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The Korea Herald

Companies

December 09, 2024
Hanwha sets up financial AI center in San Francisco

The financial subsidiaries of Hanwha Group, South Korea’s seventh-largest conglomerate, have launched an artificial intelligence research center in San Francisco, the global hub for AI development. Hanwha AI Center, established by Hanwha Life in collaboration with Hanwha General Insurance and Han...
December 09, 2024
Korea, Indonesia strengthen partnership in general insurance

The general insurance industries of South Korea and Indonesia are deepening their partnership. The General Insurance Association of Korea announced on Monday that it recently signed a memorandum of understanding with the General Insurance Association of Indonesia to strengthen exchanges and collab...
December 09, 2024
Chinese battery makers gobble up Korean shares

The competitiveness of Korean battery makers -- LG Energy Solution, Samsung SDI and SK On -- continues to be threatened by the seemingly unceasing growth of Chinese rivals, a global electric vehicle battery usage report showed Monday. According to SNE Research’s analysis, the three Korean battery...
December 09, 2024
Global talent market expands as professionals eyes abroad

Global job mobility has emerged as a dominant trend in 2024, with an increasing number of professionals here seeking career opportunities abroad, data found Monday. According to data released by the professional search division of Manpower Korea, the local unit of global HR firm ManpowerGroup, glo...
December 09, 2024
Krafton launches tech lab to nurture programming talent

Krafton, the South Korean gaming giant behind the popular title PUBG: Battlegrounds, announced Monday the launch of the Krafton Jungle Game Tech Lab, aimed at fostering game programmers as part of its corporate social responsibility efforts. The Game Tech Lab’s curriculum will emphasize key value...
December 08, 2024
1 in 4 Hyundai-Kia cars now sold in US

Hyundai Motor Group said Sunday that its US sales have reached the highest level in 36 years, with one in four of its cars sold globally being purchased in the all-important market. From January to November, Hyundai Motor and Kia sold a combined 1.55 million vehicles in the US, accounting for 23.3...
December 08, 2024
Yoon's signature industrial policies at risk

Officials at the Korea National Oil Corporation, which oversees the Donghae project, are concerned. “Internally, there’s growing fear that this project could be canceled (if the president is impeached),” a KNOC insider said. Trade policies in limbo The latest political crisis couldn’t come a...
December 08, 2024
Affinity Equity to acquire rental car business from Lotte in W1.6tr deal

South Korean retail giant Lotte Group said Friday that it has picked Affinity Equity Partners, the Hong Kong-based private equity firm, as the preferred bidder to acquire its rental car business, Lotte Rental, in a 1.6 trillion won ($1.12 billion) deal. The deal involves a combined 56.2 percent st...
December 08, 2024
Genesis to debut high-performance GV60 Magma in Middle East next year

Bespoke customization expands Genesis also plans to expand its One of One customization program, which allows customers to create highly personalized vehicles. Already available in select Middle Eastern markets, the program has proven popular, but its rollout in South Korea will depend on market d...
December 06, 2024
Korean Air wins Global Traveler Award for best inflight service

Korean Air announced on Friday that it has earned the prestigious Best Airline Onboard Service title at the Global Traveler 2024 GT Tested Reader Survey Awards. The airline's Skypass loyalty program also received recognition, winning the Best Frequent-Flyer Award Redemption category. Additionally,...
December 06, 2024
HDC Group appoints financial experts as new leaders

South Korean construction giant HDC Group on Friday named Jung Kyung-koo, CEO of HDC, the group’s holding unit, as the new CEO of its flagship construction unit HDC Hyundai Development Company in its year-end leadership reshuffle. Jung, 59, is a financial specialist who majored in law at Seoul Na...
December 06, 2024
LG Energy Solution, GM celebrate 100 millionth EV battery cell from Ohio plant

LG Energy Solution and General Motors celebrated a major milestone on Friday as their joint venture, Ultium Cells, produced its 100 millionth electric vehicle battery cell at Plant 1 in Warren, Ohio. The milestone also coincided with the fifth anniversary of Ultium Cells, which was launched on Dec...
December 06, 2024
Agriculture minister apologizes for attending Yoon’s Cabinet meeting for martial law declaration

Minister of Agriculture, Food and Rural Affairs Song Mi-ryeong on Friday expressed deep regret over her attending a Cabinet meeting convened by President Yoon Suk Yeol Tuesday night to discuss martial law declaration. “If I had known about the agenda, I wouldn’t have attended the meeting. I feel...
December 06, 2024
Samsung C&T, Sweden’s Karnefull Next join hands to develop SMRs for data centers

Samsung C&T said Friday that it has signed a memorandum of understanding with Swedish small modular reactor developer Karnfull Next as part of efforts to advance its SMR business in Europe. A signing ceremony was held in Seoul on Thursday, attended by Karnfull Next CEO Christian Sjolander, South K...
December 06, 2024
LG CNS eyes Kospi debut in February

South Korean IT solutions provider LG CNS said Friday it has submitted a prospectus to the financial authorities to officially begin the public offering process, aiming for a listing on the country’s main bourse Kospi in February. The company plans to issue 19.38 million shares in the upcoming IP...

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EDITOR'S PICKS

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
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099