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Korea’s two leading auto brands -- Hyundai Motor Company and Kia -- announced Wednesday that they developed the world’s first automatic press die system for all designs. Press dies are used to form a vehicle’s body parts such as the trunk, hood and fender. Depending on the part’s design, autom...
South Korean steel giant Posco Group announced Wednesday that Chairman Chang In-hwa has joined the executive committee of the World Steel Association. The World Steel Association, consisting of 155 members ranging from global steelmakers to research institutes, aims to enhance profitability in the...
London-based activist investor Palliser Capital is on its way to challenge South Korean chip-to-energy conglomerate SK Group, having secured a stake of over 1 percent in its investment arm SK Square. Having built a stake in SK Square over the past two years, the British activist fund is pushing fo...
LG Energy Solution has landed its biggest deal of the year, partnering with Ford to supply 109 gigawatt-hours of batteries for the automaker's electric commercial vehicles through 2032. Announced on Tuesday, this long-term agreement will see LG providing enough battery power for over a million ele...
Manpower Korea, the Korean unit of global human resources service company ManpowerGroup, said Tuesday that its recruitment process outsourcing, or RPO, service has seen robust growth since its debut 10 years ago. When the RPO service was first introduced in Korea in the early 2000s, they mainly se...
Other experts on AI also showcased how AI technology was used in emerging industry sectors including mobility and robotics. "The use of AI in the field of material development is essential. ... Material development typically takes a decade, and for key materials, it can take up to three decades, m...
Hanwha Group, South Korea’s defense-to-energy conglomerate, is looking to expand its shipbuilding and maritime businesses in the United States as it appears to be contemplating a second American shipyard acquisition. Mike Smith, who was appointed as the CEO of Hanwha Defense USA in August, a US s...
LS Electric forged a partnership with Becamex, an industrial development firm in Vietnam, in a bid to enter the booming smart factory solutions market. The companies signed a memorandum of understanding on Monday, outlining ways to advance smart factory businesses in Vietnam’s manufacturing secto...
The Korean bakery brand Paris Baguette has opened its 600th overseas store, the newest one in Toronto, Canada, just a year after celebrating its 500th store, the brand's company SPC Group announced Tuesday. This new location marks Paris Baguette’s seventh store in Canada. Paris Baguette has been...
Hyosung Group Chairman Cho Hyun-joon met with Vietnamese Prime Minister Pham Minh Chinh in Hanoi on Monday, seeking government support for the chemical, textile and construction conglomerate’s new business ventures in Vietnam. The meeting focused on Hyosung’s ongoing investments and potential ex...
Singapore-based activist fund Flashlight Capital Partners has offered to acquire Korea Ginseng Corp., an affiliate under South Korea's dominant tobacco company KT&G, at the price of nearly 2 trillion won ($1.47 billion). KT&G called it a “unilateral” offer. Korea Ginseng Corp., under the wings o...
South Korea should join the global movement to set safer international standards for autonomous driving systems, according to a report released by the state-run Korea Automotive Technology Institute on Monday. Cho Min-wook, senior researcher and author of the report, stated that the International ...
By Korea Herald
Though the tender offer bid for Korea Zinc lodged by the alliance of MBK Partners and Young Poong wrapped up on Monday, the power struggle over the world's largest zinc smelter is likely to evolve into a prolonged proxy fight, stretching out until the next shareholder's meeting. The offer for Kore...
The average price of bibimbap rose above 11,000 won ($8.10) in September, despite slowing inflation in food products in recent months, government data showed Monday. According to data from the Korea Consumer Agency, a bowl of bibimbap in Seoul cost 11,038 won on average in September, up slightly f...
[From the Scene] How robotics reflect shift in S. Korea's food industry
Kia logs record-high operating profit for 3Q
Shinhan Financial net profit up nearly 4% in Q3
Lulumedic explores digital health collaboration with Russia
Woori Financial’s cumulative Q3 earnings increases by 9.1% on-year
Hanwha Ocean strengthens partnership with US Navy