Saudi Arabia looks to Korea to grow golf

Saudi Arabia’s golf ambitions have drawn global attention through LIV Golf and its recruitment of some of the sport’s biggest stars. At home, the kingdom faces a different task: getting more people to play. For that, it is looking to Korea. Thomas Rudy, chief investment and supply officer at Golf Saudi, sees Korea’s extensive course network, simulator technology and established golf culture as a model for expanding participation in Saudi Arabia, which currently has fewer than 5,000 registered go

2026-10-07 15:10:38:00

Lotte Biologics expands US manufacturing partnership with Alvotech

Lotte Biologics said Wednesday it has signed a manufacturing agreement with multinational biotechnology company Alvotech as the Korean contract development and manufacturing organization continues to expand its global partnerships. Under the agreement, which was signed on the sidelines of CPHI Milan 2026 taking place in Italy from Tuesday to Thursday, Lotte Biologics will manufacture multiple antibody biosimilar drug substances developed by Alvotech at its facility in Syracuse, New York, for sup

2026-10-07 14:55:55:00

Daewoo E&C denies rushed Gadeokdo airport approval

A Daewoo Engineering & Construction-led consortium on Wednesday rejected claims that technical problems were overlooked in the approval of Gadeokdo New Airport’s ground improvement design, saying the issues had been disclosed and corrective measures incorporated. The response followed a local media report alleging that the Ministry of Land, Infrastructure and Transport rushed approval despite problems found during offshore tests of plastic board drains. The drains are inserted into soft soil to

2026-10-07 14:26:27:00

Shinsegae backs Paramount’s Warner Bros. takeover with $1b

Shinsegae Group is making a $1 billion bet on Hollywood, aiming to bring blockbuster franchises into its shopping malls, planned theme park and membership programs, as it seeks growth beyond retail. The Korean conglomerate said Tuesday its real estate arm, Shinsegae Property, will invest alongside Paramount Skydance Chairman and CEO David Ellison and US investment firm RedBird Capital Partners in Paramount Skydance’s acquisition of Warner Bros. Discovery. Expected to close Tuesday, the deal woul

2026-10-06 17:03:12:00

Samsung Biologics union seeks direct talks with Samsung Electronics

Samsung Biologics’ labor union is seeking to bring Samsung Electronics into its prolonged wage dispute, demanding direct negotiations on personnel and compensation policies it says the chipmaker effectively controls. The union said Tuesday it had sent a bargaining request to Samsung Electronics, which holds a 30.92 percent stake in the biopharmaceuticals company as its second-largest shareholder. It argues that Samsung Electronics’ influence over those policies qualifies it as an employer under

2026-10-06 14:18:30:00

Korea’s first homegrown GLP-1: Can Hanmi’s Eppe undercut Mounjaro and Wegovy?

Hanmi Pharmaceutical’s Eppe is poised to challenge Wegovy and Mounjaro in Korea’s fast-growing obesity drug market, with price emerging as a potentially decisive advantage. The homegrown glucagon-like peptide-1, or GLP-1, drug is expected to launch before year-end, pending approval from the Ministry of Food and Drug Safety. Hanmi has yet to announce a final price, but industry estimates suggest a four-week supply could cost around 150,000 won ($111). That would undercut the lowest prices listed

2026-10-05 11:21:20:00

Bibigo gimbap sales surge 59% in US

CJ CheilJedang’s US sales of Bibigo gimbap jumped 59 percent on-year in the first seven months of 2026, the company said Thursday, as it pushes to make the Korean staple an everyday meal for American consumers. According to CJ, the number of US stores selling its Bibigo gimbap product has surged to 4,734 this year, up 145 percent from 1,924 stores a year earlier. The Bibigo gimbap, which entered Kroger — one of the largest US supermarket chains — in December 2024, has now made its way onto the s

2026-10-03 16:00:00:00

Lotteria honors 100 years of Hangeul Day

Lotte GRS said Friday it will run a limited event to celebrate the 100th anniversary of Hangeul Day through Oct. 11, integrating the burger chain's taste and the Korean language's distinctive style. According to Lotte GRS, three Lotteria stores in Hongdae, Jamsil and Seoul Station — all in Seoul — will feature new exterior and interior designs of Lotteria's characters and its Hangeul font that illustrate various flavors in the Korean language. Lotteria will also stage an event to offer Hangeul-t

2026-10-02 13:37:10:00

Kyochon expands China footprint with new Wuxi store

Korean fried chicken chain Kyochon F&B said Friday it has opened a new store in Wuxi, Jiangsu province, as the company steps up its expansion in the Chinese market. According to Kyochon, the newest Chinese foothold offers access to both local residents and visitors in an area where tourism and commercial activity overlap, as Wuxi is frequently visited alongside Shanghai with high-speed rail services connecting the two cities in less than an hour. The 79-square-meter store will present Kyochon Ch

2026-10-02 13:36:47:00

Daewoo E&C CEO meets Turkmen leader, eyes expansion

Daewoo Engineering & Construction said Thursday its CEO Lee Kang-seok met with Turkmen President Serdar Berdimuhamedov earlier this week as the Korean builder seeks to expand its business in the Central Asian country. According to Daewoo E&C, it was the only Korean company invited to events marking the 35th anniversary of Turkmenistan’s independence. Lee visited the Turkmen capital city of Ashgabat for the celebrations and held talks with Berdimuhamedov on bilateral relations and cooperation in

2026-10-01 10:59:11:00