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The Korea Herald

Industrials

December 02, 2024
Hyundai Rotem wins $60m defense contract in Peru

South Korea's sole tank maker Hyundai Rotem said Monday that it has delivered its K808 White Tiger wheeled armored personnel carriers to Peru in a $60 million deal, marking the entrance of Korea-made armored vehicles into the Latin American market. The contract was commissioned by the Peruvian Arm...
December 01, 2024
FSS chief intensifies probe into Young Poong for accounting flaws

South Korea’s top financial regulator is intensifying its investigation into Young Poong amid growing concerns over the company’s environmental violations and potential improper collusion with private equity firm MBK Partners, as tensions rise in its continuing dispute with Korea Zinc. Lee Bok-h...
December 01, 2024
Korea’s advanced nuclear technologies to take center stage at NES 2024

In aims to showcase South Korea's advanced nuclear power technologies and their potential to address global energy and climate challenges, the Global Nuclear Energy & Safety Confex 2024 will take place from Tuesday to Thursday at the Gyeongju Hwabaek International Convention Center in Gyeongju, Nor...
November 29, 2024
Morocco promises robust incentives for Korean businesses

By Hwang Joo-young ( flylikekite@heraldcorp.com )
November 29, 2024
Posco Group builds 2nd lithium hydroxide plant in Korea

South Korean steel giant Posco Group said Friday it has completed the construction of the second lithium hydroxide plant in Korea, which will drive up domestic production of this key material used in secondary batteries. The new facility, operated by Posco Pilbara Lithium Solutions, a joint ventur...
November 29, 2024
Incheon Airport completes expansion to handle 100m passengers annually

Incheon International Airport has completed the fourth-phase facility expansion, establishing itself as a megahub airport capable of accommodating over 100 million passengers annually. The Ministry of Land, Infrastructure and Transport and Incheon International Airport Corporation hosted a grand o...
November 29, 2024
Nexon partly loses MapleStory loot box lawsuit

The Supreme Court has ruled in favor of a gamer who filed a lawsuit against Korean game developer Nexon for deceptively promoting the percentage of a loot box item in MapleStory, the mega-hit online game. The nation’s top court confirmed Thursday the appeals court ruling that ordered Nexon to giv...
November 29, 2024
Hanwha Ocean forges partnership with UK’s Babcock International

Hanwha Ocean has forged a strategic partnership agreement with Babcock International, a London-based defense company, aiming to expand its footing in the global shipbuilding market. Hanwha Ocean CEO and President Kim Hee-cheol, Babcock International CEO David Lockwood and other executives, includi...
November 29, 2024
Global Youth Powerhouse Summit in HK explores innovation, economic growth

The Global Youth Powerhouse Summit 2004 brought together leaders, innovators and young professionals in Hong Kong to tackle pressing global challenges and create new momentum for economic growth and innovation. Under the theme “Empowering professionals for a Global Initiative: A Voice from Hong K...
November 28, 2024
Lotte heir assumes management role amid liquidity concerns

Shin Yoo-yeol, the eldest son of Lotte Group Chairman Shin Dong-bin, has been promoted to executive vice president of Lotte Corp., the group's holding unit, to oversee the retail giant’s global strategy and speed up its leadership succession plans. Lotte announced a management reshuffle on Thursd...
November 28, 2024
IBK to launch Korea's first banking subsidiary in Poland

The Industrial Bank of Korea is nearing the final steps to open a subsidiary in Poland next year. The state-run lender said Thursday that the Polish Financial Supervision Authority, or KNF, had authorized its application to set up a corporate entity, making it the first Korean bank to mark such a ...
November 28, 2024
S-Oil honors 8 firefighters for lifesaving efforts

South Korean oil refiner S-Oil hosted an awards ceremony in Seoul on Thursday to honor the contributions of eight “Hero Firefighters,” together with the Korea National Council on Social Welfare. At the 2024 Hero Firefighters Award Ceremony, a panel of firefighting experts named Fire Lt. Yoo Seun...
November 28, 2024
Samsung SDS names network specialist as new CEO

Samsung SDS, the South Korean IT solutions affiliate of Samsung Group, said Thursday that it has appointed Lee June-hee, corporate executive vice president of the Network Business Division at Samsung Electronics, as its new CEO. Lee is recognized as an expert in information technology. He has play...
November 28, 2024
Mirae Asset sets up Indian brokerage with Sharekhan acquisition

South Korean brokerage Mirae Asset Securities announced on Thursday that it has completed the acquisition of Indian brokerage house Sharekhan Limited, marking a significant milestone in its Indian operations. It marks the first time a Korean company has acquired an Indian brokerage firm. Mirae Ass...
November 27, 2024
Hyosung Heavy Industries hits W10tr in circuit breaker production

Hyosung Heavy Industries said Wednesday that it has become the first in the domestic industry to surpass 10 trillion won (about $7 billion) cumulative production value for circuit breakers. The company held a ceremony Tuesday at its Changwon plant in South Gyeongsang Province to mark the achieveme...

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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