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The Korea Herald

Industrials

December 19, 2024
Will Shinsegae chief meet Trump at Mar-a-Lago?

Shinsegae Group Chairman Chung Yong-jin met with Donald Trump Jr., the eldest son of US President-elect Donald Trump, at the Mar-a-Lago resort in Florida this week, according to the Korean retail giant on Thursday. The meeting prompted immediate speculations, as Trump’s transition team is conduct...
December 19, 2024
Buldak ramyeon maker to build first overseas factory in China

South Korean food manufacturer Samyang Foods is set to build its first overseas plant in China in a strategic move to bolster its global presence with its spicy Buldak ramyeon. In a regulatory filing Wednesday, the company unveiled plans for a 201.4 billion won ($139 million) manufacturing facilit...
December 19, 2024
Doosan Enerbility to supply SMR parts to US TerraPower

Doosan Enerbility said Thursday that it secured a key component supply contract with TerraPower, a US nuclear reactor startup established by Bill Gates, as it expands its global presence in the nuclear power sector. Under the contract, Doosan Enerbility will carry out a feasibility study and provi...
December 19, 2024
HD Hyundai chairman donates W200m to alma mater

HD Hyundai Chairman Kwon Oh-gap has donated 200 million won ($138,000) to his alma mater, Hankuk University of Foreign Studies, to enhance its educational facilities and support scholarships, the company said Thursday. Of the total donation, 150 million won will be allocated to introduce the lates...
December 19, 2024
KT&G’s global strategy paying off in Asia

KT&G, South Korea's largest tobacco company, is a leading export powerhouse, capturing a growing market share in East and Central Asia, with its conventional cigarette portfolio leading the charge. The firm’s overseas sales achieved an all-time high of 419 billion won ($291 million) in the third ...
December 19, 2024
KDI School professor ranked world's top 2% of social scientists

The KDI School of Public Policy and Management said Thursday that its public administration professor, Kim Soon-hee, has been ranked among the world’s top 2 percent of social scientists in the Elsevier-Stanford University list for the second consecutive year. Affiliated with the Korea Development...
December 18, 2024
KMI opens joint medical checkup center in Mongolia

Korea Medical Institute announced Wednesday that it has opened its first overseas medical check-up center, Family Medical Center with KMI, in Ulaanbaatar, Mongolia. Located at the E-Mart Bayangol branch, the facility is a joint project between KMI and Mongolia’s Family Medical Center, aiming to i...
December 18, 2024
Incheon Airport projects most ever travelers next year

Incheon International Airport Corp. announced Wednesday that passenger traffic and operational performance this year have rebounded to prepandemic levels, with the upcoming year projected to set highest-ever records for both international passenger numbers and total revenue. For next year, internat...
December 18, 2024
Hanwha Ocean's fixed platfrom achieves early oil production

Hanwha Ocean, a shipbuilding unit of Korea’s Hanwha Group, announced Wednesday that its offshore oil platform began to produce crude oil two weeks before the expected date in Qatar. The fixed platform first saw oil spring out on Sunday in the Al-Shaheen oil field, one of the world's biggest offsh...
December 18, 2024
Daewoo E&C's new CEO pledges to double net profit

Kim Bo-hyun, the new CEO of Daewoo Engineering & Construction, pledged to focus on maximizing profits and reducing risks amid uncertain economic conditions during his inauguration ceremony, the company said Wednesday. "We should come together to build a robust company amid the challenges faced by ...
December 18, 2024
Dongsuh enriches communities through music and literature

Korean food and beverage manufacturer Dongsuh Foods said Wednesday that it is expanding efforts to give back to local communities through cultural initiatives in music and literature. Since 2008, Dongsuh Foods has hosted the Dongsuh Coffee Classic, an annual free concert series aimed at fostering ...
December 18, 2024
Woori Bank’s Indonesian unit provides $200m funding for Posco

Korean lender Woori Bank announced Wednesday that its Indonesian subsidiary has signed a memorandum of understanding to provide financial support for PT Krakatau Posco, the Indonesian joint venture of Korea’s steel giant Posco. With plans to offer $200 million in funding, Bank Woori Saudara will ...
December 17, 2024
Innocean partners with Joopiter for Asian expansion

Innocean, a South Korean marketing communications agency under Hyundai Motor Group, announced Tuesday that it has signed a memorandum of understanding with Joopiter, the digital auction platform founded by musician and designer Pharrell Williams, to pursue new business opportunities and expand thei...
December 17, 2024
HD Hyundai 1% Nanum Foundation honors charity heroes

The HD Hyundai 1% Nanum Foundation held its annual HD Hyundai Honor Awards ceremony on Tuesday, recognizing “citizen heroes” who have selflessly supported those in need. This year’s grand prize was awarded to the Purme Foundation. Since 2005, Purme has been a driving force in supporting people ...
December 17, 2024
US approves $9.63b loan to SK On, Ford’s battery joint venture

BlueOval SK, a joint venture between SK On and Ford Motor Co., received approval from the US Department of Energy for a $9.63 billion loan Monday, securing funds to construct three battery manufacturing plants in the US. The loan is part of the government’s Advanced Technology Vehicles Manufactur...

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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
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