Most Popular
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'Keep IU off the grass': Soccer fans oppose K-pop concerts at World Cup Stadium
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BTS, NewJeans fandoms clash over Hybe-Min Hee-jin conflict
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N. Korea launches missiles in latest show of military, nuclear strength
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North Korea sends top envoy to Russia as it girds for friction with Seoul
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Seoul-bound traffic clogged on 4th day of Chuseok holiday
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Kia makes breakthrough in China sales
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High temperatures may worsen mental health conditions: study
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[Special] Ansan aims to become South Korea's multicultural hub, heart of immigration policy
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Samsung chief travels to France to encourage young talents
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Korean battery makers zero in on global commercial EV market
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Samsung SDI to showcase advanced energy solutions at RE+ 2024
Samsung SDI will present its latest energy storage systems at RE+ 2024, the largest clean energy expo in North America, held in Anaheim, California, for four days starting Monday. The company’s showcase will revolve around the theme "A Sustainable Future Driven by PRiMX." PRiMX is a branding term for Samsung SDI’s advanced battery technology portfolio. Leading the lineup is the Samsung Battery Box 1.5, the company's next-generation ESS battery system ready for US lau
Sept. 8, 2024
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SK chief convenes CEOs to inspect global businesses
SK Group Chairman Chey Tae-won stressed the need for a sharp focus and prompt response to evolving AI, semiconductors and energy solutions sectors during an executives' management review meeting held on Saturday, the Korean conglomerate said Sunday. “Enhancing the competitiveness of our core businesses in AI and semiconductors while adapting to the evolving business environment is a formidable challenge, but one we must confront,” said Chey at the SK Seorin Building headquarte
Sept. 8, 2024
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US’ new export controls to have little impact on Korean businesses: ministry
The US' new export controls on critical technologies including quantum computing and cutting-edge semiconductor manufacturing will have little impact on South Korean businesses, Korea's Industry Ministry said on Friday. The US Commerce Department's Bureau of Industry and Security published an interim final rule on Thursday, implementing controls on 24 goods involving critical and emerging technologies including the gate all-around (GAA) chipmaking process, in order to hinder techn
Sept. 6, 2024
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Industry, science ministers discuss economic cooperation with Czech envoy
South Korea's industry and science ministers met with a senior Czech official Thursday to discuss bilateral cooperation, building on a recent nuclear power plant deal between the two countries. Industry Minister Ahn Duk-geun met with Czech National Security Adviser Tomas Pojar who was visiting Seoul as a special envoy of the prime minister, expressing hope for closer ties in areas including the nuclear energy industry, according to the Ministry of Trade, Industry and Energy. In July, the Cz
Sept. 5, 2024
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[HIT Forum] Korean CEOs urged to adopt long-term perspective on lobbying
Experts in global business diplomacy on Thursday discussed emerging lobbying trends and assessed the readiness of Korean companies to navigate complex geopolitical developments, offering strategies for more effective lobbying. This discussion was a key part of the annual The Korea Herald HIT Forum, held this year at the Korea Chamber of Commerce and Industry in Seoul. The event's theme, "Business Diplomacy — Navigating business through mega election year," underscored the ch
Sept. 5, 2024
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[HIT Forum] AmCham chief highlights Korea-US ties in shifting dynamics
American Chamber of Commerce in Korea Chairman and CEO James Kim on Thursday stressed the importance of maintaining strong bilateral ties between South Korea and the US amid changing dynamics in global interactions. “As we navigate this mega-election year globally, the importance of ‘business diplomacy’ has never been more critical,” Kim said, delivering a congratulatory speech at The Korea Herald HIT Forum held Thursday in central Seoul. Kim, who has taken on top posts a
Sept. 5, 2024
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[HIT Forum] Strategic lobbying critical for Corporate Korea: top Washington lobbyist
Corporate Korea should engage in strategic lobbying at both federal and state levels to navigate the US’ regulatory landscape and protect its interests amid shifting political dynamics. This was the key takeaway from a special session at The Korea Herald HIT Forum, held at the Korea Chamber of Commerce and Industry in Seoul on Thursday, as seasoned US lobbyist Brian Ballard shared his insights on the art of business diplomacy in the run-up to the US presidential election this year. During
Sept. 5, 2024
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[HIT Forum] Seoul Mayor champions city’s growth as global business hub
Seoul Mayor Oh Se-hoon on Thursday delivered congratulatory remarks at The Korea Herald HIT Forum, expressing his commitment to ensuring that Seoul continues to evolve as an attractive "global business hub" for current and future investors. "Korean companies have expanded their global presence across diverse fields, including high-tech sectors like semiconductors and electric vehicles as well as K-culture, energy and finance," Oh said during the forum held under the title &qu
Sept. 5, 2024
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[HIT Forum] 'Government, companies should team up to brace for US policy changes'
With the upcoming US presidential election posing as a critical juncture in global trade, Team Korea should join forces to come up with strategies tailored to major industries and boost outreach, Korea Chamber of Commerce and Industry Vice Chairman Park Il-joon said Thursday. "Policies of the two major parties in the US (the Republican Party and Democratic Party) differ greatly, especially in the industries where Korea holds an edge, such as energy, semiconductors, batteries and vehicles,&q
Sept. 5, 2024
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Korea launches global green industries conference in Busan
The annual Global Green Hub Korea 2024 conference, organized by the Environment Ministry in collaboration with the Korea Environmental Industry & Technology Institute, commenced Wednesday at BEXCO, Busan. Scheduled activities over the three-day conference include a panel discussion on international green goals, private export counseling sessions, briefings on overseas green projects and meetings focused on intergovernmental cooperation, according to Environment Ministry officials. The globa
Sept. 4, 2024
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GS E&C keen to improve profitability, spur growth
South Korea’s leading construction company GS Engineering & Construction is ramping up efforts to enhance financial stability and spur growth in key growth drivers. Currently, GS E&C is exploring various strategic options, including stake sales in its subsidiaries such as GS Inima Environment and GS Elevator, as part of efforts to secure cash for growth. GS Inima Environment, a global water treatment and purification company based in Spain, is a notable asset within GS E&C
Sept. 4, 2024
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Nvidia sell-off drags down Samsung, SK hynix shares
Korean chipmakers Samsung Electronics and SK hynix saw their stock prices tumble Wednesday, following a plunge in Nvidia shares overnight. Nvidia, the world's leading graphic processing unit supplier, continues to experience increased volatility as it faces an antitrust probe and growing fears that the recent artificial intelligence bubble may be about to burst. Having the GPU giant as a major client for advanced AI chip components, it is inevitable for the nation’s top two chipmakers
Sept. 4, 2024
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[KH Explains] Marrying your virtual partner? Era of AI companionship dawns
Every morning, Jung-in wakes up to her AI boyfriend Tae-joo's video call, telling her she has 30 minutes to prepare for work before her bus comes. As she hurries out the door, Tae-joo smiles and calls out, "Take your umbrella with you, it's raining today!" Tae-joo in real life has fallen into a coma, and Jung-in restored her comatose boyfriend as an astronaut in this virtual world called Wonderland. With AI Tae-ju always accessible inside her smartphone and TV screens, Jung-i
Sept. 4, 2024
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LG Innotek to showcase next-gen chip substrates at KPCA 2024
LG Innotek said Wednesday it is showcasing its innovative semiconductor substrates at this week's KPCA Show 2024, held at the Songdo Convensia in Incheon, from Wednesday to Friday. The KPCA Show is the largest annual exhibition of printed circuit board and electronic packaging, hosted by the Korea PBC and the Korea Printed Circuit Association for 21 years. LG Innotek plans to unveil its package substrate and tape substrate products along with high-value semiconductor substrates, called Flip
Sept. 4, 2024
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Incheon Airport, Trip.com join hands to win back Chinese tourists
Incheon International Airport Corporation said Wednesday it has signed a mutual partnership with Trip.com Group, a global one-stop travel service provider, to lure more Chinese travelers to Korea. The signing event was attended by Lee Hag-jae, president and CEO of Incheon International Airport, and Edison Chen, vice president of global destination marketing and public relations at Trip.com Group, at the Inspire Entertainment Resort in Incheon on Tuesday. Under the agreement, the two companies
Sept. 4, 2024
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Agriculture expo offers glimpse into the future of rural areas
The Ministry of Agriculture, Food and Rural Affairs will open “Korea Agri Expo 2024,” the largest agricultural exposition in the country, at aT Centre in Seoul on Thursday for a four-day run. Marking its sixth year, this annual event has been a platform for showcasing the diverse value and growth potential of agriculture and rural regions since its inception in 2019, ministry officials said Tuesday. Last year's exposition drew significant interest, attracting approximately 94,00
Sept. 3, 2024
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Daewoo E&C, CSCEC team up for global infrastructure projects
Daewoo Engineering & Construction said Tuesday it has signed a strategic partnership with China State Construction Engineering Corporation, the world’s largest construction company by revenue, to team up on international projects. The signing event was held Monday at the CSCEC’s headquarters in Beijing, where Daewoo E&C Chairman Jung Won-ju and CSCEC International Operations Chairman Gao Bo were present. Founded in 1957, CSCEC has held the top position in US weekly ENR's
Sept. 3, 2024
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Ripple CEO slams SEC chair to win back Korean investors
Brad Garlinghouse, CEO of San Francisco-based Ripple Labs, on Tuesday sharply criticized US Securities and Exchange Commission Chair Gary Gensler over the recently concluded legal tug-of-war with the regulator. Reflecting on Ripple’s recent legal win against the SEC, Garlinghouse doubted Gensler’s tenure would continue regardless of the outcome of the US presidential election, saying, "I'll make a gentleman's bet that won't happen," during a press conference
Sept. 3, 2024
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Samsung rolls out artwork subscription service for premium TVs
Samsung Electronics introduced Tuesday an annual artwork subscription service for The Frame, the company’s premium TV, offering access to more than 2,500 pieces of art in a vivid 4K QLED display all year round. Samsung Art Store is the company’s digital curator service, delivering 4K-quality artworks from the most distinguished artists, museums and industry tastemakers. The subscription service is available on The Frame, the lifestyle TV that doubles as a digital canvas. It displays
Sept. 3, 2024
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[Photo News] Kia showcases defense vehicles in Poland
Kia is bringing its latest military innovations to the European stage at the MSPO International Defense Industry Exhibition 2024, being held from Tuesday to Friday in Kielce, Poland. The centerpiece is the European debut of the Kia Medium Tactical Vehicle (on the right). The KMTV excels in rugged terrain, with features like a 60 percent slope climb and 1-meter water fording. Kia is also displaying its Kia Light Tactical Vehicle bare chassis (on the left), featuring mine-resistant floors, which
Sept. 3, 2024