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By Hwang Joo-young ( flylikekite@heraldcorp.com )
Close competition is predicted among the four domestic low-cost carriers vying for the acquisition of Asiana Airlines' cargo division, with Air Premia and Air Incheon emerging as the prime contenders, according to industry sources on Thursday. Financial services firm UBS, which is overseeing the s...
Korean petrochemicals firms are downsizing their businesses as they are grappling with lower demand and higher supply of products from China, according to industry sources Thursday. Lotte Chemical, South Korea’s leading petrochemicals company, has reportedly embarked on the process of selling its...
Hyundai Engineering & Construction announced Wednesday that the company signed business agreements with US energy equipment supplier Holtec International, and with UK construction firms Balfour Beatty and Mott MacDonald, in a bid to join the UK government’s small modular reactor project. The UK g...
South Korean shipbuilding giant HD Hyundai Heavy Industries said Thursday it has opened an office in the Philippines in an effort to tap deeper into Southeast Asia's growing warship market. HD Hyundai Heavy, a unit of HD Korea Shipbuilding & Offshore Engineering, said it held an opening ceremony f...
Hyundai Motor, BMW Korea and two other carmakers will recall nearly 70,000 vehicles due to faulty components, the transport ministry said Thursday. The four companies, including Kia and Stellantis Korea, are voluntarily recalling a total of 69,044 units of 43 different models, the Ministry of Land...
South Korean semiconductor powerhouse SK hynix has won a non-compete injunction against a former researcher who left to work for its US chipmaking rival Micron Technology, sources said Thursday, amid an intensifying race for cutting-edge artificial intelligence (AI) chips. Last month, a Seoul cour...
Kim indicated a phased approach to collaboration with Chinese entities and stressed the necessity to promptly finalize agreements concerning the IRA and the Advanced Manufacturing Production Credit. Kim echoed the sentiments of chairman-nominee Chang In-hwa regarding the company's unwavering commi...
The global transition to net zero will be a boon for companies in renewable energy and secondary batteries, while supply chain restructuring will challenge Korean chipmakers, according to data analysis released Wednesday by the Korea Chamber of Commerce and Industry. The business group released a ...
Korean food manufacturer Samyang Foods on Wednesday held a groundbreaking ceremony for its new plant in Milyang, South Gyeongsang Province, as the company aims to capitalize on the growing global popularity of its spicy ramyeon brand, the Buldak series, especially in the US market. The new plant, ...
Korean beverage maker Dong-A Otsuka on Tuesday announced its “zero plastic” goal, renewing its commitment to sustainable management on the company's 45th anniversary. Under the new goal, the company aims to increase the use of sustainable plastic by 50 percent by 2030 and complete a 100 percent ...
KT&G, South Korea's dominant cigarette maker, is expected to face a fierce battle to appoint its new chief executive at an upcoming shareholder meeting, as an activist fund is seen lining up with the company's largest shareholder, observers said Wednesday. Appointing a new chief executive, which w...
Hyundai Motor and Kia, South Korea's leading automakers, said Wednesday they showcased the latest technologies involving their electric vehicles (EV) at the annual EV Trend Korea exhibition held in Seoul. The annual trade show, now in its seventh year, is hosted by the Ministry of Environment to p...
The dispute between South Korea’s two major shipbuilders -- Hanwha Ocean and HD Hyundai Heavy Industries, housed under Hanwha Ocean and HD Hyundai Heavy Industries, respectively -- is escalating, with Hanwha taking legal action. Hanwha Ocean on Monday filed a complaint with the National Office of...
South Korean travel platform operator Yanolja is making a big push in cloud services, as it seeks to transform itself into a global tech solutions provider. As the company accelerates the expansion of its overseas solutions business, market watchers and investors are paying keen attention to whethe...
Posco Future M named in Fortune's top 30 Asian innovators
SKT marks 40th anniversary with new emblem
Audi Korea names new head, seeks business turnaround
FSS chief vows to boost Korea's attractiveness to investors
First female CEO takes helm at Kakao
Korea misses out on global bond index boost