CU opens industry’s largest logistics center in Busan

BGF Retail, operator of convenience store chain CU, held a completion ceremony Wednesday for its 260 billion won ($191 million) logistics center in Busan, which it says is the largest facility of its kind in Korea’s convenience store industry. BGF Group Chairman Hong Seok-jo and BGF Retail Vice Chairman Hong Jung-guk attended the ceremony, along with Busan Mayor Jeon Jae-soo and other company and local government officials. The center occupies a 47,187-square-meter site in the Busan Internationa

2026-09-16 14:14:59:00

Woori’s prepaid travel card draws 10,000 foreign users

Woori Bank said Wednesday that its NOL World Card, a prepaid card for foreign visitors, surpassed 10,000 issuances just three months after its launch. Developed with travel platform operator NOL Universe and fintech company Kona I, the card allows visitors to exchange currency, add funds, withdraw cash and make payments in Korea without opening a local bank account. Customers can collect the card at Woori Bank counters at Incheon Airport upon arrival. Related services are also available at the b

2026-09-16 14:07:40:00

Samsung SDS becomes Anthropic’s first Korean Select partner

Samsung SDS has become the first Korean company to attain Select Tier status in Anthropic’s Claude Partner Network, strengthening its ability to help businesses deploy and operate the generative AI platform. The designation follows a strategic partnership the companies signed at an AI summit in San Francisco in July. Anthropic awards Select Tier status to partners with certified technical personnel and demonstrated experience applying Claude in real-world business environments. Samsung SDS was a

2026-09-15 14:30:07:00

K-water advances in W1tr Philippine smart city project

Korea Water Resources Corp. said Tuesday it has secured original proponent status for a water infrastructure project in New Clark City, the Philippines, advancing its bid for a development expected to exceed 1 trillion won ($740 million) in total value. Known as K-water, the state-run utility said CEO Yoon Seog-dae received the certification Monday from Joshua Bingcang, president and CEO of the Bases Conversion and Development Authority, at the Philippine agency’s headquarters in Taguig. The sta

2026-09-15 13:47:38:00

HD Hyundai takes AI power generation offshore

HD Hyundai said it is developing a barge-mounted power plant capable of supplying up to 100 megawatts of electricity as it expands into power infrastructure for AI data centers and industrial complexes. HD Korea Shipbuilding & Offshore Engineering, the group’s intermediate shipbuilding holding company, has received approval in principle from the American Bureau of Shipping for the floating power plant’s core technologies. The certification covers elements of the company’s proprietary design, inc

2026-09-15 13:47:19:00

Nongshim takes Shin Ramyun to UAE Comic Con

Nongshim promoted its flagship Shin Ramyun brand at Middle East Film & Comic Con in Abu Dhabi, stepping up its culture-focused marketing in the region. The three-day event, held Friday through Sunday at the Abu Dhabi National Exhibition Centre in the United Arab Emirates, is the Middle East’s largest pop culture festival. Also known as UAE Comic Con, it draws more than 45,000 visitors annually with programming spanning film, television, animation, comics, gaming and cosplay. Nongshim’s booth fea

2026-09-14 14:52:35:00

LG CNS wins recognition for Indonesia’s Coretax platform

LG CNS has received a plaque of appreciation from Indonesia’s tax authority for developing and supporting Coretax, the country’s integrated tax administration platform, the Korean IT services company said Monday. The award was presented Friday at the Jakarta Tax Office during a ceremony attended by Kim Hong-geun, head of LG CNS’ Digital Business Division; Bimo Wijayanto, Indonesia’s director general of taxes; and Iwan Djuniardi, special adviser to the finance minister. Led by the Directorate Gen

2026-09-14 14:33:08:00

Chong Kun Dang builds W2.2tr biopharma center in Siheung

Chong Kun Dang will invest 2.2 trillion won ($1.64 billion) to build a bio and pharmaceutical industrial complex in the Baegot planned community in Siheung, Gyeonggi Province. The Gyeonggi Free Economic Zone Authority said Sunday that the project received conditional approval at the seventh integrated building and traffic review committee meeting. The integrated review is expected to reduce the administrative procedures required for separate building and traffic reviews and speed up the project.

2026-09-13 14:46:25:00

HD Hyundai advances shipbuilding initiatives at Gastech 2026

HD Hyundai will showcase gas carrier technologies at Gastech 2026, the world’s largest gas exhibition, running from Monday through Thursday in Bangkok, Thailand. Five affiliates — HD Korea Shipbuilding & Offshore Engineering, HD Hyundai Heavy Industries, HD Hyundai Samho, HD Hyundai Marine Solution and HD Hyundai Electric — will operate a joint booth featuring liquefied natural gas carriers, floating storage and regasification units and liquefied carbon dioxide carriers. The thirty-seventh editi

2026-09-13 14:06:32:00

CJ takes bibigo rice campaign to Times Square

CJ CheilJedang is stepping up its US marketing for Hetbahn instant rice with a campaign spanning Times Square billboards, social media and influencer partnerships. Sold in the US as “bibigo Sticky White Rice,” the product surpassed 100 million units in North American sales last year. Demand has grown as consumers increasingly pair ready-to-eat rice with protein or incorporate it into a wider range of meals amid the wellness trend, according to the company. CJ CheilJedang launched the “Sticks To

2026-09-10 17:16:20:00