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The Korea Herald

Industrials

December 17, 2024
Hanwha Aerospace delivers more military assets to Norway

Hanwha Aerospace announced Tuesday that it shipped a fresh batch of four K9 self-propelled howitzers and eight K10 ammunition resupply vehicles to Norway. The shipment is part of a 2022 contract agreed to supply additional K9 and K10 systems, following the successful implementation of the first co...
December 17, 2024
LX Hausys listed on DJSI Korea for 10th straight year

South Korean building materials company LX Hausys has been included in the Dow Jones Sustainability Indices Korea for the 10th consecutive year, the company announced Tuesday, making it the only Korean interior company to earn this recognition. The DJSI, managed by global financial information pro...
December 17, 2024
Get ready for aggressive US trade policy: ex-Trump adviser

Experts at the seminar, including lawyers from South Korea’s top five law firms, outlined potential shifts in US trade policies. They predicted adjustments to key legislation such as the Inflation Reduction Act and the CHIPS and Science Act. Park Jung-hyun, a partner at Lee & Ko, said the Trump a...
December 16, 2024
LS Materials to expand EV, green energy solutions

LS Materials, a South Korean energy storage device manufacturer, said Monday it is ramping up efforts to develop solutions for renewable energy, data centers and electric vehicles as demand for clean energy and sustainable technology grows. The company recently introduced LS UltraGrid, a rack-type...
December 16, 2024
Overvalued Korea Zinc may tie MBK Partners up in knots

MBK Partners, a private equity firm seeking to acquire Korea Zinc, the world's largest zinc smelter, has come under criticism for excessive betting to hoist its stake in the zinc producer, which could put its investors at risk. MBK, in partnership with Young Poong, Korea Zinc's largest shareholder...
December 16, 2024
Hanjin chief vows to spur growth as global aviation giant

Hanjin Group Chairman and CEO Walter Cho pledged to "raise the global profile of Korean aviation" in his very first address to employees of both Korean Air and Asiana Airlines, following Thursday's official acquisition of Asiana Airlines as its subsidiary. In Monday's message which began with, "De...
December 16, 2024
JobKorea’s Klik hosts networking event for foreign job seekers

JobKorea's Klik, a job search service for foreigners, hosted a networking event in Seoul on Thursday. Some 300 participants from 60 countries joined the event to share information about job opportunities and daily life. Recruiters from domestic companies were also present to connect with attendees...
December 16, 2024
After impeachment vote, companies shift to tackling Trump-era challenges

South Korea’s parliament voted to impeach President Yoon Suk Yeol on Saturday, marking the culmination of over a week of intense political turmoil following Yoon’s botched attempt to impose martial law on Dec. 3. While the impeachment awaits a final ruling by the Constitutional Court, observers ...
December 16, 2024
'Bigger concern lies in Korea’s ties with US, China'

From the shocking declaration of martial law to Saturday's impeachment of President Yoon Suk Yeol, foreign companies doing business in Korea have been cautiously monitoring the unfolding political crisis over the past two weeks. Their primary concern, however, is not the domestic turmoil itself, b...
December 13, 2024
IMM Consortium completes acquisition of Ecobit for W2.07t

IMM Private Equity and IMM Investment Consortium announced Friday the completion of their acquisition of Ecobit, South Korea’s largest waste management company, as part of their strategy to lead the sustainable waste management industry. The 2.07 trillion won ($1.4 billion) deal was finalized in ...
December 13, 2024
Mastern sells Center Point Gangnam to F&F for W351.9b

Mastern Investment Management, a South Korean real estate investment firm, announced Friday that it has finalized the sale of Center Point Gangnam, a newly built office tower near Gangnam Station in Seoul, to local fashion giant F&F for 351.9 billion won ($246 million). Center Point Gangnam featur...
December 13, 2024
Two Korean business leaders make Forbes list of 'most powerful women'

Forbes highlighted Lee's role as CEO of Hotel Shilla, a leading hotel and duty-free company, and noted her estimated personal wealth of $2.4 billion. Forbes noted that Lee is often called "little Kun-hee" by the local press for her business acumen, as the eldest daughter of the late Samsung Chairm...
December 13, 2024
Hana Financial taps veteran salesman as new banking CEO

Hana Financial Group on Thursday named Lee Ho-seoung, CEO of its card unit, as the final candidate to lead Hana Bank in a major leadership reshuffle at its subsidiaries. The group announced that its CEO recommendation committee had finalized candidates for top posts at three key subsidiaries -- Ha...
December 13, 2024
Posco Future M secures manufacturing tech for graphite electrodes

Posco Future M, the materials unit of Posco Group, said Thursday it has completed production technology for graphite electrodes, which are an essential material in steelmaking that Korea has solely relied on imports for so far. The carbon-based electrodes are used in melting metal scraps or refini...
December 12, 2024
Diverging exec shakeups: Samsung backs veterans; Hyundai rings changes

Year-end executive reshuffles often serve as a barometer of a company’s present challenges and future ambitions. This year, Samsung Electronics and Hyundai Motor Group, two of South Korea's leading chaebol, unveiled contrasting leadership strategies to navigate the challenges of 2025. Observers n...

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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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