Daewoo E&C to launch 1,032 homes in Jangwi New Town

Daewoo Engineering & Construction said Wednesday it will begin sales this month for Jangwi Prugio Mark One, a large redevelopment project in northern Seoul that will offer more than 1,000 homes to the public. The project, located in Jangwi-dong, Seongbuk-gu, is part of the broader Jangwi New Town redevelopment district. The complex will consist of 23 residential buildings ranging from five basement levels to 35 stories above ground, with a total of 1,931 units. Of those, 1,032 units will be avai

2026-06-17 16:00:23:00

'Buldak' now officially belongs to Samyang

Samyang Foods has won domestic trademark rights to "Buldak," the name of its flagship noodle brand once considered too generic for exclusive ownership, handing the firm a stronger legal footing as it fights an expanding field of copycat products overseas. The Ministry of Intellectual Property approved registrations on Tuesday for the English-language "Buldak" and its Korean-language equivalent after a 30-day objection period passed without challenge. The registration covers "Buldak" in English f

2026-06-17 14:49:18:00

Affinity revives sale of Burger King Korea operator

Hong Kong-based Affinity Equity Partners has launched a sale process for BKR, the Korean operator of Burger King and Tim Hortons, reviving a divestment plan that was shelved four years ago, industry sources said Tuesday. According to the sources, the private equity firm has hired Deutsche Bank to explore a sale of its entire stake in BKR, which operates about 550 Burger King stores and 25 Tim Hortons locations in Korea. "The firm is considering a sale and evaluating various options, but no decis

2026-06-16 17:11:56:00

Department stores' hottest item this year: Their own shares

South Korea's department store operators have become some of the market's standout performers, as luxury shoppers and foreign tourists return in force, turning the once-stagnant sector into an investor favorite. Over the past six months, shares of Shinsegae, Lotte Shopping and Hyundai Department Store have surged 166.5 percent, 146.1 percent and 97.2 percent, respectively, as of Monday's close. Shinsegae stands apart, up more than 300 percent over the past year, far outpacing its peers. Industry

2026-06-16 15:06:16:00

Shinsegae rolls out history education after 'Tank Day' controversy

Shinsegae Group said Monday it is launching groupwide education on Korean history and awareness of social issues for employees of Starbucks Korea and other Emart affiliates — including Chairman Chung Yong-jin — in an effort to rebuild trust following a marketing controversy. The move follows the backlash over Starbucks Korea's "Tank Day" campaign, which critics say referenced language associated with the May 18 Gwangju Democratic Uprising, a pivotal moment in South Korea's pro-democracy movement

2026-06-15 13:47:44:00

Coupang rallies as record fine removes uncertainty

Coupang Inc. shares surged after South Korea's privacy regulator imposed a record fine on the US-listed e-commerce giant over a massive customer-data leak, with investors reading the penalty as a coda to a six-month overhang on the stock. Shares of Coupang closed at $17.25 on Friday, up 14.1 percent from the previous day on the New York Stock Exchange, marking one of the company's strongest single-day gains in recent months. The rally came despite the Personal Information Protection Commission's

2026-06-14 11:44:26:00

KT&G emerges as unlikely foreign favorite

So far, 2026 has been as good as it gets for South Korea's benchmark Kospi, with investors piling into chipmakers and artificial intelligence-driven data center plays. But outside the AI trade, few stocks have attracted as much attention as KT&G. Foreign ownership of the tobacco maker recently exceeded 50 percent for the first time in seven years as its shares climbed to a record 190,000 won ($123), up from a 52-week low of 119,200 won. With foreign ownership now on par with SK Hynix and surpass

2026-06-07 16:49:37:00

Buldak's new face: Peppo the flame-topped chick

Samyang Foods is giving its Buldak noodle franchise a new face — a red chick with a flame atop its head — as the spicy noodle brand notches 10 billion cumulative servings sold worldwide. The company said Friday that its new mascot, Peppo, is set to become the face of not only the Buldak product lineup but also its broader ecosystem spanning content, merchandise and digital experiences. Samyang identified expanding Buldak into a full-fledged intellectual property franchise as a key strategic pill

2026-06-05 14:29:22:00

Korean Air backs US STEM nonprofit to cultivate global talent

Korean Air said Friday it would sponsor the Center for Excellence in Education, a US nonprofit that provides advanced science, technology, engineering and mathematics education for high-achieving students, under a four-year partnership. The partnership was formalized Wednesday at a signing ceremony in Washington attended by Walter Cho, chairman and CEO of Korean Air and Hanjin Group. Under the agreement, Korean Air will fund scholarships for students selected to the Center's Research Science Ins

2026-06-05 11:43:57:00

Blast-hit Hanwha facility handled volatile solvents, propellants: report

The building at the center of the deadly explosion at Hanwha Aerospace's Daejeon facility handled large volumes of volatile solvents and materials for rocket propellants, according to safety reports Thursday. Reports submitted by the Korea Occupational Safety and Health Agency to Rep. Cho Ji-yeon of the People Power Party show that Building No. 56 — the site of Monday's blast — used roughly 8.2 metric tons of cleaning solvents and 36 metric tons of propellants each month during the second half o

2026-06-04 21:13:56:00