Starbucks Korea CEO Song ho-seob (third from right), Rep. Yun Ju-kyung (second from right) and Myung No-seung, chairman of the Patriot Maeheon Yun Bong-gil Memorial Association (third from left) and Yun Yeo-du, president of Maeheon Yun Bong-gil Woljinhoe (second from left) pose for a photo after Starbucks Korea donated 20 million won ($15,800) and 1,932 tumblers to the two associations to mark th...

Mercedes-Benz Korea has continued to raise funds and run programs for social contributions through its Corporate Social Responsibility Committee since 2014. In March, the Korean arm of the German automaker raised 1 billion won to help residents in eastern coastal regions affected by forest fires. In 2020, the company raised 1.8 billion won to help medical staff and those vulnerable to COVID-19....

Agency under Seoul city government aims to nurture foreign marketers to bridge SMEs and overseas market

GS Engineering & Construction’s UK-based modular building pod manufacturing affiliate Elements Europe has clinched a deal to construct a 23-story hotel in London, the Korean builder said Tuesday. As the main contractor and pods and modules supplier, Elements Europe said it will start the construction within this year, targeting for the completion by second half of 2024. The building comprises of...

Korean red ginseng improves stress resistance and alleviates fatigue, especially effective in relieving stress among the under-energetic who experience chronic fatigue and have low blood pressure, studies showed on Tuesday, At the 2022 Spring Ginseng Conference held last week by the Korean Society of Ginseng, a series of studies showed that the regular intake of red ginseng products showed an im...

South Korea plans to invest 397.5 billion won ($318 million) in building charging stations for electric and hydrogen-powered vehicles this year in an effort to foster the next-generation car industry, a senior government official said Tuesday. The government also plans to focus on building the infrastructure and developing technology for self-driving vehicles this year, according to First Vice F...

An Australian logistics company has agreed to pay $6.13 million to settle a potential civil liability for apparent violations of US sanctions against North Korea, Iran and Syria, according to the US Treasury Department's website Tuesday. Toll Holdings Limited, a Melbourne-based international freight forwarding firm, made the settlement with the Treasury Department's Office of Foreign Assets Cont...

South Korean fried chicken chain Genesis BBQ Co. said Tuesday it has recently opened six new shops in the United States as part of efforts to tap deeper into the American market. Genesis BBQ said it launched three stores in Aurora, Denver and Inglewood in the US state of Colorado. A new shop was also opened in North Quincy, Massachusetts, with two more outlets starting operations in Walnut and R...

Five South Korean lobby groups on Monday called for a presidential pardon to be issued to Samsung Vice Chairman Lee Jae-yong, the de facto leader of the family-owned electronics giant, with businesses saying the leadership void is taking a toll on the group even after Lee was released from prison on parole last year. The plea for Lee’s clemency was submitted to Cheong Wa Dae and the Justice Mini...

Food industry sources attribute the constant growth of ramyeon exports to the global boom of Korean movies, drama and music. Overseas K-pop fans have shown great interest in “chapaguri,” a mixture of Chapaghetti, instant black bean noodles, and Neoguri, spicy udon-like noodles, which was featured in the Oscar-winning film “Parasite” (2019). Samyang Foods’ Hot Spicy Chicken Noodles, or Buldakbok...

Asiana Airlines Inc., South Korea's second-biggest carrier, said Monday it will reopen the route to India this week as eased virus restrictions unleash pent-up demand. Asiana will offer one flight a week on the Incheon-Delhi route starting Friday after it suspended the route 33 months ago on July 8, 2019, due to the COVID-19 pandemic, the company said in a statement. The company will also expan...

Major South Korean credit card issuer Samsung Card Co. said Monday that its earnings rose more than 16 percent in the first quarter of the year on the back of a recovery in consumer confidence. Consolidated net income stood at 160.8 billion won ($129.2 million) in the January-March period, up 16.2 percent from a year earlier, the company said in a regulatory filing. Operating profit climbed 16....

Limited package including five Pokemon stickers comes with 1.28m won price tag

South Korean battery cell makers and the materials industry are seeking supply chain vigilance as prices of key materials such as lithium and nickel continue to skyrocket due to geopolitical uncertainties such as Russia‘s invasion of Ukraine. On Monday, officials of the Korea Battery Industry Association are to fly to the United States to discuss ways to stabilize the battery supply chain for el...

Standard Chartered Bank Korea said on Friday that it will offer an annual before-tax interest rate of 2 percent on savings for new bank customers subscribing to its My Signature Account. The promotional event will last through May 31. My Signature Account, launched in July 2021, is a checking account that specializes in residual fund management. It has provided customers with high and stable int...