BBQ chief bets on AI for global expansion

Genesis BBQ Group is turning to AI, data and robotics to streamline store operations and maintain consistent product quality as the fried chicken franchise accelerates its global expansion. The company unveiled three growth strategies — “AX Transformation,” “Globalization 2.0” and “Sustainable Platform” — at its 31st anniversary ceremony held Tuesday at Chicken University in Icheon, Gyeonggi Province. Under its AX Transformation strategy, BBQ plans to integrate data from store management, custom

2026-09-02 14:18:02:00

Gaon Cable targets AI data centers with low-friction cables

Gaon Cable is targeting the AI data-center power infrastructure market with low-friction distribution cables designed to cut installation time and costs, the company said Wednesday. The cables feature an improved outer sheath that reduces friction during installation by about 30 percent compared to conventional products. Gaon Cable said this can extend the cable-pulling distance by up to 45 percent while lowering labor requirements and construction costs. Distribution cables are used in certain

2026-09-02 14:17:52:00

Posco chief calls for stronger Korea-Australia resource ties

Posco Group Chairman Chang In-hwa proposed strengthening resource supply chains at the 47th Korea-Australia Business Council annual joint meeting in Adelaide on Wednesday. About 200 government and business officials from both countries attended the meeting, including Australian Foreign Minister Penny Wong, Trade and Tourism Minister Don Farrell and Martin Ferguson, chairman of the Australia-Korea Business Council. Chang emphasized supply chains that combine Australia’s resources with Korea’s ref

2026-09-02 14:07:35:00

JungKwanJang retains global ginseng crown

JungKwanJang, KGC’s health supplement brand, ranked first in the global red ginseng and herbal dietary supplement markets for a 12th consecutive year, according to data from market researcher Euromonitor International. The brand accounted for 44.3 percent of global red ginseng retail sales in 2024, up from 40.4 percent in 2020. It has led the category every year since the survey began in 2014. JungKwanJang also ranked first in the broader herbal dietary supplement category with a 3.5 percent glo

2026-09-01 17:11:20:00

LS Cable targets AI data center infrastructure with superconducting technology

LS Cable & System said Tuesday it signed a memorandum of understanding with the AI Factory Frontier consortium to jointly develop AI data center projects. The consortium brings together companies specializing in GPUs, power equipment, cooling, architecture and business development. The partnership covers AIDC projects from power demand and site assessment through infrastructure development. The company will use superconducting systems for external grids and bus ducts and fiber-optic cables for i

2026-09-01 17:10:56:00

Musinsa posts record earnings on offline, global expansion

Musinsa said Monday it has posted record first-half earnings with 821.7 billion won ($598.4 million) in consolidated sales, up 22 percent from the same period last year, as the Korean fashion retailer saw both its online and offline businesses grow at home and abroad. According to Musinsa, it logged 65.7 billion won in operating profit on a stand-alone basis during the January-to-June period this year, up 13.1 percent on year. In the second quarter alone, Musinsa opened 10 new stores across Kore

2026-08-31 15:04:22:00

Innocean lands Five Guys, California Lottery as US clients

Innocean Worldwide is expanding its roster of nonaffiliated clients in the US while consolidating its local operations in the Los Angeles area. The advertising company said Monday that it had recently secured Five Guys and the California Lottery as clients. Canvas Worldwide, Innocean’s US media subsidiary, was named media agency of record for Five Guys and the California Lottery. It will oversee integrated media strategy, planning and buying, data analytics and performance measurement. The compa

2026-08-31 14:56:58:00

Dunamu partners with Visa on next-generation financial services

Dunamu, operator of South Korea’s largest cryptocurrency exchange Upbit, said Friday it had partnered with global payments provider Visa to develop financial and payment services using stablecoins and AI. The companies unveiled a road map for the partnership on Thursday at Visa’s Global Market Support Center in San Francisco. Dunamu’s digital asset technology will be combined with Visa’s global payments network to explore stablecoin-based payment and remittance services in major markets. The two

2026-08-28 14:45:32:00

Cosmax joins launch of Indonesia’s first cosmetics science program

Cosmax, a global cosmetics original development and manufacturing company, said Friday that it is joining the launch of Indonesia’s first undergraduate program dedicated to cosmetics. The company will participate as an industry partner, seeking to foster local research and development expertise. Cosmax will take part in the launch of the bachelor’s program in cosmetology at the Faculty of Pharmacy of Universitas Padjadjaran in West Java, Indonesia. The new program is the country’s first undergra

2026-08-28 13:53:01:00

AREX upgrades Seoul Station airport terminal amid travel surge

Airport Railroad (AREX) said Friday it had completed renovations at the City Airport Terminal at Seoul Station to accommodate growing demand for convenient check-in experience. The facility enables travelers to check in, drop off baggage, and complete immigration procedures before they head to Incheon Airport. AREX’s express train ridership reached 2.66 million in 2025, up more than 35 percent from 2019. The terminal also handled 470,000 users over the year, an average of 1,302 per day. During p

2026-08-28 12:35:05:00