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The Korea Herald

Industrials

December 04, 2024
Corporate Korea on edge after overnight martial law turmoil

Korea’s leading conglomeratesa are keeping close tabs on the aftermath of the country’s first martial law declaration since 1979 as they look to minimize potential damage from the political rift. According to industry officials on Wednesday, executives at Samsung affiliates gathered throughout t...
December 04, 2024
Smilegate makes strategic investment in Absurd Ventures

Crossfire and Lost Ark developer Smilegate said Wednesday that it had made a strategic investment in Absurd Ventures, a media and entertainment firm in the US, aiming to expand its presence in the global market. The size of the investment was not revealed immediately. Absurd Ventures was founded ...
December 04, 2024
Korea, Kyrgyzstan collaborate on forestry to combat climate change

The Korea Forest Service announced Wednesday it has signed a memorandum of understanding with the Kyrgyz Republic to enhance cooperation on forestry issues amid the growing impacts of climate change. Kyrgyzstan is grappling with deforestation and forest fires exacerbated by dry weather and overgra...
December 04, 2024
Seoul workers at global firms heave sigh of relief

Multinational companies doing business in Korea were thrown into confusion overnight as President Yoon Suk Yeol declared martial law, a drastic decision that was rescinded just six hours later. Most firms swiftly responded by issuing emergency notices, instructing employees to work remotely, while...
December 04, 2024
South Korea’s largest labor union launches indefinite strike, calls for president’s resignation

South Korea’s most powerful labor union, the Korean Confederation of Trade Unions, has declared an indefinite general strike, demanding the immediate resignation of President Yoon Suk Yeol. The announcement comes in response to Yoon's declaration of martial law late last night, a move the union h...
December 03, 2024
7 in 10 Korean firms say no investment plans next year

Seven out of 10 Korean conglomerates do not have or have not yet established investment plans for next year due to increasing uncertainty such as expanding geopolitical risks and heightened trade protectionism, a survey by a leading business lobbying group showed on Tuesday. The Federation of Kore...
December 03, 2024
LG Energy Solution mulls acquiring GM’s stake in joint battery plant in Michigan

LG Energy Solution announced Tuesday that it is considering acquiring General Motors’ stake in their joint venture battery plant in Michigan. “LG Energy Solution is reviewing the acquisition of the Ultium Cells plant 3 in Lansing to improve investment and operational efficiency and maximize oper...
December 03, 2024
Koramco, BGO join bidding for GIC's Seoul Finance Center

At least three asset management firms joined the race to purchase the Seoul Finance Center, a landmark office building in central Seoul, in a deal that could be worth up to 1.5 trillion won ($1.07 billion). Singaporean sovereign wealth fund GIC opened bids for the sale of the 30-story building wit...
December 03, 2024
Kolmar vows to support global growth of K-beauty brands

Kolmar Korea Vice Chairman Yoon Sang-hyun on Tuesday reaffirmed his company’s dedication to becoming a trusted global partner in the beauty market during a visit by the nation's food and drug safety chief to the company's research complex in Seoul. “We will continue to strengthen our partnership...
December 03, 2024
Luxury Christmas cakes stir mixed reactions over steep prices

By Hwang Joo-young ( flylikekite@heraldcorp.com )
December 03, 2024
AmCham hosts seminar on 'K-healthcare' strategies

The American Chamber of Commerce in Korea hosted a seminar in Seoul on Tuesday to discuss strategies for creating a patient-centered health care ecosystem and fostering medical innovation between Korea and the US. Now in its 15th year, the annual seminar brought together over 150 participants, inc...
December 02, 2024
Foster Bridge brings global startup accelerators to Seoul

Global players in startup investment and innovation gathered in Seoul on Monday to drive cross-border collaboration and nurture startups in Asia. The inaugural Foster Bridge summit -- co-hosted by Premier Plan, The Garrison, BOWL International and Sugarful Studio -- began its two-day run at Seoul ...
December 02, 2024
Samsung Biologics launches charity program to support children

Samsung Biologics has introduced a new charity program designed to assist children in need, in cooperation with neighboring restaurants and retail stores, as part of its ongoing efforts to enhance corporate social responsibility. According to the company, the launch ceremony took place Monday at t...
December 02, 2024
Hyundai Hillstate Deungchon starts sales of apartments

Hyundai Engineering & Construction said Monday it has recently opened a showroom for Hillstate Deungchon in Gangseo-gu, Seoul, to start the housing subscription process. Hillstate Deungchon features 12 15-story buildings with five basement floors, accommodating a total of 543 households. Of these,...
December 02, 2024
Weave Living to launch flagship serviced apartments in Seoul

Rental accommodation provider Weave Living said last Thursday it is launching its flagship property “Weave Suites – Sunyu Parkside” in Seoul to attract both locals and expats here with premium serviced apartments. Established in 2017, Weave Living currently operates about 3,000 rental units acr...

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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