CJ CheilJedang reshapes portfolio to boost profitability

CJ CheilJedang is replacing its food-and-bio framework with a three-division structure — lifestyle food, technology materials and core ingredients — as it reallocates capital to higher-growth businesses. The company said Wednesday the move sharpens strategic focus on higher-growth units while pruning weaker operations, part of a preemptive rebalancing to navigate a fast-changing business environment. "The objective is to secure future growth opportunities by aligning each business with its core

2026-07-01 14:08:28:00

Incheon Airport to halve staff parking permits after audit

Incheon International Airport Corp. will overhaul its employee parking permit system, cutting staff passes and converting hundreds of spaces to passenger use following a government audit into system misuse, the operator said Tuesday. The changes, which take effect July 1, stem from a special audit by the Ministry of Land, Infrastructure and Transport in May that found some airport workers had used long-term parking permits for personal purposes and occupied spaces intended for passengers. The ai

2026-06-30 15:03:16:00

Lotte unites Korea, Japan food units under new Asia venture

Lotte Group said Tuesday it will unite its Korean and Japanese food businesses under a Singapore-based joint venture next month, turning a long-held vision of combining its two food operations into an overseas-focused reality. The new company, formed by Korea's Lotte Wellfood and Japan's confectionery arm, will oversee operations across Asia, with Shin Yoo-yeol, the eldest son of Chairman Shin Dong-bin and head of the group's future growth division, at the helm of the joint venture's board. The

2026-06-30 11:07:57:00

Power of one network: Inside Aena’s airport model

Korea Herald correspondent MADRID, Spain — For decades, Spain has run its airports as a single national enterprise, turning regional gateways into tourism hubs and building the world's largest airport operator by passenger volume. Founded 35 years ago ahead of the 1992 Barcelona Olympics, state-backed airport operator Aena now manages 46 airports and two heliports in Spain, as well as 35 airports overseas. In 2025, the group handled a record 384.8 million passengers worldwide, including 321.6 mi

2026-06-28 13:20:13:00

Why pay more? Young Koreans are opting for DIY wedding shoots

Wedding planning in South Korea comes with its own notorious ritual: A bundled package of studio photography, dress rentals and professional makeup known as “sudeume” in Korean. It means dealing with a sprawling network of planners, venues and vendors while paying hefty upfront costs. Yet today, a growing number of young Koreans are taking a DIY approach, cutting costs on what many deem an overpriced tradition. A 2025 survey by Embrain found that nearly 70 percent of unmarried adults aged 19 to

2026-06-27 16:00:00:00

Korea, Shanghai airports team up to expand regional air links

Korea Herald correspondent SHANGHAI, China -- Korea Airports Corporation is seeking closer ties with Shanghai Airport Authority, known as Avinex, to expand the aviation network connecting Korean regional airports and Shanghai amid the rapid recovery of Korea-China air travel demand. According to KAC, it signed a memorandum of understanding with Avinex on Tuesday at Shanghai Hongqiao Airport, one of two airports the state-owned operator manages in Shanghai alongside Pudong Airport. Under the agre

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

APR's elusive leader brings K-beauty story to BoF forum

Kim Byung-hoon, founder and CEO of APR, will make an appearance this week at the Business of Fashion's beauty forum in the US, becoming the first Korean beauty leader on the event's lineup to speak on K-beauty's global rise. The Business of Fashion, which described APR as "Korea's hottest beauty company," announced Kim as part of its Business of Beauty Global Forum lineup, where he will appear in an exclusive fireside chat. The forum runs Wednesday and Thursday in Napa Valley, California. Kim is

2026-06-23 11:16:51:00

L'Oreal, OpenAI team up to advance AI-powered beauty

L'Oreal Group said Friday it had unveiled a strategic collaboration with OpenAI at Europe's Viva Technology conference on Thursday, aiming to use artificial intelligence across beauty shopping, research and marketing. According to the French beauty giant, the collaboration will center on two areas: AI-powered consumer experiences and accelerating innovation across research, product development and content creation. Consumers will be able to discover and interact with beauty products more natural

2026-06-19 15:05:40:00

Otoki expands export capacity with Ulsan logistics hub

South Korean food company Otoki said Friday it has completed a new automated logistics center in southeastern Korea that is designed to strengthen its supply chain as international demand for its products grows. The five-story facility in Ulsan can store nearly 10,000 pallets and is built to handle the full logistics process — inbound and outbound handling, labeling and order picking — with warehouse management and control systems intended to reduce processing times and improve operational accur

2026-06-19 13:48:08:00

K-food's hottest new export is ice cold

The Korean food craze has been red-hot. Now it's cooling palates with frozen treats. Korean ice cream is turning up in summers around the world as the latest beneficiaries of the K-food boom, with exports surpassing the $100 million threshold for the first time last year. Frozen dessert exports continue that climb this year, rising 14.1 percent on-year to $49.8 million in the first four months, according to Korea Customs Service data. The US remained the dominant market, taking more than 40 perc

2026-06-18 15:02:06:00