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The Korea Herald

Industrials

October 31, 2024
[Herald Interview] S. Korea sets example in forest conservation, says UN forest chief

Juliette Biao, director of the United Nations Forum on Forests Secretariat, describes South Korea’s forest policy as a global model of successful reforestation and sustainable forest management, achieved through a balance of scientific methods and community-based efforts. “Korea’s forest policy...
October 30, 2024
Sibling leadership made official at Shinsegae

South Korean retail giant Shinsegae Group on Wednesday announced a structural revamp dividing its flagship retail business into two companies E-Mart and Shinsegae Department Store, making official the sibling leadership of the founding family. Chung Yu-kyung, president and younger daughter of Chai...
October 30, 2024
LG Innotek develops industry's first rare earth-free magnet

LG Innotek said Wednesday it has developed a high-performance eco-friendly magnet that eliminates the use of heavy rare earth elements. Heavy rare earth elements have been critical for magnets to retain their strength at high temperatures. However, these elements are predominantly sourced from spe...
October 30, 2024
Busan adding longer-haul flights with Bali route to start Wednesday

Longer international flights are being added at Gimhae International Airport, starting with a new route to Bali, Indonesia, the Busan city government said Tuesday. Starting Wednesday, flights to Bali operated by Air Busan will take off four times a week from the Busan airport. This is the first r...
October 30, 2024
AmCham, KITA host seminar on doing business in US

The American Chamber of Commerce in Korea hosted a seminar on Tuesday in Seoul, partnering with the Korea International Trade Association to explore key business opportunities and challenges associated with expanding into the US market. Now in its sixth year, the annual seminar focused on providin...
October 29, 2024
Hanon Systems to build 1st electric compressor plant in North America

Hanon Systems, a Korean automotive thermal management supplier, announced plans to build a new manufacturing plant for electric compressors in Ontario, Canada, on Tuesday to cope with growing demand from global automakers. The new plant will mark the company’s first North American facility to pro...
October 29, 2024
Hankook Tire uses carbon black for sustainable production

Hankook Tire announced on Tuesday that it has incorporated three types of carbon black, a byproduct of the combustion of various petroleum products, into tire production as part of its efforts to create a circular economy. Last year, Hankook Tire launched the Tire-to-Tire Circular Economy Model co...
October 29, 2024
SK Inc. to boost shareholder returns in corporate value-up

SK Inc., the holding company of South Korea's SK Group, has unveiled a three-year corporate value-up plan that includes enhanced shareholder benefits. In a plan unveiled Tuesday, the company vowed an annual dividend of about 280 billion won ($202 million), maintaining a minimum payout of 5,000 won...
October 29, 2024
Innocean hosts 2024 Partners Day for shared growth

Innocean, a South Korean marketing agency affiliated with Hyundai Motor Group, held its annual Partners Day event Tuesday. The event, which brought together around 180 executives and employees from partner firms, provided a platform for open dialogue and strategic discussions on shared growth, acc...
October 29, 2024
Posco, JSW team up to build integrated steel facility in India

South Korean steelmaker Posco Group said Tuesday it plans to establish a comprehensive steel manufacturing facility in India in partnership with Indian steel giant JSW Group. The facility will incorporate core processes -- ironmaking, steelmaking and rolling -- aiming for an annual production capa...
October 28, 2024
After 3-year hiatus, JTI Korea reenters e-cigarette market

Designed with ergonomics and consumer choices in mind, the device will be available in slate gray, navy blue, black and silver. The customizable 10-color front panel and six back cover options allow users to personalize devices to suit their tastes. The Ploom X Advanced can be used with exclusive ...
October 28, 2024
Korea Zinc dispute to drag on without clear winner

The first round of the power struggle over the world’s largest zinc smelter, Korea Zinc, has wrapped up without a solid winner, the results of a tender offer launched by the company's management showed Monday. The dispute is expected to continue as both sides have failed to secure a majority stake...
October 28, 2024
[Exclusive] Thailand's No. 1 food delivery platform to set up R&D center in Korea

By Kim Hae-yeon ( hykim@heraldcorp.com )
October 28, 2024
LG Energy Solution to cut down investment next year

LG Energy Solution will tighten its belt next year to cope with uncertain market conditions due to the slowing growth of the electric vehicle sector, the Korean battery maker said Monday as it announced its third-quarter earnings. The company posted 6.88 trillion won ($4.97 billion) in sales in th...
October 28, 2024
Posco earns top marks for shared growth with SMEs

South Korean steel giant Posco Group said Monday that it has received the highest grade in the 2023 Shared Growth Index Evaluation for five consecutive years. Earlier this month, the 80th Korea Commission for Corporate Partnership released the win-win index for 218 large-sized companies. The index...

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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