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LS Materials’ subsidiary HAIMK began construction of an aluminum parts plant for electric vehicles in Gumi, North Gyeongsang Province, on Wednesday. According to LS Materials, the plant will begin the mass production of battery cases with an annual capacity that can be used for 300,000 EVs in the...
SK Networks has chosen Affinity Equity Partners, a private equity fund headquartered in Hong Kong, as its preferred bidder for the sale of its ownership stake in SK Rent-a-Car, the nation's No. 2 rental car service company. SK Networks intends to divest all of its shares in an estimated deal worth...
LS Eco Energy, a subsidiary of LS Cable & System, announced Wednesday that it is supplying extra high voltage cables to Energinet, a Danish state-owned transmission system operator of electricity and natural gas, over the next three years in a deal worth $30.51 million deal. The contract follows a...
Hanwha Ocean, the world's third-largest shipbuilder by order backlog, said Wednesday it has clinched a 176.4 billion-won ($127 million) order to build a liquefied petroleum gas (LPG) carrier for a shipper based in the Americas. Hanwha Ocean will build the vessels at its shipyard in Geoje on the so...
South Korean shipbuilding giant HD Hyundai Heavy Industries said Wednesday that it has signed a deal with two Scottish economic development agencies on cooperation in the floating offshore wind sector. The memorandum of understanding calls for HD Hyundai Heavy Industries to share its knowhow on th...
Luxury fashion houses reported a slowdown in sales growth in Korea after years of upbeat sales that peaked during the COVID-19 pandemic, according to recent earnings reports. “Consumption of expensive luxury products soared over the past few years, particularly after the COVID-19 pandemic. But, l...
A Renault Korea spokesperson stated, “The lozenge emblem has continually evolved to symbolize the innovation and pursuit of excellence that defines Renault. It’s great to bring this updated symbol to Korea, where it will help communicate the modernity of our brand.” By Moon Joon-hyun ( mjh@her...
Doosan Robotics has teamed up with LG Electronics to test an automated electric vehicle charging system that uses its advanced collaborative robots to streamline the EV charging process. This system combines LG’s 100-kilowatt fast chargers with Doosan’s high-dexterity collaborative robotics tech...
South Korean chicken and burger chain Mom’s Touch announced Tuesday that it has entered into the Japanese fast-food restaurant market by opening its first direct store overseas in Shibuya, Tokyo. The new venue, which used to be the former site of McDonald's Japan for 39 years, spans approximately...
Engagement in global initiatives remains a top priority for ShinWon. Last November, ShinWon officially became a signatory to the UN Global Compact, pledging its commitment to corporate sustainability and social responsibility alongside more than 17,000 participants in over 160 countries. ShinWon C...
The state-run Korea Development Bank (KDB), the main creditor of Taeyoung Engineering & Construction, will likely conduct massive capital reduction and capital expansion in a way to support the troubled builder's debt restructuring, industry sources said Tuesday. According to the sources, KDB has ...
Ukrainian Ambassador to South Korea Dmytro Ponomarenko paid a visit to HD Hyundai Construction Equipment (HCE) to explore opportunities for collaboration in rebuilding Ukraine after the war, the Korean company said Tuesday. During his visit to HCE's global education center in Eumseong County, 84 k...
Greyd, a social commerce platform developed by Seoul-based software developer Arbaim, aims to secure a bigger footing in overseas markets as it offers an effective marketing tool for Korean sellers that is also entertaining to attract global customers. Short-form videos, typically defined as any v...
The fast-food chain Burger King unveiled the New Whopper, a revamped version of its signature item on Monday, one week after announcing the discontinuation of sales of the original Whopper. According to an announcement on the fast-food chain's Korean website Monday, the reinvention was focused on ...
BMW Group Korea said on Monday that in 2023, BMW Group’s global spending on parts sourced from Korean suppliers totaled approximately 6.53 trillion won ($4.72 billion), surpassing its own sales figures within the country for that year. The global group’s procurement from Korean suppliers increas...
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?
[Hello India] Hyundai Motor vows to boost 'clean mobility' in India