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HD Hyundai Heavy Industries and Norway's Philly Shipyard signed a memorandum of understanding to collaborate on manufacturing, maintaining, repairing, and overhauling vessels and ships ordered by the US government, the South Korean shipbuilder said Wednesday. The signing ceremony was held at Phill...
South Korean home appliance maker Coway has launched a new massage bed, the Berex Reclining Massage Bed, as part of product diversification aimed at the nation's soaring massage chair market. The new product is the first of its kind to incorporate an automatic upper-body reclining function, specif...
Korea Ginseng Corp., the leading manufacturer of ginseng products in the country, has launched a new promotional video featuring trot singer Lim Young-woong. Released on Wednesday, the video showcases a day in the life of Lim, from morning routines to exercise and singing practice. The video highl...
SK earthon, a South Korean oil exploration and production company, said Wednesday it has sold its entire stake in an oil block in Peru to a US company. SK earthon has wrapped up a deal to deliver its 20 percent stake in Peru LNG Co. to MidOcean Energy, the liquefied natural gas unit of US-based en...
Hyundai Mobis, South Korea's leading auto parts maker, said Wednesday it has started construction of an electric vehicle (EV) battery plant in Spain. The company said it held a groundbreaking ceremony for the envisioned 150,000-square-meter factory in Navarre, Spain, on Tuesday. Hyundai Mobis aims...
Hyundai Motor said Wednesday it has launched a new commercial electric delivery vehicle model with expanded functionality that can be tailored to various business services and solutions. The ST1 has been released in two variants -- the ST1 Cargo and ST1 Cargo Refrigerated -- and can be expanded in...
The chief executive officers of SK Group affiliates have agreed to ramp up efforts to bolster the conglomerate’s corporate value by swiftly carrying out rebalancing work to inspect and optimize businesses amid prolonged global management uncertainty. SK Group said Tuesday the latest decision came...
With the rising number of Korean restaurants abroad and the global appeal of Korean food, CJ CheilJedang's processed rice product is experiencing a surge in popularity across North America. CJ CheilJedang announced on Tuesday that sales of Bibigo Cooked Sticky White Rice amounted to 160 billion wo...
Posco Group announced Tuesday the completion of a manufacturing plant specifically designed to produce silicon battery materials, laying the groundwork for next-generation secondary battery materials venture. Its battery materials unit Posco Silicon Solution completed a silicon anode material plan...
Hollys, the coffee business unit of South Korea's KG Group, said Tuesday it will open its first overseas outlet in Japan next month as part of its expansion strategy. Hollys has set up a business entity in the neighboring country to open the outlet at the Marui Department Store in Namba, Osaka. H...
Posco Group Chairman Chang In-hwa on Monday announced seven major tasks that the steel giant will tackle in the years to come, from consolidating its leadership in steelmaking and battery materials to improving the governance structure. The new missions come after Chang was appointed as the group’...
By Moon Joon-hyun ( mjh@heraldcorp.com ) The Korea Herald
Hyundai Motor Group has inked a 147-megawatt power purchase agreement with Matrix Renewables, a Spanish renewable energy company, to power its electric vehicle plant currently under construction in the state of Georgia, the Korean auto conglomerate said Monday. According to Hyundai Motor, the deal...
The Posco 1% Foundation, founded in 2013, is funded by the donations of employees at South Korean steel giant Posco Group. Among the foundation's diverse charity projects is one aimed at supporting people with disabilities, particularly in career-seeking activities. According to a 2023 survey by ...
HD Hyundai Infracore, a construction equipment maker under Korean shipbuilding conglomerate HD Hyundai, will unveil its new fuel-cell electric wheel loader named the DL250-FCEV for the first time at the Intermat in France later this week, the company said Monday. The Intermat, one of the three big...
Korea’s top finance firms put aside W1.7tr for Hong Kong-tied ELS compensation
Samsung mobile chief, Google device head meet in Seoul
Posco Future M, Honda to launch battery materials venture in Canada
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
Experts raise concerns about Japan putting pressure on Naver over Line
SK hynix profits soar on AI chip boom