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Interim US envoy downplays impact of ‘sensitive country’ label on ties
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Homeplus downplays bankruptcy fears, commits to full debt repayment
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Korea tightens steel import rules to curb antidumping loopholes
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Homeplus’ financial crunch explained in 2 minutes
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Homeplus' court filing projects bankruptcy in worst-case scenario
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EBay Japan chief vows to advance K-beauty growth in Japan
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[Photo News] Edward Lee-crafted flavors
Edward Lee, a star chef from Netflix's "Culinary Class Wars," poses for a photo at a launch event at The Shilla Seoul on Tuesday, where he unveiled three exclusive creations in collaboration with Korean fast-food chain Mom's Touch. Lee developed two burgers and one chicken dish for the chain, inspired by recipes from his US restaurants. The first offering, a bourbon-based chicken set, will debut in February, followed by a beef-based burger and a chicken-based burger in March. (Mom's Touch)
Jan. 21, 2025
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Korean dried seaweed: the 'black semiconductor'
Strong overseas sales of Korean seaweed products earn a nickname echoing the nation's top export South Korea, where semiconductor exports dominate trade, has found another success story in an edible export -- dried seaweed, or gim in Korean. Dubbed the "black semiconductor" for its rising export performance -- albeit on a smaller scale than its microchip counterpart -- gim has become a vital contributor to the Korean economy and leads the nation’s seafood exports. According to data from the Mini
Jan. 20, 2025
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A look at K-beauty's tech-infused future
Korean beauty firms gear up for tech-driven offerings as they carve out a new edge on the global stage Korean beauty powerhouses painted visions of a high-tech future at this year's CES — ones that were as captivating as they were full of promise. The industry's seamless marriage of cutting-edge technology and home beauty devices was on full display at the global technology showcase. After shattering export records with over $10 billion in sales last year and dethroning beauty giant France to cl
Jan. 20, 2025
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KFS director targets Latin America for forest carbon sink initiatives
Protecting forests -- the lungs of our planet -- seems no longer a matter of choice in the face of intensifying climate crises worldwide. To tackle these challenges, Nam Song-hee, director general of the International Forest Affairs Bureau of the Korea Forest Service, drew attention to the Reducing Emissions from Deforestation and Forest Degradation Plus, or REDD+, a forest conservation initiative under the United Nations Framework Convention on Climate Change. Designed to combat climate change
Jan. 19, 2025
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Coupang chief to attend Trump's inauguration
Coupang founder and CEO Bom Kim will attend US President-elect Donald Trump's inauguration ceremony in Washington, DC, on Jan. 20, according to industry sources Thursday. Kim, who leads the New York-listed e-commerce giant, received an official invitation to the event, sources said, and will participate in the inaugural ball afterward. He did not attend Trump's first inauguration. During these events, he is expected to engage in discussions with key figures on economic cooperation between Korea
Jan. 16, 2025
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Man sets himself on fire near CIO
An unidentified man sustained serious injuries on Wednesday after setting himself on fire near the headquarters of the Corruption Investigation Office for High-ranking Officials in Gwacheon, Gyeonggi Province, police said. The CIO building is where the impeached President Yoon Suk Yeol was brought for questioning over his Dec. 3 martial law declaration. According to the authorities, the man, whose identity has not yet been confirmed, set himself on fire in a lot near the CIO building at around 8
Jan. 15, 2025
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Korean Air names new vice chair in executive reshuffle
Hanjin Group, the parent company of Korean Air, announced its regular executive appointments for the new year on Wednesday, promoting President Woo Kee-hong to vice chair of the nation's largest airline and flag carrier. This marks the first such appointment following the airline's merger with Asiana Airlines last December, ushering in a new chapter as one of Asia's largest carriers. Woo, who has served as president since 2019, steps into the vice chairman role, filling a position vacant since 2
Jan. 15, 2025
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AmCham, Palo Alto Networks host event on AI-driven cybersecurity
The American Chamber of Commerce in Korea co-hosted an event Tuesday in Seoul with Palo Alto Networks to explore how artificial intelligence is reshaping the digital landscape and revolutionizing cybersecurity strategies. The event "Ignite on Tour Korea CxO" served as a platform for industry leaders and experts to discuss the future of cybersecurity and share security strategy insights while showcasing how Precision AI, an AI tool from Palo Alto Networks, a global leader in cybersecurity solutio
Jan. 15, 2025
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Yuhan-Kimberly appoints retail veteran as new CEO
Yuhan-Kimberly has named Lee Jay-hoon, former head of Korean discount chain Homeplus, as its new chief executive officer, the company announced Wednesday. According to the sanitary product manufacturer, Lee brings three decades of leadership experience in the retail and consumer goods industry, having served as CEO of the now-defunct convenience store chain BuytheWay, as well as KFC Korea and the cosmetics firm Carver Korea. Most recently, he led Homeplus as CEO since 2021. Having studied busine
Jan. 15, 2025
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KT&G sets up Uzbekistan unit to expand Eurasian presence
South Korea's largest tobacco company KT&G on Monday announced its establishment of a subsidiary in Uzbekistan, aiming to boost profitability through local operations while continuing its strategic entry into the Eurasian tobacco market. The move follows the company's establishment of a branch office in Uzbekistan in 2023, with its transformation into a corporate subsidiary signaling a sustained commitment to building long-term competitiveness in the region. In line with the expansion, the compa
Jan. 13, 2025