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The Korea Herald

Deals

June 26, 2024
Parties rush to roll out competing chip bills with heftier incentives

Lawmakers of the ruling People Power Party also announced proposal bills for the chip industry, largely focused on offering direct subsidies to chipmakers. Rep. Koh Dong-jin of the ruling People Power Party, who was formerly president of Samsung Electronics, introduced his first proposal bill on J...
June 25, 2024
Kang Sue-jin's ballet meets public procurement in PPS' new promotional video

South Korea’s government procurement agency said Monday that it has unveiled the emotionally evocative promotional video titled “K-Public Procurement, The Next Stage,” starring the nation's famed ballerina Kang Sue-jin. The video, now available on the Public Procurement Service's official YouTu...
June 24, 2024
LS Cable to power NextStar battery plant in Canada

LS Cable & System, one of the world’s leading cable manufacturers, said Monday that it will provide high-capacity power distribution bus ducts for NextStar Energy’s new battery plant in the Canadian province of Ontario. NextStar Energy, a partnership between LG Energy Solution and Stellantis, is...
May 10, 2024
Naver Cloud, Philippines' Converge team up for DX innotation

Naver Cloud, the cloud computing arm of Korea's IT giant Naver, said Friday it has teamed up with Philippine fiber optic internet provider Converge ICT Solutions to speed up digital transformation in the Southeast Asian country. Under the deal, the two sides agreed to collaborate to discuss ways t...
April 24, 2024
Hyundai Mobis breaks ground for W170b Spain plant

Hyundai Mobis, the auto parts manufacturer under Hyundai Motor Group, said Wednesday it held a ground-breaking ceremony for its first factory in Western Europe, which will manufacture battery systems, particularly focusing on supplying the Volkswagen Group. The new factory in Navarre, Spain, will ...
April 24, 2024
KITA partners with German VC fund to bolster auto firms in Gwangju

The Korea International Trade Association is ramping up its efforts to support the overseas expansion of local mobility companies in the Gwangju area. On Tuesday, the state-run trade agency's regional headquarters for Gwangju and South Jeolla Province announced that it had signed a memorandum of u...
April 23, 2024
K-water, Kyrgyzstan forge renewable energy, climate ties

Korea Water Resources Corp. is intensifying its international outreach to jointly tackle the climate crisis and bolster the export of water management technologies. In line with this initiative, the state-run water management agency announced on Tuesday that it has entered into multiple agreements...
April 22, 2024
HD Korea Shipbuilding to help SMEs cut greenhouse gases

HD Korea Shipbuilding & Offshore Engineering said Sunday it has partnered with Korea East-West Power and the Korea SMEs and Startups Agency to launch a joint initiative to reduce greenhouse gas emissions in the shipbuilding industry. The collaboration, inked at the HD Hyundai Global R&D Center, su...
April 19, 2024
S-Oil donates W560m to support firefighters

S-Oil, one of major refineries in South Korea, made a donation of 560 million won ($405,000) on Friday to the Korea National Council On Social Welfare to support its ongoing program assisting firefighters and their families, the company said. The KNCSW, a charity organization under the Ministry of...
April 17, 2024
HD Hyundai signs W641b warship deal with Peru

“We will invest our cutting-edge technology and ample experience to modernize the Peruvian Navy and strengthen its combat capabilities,” said Joo. “We will ensure that the SIMA Shipyard, which has provided us an opportunity to cooperate with them on the opposite side of the world, will become H...
April 15, 2024
Hanlim, Kazakhstan partner on greenhouse gas reduction project

Hanlim Architecture Group said Saturday it was embarking on a joint collaboration with Kazakhstan's environmental group KMG and the city of Shymkent on a landfill greenhouse gas reduction project. The partnership went through a joint project agreement, which was marked by a visit to the landfill s...
April 15, 2024
KAI inks W1tr eVTOL parts supply deal with Brazil's Eve

By Park Se-ra ( serap1005@heraldcorp.com ) The Korea Herald
April 15, 2024
KAI inks deal with Brazilian aircraft firm to supply eVTOL components

Korea Aerospace Industries (KAI) said Monday it has signed a deal with Brazilian aircraft manufacturer Eve Air Mobility to supply a key component used in the production of electric vertical take-off and landing (eVTOL) vehicles. The contract is valued at over 1 trillion won ($722.9 million) and th...
April 11, 2024
HD Hyundai Heavy, GE Aerospace sign MOU for naval vessel development

South Korean shipbuilder HD Hyundai Heavy Industries said Thursday it has partnered with US industrial behemoth GE Aerospace for cooperation in winning overseas navy projects. HD Hyundai signed a memorandum of understanding with GE at Sea Air Space 2024, a global maritime exposition held in Washin...
April 08, 2024
Hyundai, Kia expand role in India’s EV localization

Hyundai Motor and Kia announced Monday that they have signed a strategic partnership with Exide Energy, a leading battery company in India, to speed up India’s transition into electric vehicles and expand the Korean automakers’ presence there. Under the partnership, Exide Energy will develop lit...

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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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