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The Korea Herald

Industrials

October 11, 2024
Aston Martin seeks bigger footing in Korean luxury car market

INCHEON -- Aston Martin, the ultraluxury British sports car brand known for its affinity with the James Bond franchise, plans to expand its presence in South Korea's booming high-end car market with a more proactive approach to marketing. “This year marks the 111th anniversary of Aston Martin, bu...
October 11, 2024
Korea Zinc goes all in to fend off takeover

The current management of Korea Zinc on Friday decided to up the ante to maintain control over the world’s largest zinc smelter, lifting the tender offer price to 890,000 won ($660) per share, higher than 830,000 won presented by the coalition of MBK Partners and Young Poong. While the current ma...
October 11, 2024
Hanwha zeroes in on arms exports to North America

Hanwha Aerospace is gearing up to showcase its latest land weapons systems at the US Army’s Annual Meeting & Exposition, known as AUSA, in Washington, as the Korean defense firm looks to score exports to the North American defense sector, the company said Friday. Hanwha Aerospace plans to display...
October 11, 2024
Merck opens new chip materials R&D center in Korea

German technology firm Merck said Thursday it has opened its latest spin-on-dielectric (SOD) application center in Anseong, Gyeonggi Province in a bid to respond quickly to its customer needs here. The company held the opening ceremony of the latest facility at the production site that same day. A...
October 10, 2024
Hyundai India to launch record $3.3 billion IPO on Oct. 22

Hyundai Motor India is about to make history with a massive $3.3 billion initial public offering set for Oct. 22. This will be the largest IPO in Indian stock market history, and Hyundai plans to use the funds to ramp up production in the country and accelerate its push into the electric vehicle m...
October 10, 2024
LS Cable & System wins global certification for legal, ethical compliance

LS Cable & System, a leading South Korean cable manufacturer, announced Thursday that it has become the first in the global cable industry to obtain ISO 37301 certification from the British Standards Institution for meeting international compliance and ethical standards. The company said it sought...
October 10, 2024
Hanwha Group marks 72nd anniversary as 'great challenger'

Hanwha Group Chairman Kim Seung-youn has reiterated the company's approach to overcoming crises as a “Great Challenger,” expressing the need to take more proactive and leading measures rather than waiting for market conditions to turn favorable. “Driven by unwavering beliefs that do not comprom...
October 10, 2024
LX Pantos expands logistics foothold in Central Asia

Korean logistics company LX Pantos announced Thursday that its CEO Lee Yong-ho met with Marat Karabaev, Kazakhstan’s minister of industry and infrastructure development, in Astana last month, to strengthen logistics networks across Central Asia. According to the company, the consultation centered...
October 10, 2024
HD Hyundai unveils world’s 1st high-pressure ammonia engine

HD Hyundai Heavy Industries, the world’s largest shipbuilder affiliated with HD Hyundai, said Thursday that it has developed the world’s first ammonia dual-fuel engine using a high-pressure direct injection system. The company recently passed the “type approval test” for its HiMSEN ammonia dua...
October 10, 2024
OCI Holdings boosts cross-cultural ties in Sarawak, Malaysia

South Korean chemical company OCI Holdings has ramped up its localization efforts in Malaysia, hosting a series of community-focused events in Sarawak, where it operates its solar PV polysilicon production, to boost its presence and support sustainable growth, the company announced Thursday. As pa...
October 10, 2024
Paris Baguette expands presence in Southeast Asia

SPC Group's bakery brand Paris Baguette has signed contracts to enter the markets of Thailand, Brunei and Laos, aiming to strengthen its presence in Southeast Asia. On Monday, Paris Baguette finalized a master franchising agreement with Berjaya Food, which has supported its expansion into Malaysia...
October 10, 2024
[Herald Interview] Innovation, people key to Korea's energy transition: ABB CCO

To this end, ABB underscores the vital role of digitalization as the first step in Korea's energy transition. According to Bomber, ABB's smart tools are designed to optimize energy usage and facilitate the integration of renewable sources. For example, their advanced energy management system, ABB A...
October 10, 2024
LS Group on smooth sail for double growth by 2030

LS Group, a South Korean cable and industrial electric machinery conglomerate, is looking to achieve the vision to double its total assets value to 50 trillion won ($37 billion) by 2030 as it welcomes more opportunities for its existing businesses in the era of artificial intelligence while investi...
October 08, 2024
AliExpress Korea chief questioned on product safety at Assembly audit

AliExpress Korea CEO Ray Zhang expressed the company’s commitment to enhancing product safety during a parliamentary audit, where he faced criticism from South Korean lawmakers for the platform’s failure to stop the sale of hazardous products despite previous pledges to do so. The audit, led by ...
October 08, 2024
US ambassador discusses battery supply chain at Posco Future M plant

Posco Future M CEO Yoo Byung-ok and US Ambassador to South Korea Philip Goldberg have discussed the importance of stabilizing supply chains as the Korean battery material and chemical producer struggles to cope with declining anode prices due to competition from China. According to Posco Future M ...

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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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