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The Korea Herald

Companies

November 17, 2024
[Herald Interview] There’s no wrong way to enjoy bourbon: Jefferson's founder

By collaborating with Seoul's renowned whiskey venues like Sound Planet, V-Lounge, Pussyfoot Saloon and 232, Jefferson has strategically positioned itself among bourbon enthusiasts. Jefferson’s approach to the Korean market involves pairing its bourbon with local culinary traditions, a concept Zo...
November 17, 2024
Kia scales back on EV9 in US amid tightened IRA rules

Hyundai Motor Group affiliate Kia is reportedly scaling back US production of its ambitious EV9, a large all-electric sport utility vehicle, due to stricter Inflation Reduction Act regulations. According to industry sources Sunday, Hyundai Motor Group’s manufacturing facility in Georgia, which be...
November 17, 2024
Daewoo E&C makes strides in Central Asia, global urban development

Leveraging its experience in the Starlake City project, Daewoo E&C has crafted an integrated development model for Kien Giang, blending residential, commercial, educational, green and cultural elements into a cohesive urban plan. Looking ahead, the company is exploring opportunities in Indonesia, I...
November 15, 2024
ZYX Technology inks partnership with Chonnam University to nurture tech talent

South Korean design software developer Zyx Technology announced Friday that it has signed a memorandum of understanding with Chonnam National University, aiming to foster tech talent and strengthen collaboration. Under the agreement, the company said it will provide academic support, including fre...
November 15, 2024
Hanjin eyes bigger footing in the US fulfillment services market

According to the company, exports of Korean cosmetic products to the US jumped 61 percent on-year in 2024, from $540.3 million to $870.3 million. Food exports also increased by 17 percent, from $630 million in 2023 to $736.8 million this year. "Fulfillment services are crucial in the US market, es...
November 15, 2024
Hyundai Motor appoints 1st foreign CEO

Hyundai Motor Group appointed Jose Munoz, global chief operating officer at Hyundai Motor Co., as the next CEO of the auto brand on Friday, marking the conglomerate’s first-ever appointment of a foreign leader. The appointment is to take effect on Jan. 1. Munoz, a native of Spain and a US citizen...
November 15, 2024
Hyundai donates EVs to support UN hunger relief with sustainable transport

Hyundai said the eight Ioniq 5 EVs will be deployed across WFP offices in Rome, Egypt, Panama, South Africa, the Philippines and Thailand, with two vehicles stationed in the United Arab Emirates. In Egypt, for example, the Ioniq 5 assigned to WFP’s regional headquarters in Cairo will help teams de...
November 15, 2024
Hanwha chief appointed to lead defense affiliate

Hanwha Group Chairman Kim Seung-youn has taken a top position at the conglomerate’s main defense affiliate, Hanwha Aerospace, to ramp up the firm’s global expansion. According to Hanwha Aerospace’s quarterly report released on Thursday, Kim has been appointed as the defense firm's chairman. Wit...
November 14, 2024
Upbit D Conference explores how to bridge crypto with real world

Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, hosted the Upbit D Conference on Thursday, discussing how blockchain technology can bring changes into the real world. This year’s event, in its seventh edition, was held under the title of "Blockchain: Powering Real Wor...
November 14, 2024
[Security Forum] Trump’s return mixed bag for Korean economy: trade experts

Trade specialists agreed that Donald Trump’s second term could be both a boon and bane for Korean businesses as they discussed the outlook for policy changes under the upcoming US president during The Korea Herald Security Forum held in Seoul on Wednesday. Over 200 foreign affairs and trade speci...
November 14, 2024
HD Hyundai vice chairman promoted in CEO reshuffle

HD Hyundai announced new nominees to head its affiliates on Thursday as the Korean shipbuilding conglomerate aims to cope with changes in the global business environment in the wake of the US presidential election. HD Hyundai Vice Chairman Chung Ki-sun has been promoted to the group’s executive v...
November 14, 2024
[KH Explains] For Korean automakers, Chinese EVs may loom larger than Tump’s tariffs

Donald Trump’s impending return to the White House has reignited fears of trade protectionism in the global auto industry. But the real question for automakers may not be about tariffs or changes to the Inflation Reduction Act. Trump’s stance on Chinese electric vehicles could have a greater impa...
November 14, 2024
Braun razor popular gift option for young men

P&G Korea on Thursday suggested Braun’s Series 7 razor as a thoughtful gift option for young men approaching adulthood, citing a recent survey that high school students who finished college entrance exams prefer practical gifts rather than traditional sweets. Designed to deliver a personalized sh...
November 14, 2024
LG Energy Solution to supply ESS for US Terra-Gen

LG Energy Solution has secured a contract to supply up to 8 gigawatt-hour energy storage systems to US renewable energy firm Terra-Gen, the Korean battery-maker announced Thursday. Under the deal, LG Energy Solution Vertech will deliver the ESS to Terra-Gen from 2026 to 2029. The Korean battery ma...
November 14, 2024
CJ's new cold chain logistics center opens in Georgia

CJ Logistics, South Korea’s largest logistics firm, announced Thursday that it has commenced operations of its new cold chain logistics center in Gainesville, Georgia. The facility spans 24,904 square meters, with 90 percent dedicated to cold chain logistics and the remaining 10 percent allocated...

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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