7 in 10 Koreans suffer restless sleep, many neglect care: Philips

Philips Korea advises patients with sleep disorders to seek active treatment such as CPAP therapy to manage conditions like sleep apnea Philips Korea, the local unit of multinational health technology company Philips, announced Wednesday the findings of a survey revealing that many Koreans struggle with poor sleep quality but do not seek active treatment for sleep disorders, particularly for breathing-related conditions like sleep apnea. The survey conducted by Hankook Research on behalf of Phil

March 12, 2025

LX Pantos expands footprint in US with $120m Georgia logistics hub

Korean logistics company LX Pantos, in collaboration with the state-run Korea Ocean Business Corporation, has acquired a large-scale logistics center in Georgia, US, to anchor a key export hub for Korean firms while bolstering its supply chain competitiveness, the company said Tuesday. According to the logistics company, a signing ceremony was held last Friday in Dalton, Georgia, to formalize the deal. Attendees included LX Pantos CEO Lee Yong-ho, KOBC Director of Business Operations Yoon Sang-h

March 11, 2025

Korea’s economic freedom declines, labor market lags

South Korea’s overall economic freedom ranking fell to 17th from 14th in this year’s Heritage Foundation Index of Economic Freedom, with its lowest score in the labor market category, where it ranked 100th. According to the Korea Enterprises Federation on Monday, the 2025 Index of Economic Freedom, published by the conservative US think tank the Heritage Foundation, gave South Korea an overall score of 74 out of 100 — an increase from 73.1 the previous year. However, the country dropped three sp

March 10, 2025

KGC awarded for ginseng research at US expo

Korea Ginseng Corp., the country’s leading ginseng manufacturer, announced Monday that it received the Varro E. Tyler Award at the 2025 Natural Products Expo West, held last week in Anaheim, US, for its phytomedicinal research on ginseng. According to the company, the award, presented by the American Botanical Council in recognition of outstanding contributions to the field of herbal medicine and pharmacognosy, honors its commitment to proving the health benefits of ginseng through clinical rese

March 10, 2025

Choco Pie’s global success explained in 2 minutes

Choco Pie, a round cake-like snack with a marshmallow filling and chocolate coating, is the brainchild of South Korean confectionery maker Orion. Branded with the Chinese character for "jeong" — a deep sense of affection and hospitality — the proiduct carries a distinct Korean essence that embodies the core value of sharing love. Now, far beyond its homeland, the treat has won over more non-Koreans, selling more overseas than in the birthplace of jeong. History of marshmallow cookie 1956: Lee Ya

March 10, 2025

Convenience stores propel K-food’s global reach

Top two chains CU, GS25 target $10 million in exports this year South Korea’s convenience store chains, led by industry frontrunners CU and GS25, are making bigger waves globally, riding the K-food boom with their exclusive products. GS25, the country's largest convenience store brand by sales, is solidifying its presence in overseas markets with its YouUs private-label products and exclusive offerings at the forefront. Strategic partnerships — most notably a collaboration with Netflix to create

March 7, 2025

Daewoo E&C chair makes another visit to Vietnam

Daewoo Engineering & Construction Chairman Jung Won-ju wrapped up a weeklong trip to Vietnam this week, amplifying the company's presence in the Southeast Asian country to turn its gaze toward global ventures. According to industry sources on Friday, the chairman explored cooperation for the second-phase development of the Starlake City project in Hanoi, as well as business partnerships in the Kien Giang Urban City Project in Thai Binh province. Jung also reportedly assessed potential engagement

March 7, 2025

K-food exports steadily rising, led by ramyeon, US demand

Korean food exports have been on a steady rise over the past decade, with instant noodles, or ramyeon, leading as the top export and the US as the largest importer last year, data showed Thursday. According to data compiled by the Korea Trade Statistics Promotion Institute and released by the Korea Chamber of Commerce and Industry, K-food exports surged from $3.51 billion in 2015 to $7.02 billion in 2024, reflecting an annual growth rate of 8 percent. The growth accelerated in recent years, with

March 6, 2025

AmCham, ex-PM discuss Korea’s business outlook

The American Chamber of Commerce in Korea held a closed-door board meeting Wednesday, engaging in meaningful talks with former Prime Minister Kim Boo-kyum on state affairs and policies aimed at improving Korea’s business environment. According to the foreign chamber, at the meeting attended by the AmCham chair and member companies, the former prime minister emphasized the need to expand free trade and implement regulatory reforms for sustainable growth. A predictable and transparent business env

March 5, 2025

Cosmax hires ex-Olive Young CEO as vice chairman

Cosmax BTI, a holding company of South Korean cosmetics manufacturer Cosmax Group, announced Wednesday the appointment of Hou Min-ho, former CEO of CJ ENM's Commerce Division and CJ Olive Young, as vice chairman. A seasoned expert in cosmetics and retail, Hou is recognized for his strong communication skills and ability to drive new business initiatives, the company explained. “There will be many changes for Cosmax, the world’s leading cosmetics original development manufacturer, over the next d

March 5, 2025