Doorknock.” Over the course of three days, the delegation reaffirmed bilateral ties the...
November 02, 2023
HDC to spur digital innovation for efficiency, safety

South Korean real estate developer and builder Hyundai Development Co. is shifting the landscape of construction projects via digital transformation, with the aim of promoting safer and more efficient working processes. In particular, digital innovation is optimizing the entire process of architec...
November 02, 2023
LG, Hyundai, YouTube team up for in-car infotainment system

LG Electronics said Wednesday that it was supplying its in-vehicle infotainment system for Hyundai Motor Group’s upcoming Genesis vehicles from next year, allowing both drivers and passengers to stream a variety of entertainment content, including YouTube videos. The new system is based on LG’s ...
November 02, 2023
SK chief calls on board members to help CEOs make balanced decisions

SK Group Chairman Chey Tae-won called on the board of directors to review the decision-making process of South Korea's second-largest business conglomerate’s overall management activities and actively provide feedback to help CEOs make optimal and balanced decisions, the group said Wednesday. “B...

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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
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