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<title>The korea Herald News Rss</title>
<link>https://www.koreaherald.com/</link>
<language>The korea Herald</language>


  





  
  
  
    
      
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    <title><![CDATA[Korea Zinc chair eyes buyback of Bain Capital stake amid control battle]]></title>
    <link>https://www.koreaherald.com/article/10694002</link>  
    <pubDate>Fri, 13 Mar 2026 17:02:16 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Korea Zinc Chairman Choi Yun-beom is reportedly exploring ways to buy back the stake in the smelter held by private equity firm Bain Capital, a move that could strengthen his position in the ongoing control battle with Young Poong and MBK Partners. According to industry sources Friday, Choi’s camp has recently been seeking financing options to acquire Bain Capital’s 2.01 percent stake in Korea Zinc. Possible approaches include a direct buyback or bringing in new financial partners to take over t]]>
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    <title><![CDATA[Korea&apos;s Araon brings emissions-cutting tech to India in CSR push]]></title>
    <link>https://www.koreaherald.com/article/10693898</link>  
    <pubDate>Fri, 13 Mar 2026 15:26:13 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Araon, a South Korean startup specializing in vehicle emissions reduction technology, said Friday it is promoting a project in India that combines Korean environmental technology with corporate social responsibility initiatives by Korean firms operating in the country. The project aims to reduce vehicle emissions and improve fuel efficiency in major Indian cities by installing Araon’s emissions-control devices on corporate and public vehicles. This project is being carried out in cooperation wit]]>
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    <title><![CDATA[AmCham, Korea&apos;s privacy chief discuss cross-border data rules for AI era]]></title>
    <link>https://www.koreaherald.com/article/10693896</link>  
    <pubDate>Fri, 13 Mar 2026 15:23:30 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[The American Chamber of Commerce in Korea hosted a policy dialogue Friday with Personal Information Protection Commission Chairperson Song Kyung-hee to discuss Korea’s data protection policies and the evolving role of trusted data use in the artificial intelligence era. The session, held at the Grand Hyatt Seoul, brought together about 80 representatives from AmCham member companies and the broader business community. During the event, Song outlined the government’s policy direction for Korea’s ]]>
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    <title><![CDATA[Toss unveils ‘Money 3.0’ blueprint for borderless finance]]></title>
    <link>https://www.koreaherald.com/article/10693893</link>  
    <pubDate>Fri, 13 Mar 2026 15:20:35 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Viva Republica, operator of the fintech platform Toss, said Thursday it is moving toward a new “Money 3.0” era centered on blockchain and stablecoins, outlining its vision at the 2026 Seoul Blockchain Meetup Conference in Seoul. Speaking at the event held at the Seoul Textile Center, Seo Chang-whoon, corporate development director at Toss, introduced the company’s future financial model under the theme “Trust as infrastructure: a digital economy driven by blockchain and stablecoins.” The present]]>
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    <title><![CDATA[Celltrion to accelerate biosimilar pipeline on eased US regulations]]></title>
    <link>https://www.koreaherald.com/article/10693892</link>  
    <pubDate>Fri, 13 Mar 2026 15:20:24 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Celltrion said Friday it will immediately apply newly eased US biosimilar development rules to its pipeline, a move expected to cut development costs and shorten timelines. The decision follows the recent release of the fourth revision of the biosimilar development Q&A guidelines by the US Food and Drug Administration, which simplifies pharmacokinetic testing requirements for biosimilars. A key change in the revision relaxes the criteria for reference drugs used in clinical comparisons. Previous]]>
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    <title><![CDATA[Posco Future M, Sila partner on next-generation battery materials]]></title>
    <link>https://www.koreaherald.com/article/10693889</link>  
    <pubDate>Fri, 13 Mar 2026 15:19:30 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Posco Future M said Friday it has signed a memorandum of understanding with US battery materials firm Sila to jointly develop next-generation battery materials aimed at extending battery lifespan. The agreement was signed Wednesday in Seoul, with Hong Young-jun, head of Posco Future M’s R&D center, and Gleb Yushin, founder and chief technology officer of Sila, attending the ceremony. Under the partnership, Posco Future M will combine its expertise in cathode, anode and carbon materials with Sila]]>
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    <title><![CDATA[Orion’s Ojingeo Peanut turns 50 with fresh new packaging]]></title>
    <link>https://www.koreaherald.com/article/10693885</link>  
    <pubDate>Fri, 13 Mar 2026 15:12:13 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Orion Corp. on Friday unveiled a redesigned package for its iconic snack Ojingeo Peanut to celebrate the product’s 50th anniversary, marking half a century of one of Korea’s most beloved treats. The new design highlights the phrase “50 Years of the Original,” proudly emphasizing the snack’s heritage and long-standing popularity across generations of Korean consumers. First introduced in 1976, Ojingeo Peanut has remained a staple snack thanks to its distinctive texture and flavor. The product is ]]>
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    <title><![CDATA[Coupang CEO joins early-morning delivery shift]]></title>
    <link>https://www.koreaherald.com/article/10693851</link>  
    <pubDate>Fri, 13 Mar 2026 14:34:31 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Coupang CEO Harold Rogers conducted an overnight visit to a logistics site and joined early-morning deliveries, according to industry sources on Friday. Rogers visited a delivery camp near Seongnam in Gyeonggi Province late Thursday night and helped deliver early-morning orders alongside logistics workers in the area. The visit became known after photos believed to show Rogers at the site were posted on an online community by a person identified as a warehouse worker. Coupang confirmed that Roge]]>
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    <title><![CDATA[South Korea to require approval for hiring foreign, dual-national staff at defense firms]]></title>
    <link>https://www.koreaherald.com/article/10693807</link>  
    <pubDate>Fri, 13 Mar 2026 14:05:44 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Defense companies in South Korea will be required to obtain government approval when appointing foreign nationals or dual nationals to executive posts or positions handling defense technologies, according to sources Friday. The requirement is part of revisions to the Defense Acquisition Program Act and the Defense Industry Technology Protection Act, which were recently approved at a Cabinet meeting, sources familiar with the matter said. The move comes amid growing concerns that appointing forei]]>
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    <title><![CDATA[Korean Air to buy back catering unit from Hahn & Co. for W750b]]></title>
    <link>https://www.koreaherald.com/article/10693794</link>  
    <pubDate>Fri, 13 Mar 2026 13:56:17 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Hahn & Co. is selling back Korean Air’s in-flight catering and duty-free retail business to the airline for 750 billion won ($503 million), more than five years after acquiring the unit during the COVID-19 pandemic. The private equity firm said Thursday it has signed definitive agreements to sell its 80 percent stake in Korean Air Catering & Duty Free Service (Korean Air C&D) to the flag carrier. The deal covers 5.01 million shares and is expected to close for about 750 billion won. Once complet]]>
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    <title><![CDATA[From space to seabed: Kim Dong-kwan’s global gambit for Hanwha]]></title>
    <link>https://www.koreaherald.com/article/10693780</link>  
    <pubDate>Fri, 13 Mar 2026 13:37:05 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Ever since Kim Dong-kwan formally debuted at Hanwha Group in 2010, his every move has been under watchful eyes. Industry analysts have long questioned whether the young heir is merely another silver-spoon scion or a leader capable of steering the 70-year-old defense-to-energy giant into its next chapter. Kim, the eldest son of Hanwha Group Chair Kim Seung-youn, spent the past 16 years beating back industry-wide cynicism through performance. Since stepping into a managerial role at Hanwha at age ]]>
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    <title><![CDATA[Canada plant powers LG Energy Solution growth amid EV slowdown]]></title>
    <link>https://www.koreaherald.com/article/10693766</link>  
    <pubDate>Fri, 13 Mar 2026 12:37:22 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[LG Energy Solution’s Canadian battery plant is emerging as a bright spot for the company as the global electric vehicle market slows, offsetting weaker performance at some of its European and US facilities. According to the company’s audit report released Thursday, NextStar Energy, LG Energy Solution’s battery plant in Windsor, Ontario, posted revenue of 362.4 billion won ($268 million) last year, up 22.4 percent from a year earlier. Operating profit reached 53 billion won, surging nearly fivefo]]>
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    <title><![CDATA[KG Mobility ramps up Southeast Asia push with Vietnam KD plant]]></title>
    <link>https://www.koreaherald.com/article/10693765</link>  
    <pubDate>Fri, 13 Mar 2026 12:37:15 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[KG Mobility said Friday it is accelerating its push into Southeast Asia by strengthening cooperation with its Vietnamese knock-down (KD) production partner. The Korean automaker said Chairman Kwak Jae-sun visited Vietnam this week to review production preparations and discuss expanding collaboration with local partner FUTA Group ahead of the company’s market entry. During the visit, Kwak met with FUTA Group Chairman Nguyen Huu Luan at the group’s headquarters in Da Nang to discuss ways to deepen]]>
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    <title><![CDATA[Youngone Holdings lifts dividend 23% on strong earnings]]></title>
    <link>https://www.koreaherald.com/article/10693764</link>  
    <pubDate>Fri, 13 Mar 2026 12:37:08 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Youngone Holdings said Friday it has significantly increased dividends for shareholders, supported by solid earnings growth despite uncertainties in the global fashion industry. The holding company of outdoor apparel manufacturer Youngone Corp. approved a year-end dividend of 4,176 won ($3.09) per share at a recent board meeting. Including interim payouts, the total dividend for 2025 reached 6,576 won per share, up 23 percent from 5,350 won a year earlier. The total dividend payout amounts to 76]]>
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    <title><![CDATA[Why Korea’s wealthy investors are buying the dip]]></title>
    <link>https://www.koreaherald.com/article/10693762</link>  
    <pubDate>Fri, 13 Mar 2026 12:33:00 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Recent weeks have shown once again how quickly geopolitical shocks can ripple through global markets. Tensions in the Middle East pushed oil prices sharply higher and rattled global equities. South Korea’s benchmark Kospi was no exception, suffering a steep pullback that dampened investor sentiment. Although the market has since staged a partial rebound, it has yet to fully regain previous levels. But periods of market turbulence often reveal a clearer picture of investor behavior — especially a]]>
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    <title><![CDATA[Starbucks takes spending crown, Mega Coffee leads visits in Korea]]></title>
    <link>https://www.koreaherald.com/article/10693761</link>  
    <pubDate>Fri, 13 Mar 2026 12:32:49 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Starbucks ranked as the food and beverage retail brand with the highest total spending by Korean consumers, while budget coffee chain Mega Coffee recorded the most transactions, according to data released Friday by market analytics firm Wiseapp Retail. Based on a sample analysis of Korean credit and debit card payments, Starbucks topped the list of food and beverage retail brands by total payment value over the six months from September 2025 to February 2026. When Starbucks’ spending was indexed]]>
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    <title><![CDATA[LS Group rides power supercycle to record earnings]]></title>
    <link>https://www.koreaherald.com/article/10693759</link>  
    <pubDate>Fri, 13 Mar 2026 12:32:42 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[LS Group said Wednesday it posted record revenue and operating profit in 2025, driven by strong demand for power infrastructure during the global “electricity supercycle.” The Korean industrial group reported consolidated revenue of 45.7 trillion won ($31.4 billion) and operating profit of 1.49 trillion won last year, marking the highest figures since its establishment in 2003. Revenue and operating profit rose 9.1 percent and 23.1 percent year-on-year, respectively. LS attributed the strong per]]>
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    <title><![CDATA[Standard Chartered leadership gathers in Seoul for strategy talks]]></title>
    <link>https://www.koreaherald.com/article/10693758</link>  
    <pubDate>Fri, 13 Mar 2026 12:32:35 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Standard Chartered Korea said Friday that senior executives from its parent organization, Standard Chartered, visited Seoul this week to hold a Group Management Team meeting and engage with employees and clients in Korea. The meeting took place from Monday to Wednesday at Standard Chartered Korea’s headquarters in Jongno, central Seoul. The visit included Standard Chartered Group CEO Bill Winters and other senior executives. Standard Chartered said its global leadership regularly holds managemen]]>
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    <title><![CDATA[Nol Universe partners with Woori Bank on prepaid card for foreign tourists]]></title>
    <link>https://www.koreaherald.com/article/10693691</link>  
    <pubDate>Fri, 13 Mar 2026 11:35:19 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Nol Universe, a South Korean travel and entertainment platform operator, said Friday it has signed a memorandum of understanding with Woori Bank and Kona I to launch a prepaid card service tailored for foreign visitors to Korea. The agreement aims to improve financial accessibility and payment convenience for international tourists. The three companies plan to develop the necessary infrastructure ahead of the card’s official launch in April. The prepaid card will be offered through Nol World, No]]>
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    <title><![CDATA[Samsung Heavy launches US research hub in San Diego with SDSU]]></title>
    <link>https://www.koreaherald.com/article/10693658</link>  
    <pubDate>Fri, 13 Mar 2026 11:28:11 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Samsung Heavy Industries said Friday it has opened its first research hub in the United States in partnership with San Diego State University, aiming to strengthen technological cooperation and support the revival of the US shipbuilding industry. The new facility, named the SHI-SDSU Advanced Maritime Center (SSAM Center), was established in San Diego. The opening ceremony was attended by about 60 officials, including Samsung Heavy Industries Chief Operating Officer Lee Wang-keun, SDSU Vice Presi]]>
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    <title><![CDATA[AI demand pushes LG Innotek chip substrate lines near full capacity]]></title>
    <link>https://www.koreaherald.com/article/10693624</link>  
    <pubDate>Fri, 13 Mar 2026 11:13:14 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[LG Innotek’s semiconductor substrate business is emerging as a key growth engine, with factories running at 80 percent of capacity as demand rises alongside the expansion of artificial intelligence infrastructure. According to the company’s 2025 business report released Thursday, the average use rate of its semiconductor substrate lines reached 80.8 percent last year, up sharply from 63.2 percent in 2023 and 75.6 percent in 2024. The rebound has driven strong growth in LG Innotek’s Package Solut]]>
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    <title><![CDATA[Mirae Asset US defense ETF tops W100b amid geopolitical tensions]]></title>
    <link>https://www.koreaherald.com/article/10693623</link>  
    <pubDate>Fri, 13 Mar 2026 11:13:07 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Mirae Asset Global Investments said Friday that the net assets of its Tiger US Defense Top10 ETF have surpassed 100 billion won ($75 million), as rising geopolitical tensions and expectations of higher US defense spending draw investor interest to American defense stocks. According to the Korea Exchange, the ETF’s net assets reached 110.8 billion won as of Thursday, expanding roughly fourfold since the beginning of the year. The fund has gained 21 percent year-to-date, significantly outperformin]]>
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    <title><![CDATA[Krafton, Hanwha Aerospace team up on physical AI venture]]></title>
    <link>https://www.koreaherald.com/article/10693616</link>  
    <pubDate>Fri, 13 Mar 2026 11:09:59 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Krafton and Hanwha Aerospace said Friday they have signed a memorandum of understanding to jointly develop physical artificial intelligence technology and establish a joint venture aimed at commercializing the technology. Krafton, the South Korean game developer best known for the global hit video game PUBG: Battlegrounds, is expanding its focus beyond gaming into AI and robotics. Hanwha Aerospace, the defense and aerospace arm of Hanwha Group, develops military systems including aircraft engine]]>
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    <title><![CDATA[Foreign stock outflows hit record in February as investors take profits]]></title>
    <link>https://www.koreaherald.com/article/10693594</link>  
    <pubDate>Fri, 13 Mar 2026 10:57:56 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Foreign investors pulled a record amount of funds from South Korea’s stock market last month as they locked in profits following a rally, central bank data showed Thursday. According to a report on international finance and foreign exchange markets released by the Bank of Korea, foreign investors sold $7.76 billion more Korean securities than they bought in February. The February figure marked the second-largest net outflow on record and ended a five-month streak of net inflows that had continue]]>
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    <title><![CDATA[PM Kim Min-seok meets Vance in Washington to discuss trade, investment plan]]></title>
    <link>https://www.koreaherald.com/article/10693575</link>  
    <pubDate>Fri, 13 Mar 2026 10:49:25 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korean Prime Minister Kim Min-seok met US Vice President JD Vance in Washington on Thursday, where the two discussed bilateral trade issues, including the implementation of a Korea-US investment framework agreed upon by President Lee Jae Myung and US President Donald Trump last year. Vance welcomed the South Korean National Assembly passing the US investment bill, and called for continued close cooperation between the two countries, South Korean the Prime Minister&apos;s Office said Friday. &quot;(I]]>
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    <title><![CDATA[Mercedes-Benz Korea partners with chef Son Jong-won in brand campaign]]></title>
    <link>https://www.koreaherald.com/article/10693520</link>  
    <pubDate>Fri, 13 Mar 2026 10:15:30 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Mercedes-Benz Korea has launched a brand partnership program called “Mercedes-Benz Mate,” collaborating with renowned individuals across fields to communicate the brand’s values to the public in a more approachable way. As the first partner in the program, the company has teamed up with Son Jong-won, a prominent figure in Korea’s fine-dining scene. Son currently operates a French fine-dining restaurant and a Korean restaurant, both of which hold one Michelin star. Under the partnership, Son will]]>
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    <title><![CDATA[STGEN Bio bets W110b on biologics capacity expansion]]></title>
    <link>https://www.koreaherald.com/article/10693517</link>  
    <pubDate>Fri, 13 Mar 2026 10:15:08 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[STGEN Bio, a South Korean biopharmaceutical contract development and manufacturing organization, said Friday it will invest about 110 billion won ($82 million) to expand its biopharmaceutical manufacturing facilities, aiming to strengthen its global position amid rising demand for biologics. The investment will be used to expand the company’s drug substance and drug product production facilities, along with upgrades to related infrastructure. Construction is scheduled to begin in the first quart]]>
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    <title><![CDATA[Korean won falls against dollar amid oil price surge over supply concerns]]></title>
    <link>https://www.koreaherald.com/article/10693433</link>  
    <pubDate>Fri, 13 Mar 2026 09:31:30 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[The South Korean currency fell against the US dollar Friday as global oil prices surged amid heightened tensions in the Middle East. The won opened at 1,490.6 per dollar, down 9.4 won from the previous session. The weakness came as global oil prices spiked again overnight, hovering around $100 per barrel, after Iran&apos;s new leader, Mojtaba Khamenei, warned that the Strait of Hormuz would remain closed, raising concerns about supply disruptions and escalating tensions in the Middle East. The foreig]]>
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    <title><![CDATA[Seoul shares open sharply lower as new Iran leader vows to keep Hormuz blockade]]></title>
    <link>https://www.koreaherald.com/article/10693400</link>  
    <pubDate>Fri, 13 Mar 2026 09:13:34 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korean stocks started sharply lower Friday after the new Iranian leader vowed to maintain the blockade of the crucial Middle East waterway, pushing global crude prices toward the $100 level. The benchmark Korea Composite Stock Price Index (KOSPI) fell 170.86 points, or 3.06 percent, to 5,412.39 at the opening bell. The index edged down 0.48 percent Thursday. Overnight, the Dow Jones Industrial Average shed 1.56 percent to its lowest point this year. The tech-heavy Nasdaq Composite fell 1.7]]>
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    <title><![CDATA[Seoul shares close lower on extended Middle East tension; won sharply down]]></title>
    <link>https://www.koreaherald.com/article/10693104</link>  
    <pubDate>Thu, 12 Mar 2026 16:48:47 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korean stocks closed lower Thursday amid escalating tensions in the Strait of Hormuz, which triggered extreme volatility in global oil prices. The local currency fell sharply against the greenback. The Korea Composite Stock Price Index moved down 26.7 points, or 0.48 percent, to close at 5,583.25. Trade volume was heavy at 794.1 billion shares worth 23.6 trillion won ($15.9 billion), with gainers outpacing losers 569 to 321. Foreigners sold a net 2.36 trillion won while individuals bought ]]>
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    <title><![CDATA[US trade probe puts pressure on South Korea over surplus]]></title>
    <link>https://www.koreaherald.com/article/10693014</link>  
    <pubDate>Thu, 12 Mar 2026 15:24:48 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[The US has launched a sweeping trade investigation into 16 key trading partners, including South Korea, China and Japan, in a move that could set the stage for new tariffs as the Trump administration seeks to restore duties recently struck down by the US Supreme Court. The US Trade Representative Jamieson Greer said Wednesday his office would begin a probe under Section 301 of the 1974 Trade Act. The legal tool allows Washington to investigate foreign trade practices deemed unfair, and depending]]>
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    <title><![CDATA[LG Display to boost capex as OLED sales top 60%]]></title>
    <link>https://www.koreaherald.com/article/10693011</link>  
    <pubDate>Thu, 12 Mar 2026 15:23:38 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[LG Display plans to raise capital expenditure this year to the mid- to upper-2 trillion won range, more than 1 trillion won above the 1.4 trillion won ($947.1 million) it spent in 2025, as the South Korean panel-maker steps up OLED-focused investment. In its 2025 annual report filed Wednesday, LG Display said it spent 1.4 trillion won on facilities to expand production capacity for differentiated products, including organic light-emitting diode, or OLED, panels. For 2026, it said spending will i]]>
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    <title><![CDATA[Line Plus enters AI agent race with ActEngine AI]]></title>
    <link>https://www.koreaherald.com/article/10693000</link>  
    <pubDate>Thu, 12 Mar 2026 15:19:43 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Line Plus, the Korean subsidiary of Line Corporation, on Thursday unveiled ActEngine AI, an artificial intelligence platform designed to automate customer support and sales operations, marking its push into the fast-growing enterprise AI market across Asia. Unlike conventional query-based chatbots, ActEngine AI uses execution-based AI agents capable of performing tasks such as customer service, complaint handling and sales proposals. The platform allows companies to manage and deploy AI agents t]]>
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    <title><![CDATA[NCSoft targets W5tr in revenue by 2030]]></title>
    <link>https://www.koreaherald.com/article/10692991</link>  
    <pubDate>Thu, 12 Mar 2026 15:14:40 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[NCSoft said Thursday it aims to achieve 5 trillion won ($3.4 billion) in annual revenue by 2030, outlining the goal during its 2026 Management Strategy Briefing held at the company’s R&D Center in Pangyo, Seongnam. The game developer presented three core growth strategies: expanding its legacy intellectual property, developing new IPs and growing its mobile casual gaming business, while continuing to strengthen major franchises including Lineage, Aion, Guild Wars 2 and Blade & Soul. To secure ne]]>
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    <title><![CDATA[Why Korean investors are piling into China robotics ETFs]]></title>
    <link>https://www.koreaherald.com/article/10692987</link>  
    <pubDate>Thu, 12 Mar 2026 15:11:45 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[As Korean companies try to reduce exposure to China amid rising geopolitical tensions, Korean retail investors are doing the opposite — increasing their bets on China’s humanoid robotics industry. The contrast highlights a widening gap between corporate strategy and investor sentiment, as many investors see China’s dominance in manufacturing and supply chains as a key advantage in the emerging robotics economy. Humanoid robotics has quickly become one of the most closely watched technology battl]]>
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    <title><![CDATA[Estee Lauder&apos;s Lab Series exits Korea department stores after 35 years]]></title>
    <link>https://www.koreaherald.com/article/10692971</link>  
    <pubDate>Thu, 12 Mar 2026 15:04:06 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[US cosmetics giant Estee Lauder Companies is pulling its men’s skin care brand Lab Series from South Korea’s traditional retail channels after more than three decades, shifting its focus to online and multibrand outlets, industry sources said Thursday. The brand is set to exit all domestic department stores this year — including Lotte Department Store Myeongdong by August — ending a run that began with its debut at the same retailer in 1991. The move marks a retreat for a label that once defined]]>
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    <title><![CDATA[Why Korean memory giants aren&apos;t rushing to expand DRAM supply]]></title>
    <link>https://www.koreaherald.com/article/10692957</link>  
    <pubDate>Thu, 12 Mar 2026 14:55:08 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[The world suddenly cannot get enough memory chips. Artificial intelligence data centers are consuming unprecedented volumes of DRAM, pushing prices higher and squeezing supply for everything from smartphones to laptops. The two companies at the center of that boom, Samsung Electronics and SK hynix, earned more than 72.1 trillion won ($48.7 billion) in operating profit last year. And yet the shortage continues. The question seems obvious. If demand is booming and profits are soaring, why not simp]]>
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    <title><![CDATA[Samsung Biologics showcases CDMO capabilities in Singapore]]></title>
    <link>https://www.koreaherald.com/article/10692904</link>  
    <pubDate>Thu, 12 Mar 2026 14:19:46 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Samsung Biologics has highlighted its contract development and manufacturing organization, or CDMO, capabilities at Biologics Manufacturing Asia 2026 in Singapore, receiving a bioprocessing excellence award during the two-day event. According to Samsung Biologics on Thursday, the Korean CDMO leader presented its top-notch CDO technologies and services at the conference on Wednesday. Lim Heon-chang, director of formulation development at Samsung Biologics’ CDO division, introduced case studies of]]>
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    <title><![CDATA[Autonomous A2Z completes W40.5b funding, gears up for IPO this year]]></title>
    <link>https://www.koreaherald.com/article/10692899</link>  
    <pubDate>Thu, 12 Mar 2026 14:15:35 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Autonomous A2Z said Thursday it has completed a 40.5 billion won ($27.4 million) pre-IPO funding round, bringing its total funding to 122.5 billion won — the largest amount raised by a self-driving startup in Korea. The funding comes ahead of the company’s planned initial public offering later this year at the nation’s tech-heavy Kosdaq. It will support expansion of autonomous mobility projects at home and abroad, as well as investment in infrastructure and talent to advance end-to-end AI-based ]]>
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    <title><![CDATA[Hyosung Heavy secures first ESS project in Australia]]></title>
    <link>https://www.koreaherald.com/article/10692897</link>  
    <pubDate>Thu, 12 Mar 2026 14:15:14 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Hyosung Heavy Industries said Thursday it has signed a 142.5 billion won ($96.3 million) contract in Australia to build energy storage system infrastructure, marking the company’s first ESS supply project in the country. The Korean power equipment manufacturer signed the agreement with Tangkam BESS, an Australian project company, to construct a 100-megawatt, 200-megawatt-hour battery energy storage system in Tangkam, Queensland, near Brisbane on Australia&apos;s eastern coast. The system will be capa]]>
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    <title><![CDATA[GEAN names winners of 2026 e-mobility awards]]></title>
    <link>https://www.koreaherald.com/article/10692893</link>  
    <pubDate>Thu, 12 Mar 2026 14:13:13 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[The Global E-Mobility Alliance Network, or GEAN, based on Jeju Island, said Wednesday it had selected six award recipients for their contributions to advancing the global electric mobility industry. The 2026 GEAN Awards and Special Awards will be presented on March 25, during the opening ceremony of the 13th International e-Mobility Expo, which will take place at Jeju Shinhwa World. Recipients of the 2026 GEAN Awards include South Korean energy solutions provider LS Electric, China’s Nansha Dist]]>
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    <title><![CDATA[KMI partners with Guardant Health on liquid biopsy cancer screening]]></title>
    <link>https://www.koreaherald.com/article/10692886</link>  
    <pubDate>Thu, 12 Mar 2026 14:09:26 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[The Korea Medical Institute said Tuesday it has signed a memorandum of understanding with US-based Guardant Health to collaborate on liquid biopsy-based precision cancer screening. The agreement was signed March 5 at the KMI Foundation headquarters in Seoul, with KMI Chairman Lee Kwang-bae, KMI Strategic Planning Office Head Lee Kwang-yup, Guardant Health AMEA Vice President Divya Mehta, and Guardant Health Korea Country Manager Michael Jung in attendance. Under the partnership, the two organiza]]>
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    <title><![CDATA[Taihan Cable breaks ground on Vietnam UHV cable plant]]></title>
    <link>https://www.koreaherald.com/article/10692820</link>  
    <pubDate>Thu, 12 Mar 2026 12:57:45 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Taihan Cable & Solution said Thursday its Vietnamese subsidiary, Taihan Cable Vina, has begun construction of an ultrahigh voltage cable plant in southern Vietnam, marking the company’s first overseas facility dedicated to 400-kilovolt-class cables. The project is part of the Korean cable maker’s strategy to expand its global manufacturing network and meet rising demand for power grid infrastructure worldwide. The new facility will be built on a 56,200-square-meter site within the Long Thanh Ind]]>
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    <title><![CDATA[Huons wins IND approval for Phase 2 dry eye drug trial]]></title>
    <link>https://www.koreaherald.com/article/10692818</link>  
    <pubDate>Thu, 12 Mar 2026 12:57:32 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Huons, a South Korean pharmaceutical company specializing in ophthalmic and injectable medicines, said Thursday it has received Investigational New Drug approval from the Ministry of Food and Drug Safety to begin a Phase 2 clinical trial of its dry eye treatment candidate. HUC1-394 is a peptide-based ophthalmic solution licensed from Novacell Technology. The drug selectively binds to Formyl Peptide Receptor 2 (FPR2) — a receptor involved in the body’s natural resolution of inflammation — activat]]>
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    <title><![CDATA[Starbucks taps Seoul flavors]]></title>
    <link>https://www.koreaherald.com/article/10692816</link>  
    <pubDate>Thu, 12 Mar 2026 12:57:12 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Starbucks Korea said Thursday it will introduce Seoul-themed beverages — Seoul Makgeolli Cold Brew and Seoul Sunset Omija Fizzio — at 100 stores across Seoul starting Monday. The drinks reinterpret traditional Korean elements, including the aroma of makgeolli, a traditional Korean rice wine, and the sunset over palace ponds. The rollout will begin at stores in major tourist districts such as Myeong-dong, Gwanghwamun and Gangnam, as the number of foreign visitors to Korea reached a record 18.7 mi]]>
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    <title><![CDATA[LG CNS teams up with Palantir on enterprise AI]]></title>
    <link>https://www.koreaherald.com/article/10692781</link>  
    <pubDate>Thu, 12 Mar 2026 11:43:19 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[LG CNS said Wednesday it has signed a strategic partnership with US artificial intelligence software company Palantir to accelerate enterprise AI transformation initiatives. The agreement was announced ahead of Palantir’s AIPCon event, attended by LG CNS CEO Hyun Shin-gyoon and Palantir CEO Alex Karp alongside executives from both companies. Palantir provides enterprise data and AI platforms, including Foundry, which integrates and analyzes large volumes of corporate data, and the Artificial Int]]>
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    <title><![CDATA[[Photo News] Jinro pop-up pocha in Melbourne]]></title>
    <link>https://www.koreaherald.com/article/10692683</link>  
    <pubDate>Thu, 12 Mar 2026 11:17:41 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[HiteJinro said Thursday it opened Jinro Pocha Melbourne, to promote accessibility to the soju brand, on Feb. 27. The space is decorated in the style of a Korean pocha, featuring Jinro’s signature toad figurines and limited-edition merchandise. The menu includes Jinro soju, Terra beer, as well as specialty highballs and cocktails (HiteJinro)]]>
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    <title><![CDATA[Seoul shares open lower amid extended woes over oil prices]]></title>
    <link>https://www.koreaherald.com/article/10692436</link>  
    <pubDate>Thu, 12 Mar 2026 09:10:05 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korean stocks started slightly lower Thursday amid escalating oil price fluctuations sparked by the lingering US-Iran conflict and shipping disruptions at the key waterway in the Middle East. The benchmark Korea Composite Stock Price Index (KOSPI) fell 42.3 points, or 0.75 percent, to 5,567.65 at the opening bell. The index edged up 1.4 percent Wednesday. Overnight, investors sat on the sidelines on Wall Street despite major countries&apos; decisions to release reserve oil amid concerns tension]]>
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    <title><![CDATA[AMD&apos;s Lisa Su to visit S. Korea next week, may meet with Samsung chief]]></title>
    <link>https://www.koreaherald.com/article/10692281</link>  
    <pubDate>Wed, 11 Mar 2026 20:50:22 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Lisa Su, the head of Advanced Micro Devices Inc., is expected to visit South Korea next week and meet with local conglomerate executives, industry sources said Wednesday. The chief executive officer of the US chip giant may arrive in South Korea next Wednesday, in what would be her first trip to the country since taking the position in 2014, the sources said. During her visit, Su is expected to meet with Choi Soo-yeon, the CEO of the country&apos;s largest local portal operator, Naver. A meeting with]]>
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    <title><![CDATA[Samsung SDI warns patent infringement, tech leakage on prismatic batteries]]></title>
    <link>https://www.koreaherald.com/article/10692252</link>  
    <pubDate>Wed, 11 Mar 2026 18:13:52 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Samsung SDI has issued a clear warning against patent infringement and technology leakage in its prismatic battery technology, an area where it holds longstanding competitive edge over rivals. During The Battery Conference, a side event of InterBattery 2026 held at Coex in Seoul on Wednesday, Joo Yong-lak, head of the R&D center at Samsung SDI, emphasized that Samsung SDI would not tolerate unauthorized use of its prismatic battery technology. When asked about its competitors’ recent foray into ]]>
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