The Korea Herald

[Monitor] Lotte’s Shin Dong-bin tightens grip on conglomerate

Aug 4, 2020

Last week’s disclosure by family members of the late Lotte Group Chairman Shin Kyuk-ho with regard to changes in their stakes in the group after inheriting assets from Shin showed that his second son...
[From the Scene] Inside the world’s biggest biologics plant

Aug 3, 2020

Samsung Biologics plans another plant ‘in the near future’
[Newsmaker] Kakao Games under fire for sexist translation ahead of IPO

Aug 3, 2020

Inadequate translation leads to misunderstanding from users
[News Focus] Family feud simmers at Korea’s largest tiremaker

Aug 3, 2020

When the chief of Korea’s largest tiremaker sold all his stock in the company to his second son on June 30, the succession appeared to have proceeded smoothly. But it had not. The simmering family di...
Mobile game sales in S. Korea hit record high in H1

Aug 3, 2020

Sales of mobile games in South Korea soared to a record high in the first half of the year amid the coronavirus pandemic that has confined more people to their homes, industry data showed Monday. Co...
Chong Kun Dang’s net profit rises 100% on-year in Q2

Aug 3, 2020

Chong Kun Dang’s second quarter net profit rose 100 percent on-year due to decreased spending on marketing amid COVID-19 social distancing, and solid sales of its chronic illness treatments. Hi Inve...
Samsung opens in-house COVID-19 testing center

Aug 3, 2020

Samsung Electronics Co. said Monday it has set up an in-house virus testing center to ramp up its anti-virus measures amid the pandemic. Samsung opened a virus testing center inside its plant in Hwa...
[Monitor] S. Korea’s exports shore up

Aug 3, 2020

South Korea’s exports in July declined by a single digit percent in four months after showing a double-digit drop for three consecutive months, data showed Sunday. The Ministry of Trade, Industry an...
Hanmi Pharmaceutical founder dies at 80

Aug 2, 2020

Hanmi Pharmaceutical’s founder and chairman, Lim Sung-ki, died of a chronic disease Sunday at dawn after devoting his life to the South Korean bio industry. He was 80. Lim was the owner of Hanmi Pha...
In terms of renewable energy usage, Korea lags behind most of the world

Aug 2, 2020

South Korea generates relatively little power from renewable energy, lagging behind most of the world’s countries, a report showed Sunday. According to the data compiled by France-based energy consu...
UAE begins operations at S. Korean-built nuclear reactor

Aug 2, 2020

TEHRAN/SEOUL -- The United Arab Emirates (UAE) has started operations at the first unit of the South Korean-built Barakah nuclear power plant, Dubai's ruler said Saturday, marking the first operation...
Uniqlo to close 9 outlets in S. Korea amid trade dispute-caused boycott

Jul 31, 2020

Japanese fashion retailer Uniqlo said Friday it will close nine of its stores in South Korea next month amid a sharp fall in sales stemming from the new coronavirus outbreak and a trade dispute betwe...
Daewoo E&C launches ‘arcloud’ commercial complex brand

Jul 31, 2020

Daewoo Engineering and Construction said Friday it is launching a new commercial facility brand “arcloud,” and open its first shopping center in Hanam, Gyeonggi Province, under that name. The constr...
LG Chem anticipates smooth resolution with SK Innovation

Jul 31, 2020

LG Chem is talking with SK Innovation to reach a settlement regarding a trade secret violation suit against the latter, and anticipates a resolution before October, the firm said Friday. “We can set...
LG Chem’s EV batteries drive best-ever performance in Q2

Jul 31, 2020

LG Chem posted a second quarter revenue of 6.9 trillion won ($5.8 billion) and an operating profit of 571.6 billion won on Friday, marking an earnings surprise on the back of its electric vehicle bat...