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Why Apple’s first foldable may be its most Korea-dependent iPhone yet
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S. Korea's nominal GDP growth tops 26%, highest in 47 years
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S. Korea's nominal GDP grows at fastest pace in 47 years in Q2
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From White House pledge to Louisiana, Hyundai's $5.8b bet takes shape
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From Seoul to 103 countries: Lee Moon-won pioneers hair-loss treatment with Korean medicine
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China pivot: Hyundai looks to exports, Toyota goes all in on EVs
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MBK chief questioned again over Homeplus debt sales
Prosecutors questioned MBK Partners Chair Michael Byung-ju Kim as a suspect Thursday over allegations that the private equity firm caused investor losses by issuing short-term debt before Homeplus abruptly filed for court-led rehabilitation. The Seoul Central District Prosecutors’ Office’s Anti-Corruption Investigation Division 2 summoned Kim on suspicion of aggravated economic fraud and violations of the Capital Markets Act, according to legal sources. Prosecutors allege that MBK executives kne
Sept. 11, 2026 -
Korean Air takes free, high-speed Wi-Fi to the skies
Korean Air said Friday it will begin offering free high-speed internet via SpaceX's Starlink satellite system, becoming the first full-service carrier in East Asia to adopt the low-orbit network. Starlink Wi-Fi, set to launch Tuesday, will initially roll out on four retrofitted aircraft — three Airbus A350-900s and one Boeing 777-300ER — deployed mainly on long-haul routes to the Americas, Europe and Southeast Asia, as well as on key short-haul flights. Korean Air plans to extend the service acr
Sept. 11, 2026 -
S. Korea's economic recovery remains solid, led by exports: finance ministry
South Korea's economy continues to show solid signs of recovery, supported by robust exports and improving domestic consumption, the finance ministry said Friday. The Ministry of Finance and Economy offered the assessment in its monthly economic report, known as the Green Book, maintaining its positive assessment from the August report while noting that uncertainties surrounding the war in the Middle East persist. "Recently, the South Korean economy has been showing solid signs of recovery, supp
Sept. 11, 2026 -
Seoul shares open sharply lower, tracking US losses, amid inflation woes
Seoul shares opened sharply lower Friday, tracking losses on Wall Street, as the latest US inflation data raised the possibility of the US Federal Reserve raising interest rates to curb inflation. After opening 3.29 percent lower, the benchmark Korea Composite Stock Price Index narrowed the losses, dropping 183.12 points, or 2.6 percent, to 6,850.80 as of 9:15 a.m. Overnight, surging oil prices sparked a sell-off in US stocks amid escalating tensions in the Middle East. The Dow Jones Industrial
Sept. 11, 2026 -
Exports up 83% in first 10 days of Sept. on chips
South Korea's exports surged nearly 83 percent on-year in the first 10 days of September, customs data showed Friday, driven by robust semiconductor shipments amid the global artificial intelligence boom. Outbound shipments reached $35 billion in the Sept. 1-10 period, according to the numbers released by the Korea Customs Service. The customs agency said exports reached the highest level for the first 10 days of September on record. Imports rose 20.7 percent on-year to $24.6 billion over the ci
Sept. 11, 2026 -
SK Group chief visits AI data center under construction in Ulsan
SK Group Chairman Chey Tae-won on Thursday visited an artificial intelligence (AI) data center under construction in the southeastern city of Ulsan and SK Innovation Co.'s nearby petrochemical complex, calling for greater synergy between the group's AI infrastructure and manufacturing operations. Chey visited the site of the SK AI Data Center Ulsan, being built in the city's national industrial complex, a day ahead of the 2026 Ulsan Forum. He was accompanied by chief executives of major SK affil
Sept. 10, 2026 -
Why SpaceX changed Korea’s Anthropic IPO playbook
Mirae Asset Securities’ unexpected zero allocation in SpaceX’s June initial public offering is shaping how Korean financial firms approach the next major US listing: artificial intelligence vanguard Anthropic. As the US company moves toward an IPO, Korean asset managers and brokerages are taking a cautious approach, industry sources said Thursday. Rather than trying to secure shares before the listing, most plan to buy the stock on the open market afterward. At least six Korean asset managers ar
Sept. 10, 2026 -
CJ takes bibigo rice campaign to Times Square
CJ CheilJedang is stepping up its US marketing for Hetbahn instant rice with a campaign spanning Times Square billboards, social media and influencer partnerships. Sold in the US as “bibigo Sticky White Rice,” the product surpassed 100 million units in North American sales last year. Demand has grown as consumers increasingly pair ready-to-eat rice with protein or incorporate it into a wider range of meals amid the wellness trend, according to the company. CJ CheilJedang launched the “Sticks To
Sept. 10, 2026 -
Musinsa’s first beauty flagship gets a pharmacy twist
Musinsa built its name by spotting fashion trends early. Its latest beauty bet takes it somewhere more clinical — and into more direct competition with Korea’s dominant beauty retailer, CJ Olive Young. The fashion platform opened its first standalone beauty flagship Friday in Hongdae, western Seoul, a youth shopping district with heavy international foot traffic. While CJ Olive Young has forged its leadership around convenience, broad selection and an extensive store network, Musinsa asserts its
Sept. 10, 2026 -
Hyundai, LG Energy Solution give used EV batteries a second life
Hyundai Motor Group has joined LG Energy Solution, Hyundai Engineering and Wonik PNE to test an energy storage system that repurposes retired electric vehicle batteries to power fast-charging stations. The five participating companies — Hyundai Motor, Kia, LG Energy Solution, Hyundai Engineering and Wonik PNE — launched the pilot Thursday at Wonik PNE’s facility in Hwaseong, Gyeonggi Province. Hyundai Motor Group described it as Korea’s first project directly linking used batteries from Hyundai
Sept. 10, 2026 -
Seoul shares end lower on inflation fears
Seoul shares ended lower Thursday as surging oil prices, driven by escalating tensions in the Middle East, fueled inflation concerns ahead of the release of key US inflation data. The Korean won rose against the US dollar. After choppy trading, the benchmark Korea Composite Stock Price Index (Kospi) fell 17.72 points, or 0.25 percent, to close at 7,033.92. Trade volume was moderate at 418.4 million shares worth 28.19 trillion won ($21 billion), with losers outnumbering gainers 443 to 416. Foreig
Sept. 10, 2026 -
APR expands Medicube’s global footprint with pop-up tour
Korean beauty company APR will run a series of Medicube pop-up stores in the US and Europe to strengthen its presence overseas. The first location will open in New York from Thursday to Saturday, followed by Los Angeles from Sept. 25-27, London from Oct. 9-11 and Paris from Oct. 23- 25. The pop-ups come as Medicube continues to expand into overseas markets, giving local customers a chance to experience its products. APR posted 647.8 billion won ($485 million) in sales in North America and 228.9
Sept. 10, 2026 -
Citi Foundation invests $25m to support youth skills in AI era
Citi Foundation said Thursday it has launched a $25 million global initiative to help young people build the skills needed for jobs increasingly shaped by artificial intelligence. The fourth Global Innovation Challenge will provide $500,000 each to 50 community organizations working to improve employment prospects for low-income youth. The programs will focus on both AI-related and human-centric skills, ranging from prompt engineering and digital content creation to problem-solving and critical
Sept. 10, 2026 -
Orion expands Bichobi overseas as tourist demand grows
Orion is taking its chocolate biscuit Bichobi to Costco stores in Japan and the US, betting on its growing popularity among foreign tourists. The company said Thursday that Bichobi will launch at 37 Costco stores across Japan in October, followed by US locations early next year. Interest overseas has grown as travelers who first encountered the snack in Korea seek it out back home, Orion said. Bichobi has emerged on social media as a popular Korean souvenir, frequently recommended by internation
Sept. 10, 2026 -
Pepero Day gets a Stray Kids soundtrack
Lotte Wellfood teamed up with K-pop group Stray Kids on a new digital single as it seeks to turn Pepero Day into a global cultural event. The track, titled “November 11,” was released on music platforms worldwide at 1 p.m. Korea time Thursday. The collaboration was designed to introduce overseas consumers to the Korean custom of exchanging the stick-shaped snack on Nov. 11. Stray Kids member Han wrote and composed the song, which pairs an upbeat band sound with lyrics expressing the excitement o
Sept. 10, 2026