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The head of the Federation of Korean Industries, the country’s major business lobby has said another term for former US President Donald Trump would be favorable for Korean companies operating there, as he would not discriminate against foreign firms that invest in the country. Ryu Jin, the FKI c...
BUSAN -- Yoon Young-bin, the head of Korea AeroSpace Administration, or KASA, on Monday reiterated the importance of collaboration and cooperation in space to make progress across borders for the prosperity of humanity at the 45th Committee on Space Research, or COSPAR, at Bexco in Busan. “In ord...
By Kan Hyeong-woo ( hwkan@heraldcorp.com )
LS Cable & System pledged Monday to take every legal action possible against Taihan Cable & Solution if the latter’s alleged theft of the former’s technologies is found true, labeling Taihan’s maneuver as a clear crime. The police have recently opened a probe into Taihan over the suspected viol...
Meanwhile, the OECD survey report forecast a 2.6 percent growth outlook for the South Korean economy this year, driven by improved exports and strengthening domestic demand in the second half. "With inflation falling back and renewed demand for computer chips powering a wave of investment in AI ac...
South Korea has filed an appeal against a ruling by a Hague-based arbitration court ordering it to pay $32 million to a US hedge fund to compensate for its intervention in the merger of two Samsung affiliates in 2015, the Justice Ministry said Thursday. The appeal to the ruling by the Permanent Co...
HD Hyundai Samho, a shipbuilding division of HD Hyundai, said Wednesday it extended its vessel berthing facility to accommodate rising orders for high-value, eco-friendly ships. The company held a ceremony to celebrate the completion of its second dolphin quay earlier in the day at its shipyard in...
South Korea’s top chip makers Samsung Electronics and SK hynix are betting big on glass substrates, a “game changer” in chip making that could drastically boost the data capacity and speed of semiconductors in the era of artificial intelligence. With its high heat resistance and flatness, glass...
The United States and its capital, Washington, DC, have one of the biggest lobbying sectors in the world. Hilary Braseth, executive director of OpenSecrets, a Washington DC-based nonprofit organization specializing in tracking and publishing the money flows in politics, says transparency is integra...
Global investment bank Credit Suisse affiliates have been fined a record amount for violating Korea's short selling regulations. The Securities and Futures Commission under the Financial Services Commission announced that it had decided to impose fines totaling 27.17 billion won ($19.5 million) on...
The American Chamber of Commerce in Korea said Wednesday that it has kicked off the Young Professionals Program to empower emerging leaders and strengthen Korea-US ties. Hosted and supported by AmCham, YPP provides young professionals in their 20s and 30s with networking opportunities with industr...
Vietnamese state lender MB Bank, also known as Military Commercial Joint Stock, will launch a mobile app for South Korean nationals living in the country in August, recognizing the growing Korean population in Vietnam and related business opportunities. “Only Korean banks in Vietnam offer special...
Korean companies should focus on boosting their "still-nascent" lobbying power by spending the time to understand policymakers' needs and by building a strong network regardless of the outcome of the upcoming US presidential election in November, according to legal and trade advisers from Lee & Ko,...
South Korea’s top tobacco maker KT&G on Monday released its 2023 business report, renewing its commitment to advancing its carbon neutrality goals and improving corporate governance. The report, an amalgam of its annual strategic reports and publications on activities tied to environmental, socia...
Kyobo Life Insurance CEO and Chairman Shin Chang-jae's ethical business practices received global recognition at the Geneve Entrepreneurship Forum on Thursday. The leading life insurer in South Korea said Monday that Shin was awarded the Global Ethics & Stakeholder Commitment Award at the annual e...
K bank eyes W5tr IPO to spur growth
Spike in KAIST dropouts as med school draws talent away
Manpower Korea sees robust growth in RPO service sales
Herald Business Forum envisions future with AI
Hanwha eyes another shipyard takeover in US
LS Electric forays into Vietnam’s smart factory solutions market