The Korea Herald

Taihan secures W92.5b power grid project in the UK

Jul 27, 2020

Taihan Electric Wire said Monday it has signed a 92.5 billion won ($77.3 million) contract with the UK’s National Grid to supply underground cables and accessories for the London Power Tunnel 2. It ...
Pessimism soars over HDC-Asiana deal

Jul 27, 2020

Market pessimism over HDC Hyundai Development Company’s purchase plan of the country’s second-largest airline grew Monday, with Asiana Airlines stocks plunging. Shares of the airline closed at 3,560...
FCA Korea chief suspended over sexual harassment allegations

Jul 27, 2020

Fiat Chrysler Korea confirmed Monday that President Pablo Rosso has been suspended following allegations of sexual harassment, verbal abuse and assault. To ensure the integrity of the investigation ...
Samsung Heavy seeks 3D design approval from ABS

Jul 27, 2020

Samsung Heavy Industries said Monday it has become the first shipbuilder to seek approval for its 3D model-based ships from American Bureau of Shipping. ABS sets standards for safety and excellence ...
S. Korea's H1 auto output hits 11-year low amid coronavirus

Jul 27, 2020

South Korea's auto output sank nearly 20 percent to an 11-year low in the first half of the year due to the coronavirus outbreak, industry data showed Monday. Industry leader Hyundai Motor Co. and f...
HDC calls for repeat of due diligence on Asiana to break deadlock

Jul 26, 2020

HDC Hyundai Development Co. on Sunday called for an additional round of due diligence on Asiana Airlines as it reaffirmed its interest to close the $2.2 billion deal to take over the country’s second...
[Behind the Wheel] Renault Samsung’s SM6 returns with more power

Jul 26, 2020

For the revamp, Renault Samsung said it spent 230 billion won ($192 million), and 3 1/2 years for its development. The automaker said it conducted numerous surveys to receive opinions from customers ...
Jeju Air pulls plug on Eastar Jet with nowhere to go

Jul 23, 2020

High-profile M&A deal falls apart, further dampens mood of aviation industry
New models defend further drop in Hyundai earnings

Jul 23, 2020

Korea’s largest automaker Hyundai Motor posted half of its operating profit in the second quarter from a year earlier. But the earnings still came above market expectations due to the launch of new m...
Air traffic for world’s busiest Jeju-Seoul route falls by 30%

Jul 22, 2020

In the midst of the coronavirus pandemic, traffic for the world’s busiest air route between Seoul and Jeju fell by nearly 30 percent during the first six months of the year, compared to the same peri...
Korean Air closes European, Southeast Asian HQ amid pandemic

Jul 21, 2020

South Korea’s flag carrier Korean Air said Tuesday it has closed its regional headquarters in Europe and Southeast Asia in an effort to “streamline” business operations as the coronavirus pandemic co...
Chartered flights to bring bizmen to Vietnam, China this week

Jul 21, 2020

South Korea said Tuesday it plans to send businessmen on chartered flights to Vietnam and China this week as the new coronavirus pandemic has virtually suspended global air traffic, disrupting their ...
Samsung, Hyundai Motor heirs set to discuss cooperation in mobility biz

Jul 21, 2020

Heirs of South Korea's top two conglomerates -- Samsung and Hyundai Motor -- will discuss possible cooperation in the electric vehicle (EV) and mobility businesses, the groups said Tuesday. Lee Jae-...
Tesla Model 3 on hire in Seoul: SK Rent-a-Car

Jul 20, 2020

South Korea’s rental service firm SK Rent-a-Car said Monday it has launched a rental service for Tesla Model 3 at its 10 branches in Seoul and Gyeonggi Province “As demand for electric vehicles cont...
Volvo Cars Korea ditches diesel to go all hybrid from 2021

Jul 20, 2020

Volvo Cars Korea said Monday it will no longer offer pure diesel or gasoline cars starting with its 2021 models and instead sell only hybrid cars. According to the automaker, Volvo cars will be avai...