Lotte, KAIST open joint research center

Lotte Group and KAIST have jointly opened a new research and development center, bolstering their industry-to-academia ties while ramping up capabilities for securing next-generation technology. According to officials on Sunday, leaders from the two sides including Lotte Group Chairman Shin Dong-bin and KAIST President Bae Choong-sik attended the completion ceremony of the Lotte X KAIST R&D Center at the latter’s campus in Daejeon on Friday. The new facility, at nearly 4,300 square meters of flo

2026-09-13 14:08:34:00

W2.55tr divorce ruling could reshape Smilegate ownership

A record-breaking divorce settlement of 2.55 trillion won ($1.9 billion) is on pace to rattle the shareholder dynamics of Korean gaming powerhouse Smilegate, a private company held entirely by its founder Kwon Hyuk-bin, if the ruling stands. The Seoul Family Court on Wednesday ordered Kwon, Smilegate’s chief visionary officer, to hand over 35 percent of his shares in his company plus 65 billion won in cash after ruling in favor of Kwon’s wife, identified by her surname Lee. The court estimated K

2026-09-10 14:52:07:00

Daewoo E&C seeks bigger role in Hanoi's urban development push

Daewoo Engineering & Construction is seeking to expand its footprint in Vietnam beyond its flagship Star Lake City development as Hanoi embarks on an ambitious 100-year plan to reshape the capital around the Red River. The Korean builder said Wednesday that Daewoo E&C Chairman Jung Won-joo met Hanoi Mayor Vu Dai Thang in Seoul the previous day to discuss the company’s ongoing projects in Vietnam and potential areas for further cooperation. Jung highlighted Daewoo E&C’s more than three decades of

2026-09-09 14:42:01:00

Cosmax, L'Oreal expand partnership on next-generation cosmetics

Korean cosmetics-maker Cosmax and French beauty firm L'Oreal have joined forces to develop next-generation products, ingredients and formulations as Korean beauty products continues to shape global beauty trends, officials said Wednesday. According to the two companies, they signed a memorandum of understanding on the previous day in Paris on the sidelines of the Korea-France summit marking the 140th anniversary of diplomatic relations between the two countries. "It's a great honor to open a new

2026-09-09 12:46:47:00

Korean game firms diversify global push in Germany, Japan

Korean game companies are ramping up efforts to better target global gamers by strategically and selectively taking part in international game conventions: showcasing big-budget PC and console titles at Gamescom in Germany while promoting subculture, anime-linked titles at Tokyo Game Show. For this year’s Gamescom, held Aug. 26 to 30 in Cologne with exhibition space selling out for the first time, Korean companies arrived with games aimed at Western tastes. Krafton set up a standalone booth to f

2026-09-08 15:14:33:00

From Seoul to 103 countries: Lee Moon-won pioneers hair-loss treatment with Korean medicine

When Lee Moon-won opened his clinic in Seoul in 2005, he made an unusual decision for a Korean medicine practitioner: He would treat hair loss. "At the time, there were hardly any medical institutions specializing in hair loss, not only in Korea but globally," said Lee in an interview with The Korea Herald at his office in Seoul on Aug. 27. "The purpose was to treat only hair loss and use purely natural ingredients for treating it." Twenty-one years later, that narrow focus has taken his clinic

2026-09-06 14:04:55:00

Shinsegae chief joins US-led AI supply chain push

Shinsegae Group Chairman Chung Yong-jin joined US Vice President JD Vance and leading technology executives in Washington on Thursday for the launch of a government-backed expertise program, as the Korean retail group expands its role in a US-led AI supply chain initiative. According to Shinsegae Group on Friday, Chung attended the launch of Foundry School at the Donald J. Trump Institute of Peace at the invitation of US Vice President JD Vance and the US Department of State. Foundry School, led

2026-09-04 14:47:26:00

[Photo News] Frieze Seoul immersed in Simmons' performance

A group of dancers performs an immersive choreography at the Simmons Gallery Seongsu in eastern Seoul on Thursday. Mattress maker Simmons is showcasing a special experience that blends media art, contemporary dance, music and dining to coincide with Frieze Seoul 2026 from Thursday to Saturday. The company said the experience reinterprets the aura of Beautyrest Black — Simmons' premium mattress line — as a multisensory journey centered on the idea that deep, comfortable sleep can become a source

2026-09-04 06:00:00:00

Daewoong steps up cooperation with Indonesia

A delegation from Indonesia's drug regulator has visited Daewoong Pharmaceutical’s research center in western Seoul as the Korean drugmaker seeks to deepen cooperation with Indonesian authorities on drug development and regulatory affairs. According to Daewoong Pharmaceutical on Thursday, the delegation from Badan Pengawas Obat dan Makanan — Indonesia's national food and drug agency known as BPOM — took a close look at the Magok Research Center last week. The Magok Research Center spans roughly

2026-09-03 17:51:52:00

Humanoids join CJ’s packing line

A bimanual humanoid robot places cushioning paper into a shipping box at CJ Logistics’ Olive Young fulfillment center in Yongin, Gyeonggi Province. CJ Logistics has deployed two such robots in its first humanoid-powered logistics operation and plans to expand their roles to picking, sorting, inspection and packaging as it develops all-purpose logistics robots using physical artificial intelligence. (CJ Logistics)

2026-09-03 13:17:22:00