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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[SK heiress to head SK Biopharm strategy]]></title>
    <link>https://www.koreaherald.com/article/10629829</link>  
    <pubDate>Thu, 04 Dec 2025 15:37:21 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[SK Biopharmaceuticals Vice President Chey Yoon-chung, daughter of SK Group Chair Chey Tae-won, has been appointed to lead the drug-developing company&apos;s future strategies, as it seeks to reinforce its execution capabilities and respond proactively to rapidly changing global market conditions. According to SK Biopharmaceuticals on Thursday, Chey, who has headed its business development department, will be in charge of the firm&apos;s strategy department starting Jan. 1. The strategy department will ove]]>
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    <title><![CDATA[US tariff cuts on Korean autos, aircraft ease export uncertainty]]></title>
    <link>https://www.koreaherald.com/article/10629820</link>  
    <pubDate>Thu, 04 Dec 2025 15:31:46 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[The US has confirmed a tariff cut to 15 percent on key South Korean imports such as automobiles, aircraft and lumber in the Federal Register, prompting relief from Seoul and industry groups that say the move eases a major source of trade uncertainty. The implementation comes a little over four months after negotiators first secured a framework deal in July to cut the tariffs in return for Korea’s pledge to invest $350 billion. After months of deadlocks, the two countries finalized the deal in Oc]]>
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    <title><![CDATA[Posco Future M partners with Factorial to co-develop solid-state battery materials]]></title>
    <link>https://www.koreaherald.com/article/10629803</link>  
    <pubDate>Thu, 04 Dec 2025 15:19:39 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Posco Future M, the battery materials subsidiary of Posco Group, said Thursday it has signed a strategic partnership with US solid-state battery developer Factorial Energy to co-develop next-generation EV battery materials. The memorandum of understanding, signed Nov. 25 at the Future Battery Forum in Berlin, aims to strengthen Posco’s position in the solid-state sector — widely viewed as the next major leap in electric mobility due to its improved safety and higher energy density. Solid-state b]]>
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    <title><![CDATA[LS Electric expands Busan complex to triple UHV transformer output]]></title>
    <link>https://www.koreaherald.com/article/10629796</link>  
    <pubDate>Thu, 04 Dec 2025 15:14:02 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[LS Electric completed construction of a second ultrahigh-voltage transformer plant in Busan on Thursday, stepping up its global expansion with a focus on North America. With the addition, LS now operates a full product lineup spanning ultrahigh-voltage transformers, transmission, substation and distribution systems. LS’ Busan complex is also Korea’s only production base for high-voltage direct-current transformers, positioning the company to respond quickly to rising government demand for HVDC t]]>
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    <title><![CDATA[Worries in Taiwan linger after Coupang leak hits Korea]]></title>
    <link>https://www.koreaherald.com/article/10629768</link>  
    <pubDate>Thu, 04 Dec 2025 14:58:50 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Coupang’s sweeping data leak has laid bare what many call a double standard in its cybersecurity practices, in which the company prioritizes protections in Taiwan while leaving its core Korean market more vulnerable. While the data of millions of users in Korea was being exposed for months, Coupang’s Taiwan unit announced on Oct. 21 that it had introduced Fast Identity Online, branded as “Coupang Passkey,” a password-free login system using biometric verification. The company said the feature is]]>
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    <title><![CDATA[Celltrion ADC candidate gets FDA fast track designation]]></title>
    <link>https://www.koreaherald.com/article/10629763</link>  
    <pubDate>Thu, 04 Dec 2025 14:53:18 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Celltrion announced Thursday that CT-P70, its novel antibody-drug conjugate candidate for lung cancer, has received fast track designation from the US Food and Drug Administration. ADCs are next-generation therapies that connect a powerful cancer-killing drug to an antibody. This design allows the treatment to directly attack cancer cells while minimizing damage to healthy tissue. The fast track designation, granted to drugs addressing serious conditions with unmet medical needs, facilitates mor]]>
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    <title><![CDATA[Hana Financial, Dunamu join forces on blockchain-based remittance system]]></title>
    <link>https://www.koreaherald.com/article/10629754</link>  
    <pubDate>Thu, 04 Dec 2025 14:45:37 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Hana Financial Group and Dunamu, operator of crypto exchange Upbit, agreed to jointly develop blockchain-enabled financial services as major Korean players accelerate their push into next-generation payment and settlement infrastructure. The companies said Thursday they signed a memorandum of understanding to collaborate on building new financial rails using blockchain. The partnership will cover the development of an overseas remittance system, the introduction of new technology across Hana’s f]]>
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    <title><![CDATA[OpenAI Korea ups &apos;Stargate&apos; push with Samsung, SK]]></title>
    <link>https://www.koreaherald.com/article/10629728</link>  
    <pubDate>Thu, 04 Dec 2025 14:21:59 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[OpenAI Korea is accelerating efforts to establish a next-generation AI infrastructure in Korea through its “Stargate Project,” partnering with Samsung Group and SK Group to position the country as a critical node in the global AI supply chain, the company said Thursday. At his first press briefing since taking office in September, Kim Kyoung-hoon, general manager of OpenAI Korea, outlined the initiative as a major push to rapidly expand Korea’s AI ecosystem. “In Korea, we are advancing the Starg]]>
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    <title><![CDATA[Hyundai Motor revamps leadership in key markets]]></title>
    <link>https://www.koreaherald.com/article/10629718</link>  
    <pubDate>Thu, 04 Dec 2025 14:14:32 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Hyundai Motor Group has reshuffled top leadership in key markets, including Korea, China and India, as it seeks to strengthen sales and better navigate global uncertainties. According to industry sources Thursday, Kim Seung-chan, head of Hyundai’s domestic sales division, has been promoted to executive vice president and appointed chief of the domestic business division. Kim, a veteran sales strategist with extensive field experience, is now tasked with boosting Hyundai’s market share and improv]]>
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    <title><![CDATA[Architecture dances to rhythm of music at Global Biz Forum]]></title>
    <link>https://www.koreaherald.com/article/10629604</link>  
    <pubDate>Thu, 04 Dec 2025 11:30:51 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Architecture and music — one grounded in space, the other in sound — reveal surprising parallels through the insights of architect Hong Tae-sun, who explored their mutual roots in creativity at the eighth edition of the Global Biz Forum hosted by The Korea Herald and Herald Business. The Wednesday session, titled &quot;BIG: Designing the Future,&quot; was held at the Prugio Summit Gallery in Gangnam, southern Seoul. “Both music and architecture involve the layering of multiple elements to create depth,” e]]>
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    <title><![CDATA[Exports for 2025 poised to surpass $700b for 1st time on chip, auto shipments]]></title>
    <link>https://www.koreaherald.com/article/10629425</link>  
    <pubDate>Thu, 04 Dec 2025 10:27:48 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korea&apos;s yearly exports are expected to hit a record high in 2025 on the back of strong performance by key export items, such as semiconductors, automobiles and ships, the industry ministry said Thursday. From January to November, outbound shipments reached an all-time high of $640.2 billion for the period, compared with a previous record of $628.7 billion posted in 2022, the Ministry of Trade, Industry and Resources said. According to the ministry, annual exports for 2025 are poised to sur]]>
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    <title><![CDATA[Export uncertainties eased as US confirms lowered tariffs for S. Korean auto, aircraft, lumber goods: minister]]></title>
    <link>https://www.koreaherald.com/article/10629420</link>  
    <pubDate>Thu, 04 Dec 2025 10:22:16 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Uncertainties surrounding South Korea&apos;s exports have partially eased as the United States confirmed the lowering of tariffs on Korean automobile, aircraft and lumber imports on the Federal Register, Seoul Industry Minister Kim Jung-kwan said Thursday. &quot;It is fortunate that the US administration has finalized tariff reductions on our major export items, such as automobiles and auto parts, aircraft and aircraft components, and lumber products, which are our largest export categories to the US,&quot; Ki]]>
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    <title><![CDATA[Seoul shares open lower despite overnight US gains]]></title>
    <link>https://www.koreaherald.com/article/10629326</link>  
    <pubDate>Thu, 04 Dec 2025 09:36:31 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korean stocks opened lower Thursday, despite overnight US gains. The benchmark Korea Composite Stock Price Index lost 29.24 points, or 0.72 percent, to 4,007.06 in the first 15 minutes of trading. Overnight, Wall Street closed higher on hopes that the Federal Reserve will cut interest rates next week. The S&P 500 added 0.3 percent, and the Dow Jones Industrial Average was up 0.86 percent while the tech-heavy Nasdaq composite was 0.17 percent higher. In Seoul, most-large cap shares traded l]]>
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    <title><![CDATA[US gov&apos;t puts S. Korea-US tariff deal on Federal Register]]></title>
    <link>https://www.koreaherald.com/article/10629142</link>  
    <pubDate>Wed, 03 Dec 2025 23:51:18 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[US President Donald Trump&apos;s administration on Wednesday posted on the Federal Register a notice on the implementation of a South Korea-US trade and investment deal, including a reduced tariff rate of 15 percent on Korean autos retroactive to Nov. 1. The Office of the US Trade Representative and the Department of Commerce posted the document to implement certain tariff-related elements of the US-Korea Strategic Trade and Investment Deal ahead of its official publication date set for Thursday. The]]>
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    <title><![CDATA[Lee says Trump proposed 5:5 partnership for uranium enrichment project]]></title>
    <link>https://www.koreaherald.com/article/10629116</link>  
    <pubDate>Wed, 03 Dec 2025 20:50:50 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[President Lee Jae Myung said Wednesday that US President Donald Trump proposed the two countries form a 5:5 partnership to achieve South Korea&apos;s aim of enriching uranium and reprocessing spent nuclear fuel on its soil. Lee disclosed what he said was Trump&apos;s proposal at a recent summit meeting during a press conference with the foreign press that marked one year since former President Yoon Suk Yeol&apos;s failed imposition of martial law. &quot;In the end, we agreed to partner,&quot; Lee said, adding that Trump]]>
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    <title><![CDATA[Netmarble confirms additional leak of 8,000 personal data records following major hacking incident]]></title>
    <link>https://www.koreaherald.com/article/10629106</link>  
    <pubDate>Wed, 03 Dec 2025 19:08:33 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korean gaming giant Netmarble Corp. has identified an additional leak of around 8,000 personal data records, the company said Wednesday, following a hacking incident that exposed the information of 6.11 million users. Netmarble said in a notice posted on its website that the newly confirmed breach was uncovered during an internal investigation conducted after the initial cyber intrusion. According to the company, the newly leaked data includes various information, including 3,185 customer ]]>
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    <title><![CDATA[Samsung&apos;s GDDR7 wins Presidential Prize as key memory in AI era]]></title>
    <link>https://www.koreaherald.com/article/10628945</link>  
    <pubDate>Wed, 03 Dec 2025 16:10:14 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Samsung’s 24-gigabit GDDR7 DRAM, introduced in late 2024, has received South Korea’s top government technology award just as it nears commercial deployment in next-generation graphics processing units and artificial intelligence systems. Awarded the Presidential Prize at the 2025 Korea Tech Festival on Wednesday, Samsung’s chip is recognized for both technical innovation and its growing role in the AI hardware market. Built on a 12-nanometer process, the GDDR7 chip delivers a peak bandwidth of 4]]>
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    <title><![CDATA[LG Innotek to showcase auto tech vision at CES 2026]]></title>
    <link>https://www.koreaherald.com/article/10628943</link>  
    <pubDate>Wed, 03 Dec 2025 16:10:02 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[LG Innotek will use CES 2026 to introduce a more consumer-facing vision of its automotive technology, unveiling integrated systems for autonomous driving and electric vehicles that go beyond its traditional role as a camera component supplier for global device brands like Apple. The company said Wednesday that it plans to install two full-scale vehicle mockups at the entrance of the Las Vegas Convention Center West Hall during CES, formerly known as the Consumer Electronics Show, which runs from]]>
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    <title><![CDATA[Seoul shares up over 1% on positive Q3 GDP report; won rises slightly]]></title>
    <link>https://www.koreaherald.com/article/10628938</link>  
    <pubDate>Wed, 03 Dec 2025 16:05:28 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Seoul shares shot up more than 1 percent to close above the 4,000 point mark Wednesday as investors&apos; sentiment was boosted after the Bank of Korea said the economy expanded at the fastest pace in nearly four years in the third quarter on strong exports. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index added 41.37 points, or 1.04 percent, to close at 4,036.3. It was the first time the index finished above 4,000 since Nov. 20. Trade volume was low at 286 m]]>
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    <title><![CDATA[Yuhan-Kimberly wins presidential honor for recycling innovation]]></title>
    <link>https://www.koreaherald.com/article/10628885</link>  
    <pubDate>Wed, 03 Dec 2025 15:08:30 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Yuhan-Kimberly, the nation&apos;s leading hygiene product manufacturer, received a presidential citation Tuesday for its contributions to resource recycling and greenhouse gas reduction. The company was honored for its “Bi:Cycle” campaign, a recycling initiative carried out with 35 partners including companies, local governments and public institutions. Yuhan-Kimberly supplies around 10,000 tons of Kleenex hand towels annually. Although dried hand towels are recyclable, most have long been discarded ]]>
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    <title><![CDATA[SK Biopharm secures Actinium-225 supply in Europe with Eckert & Ziegler deal]]></title>
    <link>https://www.koreaherald.com/article/10628878</link>  
    <pubDate>Wed, 03 Dec 2025 15:04:08 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[SK Biopharmaceuticals said Wednesday it has signed a supply agreement with Germany’s Eckert & Ziegler, a leading radioisotope company, to procure Actinium-225 — a critical material used in next-generation cancer therapies. The deal establishes a European supply base for the company’s radiopharmaceutical pipeline, helping secure access to a resource considered essential for successful drug development. Actinium-225 is a key isotope used in radiopharmaceutical therapy, a targeted treatment that de]]>
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    <title><![CDATA[Shinhan chair&apos;s Ddangyo bet: How finance giant disrupted food delivery]]></title>
    <link>https://www.koreaherald.com/article/10628856</link>  
    <pubDate>Wed, 03 Dec 2025 14:52:23 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[When Shinhan Financial Group Chair Jin Ok-dong sent his bank into the food delivery business, critics scoffed at the idea of a financial giant chasing chicken-and-beer orders. But four years later, Ddangyo — Shinhan’s ultra-low-fee delivery app — is rewriting the rules of competition in Korea’s delivery market and reframing how a bank can wield its power for social impact. For Jin, Ddangyo was never about chasing tech multiples. It was a business expression of his long-held principle that financ]]>
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    <title><![CDATA[Coupang executive sell-off draws scrutiny]]></title>
    <link>https://www.koreaherald.com/article/10628846</link>  
    <pubDate>Wed, 03 Dec 2025 14:45:29 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Senior executives at Coupang sold troves of company stock in mid-November — days before the company formally disclosed a massive data breach — timing that has sparked investor concern despite the trades being officially preplanned. According to US Securities and Exchange Commission filings, Chief Financial Officer Gaurav Anand sold 75,350 shares on Nov. 10 at $29.02 apiece, totaling about $2.2 million. Pranam Kolari, then the vice president of engineering responsible for search and recommendatio]]>
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    <title><![CDATA[Doosan Bobcat in talks to acquire Germany’s Wacker Neuson]]></title>
    <link>https://www.koreaherald.com/article/10628833</link>  
    <pubDate>Wed, 03 Dec 2025 14:38:35 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Doosan Bobcat is in talks to acquire Wacker Neuson, a German construction equipment-maker, in a move that could expand the South Korean industrial machinery builder&apos;s presence in Europe. Wacker Neuson confirmed earlier media reports on Tuesday, disclosing that its executive board is in “advanced discussion” with Doosan Bobcat regarding a possible acquisition of a majority stake in the company. It added that Doosan Bobcat is considering purchasing about 63 percent of the company’s share from majo]]>
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    <title><![CDATA[Samsung SDI wins top tech award for ESS safety innovation]]></title>
    <link>https://www.koreaherald.com/article/10628769</link>  
    <pubDate>Wed, 03 Dec 2025 13:31:38 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Samsung SDI said Wednesday it has received the Minister of Trade, Industry, and Resources Award at the 2025 Korea Tech Festival, recognized for breakthrough technologies enhancing the safety and cost-efficiency of energy storage systems. The honor, presented at Coex in southern Seoul, makes Samsung SDI the only Korean battery-maker recognized this year with a Republic of Korea Technology Award, the nation’s highest technical distinction. The awarded technology powers the Samsung Battery Box, an ]]>
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    <title><![CDATA[Olive Young hits W1tr in sales to foreign tourists]]></title>
    <link>https://www.koreaherald.com/article/10628768</link>  
    <pubDate>Wed, 03 Dec 2025 13:30:57 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[CJ Olive Young said Wednesday its offline store purchases by foreign tourists surpassed 1 trillion won ($680 million) this year through November, propelled by growing global interest in Korean beauty. This figure represents a roughly 26-fold surge from 2022, when Korea was emerging from the COVID-19 pandemic. Foreign shoppers made up just 2 percent of offline sales that year, before climbing into the double digits in 2023 and surpassing 25 percent in 2024, the retailer said. To capture rising de]]>
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    <title><![CDATA[Seoul shares open slightly higher on Wall Street gains]]></title>
    <link>https://www.koreaherald.com/article/10628449</link>  
    <pubDate>Wed, 03 Dec 2025 09:31:00 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korean stocks opened slightly higher Wednesday tracking overnight gains on Wall Street led by improved appetite for tech shares. The benchmark Korea Composite Stock Price Index added 3.72 points, or 0.09 percent, to 3,998.65 in the first 15 minutes of trading. Overnight on Wall Street, the S&P 500 added 0.25 percent, and the Dow Jones Industrial Average gained 0.39 percent. The tech-heavy Nasdaq composite increased 0.59 percent. In Seoul, top tech giant Samsung Electronics rose 1.16 percen]]>
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    <title><![CDATA[S. Korea&apos;s foreign reserves rise to over 3-yr high in Nov.]]></title>
    <link>https://www.koreaherald.com/article/10628442</link>  
    <pubDate>Wed, 03 Dec 2025 09:28:18 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korea&apos;s foreign reserves rose for the sixth consecutive month in November to reach a three-year high, the central bank said Wednesday. The country&apos;s foreign reserves had stood at $430.66 billion as of end-November, up $1.84 billion from a month earlier, according to the data from the Bank of Korea. It marked the highest level since August 2022, when the figure stood at $436.43 billion. The increase was largely attributable to an increase in investment income and a rise in foreign currency ]]>
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    <title><![CDATA[S. Korea posts 1.3% Q3 GDP growth, faster than initial estimate: BOK]]></title>
    <link>https://www.koreaherald.com/article/10628428</link>  
    <pubDate>Wed, 03 Dec 2025 09:20:57 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korea&apos;s economy expanded at the fastest pace in nearly four years in the third quarter, buoyed by strong exports and improving private consumption, central bank data showed Wednesday. The real gross domestic product rose 1.3 percent in the July-September period from the previous quarter, 0.1 percentage point higher than the earlier estimate, according to preliminary data from the Bank of Korea. The reading marked the fastest quarterly expansion since the fourth quarter of 2021, when the ec]]>
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    <title><![CDATA[OECD maintains S. Korea&apos;s 2025 growth outlook at 1 pct, projects improvement in 2026]]></title>
    <link>https://www.koreaherald.com/article/10628207</link>  
    <pubDate>Tue, 02 Dec 2025 19:24:46 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[The Organization for Economic Cooperation and Development on Tuesday maintained its growth forecast for the South Korean economy at 1 percent this year, while projecting an improvement in 2026, according to Seoul&apos;s finance ministry. &quot;Growth is picking up,&quot; the OECD said in a report released by the ministry, noting the country&apos;s real gross domestic product, a key measure of economic growth, is expected to weaken to 1 percent in 2025 before rising to 2.1 percent both in 2026 and 2027. The latest 2]]>
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    <title><![CDATA[[Gadget Review] Galaxy Z TriFold blurs line between phone and tablet]]></title>
    <link>https://www.koreaherald.com/article/10628188</link>  
    <pubDate>Tue, 02 Dec 2025 18:07:13 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Samsung Electronics has pushed the foldables category into uncharted territory with the Galaxy Z TriFold — its first triple-folding smartphone and arguably its boldest experiment in mobile design since the original Galaxy Fold. Unveiled Tuesday, the device blurs the line between phone and tablet more seamlessly than any Samsung model to date, signaling a new phase in form factor evolution. Fully unfolded, the Galaxy Z TriFold reveals a 10-inch display, delivering a viewing experience comparable ]]>
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    <title><![CDATA[Seoul shares end almost 2% higher on chip, auto gains]]></title>
    <link>https://www.koreaherald.com/article/10628156</link>  
    <pubDate>Tue, 02 Dec 2025 17:21:06 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korean stocks closed sharply higher Tuesday, snapping a three-day losing streak, buoyed by gains in major chipmakers and automakers, as the United States has confirmed that tariff rates on imports from Seoul would be lowered to 15 percent retroactively. The Korean won increased against the US dollar. The benchmark Korea Composite Stock Price Index added 74.56 points, or 1.9 percent, to close at 3,994.93. Trade volume was moderate at 315.13 million shares worth 12.23 trillion won ($8.32 bil]]>
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    <title><![CDATA[How ex-employee exposed 33.7 million users: Coupang&apos;s security gaps explained]]></title>
    <link>https://www.koreaherald.com/article/10628044</link>  
    <pubDate>Tue, 02 Dec 2025 15:36:47 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Fear is mounting over large-scale personal data breaches in Korea, with the latest incident at Coupang exposing information from 33.7 million users. The leak — believed to have been carried out by a former insider — has raised broader questions about how vulnerable major platforms remain despite heavy spending on cybersecurity. This explainer breaks down what happened, why insider attacks are uniquely hard to prevent, and what experts say needs to change. The leak affected nearly every Coupang u]]>
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    <title><![CDATA[CJ, CP Group partner to expand K-food in Southeast Asia]]></title>
    <link>https://www.koreaherald.com/article/10628029</link>  
    <pubDate>Tue, 02 Dec 2025 15:17:48 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[CJ CheilJedang said Tuesday it has signed a strategic partnership with CP Axtra, the retail arm of Thailand’s largest conglomerate Charoen Pokphand Group (CP Group), to accelerate the distribution of K-food products across Southeast Asia. The memorandum of understanding, signed Monday at CJ’s Seoul headquarters, commits the two companies to combining CJ’s product development capabilities with CP Axtra’s extensive retail network. CP Group dominates Thailand’s retail sector. Its subsidiary CP Axtr]]>
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    <title><![CDATA[Is Coupang too deeply embedded? Users conflicted over next steps]]></title>
    <link>https://www.koreaherald.com/article/10628018</link>  
    <pubDate>Tue, 02 Dec 2025 15:03:33 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[The fate of South Korea’s largest e-commerce platform, Coupang, hangs in the balance after a devastating data breach that exposed nearly all of its 33.7 million user accounts, a crisis of exceptional weight given how embedded the platform is in the daily lives of millions. There is outrage among the nearly three-quarters of the population affected by the cybersecurity lapse that led to the leakage of consumer data, including names, phone numbers, email addresses and shipping addresses. But many ]]>
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    <title><![CDATA[Celltrion, Galux partner on multispecific antibody drugs]]></title>
    <link>https://www.koreaherald.com/article/10628017</link>  
    <pubDate>Tue, 02 Dec 2025 15:02:49 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Korean biopharma giant Celltrion has teamed up with artificial intelligence drug design startup Galux to co-develop next-generation autoimmune disease therapies using multispecific antibodies, the companies said Tuesday. Under the collaboration, Galux will handle AI-based antibody design and early-stage validation, while Celltrion will lead preclinical and clinical development and commercialization. The companies aim to establish a faster, more efficient model that shortens the path from candida]]>
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    <title><![CDATA[US confirms retroactive cut of Korean auto tariffs to 15%]]></title>
    <link>https://www.koreaherald.com/article/10628014</link>  
    <pubDate>Tue, 02 Dec 2025 14:58:43 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[The US has confirmed it reduced tariffs on South Korean automobiles from 25 percent to 15 percent, effective retroactively to Nov. 1, a move expected to ease uncertainty and cost pressures for automakers such as Hyundai and Kia. The reduced rate comes after Seoul on Nov. 26 introduced legislation in parliament tied to the country’s $350 billion investment pledge in the US, a prerequisite outlined in the bilateral memorandum of understanding signed on Nov. 14. The memorandum stipulated that tarif]]>
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    <title><![CDATA[K-defense climbs global rankings on Europe export boom]]></title>
    <link>https://www.koreaherald.com/article/10628008</link>  
    <pubDate>Tue, 02 Dec 2025 14:54:21 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Korea’s four major defense companies — Hanwha Group, Hyundai Rotem, LIG Nex1 and Korea Aerospace Industries — boosted their combined arms revenues by 31 percent to $14.1 billion last year, cementing their positions on the world’s top 100 arms producers. According to the Stockholm International Peace Research Institute’s 2024 Top 100 report released Tuesday, all four Korean firms made the list for the second consecutive year, reflecting the country’s rapid ascent as a global defense exporter. Han]]>
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    <title><![CDATA[Woori unveils four-person shortlist for group chair]]></title>
    <link>https://www.koreaherald.com/article/10628004</link>  
    <pubDate>Tue, 02 Dec 2025 14:52:30 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Woori Financial Group on Tuesday unveiled its shortlist for its next chair, naming current Chair and CEO Yim Jong-yong and banking chief Jung Jin-wan among the four candidates. The list also includes two external contenders whose names were withheld for privacy reasons. The nominations follow the launch of the group’s succession process in late October, during which the executive nomination committee reviewed candidates’ management performance through internal and external evaluations, results f]]>
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    <title><![CDATA[Paris Baguette opens 700th overseas outlet]]></title>
    <link>https://www.koreaherald.com/article/10627997</link>  
    <pubDate>Tue, 02 Dec 2025 14:49:36 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Paris Baguette, the bakery brand operated by South Korean food conglomerate SPC Group, said Tuesday it has opened a new store at Westfield London — marking its 700th overseas outlet and underscoring the brand’s accelerating global expansion. The milestone comes just a year after Paris Baguette surpassed 600 international stores in October 2024, reflecting the pace of its overseas growth. The Westfield location is the brand’s fourth UK store, following openings at Battersea Power Station, Kensing]]>
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    <title><![CDATA[CJ OliveNetworks drives AI shift with smart factory tech]]></title>
    <link>https://www.koreaherald.com/article/10627996</link>  
    <pubDate>Tue, 02 Dec 2025 14:48:24 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[CJ OliveNetworks is stepping up efforts to drive digital transformation in Korea’s food and beverage industries, leveraging smart manufacturing and logistics technologies to help companies accelerate AI-powered operations, the company said Tuesday. The push draws on the company’s technological expertise gained from developing and operating information technology services across the CJ Group. Korea’s premium distilled soju brand Hwayo has adopted CJ’s Factory One smart factory system at its Yeoju]]>
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    <title><![CDATA[[Photo News] Kakao Bank wins top anti–money laundering award]]></title>
    <link>https://www.koreaherald.com/article/10627976</link>  
    <pubDate>Tue, 02 Dec 2025 14:34:25 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[]]>
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    <title><![CDATA[Triple play: Samsung opens future of phones with Galaxy Z TriFold]]></title>
    <link>https://www.koreaherald.com/article/10627975</link>  
    <pubDate>Tue, 02 Dec 2025 14:32:52 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Samsung Electronics on Tuesday unveiled the Galaxy Z TriFold, its most ambitious entry yet in the foldables category — a device the tech giant hopes will reinvigorate a global smartphone market weighed down by stagnant demand and limited innovation. At a press event in Seoul, Lim Sung-taek, Samsung’s vice president of domestic sales, described the TriFold as “the most advanced and innovative product the company has ever created,” positioning it as a demonstration of Samsung’s engineering leaders]]>
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    <title><![CDATA[Most-in-demand skill? New report points to facility safety managers with electrical licenses]]></title>
    <link>https://www.koreaherald.com/article/10627954</link>  
    <pubDate>Tue, 02 Dec 2025 14:11:04 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Electrical certifications are the most sought-after qualifications among Korean companies, a report showed Tuesday. According to the study of 138,353 job postings analyzed by the Korea Employment Information Service, over over 22,000 sought candidates with electrical-related licenses -- 12,082 for qualified industrial electrical engineers and another 10,323 for qualified electrical engineers. These certifications are essential for roles involving power facilities in manufacturing, construction a]]>
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    <title><![CDATA[Hanwha unveils W100b Jeju satellite megahub]]></title>
    <link>https://www.koreaherald.com/article/10627924</link>  
    <pubDate>Tue, 02 Dec 2025 15:00:00 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[SEOGWIPO, Jeju Island — Hanwha Systems on Tuesday held an official completion ceremony for the Jeju Space Center on the Hawon Techno Campus located in Seogwipo, Jeju Island, signifying the opening of Korea’s biggest private-led satellite manufacturing facility. With an investment of about 100 billion won ($68 million), Hanwha Systems established the Jeju Space Center with a satellite development and assembly bloc, a satellite function and condition testing facility, a satellite assessment clean ]]>
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    <title><![CDATA[BOK to step up monitoring of prices amid growing inflationary pressure]]></title>
    <link>https://www.koreaherald.com/article/10627865</link>  
    <pubDate>Tue, 02 Dec 2025 11:39:06 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[The central bank said Tuesday it will closely monitor consumer inflation given recent rising living costs, though it projects inflation to gradually trend down near 2 percent. Bank of Korea Deputy Gov. Kim Woong made the pledge during a meeting to review inflation trends, after government data showed consumer prices rose 2.4 percent on-year in November, remaining in the mid-2 percent range for the second consecutive month. &quot;November&apos;s price increase was driven by higher petroleum product prices ]]>
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    <title><![CDATA[Rival parties settle deal on 2026 budget, clear way for Natl. Assembly to pass it Tues.]]></title>
    <link>https://www.koreaherald.com/article/10627713</link>  
    <pubDate>Tue, 02 Dec 2025 10:32:02 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Rival parties have reached a last-minute deal on next year&apos;s national budget and agreed to pass it through the National Assembly on Tuesday, clearing the way for lawmakers to approve an annual budget bill within the legal deadline for the first time in five years. The ruling Democratic Party and the main opposition People Power Party reached the agreement during a meeting of their floor leaders earlier in the day and decided to hold a plenary session at 4 p.m. to put the budget bill to a vote. T]]>
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    <title><![CDATA[Arirang 7 multipurpose satellite successfully put into orbit]]></title>
    <link>https://www.koreaherald.com/article/10627710</link>  
    <pubDate>Tue, 02 Dec 2025 10:28:20 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Arirang 7, South Korea&apos;s multipurpose satellite, has successfully entered orbit after lifting off from a space center in South America, the country&apos;s space agency said Tuesday. Also known as the Korea Multipurpose Satellite 7, the satellite was deployed from the Vega-C rocket 44 minutes after launching from the Guiana Space Centre in French Guiana at 2:21 p.m. Monday (French Guiana time), or 2:21 a.m. Tuesday (Korean time), according to the Korea AeroSpace Administration. The rocket is operated ]]>
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    <title><![CDATA[Seoul shares open sharply higher despite overnight US losses]]></title>
    <link>https://www.koreaherald.com/article/10627625</link>  
    <pubDate>Tue, 02 Dec 2025 09:30:51 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[South Korean stocks opened sharply higher Tuesday, jumping nearly 1 percent, despite overnight US losses. The benchmark Korea Composite Stock Price Index added 38.52 points, or 0.98 percent, to 3,958.89 in the first 15 minutes of trading. Overnight, Wall Street gave back some of last week&apos;s rally as Bitcoin fell again. The S&P 500 slipped 0.2 percent, and the Dow Jones Industrial Average was down 0.5 percent while the tech-heavy Nasdaq composite was 0.2 percent lower. In Seoul, most-large cap sh]]>
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    <title><![CDATA[Consumer prices rise 2.4% in Nov., surpassing 2% target for 3 consecutive months]]></title>
    <link>https://www.koreaherald.com/article/10627603</link>  
    <pubDate>Tue, 02 Dec 2025 09:17:47 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korea&apos;s consumer prices grew over the Bank of Korea&apos;s 2 percent target for the third consecutive month in November, largely due to sharp increases in agricultural and petroleum product prices amid a weak Korean won, government data showed Tuesday. Consumer prices, a key gauge of inflation, increased 2.4 percent from a year earlier last month, according to the data from the Ministry of Data and Statistics. In 2025, inflation had remained above 2 percent for four consecutive months through A]]>
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