Hyundai E&C eyes US SMR market with FANCO deal

Hyundai Engineering & Construction said Monday it has signed a framework agreement with US small modular reactor developer First American Nuclear Co. to cooperate on the EAGL-1 nuclear reactor project. The agreement was signed Tuesday at the InterContinental New York Times Square Hotel in New York by Choi Young, executive vice president of Hyundai E&C's New Energy Business Division, and Mike Reinboth, CEO of First American Nuclear Co., known as FANCO. FANCO is developing EAGL-1, the first US liq

2026-07-14 11:20:16:00

Tous les Jours expands deeper into Mongolia

CJ Foodville said Monday that its bakery brand Tous les Jours opened a store in Ulaangom on July 1, becoming the first Korean bakery brand to enter the northwestern Mongolian city. Ulaangom, located about 1,400 kilometers from the capital of Ulaanbaatar, is a key regional hub in northwestern Mongolia. The store opening comes six months after Tous les Jours entered Darkhan, one of the country's largest cities, in December. The company said opening the store required overcoming logistical and oper

2026-07-13 13:58:45:00

Daewoong's Nabota tops W1tr in cumulative sales

Daewoong Pharmaceutical said Monday that cumulative sales of its proprietary botulinum toxin product Nabota surpassed 1 trillion won ($665 million) as of June 30, marking the milestone 12 years after its domestic launch. Nabota recorded an average annual sales growth rate of 57 percent between 2019 and 2025. Annual sales exceeded 200 billion won in 2025, driving cumulative sales past the 1 trillion won mark. The botulinum toxin has expanded its global footprint after securing approvals from the

2026-07-13 11:22:00:00

AmCham debuts K-Doorknock to boost Korean business in US

The American Chamber of Commerce in Korea has launched K-Doorknock, a new initiative to help Korean companies expand their business and investment footprint in the US. The program debuts as part of AmCham's annual Washington Doorknock mission, which will take place in Washington from Sunday through Wednesday. Washington Doorknock is AmCham's flagship annual advocacy program, bringing together business leaders, US policymakers and thought leaders to discuss key issues in the US-Korea economic rel

2026-07-13 10:58:10:00

KT launches cybersecurity advisory committee

KT said Sunday it had launched an information protection advisory committee to strengthen its cybersecurity capabilities as artificial intelligence and digital transformation reshape the threat landscape. The committee brings together cybersecurity, AI and legal experts to advise on AI security technologies, zero-trust architecture, cloud security, monitoring and authentication systems, cyberattack response, compliance with global standards and broader cooperation across the security ecosystem.

2026-07-12 13:31:24:00

KB chair puts AI at center of next growth phase

KB Financial Group Chair Yang Jong-hee urged the group to overhaul its operations around artificial intelligence and seize changing financial flows as an opportunity to strengthen its wealth and asset management businesses. He made the remarks at a two-day executive workshop held Friday and Saturday at the KB Injaenium training center in Sacheon, South Gyeongsang Province, where about 270 executives discussed the group's growth strategy for the next three years. "The essence of a financial group

2026-07-12 10:46:34:00

Coway tops NCSI rankings in four categories

Coway said Thursday it ranked first in four categories of the 2026 National Customer Satisfaction Index. The annual index, compiled by the Korea Productivity Center, measures customer satisfaction based on surveys of actual product and service users. Coway topped the rankings in water purifiers, mattresses, healthcare massage appliances and rental care services. The company retained its No. 1 position in the water purifier category for a third consecutive year, led by its Icon Ice Water Purifier

2026-07-09 16:33:49:00

Posco, KB launch supply chain finance for steel suppliers

Posco said Thursday it had signed a memorandum of understanding with KB Kookmin Bank to launch a supply chain finance service aimed at improving liquidity for its steel industry suppliers. The agreement, signed at Posco Center in southern Seoul, was attended by Posco President Lee Hee-geun and KB Kookmin Bank CEO Lee Hwan-ju. The new financing program will connect companies across Posco's supply chain with the bank, helping suppliers secure funding more easily when faced with delayed payments or

2026-07-09 16:15:53:00

Nongshim brings Shin Ramyun campaign to New York

Nongshim is partnering with restaurants and cultural institutions in New York this month to promote Shin Ramyun and strengthen the brand's presence in the US, the company said Thursday. As part of the campaign, the company has teamed up with Korean restaurant Atoboy to introduce the Shin Ramyun Pancake, a limited-edition menu item available throughout July. Inspired by jeon, or Korean-style savory pancakes, the dish combines the spicy flavor of Shin Ramyun with shrimp and cheddar cheese. Opened

2026-07-09 14:03:37:00

Hyundai Department Store opens first overseas flagship in Tokyo

Hyundai Department Store said Thursday it will open its first The Hyundai Global flagship store on Friday in Tokyo, marking the first overseas flagship launched by a Korean department store brand in one of Japan's premier shopping destinations. The Hyundai Global is the company's new retail platform designed to help Korean fashion, beauty, food and entertainment brands expand into overseas markets. The 620-square-meter store in Tokyo's Omotesando district occupies three floors of Tokyu Plaza Omo

2026-07-09 11:19:37:00