Most Popular
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N. Korea jams GPS signals, affecting ships, civilian aircraft: JCS
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Top court to review SK chief’s $1b divorce settlement
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[Weekender] AI is silently changing our work: 7 professionals share how
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Yoon says S. Korea-US alliance will immediately strike NK if it attempts nuclear attack: Newsweek
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Yoon to convene emergency security, economic meeting to discuss Trump's return
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Fire erupts at POSCO Pohang plant; 1 worker injured
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US announces charges in alleged Iranian plot to assassinate Trump
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Drug use rises, but 13 addiction clinics treated no one last year: report
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Ive, David Guetta release ‘Supernova Love’ in first collaboration project
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K-pop group Seventeen honored by Los Angeles for contribution to music
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Coupang ups investment to spur Taiwanese growth
South Korean e-commerce giant Coupang has set up its first overseas distribution unit in Taiwan in an apparent move to boost its presence in the burgeoning retail market there, according to industry sources Monday. The new subsidiary, named Haitong Shangmao, specializes in distributing locally produced daily necessities from Coupang’s fulfillment centers to customers. A Coupang official also confirmed the establishment, which he said is part of the company’s expansion plans for its s
May 27, 2024
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[Photo News] MoodUp in Paris
LG Electronics' MoodUp refrigerators are displayed on the Champs-Elysees in Paris on Sunday. For the promotional event, the company transformed 216 meters of the city's famous avenue into an experience zone, allowing over 4,000 visitors to try the new refrigerators with LED doors that change colors. LG plans to launch the MoodUp refrigerators in 15 countries this year. (LG Electronics)
May 27, 2024
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LG Energy Solution hosts recruitment event in New York
LG Energy Solution said Sunday that its top executives traveled to the US last week to host a global talent recruitment event as part of the battery maker’s ongoing efforts to lure tech talents around the world. The Battery Tech Conference (BTC) is the company’s unique global recruitment event aimed at recruiting quality workers in research and development and promoting its vision for growth. Following last year’s event held in San Francisco, the event headed to New York this y
May 26, 2024
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Genesis BBQ opens new US stores in Omaha
Genesis BBQ Group, Korea's largest chicken franchise, announced Thursday the opening of a new store in Omaha, in eastern Nebraska. With the launch of the Omaha branch, BBQ has successfully expanded its presence to 28 out of the 50 states in the US. Omaha is the largest city in the state and is also home to Berkshire Hathaway, the investment holding company of renowned investor Warren Buffett. BBQ's Omaha branch, located just ten minutes from Berkshire Hathaway's headquarters, is e
May 26, 2024
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KakaoTalk messenger suffers service disruption for 2nd day
Kakao Corp., the operator of South Korea's dominant mobile messenger app, said Tuesday its service experienced a disruption for about an hour in the morning due to an error in its internal system. KakaoTalk's personal computer version was down from 8:30 a.m. to 9:24 a.m., the company said, noting it immediately responded to the issue. The messenger also experienced brief service outages Monday and last week. In 2022, KakaoTalk suffered a widespread outage due to a fire at a data center
May 21, 2024
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BAT Rothmans launches premium glo Hyper pro
BAT Rothmans' flagship heated tobacco brand "glo" announced Tuesday the launch of its new premium device, Hyper pro, with pre-orders available on Coupang. The brand-new model features a new EasyView screen and the latest HeatBoost technology. The EasyView screen, a high-definition AMOLED display, reflects consumer feedback from previous models. It offers six screen modes, allowing users to easily check remaining usage time, heating time, battery level and more with just a single c
May 21, 2024
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[Photo News] New brand identity for Bibigo
CJ CheilJedang has unveiled a new brand identity for Bibigo, the company’s Korean food brand, aimed at targeting global consumers, the food giant said Tuesday. The new BI resembles a Korean dining table, symbolizing human connection through culinary sharing. (CJ CheilJedang)
May 21, 2024
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First glimpse of Hyundai Motor's new landmark complex in Gangnam
Hyundai Motor Group revealed Monday new concept images of its envisioned landmark named Global Business Complex with an emphasis on creating a foothold in global innovation for the future mobility industry and an eco-friendly site in Seoul. The auto conglomerate said the change in the GBC’s name, which was originally known as the Global Business Center, highlights the new landmark’s inclusiveness for visitors. Hyundai Motor plans to build two 55-story buildings at a height of 242 met
May 20, 2024
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SC Bank Korea offers special interest rate for new members
Standard Chartered Bank Korea said Friday it will offer a special promotion for new customers who open a money market deposit account with a deposit of 30 million won ($22,125) or more, up to an individual limit of 2 billion won. Running until May 30, the promotion provides a special interest rate of up to 3.4 percent for 60 days maximum from the date of opening the account. The money market deposit account is a flexible savings account that offers daily compounding interest rates that vary base
May 19, 2024
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Jeonbuk Bank to develop cross-border credit rating system with Cambodia
Jeonbuk Bank signed a memorandum of understanding with Credit Bureau Cambodia and Korea Credit Bureau, the leading credit rating agencies in Cambodia and Korea respectively, to provide credit information services for Cambodian customers. The signing ceremony, held during the Cambodia-Korea Business Forum in Seoul on Thursday, was attended by Cambodian Prime Minister Hun Manet, Korean Industry Minister Ahn Duk-geun and other officials from both governments. Jeonbuk Bank, in collaboration with the
May 19, 2024
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Daewoo E&C chairman meets Cambodian PM
South Korean builder Daewoo Engineering & Construction Chairman Jung Won-ju met Cambodian Prime Minister Hun Manet, who was visiting South Korea for a bilateral summit, to seek support for the builder's expansion plans in Cambodia, the company said Friday. During the meeting, Jung requested support for Korean companies making inroads investments into the Cambodian market and discussed ways to enhance economic cooperation between the two nations, the firm said. "Daewoo E&C, as o
May 17, 2024
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CJ Olive Young's Q1 sales jump on strong overseas trade
CJ Group's health and beauty drugstore CJ Olive Young showed stronger year-on-year performance in the first quarter, largely driven by robust sales in foreign markets and an increasing number of foreign visitors to Korea. According to its regulatory filing Thursday, the company reported 1.08 trillion won ($797 billion) in sales for the first quarter of the year, up 30 percent increase compared to the same period last year. The profit figures were not immediately disclosed. The company first
May 17, 2024
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[Photo News] Protecting mudflats
Over 300 employees of GS Caltex and their families planted 10,000 East Asian seepweeds, which enhance mudflats' carbon capture capacity and carbon absorption rates, in the Ramsar site at the Julpo Bay Tidal Flat Ecological Park in North Jeolla Province on Sunday, the South Korean oil refiner said Thursday. The eco-friendly project began in April when the company launched the campaign to encourage employees to buy 3.3 square meters of the mudflat to prevent reckless development of the natura
May 16, 2024
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LX Pantos teams up with China's Sinotrans for US, Europe expansion
South Korean logistics company LX Pantos said Thursday it has signed a memorandum of understanding with Sinotrans, the Chinese logistics giant, as part of efforts to facilitate maritime and aerial transportation for deliveries to the US and Europe, as well as between the two Asian countries. The signing event was held Monday at Sinotrans’ headquarters in Beijing, with the attendance of LX Pantos CEO Lee Yong-ho, Sinotrans President Song Rong and other relevant officials. Under the agreemen
May 16, 2024
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CJ CheilJedang beats Q1 earnings estimates on US sales
Korean food giant CJ CheilJedang beat earnings estimates in the first quarter of this year, largely driven by increased overseas sales. According to its regulatory filing Tuesday, the company posted 4.44 trillion won ($3.24 billion) in sales and 267 billion won in operating profits in the first months of the year. Its profits alone surged 77.5 percent from the same period last year. Its flagship food business reported 2.83 trillion won in sales and 184.5 billion won in operating profits, up 2.6
May 14, 2024
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Samyang shares soar on upbeat sales of Buldak ramyeon in US
Samyang Roundsquare shares rallied Monday, driven by investor expectations of the growing popularity of its spicy ramyeon brand, the Buldak series, especially in the US market. The shares soared to a record high of 353,000 won ($258) at one point in the morning before closing at 329,000 won. Over the past three months alone, the shares jumped more than 70 percent. Samyang's upward trajectory began in August 2023 when it posted record exports of its Buldak products in the second quarter. E
May 13, 2024
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Bridging hope: Daewoo E&C wins large-scale bridge projects in India, Africa
Daewoo Engineering and Construction has been showcasing its engineering prowess not only domestically but also internationally, winning a series of large-scale bridge construction projects. On home soil, Daewoo E&C constructed the Dongjak Bridge, the first combined railway and roadway bridge in South Korea in 1984. Since then, they have successfully completed numerous bridges, including the Gwangan Bridge, Cheonsa Bridge, and the Geoga Bridge, which features the country’s first underwa
May 9, 2024
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Mirae Asset Securities reaps fruits of global growth
Mirae Asset Securities, Korea’s largest stock brokerage company, has yielded solid results and created a strong impetus for growth in overseas markets after two decades of global expansion. Park Hyeon-joo, chairman of the Mirae Asset Financial Group, which covers comprehensive financial services including asset management, wealth management, investment banking and life insurance, has been spearheading the group's ambition to expand businesses beyond familiar horizons. Mirae Asset Se
May 8, 2024
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HD Hyundai Marine Solution soars on first day of public trading
HD Hyundai Marine Solution, a ship maintenance unit affiliated with Korean shipbuilding giant HD Hyundai, made its stock debut Wednesday, with the stock price soaring on the first day of trading. Listed on Kospi, the nation’s main bourse, its stock opened at 119,900 won ($88), a 48.8 percent surge from the initial public offering price of 84,300 won. It hit a high of 166,100 won before closing at 163,900 won. During its book-building period earlier in April, the company managed to amass
May 8, 2024
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Hankook Tire takes over control of Hanon Systems
Hankook Tire and Technology Co. on Friday reached a deal to buy a controlling stake in Hanon Systems Corp., the world's second-largest heat pump systems maker for automobiles, for 1.73 trillion won ($1.27 billion). Under the deal with private equity firm Hahn & Co., Hankook Tire will buy a 25 percent stake in Hanon Systems and an additional interest via rights offerings. Hankook Tire already owns 19.49 percent in Hanon Systems after spending 1.08 trillion won in 2014. With the additiona
May 3, 2024