Gaon Cable targets US nuclear, SMR markets with North Carolina production line

Gaon Cable said Monday it plans to add a nuclear power cable production line at its US subsidiary in North Carolina, targeting growing demand as the country expands nuclear capacity to meet surging electricity needs. The South Korean cable maker will establish the line at LSCUS in Tarboro, expanding its US-made portfolio beyond overhead transmission lines to specialized cables for conventional nuclear reactors and small modular reactors. The move comes as soaring power demand from artificial int

2026-10-12 11:17:13:00

[Photo News] Olive Young takes K-beauty to Sephora Asia

CJ Olive Young is holding a K-beauty pop-up at ION Orchard in Singapore through Wednesday to mark the launch of its K-Beauty Edit sections at Sephora stores across Asia. The curated collection of Korean beauty products is now available at 48 Sephora stores in Malaysia, Singapore, Thailand and Hong Kong, as well as online. The pop-up offers skin analysis, product samples and skincare products in four categories. The Asian expansion follows the collection’s US debut in August under a partnership s

2026-10-12 11:04:10:00

SK launches 2-year AI training program with W3m monthly stipend

SK Group said Monday it will launch a two-year, full-time artificial intelligence training program for young adults, offering participants 3 million won ($2,200) a month as they work on real-world AI projects. The program, called SK AIGen — “AI” plus “generation” — is designed to develop practical skills for the AI era rather than focus on conventional academic credentials. Participants will identify problems facing individuals, businesses and society and develop AI-based solutions either indepe

2026-10-12 11:03:29:00

LG Electronics expands US premium appliance push as Signature marks 10 years

LG Electronics is expanding its premium appliance lineup and retail distribution in the United States as its luxury brand LG Signature marks a decade in the market, the company said Sunday. The South Korean electronics maker aims to strengthen its presence in North America's premium and built-in appliance sectors by broadening its kitchen portfolio, widening retail access and introducing artificial intelligence features. The brand now offers 10 kitchen product categories, including ranges, wall

2026-10-11 11:53:48:00

Starbucks regains coffee chain lead five months after 'Tank Day' controversy

Starbucks Korea regained the top spot in sales among South Korean coffee chains in September, overtaking A Twosome Place after four months in second place following a public backlash over its controversial "Tank Day" promotion. According to by estimated credit and debit card spending data released Sunday by Mobile Index, a market intelligence platform operated by IGAWorks, Starbucks recorded an estimated 121 billion won ($90.3 million) in card payments last month, up 4.3 percent from August. Mon

2026-10-11 11:53:28:00

GI Innovation starts Japan phase 2 trial of allergy drug

GI Innovation said Wednesday that the first patient in a Japanese phase 2 trial of its allergy treatment candidate GI-301 is scheduled to receive the drug this month. Under a licensing agreement with Maruho signed in 2023, GI Innovation transferred Japanese development and commercialization rights for GI-301 to Maruho in a deal worth up to 300 billion won ($221 million) at the time. The Korean biotech is entitled to milestone payments tied to development and commercialization, along with royalti

2026-10-07 15:10:33:00

Paris Baguette eyes US expansion after Paran Label’s Singapore debut

Paris Baguette has rolled out its health-focused Paran Label range across all 28 Singaporean stores, marking its first overseas expansion as the bakery chain prepares to take the line to other markets, including the US. The rollout follows a February pilot at its Paragon outlet. Seven items — five bakery products and two sandwiches — are now available across the Singapore network. Paris Baguette said average sales over 30 days following the rollout rose 57 percent in the sliced bread category an

2026-10-07 14:12:46:00

Medicube enters Mexico’s luxury department store market

APR has opened a permanent Medicube store at Mexico’s Palacio de Hierro, becoming the first Korean beauty brand to enter the premium department store chain, the company said Wednesday. The store at the retailer’s Satelite branch, northwest of Mexico City, builds on Medicube’s pop-up at Oasis Coyoacan earlier this year. A second permanent location is scheduled to open at Palacio de Hierro’s Coyoacan branch this month. The openings deepen APR’s push into Mexico’s premium beauty market, adding dedi

2026-10-07 10:52:15:00

SK On’s Hungary plant earns Ford’s top Q1 quality certification

SK On said Wednesday that its Ivancsa Plant in Hungary has received Ford’s Q1 Award, the automaker’s highest quality certification for supplier facilities, just over two years after starting commercial operations. The battery maker held an award ceremony at the site Tuesday, where SK On Europe head Kim Seong-sik received a plaque from Ford representatives. Ford grants Q1 status after assessing suppliers on production technology, product quality, improvement efforts, and manufacturing and quality

2026-10-07 10:43:19:00

Korean Air chief wins CAPA leadership award

Korean Air and Hanjin Group Chairman and CEO Walter Cho has been named the Asia Airline executive of the year for his leadership through the pandemic and the airline’s merger with Asiana Airlines, Korean Air said Monday. Cho received the award at the CAPA Airline Leader Summit Asia, held Thursday and Friday at New Chitose Airport on the northern Japanese island Hokkaido. The ceremony was held by CAPA — Center for Aviation, an aviation market intelligence provider that recognizes executives for t

2026-10-05 11:24:31:00