Prolonged US-Iran conflict to drive demand for Korean air defense systems: DS Investment

The prolonged US-Iran conflict is expected to boost demand for South Korean air defense systems as countries replenish interceptor missile stockpiles depleted by sustained missile attacks, DS Investment & Securities said Monday. The brokerage said the trend could benefit Korean defense companies behind the M-SAM II and L-SAM surface-to-air missile systems, naming LIG Defense & Aerospace and Hanwha Aerospace as its top picks. "As interceptor stockpiles are depleted, demand for alternative air def

2026-07-20 15:28:32:00

Woori chief urges faster execution in second half

Woori Financial Group Chairman Lim Jong-ryong on Sunday urged the group's banking and nonbank affiliates to move faster than competitors and place a stronger focus on customers, as he outlined the group's second-half priorities. Speaking at Woori Financial's second-half management strategy workshop at the group's headquarters in Hoehyeon-dong, central Seoul, Lim called for closer collaboration across the group to drive its next phase of growth. "If the second quarter marked the point at which Wo

2026-07-19 15:19:49:00

CJ launches premium spirits brand Jari for global market

CJ CheilJedang said Sunday it launched its premium distilled spirits brand Jari, marking its entry into the global market for Korean traditional liquor. The brand name comes from the Korean word jari, meaning chair or seat — a place where people gather to share food and drinks. CJ said the brand aims to connect people, cuisine and culture through Korean distilled spirits while elevating its profile on the global gastronomic stage. CJ unveiled two products at the launch event, Jari Munbaesool 24

2026-07-19 13:48:40:00

JobKorea tops hiring apps in H1

JobKorea said Monday it was Korea's most-used recruitment platform in the first half, recording the highest number of monthly active users among major hiring services. Citing data from mobile analytics firm Mobile Index, the company said it recorded a cumulative 10.86 million monthly active users over the six-month period. It ranked ahead of Saramin with 9.79 million, Remember with 4.83 million, Incruit with 870,000 and Wanted with 480,000. JobKorea also led in new app downloads, attracting abou

2026-07-13 17:17:48:00

LG Electronics, GS E&C partner on AI homes

LG Electronics said Monday it has signed a memorandum of understanding with GS E&C to jointly develop next-generation artificial intelligence home solutions. Under the agreement, LG Electronics will integrate its AI home hub, ThinQ ON, with GS E&C's Xi apartment platform to build a more connected smart home ecosystem. The companies plan to connect home appliances, Internet of Things devices and residential services through a single platform. Residents will be able to control lighting, heating, v

2026-07-13 17:00:26:00

Hyundai Elevator executives buy treasury shares

Hyundai Elevator said Monday that its executives, including CEO Cho Jae-cheon, purchased about 14,500 treasury shares in a show of confidence in the company's long-term growth and commitment to shareholder value. The purchases were made through open-market transactions over a one-week period beginning July 6. The company said the voluntary purchases reflect management's commitment to responsible governance, restoring market confidence and protecting shareholder interests. They also signal execut

2026-07-13 13:58:57:00

Nol Universe partners with Japan's Apple World

Nol Universe said Monday it has partnered with Japanese hotel distribution company Apple World to expand overseas sales channels for Korean accommodations and attract more inbound travelers. Apple World operates a global hotel booking platform for Japanese travel agencies, offering access to more than 400,000 properties in over 200 countries. The company has recently expanded its Korean accommodation inventory in response to rising demand for travel to South Korea. Under the agreement, Nol Unive

2026-07-13 13:58:17:00

Foreign shoppers put Shinsegae on track for W1tr sales

Shinsegae Department Store said Monday that sales to foreign customers surged 120 percent on-year to a record 580 billion won ($385 million) in the first half, putting the retailer on track to surpass 1 trillion won in annual foreign sales for the first time. The first-half total already accounts for nearly 90 percent of last year's full-year foreign sales. Shinsegae attributed the growth to its luxury brand lineup, K-culture content developed with K-pop artists and the Korea Tourism Organizatio

2026-07-13 11:18:17:00

LG CNS partners with UK's PhysicsX to develop industrial AI model

LG CNS has signed a partnership agreement with UK-based physical AI startup PhysicsX to jointly develop next-generation industrial artificial intelligence models, according to industry sources Thursday. PhysicsX, which has received investment from Nvidia and is valued at $2.4 billion, develops industrial AI models that improve engineering and manufacturing processes for clients in industries including aerospace and automotive. PhysicsX recently announced the collaboration on its LinkedIn account

2026-07-10 14:45:27:00

Namyang Dairy secures W10b Mongolia export deal

Namyang Dairy Products said Friday it signed a memorandum of understanding with Mongolia's leading food distributor, Maximus Distribution LLC, to expand exports of K-food products under a three-year, 10 billion won ($6.6 million) agreement. The agreement was signed during the Korea-Mongolia Business Forum, an official event of the government-led economic delegation. It follows a separate three-year, 70 billion won export deal signed in Vietnam in April, marking Namyang's second export agreement

2026-07-10 14:29:31:00