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The Korea Herald

Companies

November 29, 2024
Global Youth Powerhouse Summit in HK explores innovation, economic growth

The Global Youth Powerhouse Summit 2004 brought together leaders, innovators and young professionals in Hong Kong to tackle pressing global challenges and create new momentum for economic growth and innovation. Under the theme “Empowering professionals for a Global Initiative: A Voice from Hong K...
November 28, 2024
Lotte heir assumes management role amid liquidity concerns

Shin Yoo-yeol, the eldest son of Lotte Group Chairman Shin Dong-bin, has been promoted to executive vice president of Lotte Corp., the group's holding unit, to oversee the retail giant’s global strategy and speed up its leadership succession plans. Lotte announced a management reshuffle on Thursd...
November 28, 2024
IBK to launch Korea's first banking subsidiary in Poland

The Industrial Bank of Korea is nearing the final steps to open a subsidiary in Poland next year. The state-run lender said Thursday that the Polish Financial Supervision Authority, or KNF, had authorized its application to set up a corporate entity, making it the first Korean bank to mark such a ...
November 28, 2024
S-Oil honors 8 firefighters for lifesaving efforts

South Korean oil refiner S-Oil hosted an awards ceremony in Seoul on Thursday to honor the contributions of eight “Hero Firefighters,” together with the Korea National Council on Social Welfare. At the 2024 Hero Firefighters Award Ceremony, a panel of firefighting experts named Fire Lt. Yoo Seun...
November 28, 2024
Samsung SDS names network specialist as new CEO

Samsung SDS, the South Korean IT solutions affiliate of Samsung Group, said Thursday that it has appointed Lee June-hee, corporate executive vice president of the Network Business Division at Samsung Electronics, as its new CEO. Lee is recognized as an expert in information technology. He has play...
November 28, 2024
[From the Scene] Hyundai Motor unveils lighter, wearable exoskeleton for heavy lifting

Factory workers often experience physical strain and injuries as they are exposed to overhead work, heavy lifting and other repetitive tasks. For instance, a Hyundai Motor plant worker on an assembly line has to lift their arms anywhere from 3,000 to 5,000 times a day. On Wednesday, Hyundai Motor ...
November 28, 2024
CJ CheilJedang debuts instant fried rice in US

Korean food giant CJ CheilJedang has launched its first instant fried rice product in the United States, the company said Thursday, as part of its efforts to meet rising global demand for Korean ready-to-eat meals. The new product, Bibigo Korean BBQ Fried Rice, is the company’s first in the shelf...
November 28, 2024
Mirae Asset sets up Indian brokerage with Sharekhan acquisition

South Korean brokerage Mirae Asset Securities announced on Thursday that it has completed the acquisition of Indian brokerage house Sharekhan Limited, marking a significant milestone in its Indian operations. It marks the first time a Korean company has acquired an Indian brokerage firm. Mirae Ass...
November 27, 2024
Hyosung Heavy Industries hits W10tr in circuit breaker production

Hyosung Heavy Industries said Wednesday that it has become the first in the domestic industry to surpass 10 trillion won (about $7 billion) cumulative production value for circuit breakers. The company held a ceremony Tuesday at its Changwon plant in South Gyeongsang Province to mark the achieveme...
November 27, 2024
HD Hyundai delivers next-generation Aegis destroyer to Korean Navy

HD Hyundai Heavy Industries announced Wednesday the delivery of Jeongjo the Great, an 8,200-metric-ton Aegis destroyer, during a ceremony at its headquarters in Ulsan, some 310 kilometers southeast of Seoul. Government representatives from seven countries, including Poland, Peru and the United Sta...
November 27, 2024
Hyundai Motor pledges $484m to ramp up output in Malaysia

Hyundai Motor has decided to invest $484 million in Malaysia to expand local production there as the Korean automaker looks to ramp up its presence in the burgeoning Southeast Asian market. According to Hyundai Motor on Wednesday, the automaker will make the investment over five years starting nex...
November 27, 2024
[From the Scene] Inside K-food-themed CU convenience store in Myeong-dong

By Hwang Joo-young ( flylikekite@heraldcorp.com )
November 26, 2024
[India Forum] Creating synergy with local development know-how

NEW DELHI, India -- Going beyond its home turf, Korean builder Daewoo Engineering & Construction is looking for further expansion in overseas markets and India’s residential property market presents a growth opportunity to achieve its goal. “Daewoo E&C expects our entry into the Indian real esta...
November 26, 2024
[India Forum] Kintex hopes to become growth platform in India

Lee was visiting India to attend the Korea Industry Expo 2024, known as KoINDEX 2024, which took place at Yashobhoomi. The three-day convention featured Korean companies in diverse industries, from healthcare, beauty, food and tech. Yashobhoomi is the first convention center operated by Kintex ove...
November 26, 2024
[India Forum] India's Haryana, Korean delegation look to bolster ties

HARYANA, India -- Daewoo Engineering & Construction Chairman Jung Won-ju, who doubles as chairman of Herald Media Group, expressed his hopes to establish India’s first Koreatown, the hub of Korean culture and commerce, in a meeting with high-profile Indian government officials. On Thursday, Jung ...

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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