Police have concluded that Taihan Cable & Solution improperly obtained trade secrets tied to submarine cable plant technology from rival LS Cable & System, escalating a major legal battle between South Korea’s top two cable makers. The Gyeonggi Nambu Provincial Police Agency said Thursday it referred 13 individuals and three corporations to prosecutors on charges of violating the Unfair Competition Prevention and Trade Secret Protection Act. Those referred include four Taihan Cable executives an

Poongsan Group is exploring the potential acquisition of Jack Nicklaus Golf Club Korea, according to an exclusive report by Herald Business on Thursday, as competition heats up for premium golf courses in the Seoul metropolitan area. Citing investment banking industry sources, the report said Poongsan Group recently selected an adviser to review deal structures and pricing for a possible acquisition of the golf club. Jack Nicklaus Golf Club Korea, widely considered one of South Korea’s most luxu

Kakao Mobility is pursuing a potential Nasdaq listing in the US, according to an exclusive report by Herald Business on Wednesday, signaling a possible shift away from its previously expected domestic IPO route. Citing investment banking industry sources, the report said Kakao Mobility recently began a re-audit of its financial statements for 2023-2025 in preparation for a possible US market debut. The mobility platform operator had consistently denied speculation about a Nasdaq listing, but ind

Seoul’s luxury hotels have once again raised prices for their signature apple mango bingsu, with this summer’s shaved ice desserts now ranging from around 95,000 won to as high as 149,000 won ($65-102) — enough to rival the price of a hotel buffet or even a one-night stay at some hotels. According to news reports on Sunday, major five-star hotels in Seoul increased prices for their seasonal mango bingsu menus, citing higher costs for Jeju apple mangoes, labor and premium services. Samsung-owned

Dua Lipa has filed a $15 million lawsuit against Samsung Electronics, alleging the company used her image on television packaging without authorization or compensation. Citing a complaint filed Friday in the US District Court for the Central District of California, Variety reported Saturday that Samsung used Lipa’s likeness on cardboard TV packaging beginning last year as part of a mass-market marketing campaign. The lawsuit claims the image was used without Lipa’s knowledge or consent, creating

GM Korea said Monday it sold 47,760 vehicles in April, up 14.7 percent from a year earlier, driven by strong overseas demand for its compact sport utility vehicles. Domestic sales remained limited at 811 units, while exports accounted for the bulk of deliveries at 46,949 units. Overseas shipments were led by the Chevrolet Trax Crossover, which rose 12.7 percent on-year to 31,239 units, and the Chevrolet Trailblazer, which jumped 24.7 percent to 15,710 units. The two models have played a central

South Korea’s stock market has climbed to eighth place globally by market capitalization, overtaking the UK, on the back of a strong rally fueled by semiconductor gains and policy support. According to the Korea Exchange on Tuesday, the combined market capitalization of the Kospi and Kosdaq reached 6,101 trillion won ($4.1 trillion) as of Monday’s close. The Kospi accounted for 5,421 trillion won, while the Kosdaq stood at 679 trillion won. Global comparisons show Korea has surpassed the UK — wi

Deputy Prime Minister Koo Yun-cheol (left) and American Chamber of Commerce in Korea Chairman James Kim shake hands after their meeting in Seoul on Tuesday. Kim stressed the need to strengthen competitiveness amid rising pressure from Singapore and Hong Kong, calling Korea’s potential MSCI upgrade a “critical opportunity.” Koo said the government is committed to advancing the capital market in line with global standards and implementing the MSCI road map to secure a “fair Korea premium,” with bo

OCI Holdings shares surged Friday on expectations of rising solar demand and a potential supply deal with SpaceX. The stock rose 9.16 percent to 351,500 won as of 10:36 a.m., according to the Korea Exchange. The gains were driven by optimism that new demand — including from emerging space-based applications — could lift the polysilicon market, with OCI seen as a key beneficiary. “The outlook for Korean solar stocks will largely depend on partnerships with Elon Musk,” said Lee Jin-ho, an analyst

Doosan Enerbility Chairman Park Jee-won led the company’s push into Vietnam’s nuclear power sector during President Lee Jae Myung’s state visit, holding high-level meetings to lay the groundwork for future projects. Park joined the presidential business delegation to Hanoi, where he attended a series of events including a business roundtable and the Korea-Vietnam Business Forum, engaging with senior government officials and energy industry leaders. On the sidelines of the forum, Doosan signed me

SK Group is stepping up efforts to build Vietnam’s artificial intelligence ecosystem and core infrastructure, marking a major push to export its “AI full-stack” model overseas. The group said Friday it signed separate memorandums of understanding with Vietnam’s Nghe An provincial government and the National Innovation Center during the Korea-Vietnam Business Forum held in Hanoi. The agreements were signed in the presence of Industry Minister Kim Jung-kwan and Vietnam’s Finance Minister Ngo Van T

The Korea Developer Association said Wednesday it had appointed Tran Viet Hanh, chairman of Newtatco, as an adviser to its international committee, as it seeks to strengthen support for members expanding into Vietnam. The move is aimed at providing Korean developers with stronger local networks, regulatory insight and project collaboration opportunities as they enter the Vietnamese market, the association said. Tran is widely regarded for his experience in business development and external partn

SK hynix has begun construction of its first semiconductor facility in the United States, a key step in expanding advanced packaging capacity for artificial intelligence memory and strengthening its global supply chain. According to Herald Business on Tuesday, the company recently started piling work at its site in Indiana, marking the start of foundation construction for an AI-focused advanced packaging plant. Groundwork is expected to continue for several months, with above-ground construction

Korea Exchange CEO Jeong Eun-bo said South Korea’s recent stock market rally signals a structural shift rather than a short-term, liquidity-driven surge, pointing to improving corporate fundamentals and policy reforms. In a recent interview with Herald Business, he said the Kospi’s sharp rise from around 2,500 in mid-2025 to above 6,000 reflects bigger changes in market dynamics. “This is not a rally driven by liquidity alone,” Jeong said. “It is the result of efforts to enhance corporate value

SK hynix is accelerating plans for a US listing, targeting June or July for its American depositary receipt offering, according to an exclusive Herald Business report Thursday. The report said the chipmaker had recently indicated the timeline to underwriters, signaling a shift from its earlier stance that the schedule remained undecided. Last month, SK hynix said it had confidentially filed a draft registration statement (Form F-1) with the US Securities and Exchange Commission, aiming to go pub