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Uncertain outlook Industry watchers say that the Boston Dynamics acquisition is a must-succeed mission for Hyundai Motor Group, not only because Chung’s own money has been invested in it but also because it was the first major takeover since he took the top leadership position of the auto conglom...
Korean shipyard conglomerate HD Korea Shipbuilding & Offshore Engineering said Sunday it has launched a new research and development facility dedicated to comprehensive testing of decarbonizing maritime technologies. The Marine Innovative Decarbonization R&D facility, located at the HD Hyundai Hea...
P&G Korea has brought out two new air fresheners designed for small spaces such as bathroom and wardrobes. Febreze Small Spaces air freshener is available in two types -- one is tailored for bathrooms and another for shoe cabinets and closets. The bathroom type is engineered to eliminate odors fro...
The Porsche executive highlighted that the new Panamera can deliver luxury experiences for customers because it can meet all kinds of needs, mentioning that it is a perfect fit for someone who needs a car for driving on a narrow mountain road at a fast speed one day and taking family members to a w...
Hur Young-in, the chairman of South Korean bakery giant SPC Group, was arrested on Friday for allegedly forcing workers to quit their labor union. The Seoul Central District Court on Friday issued an arrest warrant for the 74-year-old chairman on suspicion of violating the Trade Union Act, citing ...
Samsung Fire & Marine Insurance, the nation's leading non-life insurer, has ceased selling insurance products through bank channels, commonly known as "bancassurance." As of January, Samsung Fire & Marine Insurance has halted all new sales through banks, following a consistent decline in sales thr...
Kia on Friday unveiled a plan to invest 38 trillion won ($28.1 billion) through 2028 in an investor relations event held at Conrad Seoul, vowing to lead the global auto industry’s automation. According to the Korean automaker, 65 percent of the large-scale investment will be injected into automat...
Hanwha Aerospace, the defense arm of South Korea’s seventh-largest conglomerate Hanwha Group, said Friday it will segregate its non-military businesses into a newly established corporation, aiming to focus on its defense business operations. According to Hanwha Aerospace’s announcement Friday, H...
Kia, South Korea's second-biggest carmaker, said Friday it will invest 38 trillion won ($28 billion) in future mobility solutions by 2028, while strengthening its gasoline hybrid vehicle lineup amid slowing sales of electric vehicles. The planned investment over the next five years is revised up f...
LG Electronics said Friday its operating profit for the first quarter of this year fell more than 10 percent from a year earlier due to rising costs and intensifying competition. Its first-quarter operating profit came to 1.33 trillion won ($984.9 million), down 11 percent from 1.5 trillion won a ...
Hanwha Aerospace, a South Korean defense company, said Friday it will focus on the defense and aviation business after spinning off two affiliates by September. Hanwha Aerospace will spin off its two wholly owned units -- artificial intelligence solutions firm Hanwha Vision and semiconductors equi...
Electric vehicle sales in South Korea plunged 25 percent in the first quarter from a year earlier, while gasoline hybrid model sales jumped 46 percent during the same period, according to a market tracker Friday. From January to March, the country's EV registrations fell to 25,550 units from 34,18...
South Korean tech giant Samsung Electronics said Friday its operating profit for the first quarter is estimated to have shot up more than tenfold on rebounding demand for memory chips, beating market expectations. The world's biggest maker of memory chips expected a first-quarter operating profit ...
By Moon Joon-hyun ( mjh@heraldcorp.com ) The Korea Herald
CJ Foodville, the operator of bakery chain Tous Les Jours and a subsidiary of South Korean food giant CJ Group, achieved its highest-ever operating profit of 45.3 billion won ($33.6 million) last year. Some 60 percent of the profit stemmed from overseas ventures in key markets like the United State...
Celltion’s Zymfentra gets preference in top US formulary
Intel CEO to visit Seoul in June
Korean franchises eye Japan, riding high on K-food trend
[Herald Interview] Mom’s Touch seeks to replicate success in Japan
Hanwha Systems breaks ground on satellite center in Jeju
BNEF names Hyosung Heavy as top ESS supplier