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The Korea Herald

Companies

November 13, 2024
BYD to enter Korean passenger car market early next year

BYD will officially enter the Korean passenger vehicle market early next year, the Chinese electric vehicle maker's Korean office announced Wednesday. The announcement came after months of speculation over when BYD would launch its passenger EVs in the Korean market. BYD Korea already entered the ...
November 13, 2024
AmCham CEO Servers’ Night sets fundraising record

The American Chamber of Commerce in Korea announced Wednesday that it has hosted the 17th fundraising event for student scholarships together with its charity arm, Partners for the Future Foundation. The AmCham CEO Servers’ Night was held at the Conrad Seoul Hotel, bringing together 35 CEOs and C...
November 13, 2024
Hyundai Glovis to build massive logistics center in Busan

The company is also building a five-story logistics center at Incheon Airport, slated to open in 2025. Spanning 44,420 square meters, the Incheon center will feature an automated sorting system and its own customs clearance facilities to support Hyundai Glovis’ growing e-commerce logistics busines...
November 13, 2024
Kolmar wins trade secret case against Intercos

South Korea’s leading cosmetics original design manufacturer Kolmar Korea said Wednesday it recently won a lawsuit against Intercos Korea, the Korean subsidiary of Italian cosmetic firm Intercos that was accused of transferring trade secrets of Kolmar’s sun care technology. On Oct. 18, the Suwon...
November 13, 2024
Amorepacific unveils bold growth goals

South Korean cosmetics giant Amorepacific has unveiled its new global business strategy, aiming to strengthen its position as a leader in the beauty industry amid the rising influence of Korean culture. At its 2024 Investor Day event in Seoul on Tuesday, CEO Kim Seung-hwan and North America region...
November 12, 2024
Trump’s return: Boon or bane for K-food?

After years of record exports, especially to the US, Korea’s food industry is now keen to gauge the impact of Donald Trump’s second presidency. The outspoken leader declared during this campaign that he could impose blanket tariffs of 10 to 20 percent on all US imports, raising concerns for Kore...
November 12, 2024
Toss Securities names new CEO for US subsidiary

Toss Securities said Tuesday it has named Richard Hagen, a digital finance veteran, as the new CEO of its US subsidiary, TSA Financial. Under Hagen’s leadership, the company said, TSA Financial will initiate the regulatory process to expand its presence in the US brokerage market. In August, Tos...
November 12, 2024
Hyundai to launch AI-powered EV in China next year

Hyundai Motor, in collaboration with Chinese partner Haomo, will launch its first Chinese-market-dedicated electric vehicle equipped with generative artificial intelligence technology next year. “We are working to load the software of Haomo, a local autonomous driving software firm, onto the EV, ...
November 12, 2024
KEF chief, Japanese ambassador vow to bolster economic ties

Member companies of the Korea Enterprises Federation met with Japanese Ambassador Koichi Mizushima on Tuesday to explore opportunities for deepening economic cooperation, as South Korea and Japan approach the 60th anniversary of normalized diplomatic relations next year. The business roundtable, h...
November 12, 2024
Boston Dynamics robot dog joins Trump’s security detail

Spot, the four-legged robotics dog developed by Boston Dynamics, a subsidiary under Hyundai Motor Group, has reportedly joined the security detail for US President-elect Donald Trump. The $75,000 mechanical canine, bearing a cautionary tag that reads “Do not pet,” was seen patrolling the grounds...
November 12, 2024
Hyundai’s Atlas robot takes the spotlight as Tesla's Optimus stumbles

In Boston Dynamics' recent video, the latest Atlas is shown autonomously sorting objects in a simulated factory setting. Using a new machine-learning-based vision model, the robot can recognize parts, determine the correct grip points, and place items in designated compartments. Atlas also demonstr...
November 12, 2024
[From the Scene] How BMW’s growing Korea parts hub gets repairs done faster than ever

By Moon Joon-hyun ( mjh@heraldcorp.com )
November 11, 2024
GS E&C wins $376m contract to build subway tunnel in Australia

South Korean construction giant GS Engineering and Construction announced Monday that it had won a $375.7 million contract to build a subway tunnel in Melbourne, Australia. Awarded by Victoria’s Suburban Rail Loop Authority, the contract is part of the broader Suburban Rail Loop project, which ai...
November 11, 2024
[Herald Interview] JobKorea’s KLiK brings jobs, community to growing foreign workforce in Korea

As Korea’s foreign workforce nears the 1 million mark, JobKorea, the nation’s leading online recruitment platform, has launched the spinoff KLiK, or Kickstart Life in Korea, to bring quality jobs and community to foreign national job seekers. Chris Heo, a 33-year-old Canadian national who leads ...
November 11, 2024
KT&G pledges to up shareholder returns

South Korea's top tobacco company KT&G unveiled a new program designed to enhance its corporate value, primarily focused on increasing shareholder returns, Monday. The program centers on improving profitability, optimizing asset efficiency and streamlining financial operations to reach a return-on...

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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