logo
Hanwha heir shares sustainable food vision with Standford students

Hanwha heir shares sustainable food vision with Standford students

Korea Herald01-04-2025

Hanwha Hotels & Resorts Vice President Kim Dong-seon met with students from Stanford University's Graduate School of Business on Monday to share the group's key businesses and exchange insights on future industries and the global market, Hanwha Group announced Tuesday.
The event was part of Stanford University's Global Study Trip. The annual program allows students to conduct field studies in major countries and gain firsthand experience of the society, culture and the economy there. This year's trips included visits to Korea, Germany, Italy, Ethiopia and Japan.
Around 30 students and faculty members visited Seoul's 63 Square, where they expressed keen interest in Hanwha Group, a company with a strong presence in diverse sectors such as defense, finance, distribution and machinery.
"I want to contribute to society through healthy and sustainable food," Kim reportedly said during the event. "We will leverage food tech to reduce costs and improve efficiency while investing in higher-quality ingredients."
Regarding his management philosophy, he emphasized the importance of having "the courage" to recognize one's own shortcomings, adding that he remains committed to continuous learning.
The participants, hailing from the United States, Asia and Europe, engaged in discussions on topics such as sustainability, corporate innovation and leadership, and business marketing through Korean culture. Many students were particularly interested in Hanwha's distribution and service sector, asking Kim about the success factors behind Five Guys' expansion in Korea, and future strategies.
Students also took note of Hanwha Vision's leadership in the US security service provider market and Hanwha Semitech's recent entry into the high-bandwidth memory TC bonder market, which positioned the company within Nvidia's supply chain.
"It was a valuable opportunity to showcase the Korean market and Hanwha's unique competitive strengths to global talent with diverse backgrounds," a Hanwha Galleria official said. "We will continue to engage with the next generation of leaders through various initiatives."

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Political uncertainty falls below pre-martial law levels: BOK
Political uncertainty falls below pre-martial law levels: BOK

Korea Herald

time7 hours ago

  • Korea Herald

Political uncertainty falls below pre-martial law levels: BOK

The level of political uncertainty in South Korea has returned to levels seen prior to the martial law incident, following the recent presidential election, the central bank said Friday. According to data submitted by the Bank of Korea to Rep. Cha Gyu-geun of the Rebuilding Korea Party, the political uncertainty index stood at 1.5 as of June 4, the day after the election, in which Democratic Party candidate Lee Jae-myung defeated conservative rival Kim Moon-soo. The index, which had been around 0.4 in early December, spiked to a record high of 12.8 in mid-December, following former President Yoon Suk Yeol's surprising declaration of martial law on Dec. 3. Though the index rose slightly above 1 after the election, the BOK noted that such minor fluctuations are common in normal times and should not be interpreted as meaningful. The index is compiled by the BOK's research department by tallying the number of media articles that include both the keywords "politics" and "uncertainty" in their headlines or main text. It reflects relative values, with the long-term average from the beginning of 2000 set at zero, the BOK said. The previous record high was 8.8, recorded on March 17, 2004, following the passage of the impeachment motion against the late former President Roh Moo-hyun. The economic uncertainty index also fell to 1.2 as of June 4, a level similar to the 1.1 recorded on Dec. 3. The index had surged to 5.4 on Jan. 2 but gradually declined, reaching as low as 0.5 on May 15, the BOK said. "The political uncertainty that has weighed on the economy over the past six months is expected to ease significantly," BOK Gov. Rhee Chang-yong said at a press briefing last week. "Political factors are no longer having a meaningful impact on the won-dollar exchange rate." The Korean won had weakened sharply earlier this year, nearing 1,500 won per US dollar, largely due to the domestic political turmoil and concerns over the sweeping tariff measures under US President Donald Trump's administration. But it rebounded to its strongest level in about seven months Thursday, closing at 1,358.4 won per dollar. (Yonhap)

Annual Culture Communication Forum to crown winners of sustainable K-Style contest
Annual Culture Communication Forum to crown winners of sustainable K-Style contest

Korea Herald

time8 hours ago

  • Korea Herald

Annual Culture Communication Forum to crown winners of sustainable K-Style contest

International gathering showcases finalists with creative takes on Korean tradition The Corea Image Communication Institute will hold its 16th annual Culture Communication Forum on Thursday at the Grand Hyatt Seoul, wrapping up a monthslong global contest centered on "sustainable K-style." The event will bring together senior diplomatic and business leaders for a ceremony recognizing the competition's finalists and winners. KAIST President Lee Kwang-hyung will deliver opening remarks, with congratulatory messages from Italian Ambassador Emilia Gatto and Japanese Ambassador Koichi Mizushima. EU Ambassador Maria Castillo Fernandez will join around 10 other ambassadors in attendance. Corporate attendees include Seo Jung-ho, chair of the Ambassador Hotel Group; Cho Jung-il, chair of The Hanok Heritage; and Sean Blakeley, chair of the British Chamber of Commerce in Korea and Honorary Ambassador of Foreign Investment Promotion for Korea. Franz Hotten, president of Pernod Ricard Korea, will also attend alongside some 60 guests. The forum's centerpiece will be a live vote to determine the winners among 12 finalists, selected from entries submitted between March 20 and May 30. Participants submitted ideas for reimagining Korean cultural traditions through a sustainability lens, exploring how K-style can evolve for future generations across music, cuisine, film and fashion. Finalists will present their entries, ranging from video clips to spoken presentations in Korean, during Thursday's event. The video competition features long- and short-form categories, each with four finalists. The grand prize winner in the long-form category will receive a prize package worth 3 million won (around $2,213), including 1 million won in cash. The short-form winner will receive a 2 million won package, with 700,000 won in cash. For the Korean speech segment, contestants from the United States, Spain, China, France and Egypt will compete for the grand prize. Each will deliver a three-minute speech on sustainable K-style, with the winners determined by real-time audience voting. The top prize is valued at 3 million won, including 1.5 million won in cash. The forum begins with registration at 4:40 p.m., followed by the main program at 5 p.m. A special pansori performance by French artist Mapo Lor will round out the ceremony. Founded in 2003 and officially registered with the Foreign Ministry, CICI promotes Korea's global image through cultural exchange. Since 2010, its annual CCF has served as a global platform for dialogue among cultural and diplomatic leaders.

Korean shipbuilders suffer 35% drop in orders through May: report
Korean shipbuilders suffer 35% drop in orders through May: report

Korea Herald

time9 hours ago

  • Korea Herald

Korean shipbuilders suffer 35% drop in orders through May: report

South Korean shipbuilders saw a 35 percent year-on-year drop in new orders from January to May, according to shipping industry tracker Clarkson Research Services on Thursday. During the five-month period, Korean shipbuilders secured a total of 3.81 million compensated gross tonnage, representing 24 percent of the global market — second to China, which led with 7.86 million CGT, or 49 percent. The decline is partly attributed to selective order-taking, as Korea's major shipbuilders — HD Hyundai Heavy Industries, Hanwha Ocean and Samsung Heavy Industries — have prioritized high-value-added vessels such as liquefied natural gas carriers rather than container ships. Their docks are currently occupied with orders scheduled for delivery over the next three years. However, the drop in orders is also reflects a sharp downturn in the global shipbuilding market. Total new global orders during the period fell 45 percent from a year earlier to 15.92 million CGT, raising concerns among some industry observers about the possibility of the current market cycle slowing in the coming years. Industry sources noted that many shipping companies are delaying new orders amid uncertainties in global trade and falling freight rates, driven in part by ongoing geopolitical tensions between the US and China. The Shanghai Containerized Freight Index, a widely used indicator of shipping rates, exceeded 3,000 in June last year but dropped to just over 1,200 in May this year. Although it has seen a sharp rise over the past three weeks, securities firms suggest this is a temporary increase driven by the US' short-term tariff deferral on Chinese goods. As a result, Korean shipbuilders saw a decrease in their backlog, with total outstanding orders falling by 8 percent, or 3.09 million CGT, compared to the same period last year. As of early June, HD Korea Shipbuilding & Offshore Engineering — parent company of HD Hyundai Heavy Industries and two other smaller shipbuilders — had only achieved 38.7 percent of its annual order target of $18 billion. Samsung Heavy Industries had reached 27 percent of its full-year sales goal of $9.8 billion.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store