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At the 2023-2024 JungKwanJang Korean Basketball League Awards, Busan KCC's Heo Ung won the Pocari Sweat Popularity Award for the fifth consecutive time, Dong-A Otsuka said Tuesday. The league awards ceremony took place Monday at the Grand InterContinental Seoul Parnas in Gangnam-gu, southern Seoul...
Korean automotive, battery and semiconductor titans have been navigating their investments toward American shores, driven by incentives from the Inflation Reduction Act and the CHIPS and Science Act of 2022. Now, the Jones Act might beckon Korean shipbuilders to American waters. HD Hyundai Heavy I...
Hanwha Ocean, the world's third-largest shipbuilder by order backlog, said Tuesday it has bagged an order worth 1.24 trillion won ($919.6 million) to build four liquefied natural gas (LNG) carriers for an Asian shipper. Hanwha Ocean said it will build the vessels at its shipyard in Geoje on the so...
LG Energy Solution Ltd. (LGES), South Korea's leading battery maker, said Tuesday its joint venture with General Motors Co. began production at their second battery plant in the United States. The first round of battery cells produced at the plant have been delivered to GM for installation in the ...
The funeral for late Hyosung Group Chairman Emeritus Cho Suck-rai was held in Seoul on Tuesday as his grieving family and employees commemorated his legacy in the South Korean business community. Cho died of a chronic ailment Friday at age 89, seven years after he stepped down from the top managem...
Korea Ginseng Corp., the country's leading ginseng manufacturer, said Monday that it has appointed An Bin, the company's former global business chief, as its new CEO. “In order to transition into a global top-tier comprehensive health company, we must adopt a 'Global One Market' approach that com...
Korean Air hosted a surprise event at New York's John F. Kennedy International Airport on Friday, to celebrate the 45th anniversary of operating flights to the city, the nation’s largest air carrier said Monday. At the event, a round-trip prestige ticket from Incheon to New York was awarded to th...
Speaking on high interest rates, Bang noted the company's partnership with Woori Financial Capital signed in March will offer appealing installment plans for customers ranging from zero to 4 percent interest rates. Bang unveiled a plan to speed up the process of turning the automaker’s showrooms ...
South Korean food giant CJ CheilJedang said Monday it has started selling plant-based dumplings at grocery stores within US military bases in Korea. These Bibigo dumpling products come in three varieties -- original, japchae and kimchi -- all featuring the company’s special vegetable protein base...
Hanwha Ocean announced Monday that Philippe Levy, the former president of SBM Offshore Americas, will take the helm of its Offshore Business division. Levy brings 25 years of industry experience, notably with SBM Offshore, a Dutch-based oil and gas company. Additionally, he has served as an execu...
KG Mobility, formerly known as SsangYong Motor, said Monday its March sales fell 21.4 percent from a year earlier due to weakened domestic demand. KG Mobility sold 10,702 vehicles last month, compared with 13,619 units sold a year earlier, the company said in a statement. Domestic sales plunged 4...
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) said Monday it has received 612 billion won ($454 million) in orders to build four liquefied petroleum gas (LPG) ships and two product carriers (PCs) for shippers in the Oceania and Europe regions. HD KSOE obtained the LPG ship order in the Oc...
Hollys, the coffee business unit of South Korea's KG Group, said Monday it will open its first overseas outlet in Japan in the first half as part of its expansion strategy. Hollys plans to set up a business entity in the neighboring country to open the outlet at the Marui Department Store in Namba...
Lee and Cho Hyun-joon are close friends, both born in 1968 and studying together at Keio University in Japan. When Lee’s father Lee Kun-hee passed away in October 2020, Cho visited the funeral to pay respect for two days in a row. At the time, Cho recalled the late former Samsung chief as a "warm...
By Kan Hyeong-woo ( hwkan@heraldcorp.com ) The Korea Herald
Global X Canada debuts as Mirae Asset aims unified global ETF brand
Celltrion seeks bigger footing in South America
LG CNS enters steel scrap market
Inflation eases in April, continues ‘bumpy’ ride
Hyundai Rotem to export armored vehicles to Peru
Mercedes-Benz Financial names new Korea chief