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Korea's fried chicken franchise BBQ Chicken has opened a BBQ Smart Kitchen store specializing in delivery orders and takeout services in Vietnam, marking its Southeast Asian debut to tap into the rapidly growing delivery market. Genesis BBQ announced Friday the recent opening of its BBQ Gardenia b...
Coupang Fulfillment Service, a subsidiary of e-commerce giant Coupang, announced on Thursday that it is has taken legal action against a lawyer who has claimed that the company blacklisted over 16,000 former and current employees, as well as individuals associated with Coupang, purportedly to preve...
Kakao said Thursday it logged all-time high annual sales in 2023 due to increased profitability from its mobile messenger, KakaoTalk. The IT giant reported 8.11 trillion won ($6.08 billion) in sales last year, up 14.1 percent from a year earlier. It marks the first time for the company surpassing ...
The South Korean government is carrying out a strategy to boost the price competitiveness of electric vehicles from domestic automakers with a revised EV subsidy policy for this year. It is seen as a response to aggressive pricing strategies of Chinese automakers and models equipped with Chinese b...
S-Oil has called for continued incentives from the South Korean government to vitalize large-scale projects and investments in the new energy sector. “Expanding incentive supports such as extending the tax credit period for investment in large scale projects that take place over a long period of ...
Toss Securities saw its first profitable year since it started service three years ago by logging 1.53 billion won ($1.15 million) in net profit last year, it said on Thursday. Sales rose by 58 percent on year to 202 billion won in the same period, with the operating loss narrowed by 31.3 billion ...
Executives of financial companies will be held accountable for misconduct within their assigned areas of responsibility starting in July. The Financial Services Commission announced guidelines on Tuesday for the new "responsibilities map" system, requiring financial institutes to detail responsibi...
The European Union's antitrust regulator on Tuesday granted conditional approval for the merger of Korean Air with its smaller domestic rival Asiana Airlines, leaving only the last approval from the US pending among the 14 relevant authorities. The announcement comes after the nation’s largest ai...
By Kan Hyeong-woo ( hwkan@heraldcorp.com )
SK Group Chairman Chey Tae-won is expected to travel to Germany next week, joining an economic delegation as the head of the Korea Chamber of Commerce and Industry, according to industry sources, Tuesday. Chey will be traveling to Berlin on Feb. 19 to take part in various business forums and gathe...
The European Union's antitrust regulator granted conditional approval for the merger of Korean Air with its smaller domestic rival Asiana Airlines on Tuesday, leaving only approval from the US pending among the 14 relevant authorities, according to Korean Air. The approval comes after the nation’...
US tech giant Apple saw its domestic market share exceed 25 percent for the first time in 2023, slightly narrowing the gap with its archrival Samsung Electronics, despite the global economic downturn and decreased demand, a report showed Tuesday. Apple’s share rose 3 percentage points on-year to ...
The local mobile payments market continued its relentless expansion last year, swelling by a whopping 17 trillion won ($12.72 billion) on year. The total amount of mobile payments made through four major companies providing the service locally -- Samsung Pay, Naver Pay, Kakao Pay and NHN Payco -- ...
HD Hyundai will develop a commercial large liquefied hydrogen carrier by 2030 in accordance with the hydrogen value chain cooperation with global leaders in the sector, the South Korean shipbuilding conglomerate said Wednesday. According to the announcement, HD Hyundai’s shipbuilding holdings com...
Renault Korea Motors, the South Korean unit of French automotive giant Renault Group, said Tuesday it has appointed Regis Brignon, a software and electrical systems specialist, to lead the development of its software-defined vehicles, or next-generation smart vehicles, for the Korean market. Start...
LG Chem eyes new leap into top science company
Korea enters clear growth path as Q1 growth hits 2-year high
Hyundai, Kia seek to boost presence in China market
7 out of 10 wealthy Koreans offer grim outlook for 2024
[KH Explains] Korean shipbuilding stocks rally: Real growth or bubble?
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