HD Hyundai hosted an academic forum Tuesday aimed at explored practical measures to enhance bilateral collaboration in the shipbuilding sector, bringing together experts from both South Korea and the United States. “This collaboration marks the beginning of a true maritime alliance — one that goes beyond talent exchange to sharing technologies and visions between Korea and the US,” said Chung Ki-sun, executive vice chairman of HD Hyundai. “Let us work together toward the growth and prosperity of

GS Caltex, a South Korean oil refiner, announced Tuesday that it is pursuing a new project in Indonesia aimed at recovering biofuel resources and reducing greenhouse gas emissions by processing palm oil mill waste. The company said it has been selected for a government-backed initiative to support a full feasibility study for an international greenhouse gas reduction project, with plans to build an evaporative concentration facility to extract oil from palm oil mill effluent, a liquid byproduct

KATHMANDU, Nepal — In May, when Nepal forged a partnership with the Korea Partnership for Innovation of Agriculture, led by South Korea’s Rural Development Administration, it sowed the seeds of transformation in its agricultural development. In an earnest tone, Krishna Timsina, executive director of Nepal’s National Agricultural Research Council, the country’s key research and policy institution for agriculture, mapped out what the new ties could bring in the years to come. “This partnership wit

KATHMANDU, Nepal — In countries like Nepal, where nearly two-thirds of the population works in agriculture, boosting domestic productivity is critical, all the more so given its reliance on imports to offset staple crop shortfalls. Stepping into this gap is the Korea Partnership for Innovation of Agriculture, a development program led by South Korea’s Rural Development Administration, with a mission to share tailored agricultural technologies with developing nations. KOPIA currently operates in

Fixing an industry was never the plan for Apartmentary founder Yoon So-yeon — she just wanted to fix her newlywed home. But in doing so, she has quietly rewritten the rules of Korea’s home remodeling market. In 2013, after purchasing an outdated apartment in Seoul’s Mapo-gu district, Yoon set out to remodel it. Her search for a trustworthy, reasonably priced interior renovation firm quickly turned into disillusionment. “I didn’t like how all the apartments in Korea looked the same. I wanted some

SK Telecom is set to resume new subscription operations at its dealerships nationwide starting Tuesday, following a two-month suspension prompted by a major cybersecurity breach. The Ministry of Science and ICT said on Monday that it would lift its administrative guidance, which had effectively halted the mobile carrier’s new subscriber recruitment since April. The ministry had initially recommended the suspension on April 1, urging SK Telecom to focus on replacing compromised USIM cards for its

Posco Group is fast-tracking the restructuring of its non-core subsidiaries, divesting low-performing overseas businesses as part of a broader strategy to reallocate resources toward high-potential sectors, particularly battery materials. According to industry sources on Monday, Posco International, the trading and resources arm of Posco Group, has agreed to sell its entire stake in Suzhou Pohang Steel to Guangdong Wcan Magnetic Materials. The transaction, valued in the 40 billion won ($29 milli

South Korean chipmakers are facing renewed uncertainty over their operations in China, as Washington reportedly considers revoking waivers that have allowed them to bring in American chip equipment for facility upgrades. Samsung Electronics and SK hynix, Korea’s leading chipmakers with major semiconductor fabs in China, were reportedly notified last week that the US government plans to cancel the exemptions, according to a report by The Wall Street Journal on Saturday. The waivers had been grant

Sohn Kyung-shik, chair of CJ Group and the Korea Enterprises Federation, has won the Henry G. Bennett Global Fellows Award by Oklahoma State University in the US, in recognition of his leadership in business and cultural diplomacy, the KEF said Monday. Sohn is the second Korean to receive the prestigious award, following former Prime Minister Nam Duck-woo in 2005, and joins a distinguished list of past recipients including former British Prime Minister Tony Blair, former US Secretary of State Co

South Korea's economy has enjoyed a boost since the inauguration of President Lee Jae Myung, but now finds itself bracing for the impact of the US attacks on three of Iran’s core nuclear sites — Fordow, Natanz and Isfahan. On Sunday, US President Donald Trump said in an address at the White House that Tehran’s “key nuclear enrichment facilities” had been “completely and totally obliterated” by US forces. “There will be either peace, or there will be tragedy for Iran, far greater than we have wit

The 30th Economic Development Cooperation Fund Workshop, hosted by the Export-Import Bank of Korea and the Ministry of Economy and Finance, commenced Tuesday, welcoming a total of 18 government officials from 10 African countries, according to the policy lender on Sunday. The EDCF is an aid loan funded by the Korean government, which offers long-term loans at a low interest rate to developing countries under an official development assistance initiative. Eximbank is in charge of running the fund

Korean shipbuilding giant HD Hyundai announced Sunday that it has signed a strategic and comprehensive partnership with US-based Edison Chouest Offshore to jointly build LNG dual-fuel container ships in the United States. This initiative follows HD Hyundai’s recent agreements with major US defense firms and academic institutions. The signing ceremony took place on Thursday at ECO’s headquarters in New Orleans, Louisiana, attended by key officials from both companies. Under the deal, HD Hyundai a

South Korea’s top trade envoy departed for the US on Sunday for the first bilateral trade talks since President Lee Jae Myung took office, vowing to pursue “pragmatic and mutually beneficial negotiations centered on national interest" in resolving pending issues. South Korea’s Trade Minister Yeo Han-koo will be in Washington from Sunday to Friday for talks with US Trade Representative Jamieson Greer, Commerce Secretary Howard Lutnick and other senior officials, to discuss trade issues including

Korea Herald correspondent BOSTON — SK Biopharmaceuticals CEO Lee Dong-hoon underscored the company’s preparedness for potential US tariff changes and emphasized the critical role of open innovation in shaping the future of global pharmaceuticals. “We’ve weathered volatility in our share price over the past year, but the impact of potential price cuts has been minimal,” Lee said Thursday during a press conference on the sidelines of the 2025 Bio USA. “Our direct-to-market sales model remains fun

LG Electronics Inc. said Sunday it will install large light-emitting diode digital displays at Roig Arena, a new indoor multipurpose facility in Spain, as part of its effort to expand its global sports entertainment business. The company plans to install a massive exterior LED screen, dubbed "The Eye," as well as a central scoreboard, a 76-meter-long main display and an LED ribbon screen encircling the interior of the stadium. Roig Arena, designed to host a variety of events, including sports an