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The Korea Herald

Companies

November 12, 2024
Toss Securities names new CEO for US subsidiary

Toss Securities said Tuesday it has named Richard Hagen, a digital finance veteran, as the new CEO of its US subsidiary, TSA Financial. Under Hagen’s leadership, the company said, TSA Financial will initiate the regulatory process to expand its presence in the US brokerage market. In August, Tos...
November 12, 2024
Hyundai to launch AI-powered EV in China next year

Hyundai Motor, in collaboration with Chinese partner Haomo, will launch its first Chinese-market-dedicated electric vehicle equipped with generative artificial intelligence technology next year. “We are working to load the software of Haomo, a local autonomous driving software firm, onto the EV, ...
November 12, 2024
KEF chief, Japanese ambassador vow to bolster economic ties

Member companies of the Korea Enterprises Federation met with Japanese Ambassador Koichi Mizushima on Tuesday to explore opportunities for deepening economic cooperation, as South Korea and Japan approach the 60th anniversary of normalized diplomatic relations next year. The business roundtable, h...
November 12, 2024
Boston Dynamics robot dog joins Trump’s security detail

Spot, the four-legged robotics dog developed by Boston Dynamics, a subsidiary under Hyundai Motor Group, has reportedly joined the security detail for US President-elect Donald Trump. The $75,000 mechanical canine, bearing a cautionary tag that reads “Do not pet,” was seen patrolling the grounds...
November 12, 2024
Hyundai’s Atlas robot takes the spotlight as Tesla's Optimus stumbles

In Boston Dynamics' recent video, the latest Atlas is shown autonomously sorting objects in a simulated factory setting. Using a new machine-learning-based vision model, the robot can recognize parts, determine the correct grip points, and place items in designated compartments. Atlas also demonstr...
November 12, 2024
[From the Scene] How BMW’s growing Korea parts hub gets repairs done faster than ever

By Moon Joon-hyun ( mjh@heraldcorp.com )
November 11, 2024
GS E&C wins $376m contract to build subway tunnel in Australia

South Korean construction giant GS Engineering and Construction announced Monday that it had won a $375.7 million contract to build a subway tunnel in Melbourne, Australia. Awarded by Victoria’s Suburban Rail Loop Authority, the contract is part of the broader Suburban Rail Loop project, which ai...
November 11, 2024
[Herald Interview] JobKorea’s KLiK brings jobs, community to growing foreign workforce in Korea

As Korea’s foreign workforce nears the 1 million mark, JobKorea, the nation’s leading online recruitment platform, has launched the spinoff KLiK, or Kickstart Life in Korea, to bring quality jobs and community to foreign national job seekers. Chris Heo, a 33-year-old Canadian national who leads ...
November 11, 2024
KT&G pledges to up shareholder returns

South Korea's top tobacco company KT&G unveiled a new program designed to enhance its corporate value, primarily focused on increasing shareholder returns, Monday. The program centers on improving profitability, optimizing asset efficiency and streamlining financial operations to reach a return-on...
November 11, 2024
Hyundai Motor plays down missed IRA incentives for Georgia plant

Hyundai Motor has missed out on the United States tax incentives for its new $7.6-billion manufacturing plant -- Hyundai Motor Group Metaplant America -- in Bryan County, Georgia, but said the credit did not affect its investment in the plant. According to industry sources Monday, Hyundai Motor di...
November 11, 2024
Young Poong's violations cast doubt on Korea Zinc bid

Young Poong, the world’s sixth-largest zinc smelter, has been ordered to close down its refinery facility for two months for discharging polluted wastewater without authorization, posing a possible setback in its attempt to take ownership control of Korea Zinc, its affiliate and the world’s large...
November 11, 2024
LG eyes footing in aerospace with possible SpaceX deal

LG Energy Solution has reportedly forged a deal with Elon Musk’s SpaceX to supply its cylindrical batteries, further strengthening its partnership with Tesla and advancing its footprint in the global aerospace sector. According to industry sources on Monday, the Korean battery maker began develop...
November 10, 2024
Korean shipbuilders upbeat on Trump’s call for collaboration

Korea’s leading shipbuilders -- Hanwha Ocean and HD Hyundai Heavy Industries -- have upped their efforts to forge deeper relations with the US Navy, as they look to score orders in the American warship market estimated at about 20 trillion won ($14.3 billion) per year. In August this year, Hanwha...
November 10, 2024
Chubby banana milk bottle eyes national heritage listing

For over half a century, yellow banana-flavored milk has held a special place in Korean culture, gracing supermarket shelves as a nostalgic favorite across generations. Now, its maker, Binggrae Co., aims to elevate the beloved drink’s status even further. The Korean dairy maker said Sunday that i...
November 10, 2024
Korean transformer export surge on clean energy, AI demand

The US and Saudi Arabia have been major buyers of Korean transformers this year. The US, which is upgrading its aging power grid, imported about $223 million worth of Korean transformers. This accounts for roughly a third of South Korea’s total transformer exports. Meanwhile, Saudi Arabia has been...

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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