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LATEST NEWS

BoA to drop ‘Woman’ next week
Changgyeong Palace to stay open at night starting next year
Hyundai Motor's leverage to improve over next 12-18 months: Moody's
First ladies of South Korea and France walk arm in arm
Man caught after spreading nude photos of himself taken at women’s univers...
Nuclear safety commission OKs restart of Kori No. 2 nuclear reactor
No change in Korea's defense commitment to NLL: military
Financial firms urged to consider environment, society: regulator
Disabled athlete found burning in open field: police
Govt., ruling party prepare measures to curb preschool irregularities

Today Industry

Hyundai Motor's leverage to improve over next 12-18 months: Moody's

Moody's Investors Service, a global credit rating agency, on Tuesday said it expected Hyundai Motor Group's financial leverage to improve over the next 18 months on increasing profitability.(Yonhap)The financial status of Hyundai and Kia, South Korea's two biggest carmakers, will improve gradually over the next one and a half years, helped by improving sales in China, higher utilization rates in their US plants and the launch of new models, Moody's said in a report. "This improvement will be dri

Nuclear safety commission OKs restart of Kori No. 2 nuclear reactor

South Korea's nuclear safety commission on Tuesday approved the restart of a nuclear reactor that was shut down six months ago.The 650-megawatt Kori No. 2 reactor in the southern port city of Busan went offline on April 17 for routine inspections. (Yonhap)The Nuclear Safety and Security Commission said it has repaired two cracks on the outer surfaces of an auxiliary building and another building that houses the nuclear fuel.The Kori No. 2 reactor is expected to operate at full capacity on Friday

Today
Industry
ASEAN becomes center stage for Korean retail, beauty and entertainment biz

With Southeast Asia becoming the center stage for South Korean businesses in expanding their global presence, retail conglomerates like Lotte, Shinsegae and CJ have been successfully tapping into the markets.Lotte Group has focused its investments on its retail arm Lotte Shopping’s entrance to the Indonesian market. According to the company, the Indonesia market accounts for 17 percent of total sales earned from overseas Lotte Group businesses.Lotte Mart’s Batam outlet in Indonesia (Lotte Shoppi

Today
Industry
Korean businesses venture into ASEAN in search of new opportunities

Seeking new opportunities amid intensifying competition and a shift in the industrial and manufacturing landscape, South Korean businesses are jumping into new markets in the ASEAN region in line with the government’s diplomatic push to strengthen ties there.Seeking to make the most of amicable bilateral relationships and the popularity of Korean culture in the region, “Korea Inc.” has set its eyes on ASEAN, a region full of emerging markets brimming with passion for economic development. Rising

Today
Industry
FTC head Kim Sang-jo bombarded with questions over corruption

A federation chaired by former officials used to collect money, find jobs for retirees from conglomerates

Today
Industry
The Korea Herald to host Biz Forum on ASEAN and New Asia

Southeast Asia is increasingly emerging as an important market for South Korean companies, particularly in light of the of the Moon Jae-in government’s “New Southern Policy” that aims to elevate Korea’s ties with the Association of Southeast Asian Nations and India.And with shifting geopolitical relations, South Korea’s economy is expected to play a bigger role in the years ahead in bridging the Northeast Asian market with markets in Southeast Asia.With this, The Korea Herald is hosting its inau

Today
Industry
SK Biopharmaceuticals builds AI-powered drug development platform

SK Biopharmaceuticals, the new drug development unit of South Korea’s telecom-to-energy conglomerate SK Group, said Monday it had finished developing an artificially intelligent drug development and design platform that is expected to speed up its new drug discovery efforts.　The AI platform was built by studying the vast amount of research on central nervous system disorders and developing optimized algorithms in partnership with SK Holdings C&C and its AI platform Aibril. AI-supported drug deve

Today
Industry
KOTRA advises Korean startups to head to Europe

In line with South Korean President Moon Jae-in’s state visit to France, the Korea Trade-Investment Promotion Agency on Monday released a report highlighting Europe as the place to be for Korean startups.According to the report, Europe has concentrated efforts on creating an ecosystem for startups as its strategy for survival in the “fourth industrial revolution.” London, Berlin, Paris, Stockholm, and Amsterdam ranked among the world’s leading 20 startup ecosystems, according to a 2017 report by

Today
Industry
Samsung stands at 64th place in corporate responsibility ranking: poll

Samsung Electronics Co., South Korea's biggest conglomerate by sales, came in 64th place in corporate responsibility this year, which falls far short of its No. 6 ranking in brand value, a US market survey showed Sunday. In the 2018 Global Corporate Responsibility Trak 100 rankings released by the Reputation Institute, the world's biggest chip giant scored 64.9 points to rank 64th, up from 89th with 64.5 points a year earlier. (Yonhap)Samsung's ranking has improved this year compared with a yea

Oct 14, 2018
Industry
Heads of Hanwha, Heritage Foundation call for stronger US-Korea alliance

The chiefs of South Korea’s Hanwha Group and the US-based Heritage Foundation called for efforts to strengthen the US-Korea alliance during a meeting in Seoul on Friday, the conglomerate said Sunday.　Hanwha Chairman Kim Seung-youn and Heritage Foundation founder and former president Edwin J. Feulner Jr. exchanged ideas on various topics, including cooperation on strengthening US-South Korea relations, forging peace on the Korean Peninsula and the US-China trade war. The two have met regularly si

Oct 15, 2018
Industry
Govt mulls injecting 800 bln won into Hyundai Merchant for normalization

The government is considering an injection of 800 billion won ($706 million) into Hyundai Merchant Marine Co., the nation's leading oceangoing shipping company, within this year to help it tide over mounting losses, industry sources said Saturday.The company's largest-shareholder Korea Development Bank and the state-run maritime business promotion agency Korea Ocean Business Corp. (KOBC) said they are reviewing a plan in which Hyundai Merchant issues bonds and the two purchase 400 billion won wo

Oct 13, 2018
Industry
Philip Morris to begin selling Korean-made heated tobacco unit

Philip Morris Korea Inc. said Thursday that it will begin selling its tobacco sticks, called Heets, produced at its factory in South Korea later this month.To this point, Philip Morris Korea imported Heets for sale in South Korea. Heets (Yonhap)Philip Morris Korea has expanded its production facility in Yangsan, the first facility in Asia to manufacture heated tobacco units for its tobacco heating device IQOS. Yangsan is a city located about 420 kilometers southeast of Seoul.The share of Heets,

Oct 11, 2018
Industry
[Trending in Pairs] How far has ‘retail tech’ advanced?

Home shopping and T-commerce companies take advantage of advanced tech in offering unprecedented shopping experience

Oct 12, 2018
Industry
LS C&S to provide $125m extra-high voltage cable to Bahrain

LS Cable & System signed a contract with Bahrain Electricity and Water Authority for its extra-high voltage cable project worth 142 billion won ($125 million). The project involves setting up a new electrical grid in Bahrain to provide necessary power as part of the government’s efforts to industrialize and urbanize the nation. (Yonhap)LS Cable & System will be supplying 400-kilovolt extra-high voltage cables and also be in charge of engineering works involving electricity and civil engineering

Oct 12, 2018
Industry
GS sends $200,000 for earthquake victims in Indonesia

GS Group said it was sending $200,000 to assist the Indonesian victims of the 7.5-magnitude earthquake and resulting tsunami that devastated the island of Sulawesi last month.The donation, comprising $100,000 from GS Energy and $100,000 from GS Global, will be used to purchase supplies for the relief work and to restore the damaged areas, the group said.“We hope the funds will be helpful for Indonesians who are suffering the devastating impact of the sudden earthquake and tsunami,” said a spokes

Oct 12, 2018
Industry

The Korea Herald by Herald Corporation

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