The Korea Herald

Korean automotive LED makers up presence in 2020 despite market decline: report

Mar 26, 2021

South Korea's two major automotive light-emitting diode (LED) makers saw their revenues increase last year despite an overall market slump amid the pandemic, a report showed Friday. Seoul Semiconduc...
Doosan Heavy completes 2nd wind power generator plant

Mar 26, 2021

South Korean power plant builder Doosan Heavy Industries & Construction Co. said Friday it has completed the construction of its second plant for wind power generators in the country. The plant in C...
Korea Shipbuilding wins W637b order for 5 container ships

Mar 26, 2021

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Friday it has clinched a 637 billion-won ($562 million) order from a Taiwanese company to build five container carriers. The deal signed wit...
Samsung Heavy bags W2.8tr order for 20 container carriers

Mar 26, 2021

Samsung Heavy Industries Co. said Friday it has obtained a 2.8 trillion-won ($2.5 billion) order from a Panamanian company to build 20 container carriers. Under the deal, Samsung Heavy Industries wi...
[Newsmaker] ‘Imprisoned Samsung chief Lee hospitalized for burst appendix’

Mar 25, 2021

Jailed tycoon, refusing to accept special treatment, said to have put up with pain, delaying diagnosis
[Exclusive] 'SK took CT scans of LG batteries to prove tech prowess'

Mar 25, 2021

SK Innovation took a CT scan of LG Energy Solution’s electric vehicle batteries in a potential attempt to use it in its legal dispute with the local rival, industry sources told The Korea Herald. SK...
S. Korea eyes next-generation power chips

Mar 25, 2021

South Korea will nurture the local industry for next-generation power chips as a new strategic investment for future chip leadership, the government said Thursday. At the seventh meeting on innovati...
S-Oil donates W100m for burn victims from single-parent families

Mar 25, 2021

S-Oil donated 100 million won ($88,200) in total for 10 single-parent households with members who had suffered burn injuries. According to the South Korean refinery, it delivered the donation to the...
Midsized firms' Q2 biz outlook recovers to pre-pandemic level

Mar 25, 2021

South Korean midsized companies' business outlook for the second quarter has recovered to pre-pandemic levels amid a recovery in automaking and related sectors, a poll showed Thursday. The Federatio...
Doosan Mobility teams up with POSCO unit for hydrogen fuel cell parts

Mar 25, 2021

Doosan Mobility Innovation (DMI), a producer of portable fuel cell power packs, said Thursday that it has joined hands with Posco SPS, a steel processing company, to develop a key component for hydro...
[Newsmaker] Coupang says deceased courier new on the job and had health problems

Mar 25, 2021

Local e-commerce giant Coupang Inc. said Thursday that its parcel delivery worker who died the previous day while working was suffering from heart-related abnormalities and was only on his second day...
Georgia lawmakers urge Korean battery firms to settle

Mar 24, 2021

In a notable shift of tone, senators in the US state of Georgia have called on LG Energy Solution and SK Innovation to resolve their battery patent disputes on their own. According to media reports ...
Hyundai Motor Group wraps up generational shift in leadership

Mar 24, 2021

Auto group’s key affiliates hold annual proxy meetings at respective headquarters
Samsung to launch new premium vacuum cleaner in April

Mar 24, 2021

Samsung Electronics Co. said Wednesday its new premium vacuum cleaner will go on sale in South Korea next month as the tech giant targets to boost home appliance goods amid the pandemic-induced stay-...
4 auto parts makers fined W82b over price collusion

Mar 24, 2021

South Korea's antitrust regulator said Wednesday it has decided to fine four auto parts producers a combined 82.4 billion won ($72.7 million) for colluding to fix bidding prices of vehicle parts. Hw...