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The Korea Herald

Industrials

November 14, 2024
HD Hyundai vice chairman promoted in CEO reshuffle

HD Hyundai announced new nominees to head its affiliates on Thursday as the Korean shipbuilding conglomerate aims to cope with changes in the global business environment in the wake of the US presidential election. HD Hyundai Vice Chairman Chung Ki-sun has been promoted to the group’s executive v...
November 14, 2024
LG Energy Solution to supply ESS for US Terra-Gen

LG Energy Solution has secured a contract to supply up to 8 gigawatt-hour energy storage systems to US renewable energy firm Terra-Gen, the Korean battery-maker announced Thursday. Under the deal, LG Energy Solution Vertech will deliver the ESS to Terra-Gen from 2026 to 2029. The Korean battery ma...
November 14, 2024
CJ's new cold chain logistics center opens in Georgia

CJ Logistics, South Korea’s largest logistics firm, announced Thursday that it has commenced operations of its new cold chain logistics center in Gainesville, Georgia. The facility spans 24,904 square meters, with 90 percent dedicated to cold chain logistics and the remaining 10 percent allocated...
November 14, 2024
Korea Zinc pulls back on capital increase scheme

Korea Zinc Chairman Choi Yun-beom on Wednesday apologized to the public, canceling the company’s hastily-made capital increase plan that sent its shares on a roller-coaster ride in recent weeks. “Though the capital raise was planned to strengthen a more diverse and independent shareholder base c...
November 13, 2024
AmCham CEO Servers’ Night sets fundraising record

The American Chamber of Commerce in Korea announced Wednesday that it has hosted the 17th fundraising event for student scholarships together with its charity arm, Partners for the Future Foundation. The AmCham CEO Servers’ Night was held at the Conrad Seoul Hotel, bringing together 35 CEOs and C...
November 13, 2024
Hyundai Glovis to build massive logistics center in Busan

The company is also building a five-story logistics center at Incheon Airport, slated to open in 2025. Spanning 44,420 square meters, the Incheon center will feature an automated sorting system and its own customs clearance facilities to support Hyundai Glovis’ growing e-commerce logistics busines...
November 13, 2024
Kolmar wins trade secret case against Intercos

South Korea’s leading cosmetics original design manufacturer Kolmar Korea said Wednesday it recently won a lawsuit against Intercos Korea, the Korean subsidiary of Italian cosmetic firm Intercos that was accused of transferring trade secrets of Kolmar’s sun care technology. On Oct. 18, the Suwon...
November 13, 2024
Amorepacific unveils bold growth goals

South Korean cosmetics giant Amorepacific has unveiled its new global business strategy, aiming to strengthen its position as a leader in the beauty industry amid the rising influence of Korean culture. At its 2024 Investor Day event in Seoul on Tuesday, CEO Kim Seung-hwan and North America region...
November 12, 2024
Trump’s return: Boon or bane for K-food?

After years of record exports, especially to the US, Korea’s food industry is now keen to gauge the impact of Donald Trump’s second presidency. The outspoken leader declared during this campaign that he could impose blanket tariffs of 10 to 20 percent on all US imports, raising concerns for Kore...
November 12, 2024
KEF chief, Japanese ambassador vow to bolster economic ties

Member companies of the Korea Enterprises Federation met with Japanese Ambassador Koichi Mizushima on Tuesday to explore opportunities for deepening economic cooperation, as South Korea and Japan approach the 60th anniversary of normalized diplomatic relations next year. The business roundtable, h...
November 11, 2024
GS E&C wins $376m contract to build subway tunnel in Australia

South Korean construction giant GS Engineering and Construction announced Monday that it had won a $375.7 million contract to build a subway tunnel in Melbourne, Australia. Awarded by Victoria’s Suburban Rail Loop Authority, the contract is part of the broader Suburban Rail Loop project, which ai...
November 11, 2024
[Herald Interview] JobKorea’s KLiK brings jobs, community to growing foreign workforce in Korea

As Korea’s foreign workforce nears the 1 million mark, JobKorea, the nation’s leading online recruitment platform, has launched the spinoff KLiK, or Kickstart Life in Korea, to bring quality jobs and community to foreign national job seekers. Chris Heo, a 33-year-old Canadian national who leads ...
November 11, 2024
KT&G pledges to up shareholder returns

South Korea's top tobacco company KT&G unveiled a new program designed to enhance its corporate value, primarily focused on increasing shareholder returns, Monday. The program centers on improving profitability, optimizing asset efficiency and streamlining financial operations to reach a return-on...
November 11, 2024
Young Poong's violations cast doubt on Korea Zinc bid

Young Poong, the world’s sixth-largest zinc smelter, has been ordered to close down its refinery facility for two months for discharging polluted wastewater without authorization, posing a possible setback in its attempt to take ownership control of Korea Zinc, its affiliate and the world’s large...
November 10, 2024
Korean shipbuilders upbeat on Trump’s call for collaboration

Korea’s leading shipbuilders -- Hanwha Ocean and HD Hyundai Heavy Industries -- have upped their efforts to forge deeper relations with the US Navy, as they look to score orders in the American warship market estimated at about 20 trillion won ($14.3 billion) per year. In August this year, Hanwha...

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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