Mom’s Touch moves Japan base to Shinjuku, targets 100 stores by 2027

Mom’s Touch has relocated its Japanese subsidiary’s office from Shibuya to Shinjuku as the Korean fast food chain accelerates its expansion in Japan with the opening of its sixth outlet. The company said Monday that Mom’s Touch Japan will use Shinjuku as a central base for site development, franchisee training and operational support, consolidating key management functions as it builds its local network. The new Shinjuku Park Tower branch opened on the building's first basement level, about a fi

2026-09-07 18:17:34:00

Korea Zinc emerges as key to rare earth supply push

Korea Zinc could play a central role in South Korea’s efforts to reduce its reliance on imported rare earths by applying its advanced smelting and recycling technologies, according to a Korea Development Bank report. In its report, “Global Rare Earth Supply Chain Restructuring Trends,” released Sept. 2, the KDB Future Strategy Research Institute said Korea could use its sophisticated smelting capabilities and strong industrial demand base to bolster supply chain resilience as countries tighten e

2026-09-07 15:11:08:00

Samsung appliance workers escalate bonus fight with protests, Times Square ad

A Samsung Electronics union representing workers in the company's consumer device business is escalating a campaign over a widening compensation gap with its semiconductor division. The Donghaeng union, whose members are concentrated in Samsung's Device eXperience division, plans to begin holding rallies of about 200 people near Lee's home in Yongsan on Sept. 18. It will also stage relay-style one-person protests, according to industry sources on Sunday. The campaign expands on a demonstration p

2026-09-06 14:53:01:00

Hana Financial backs nationwide discounted-egg initiative for small retailers

Hana Financial Group is joining forces with small-business organizations to supply discounted eggs through neighborhood supermarkets, seeking to ease household food costs and support small retailers. The group signed the agreement with Small Enterprise and Market Service (SEMAS) and the Korea Federation of Micro Enterprise in Seoul on Friday. Hana CEO Ham Young-joo, SEMAS President In Tae-yeon and KFME Vice Chairman Kwon Hyuk-hwan were in attendance. “This project is meaningful because it allows

2026-09-06 13:47:45:00

Predictable policy key to Korea's health innovation: AmCham

Government and industry leaders called for predictable implementation of South Korea’s healthcare reforms Thursday, saying regulatory consistency would be critical to expanding patient access and attracting investment. The American Chamber of Commerce in Korea, or AmCham, convened about 150 Korean and US officials, executives and healthcare experts at its 17th Healthcare Innovation Seminar at The Shilla Seoul. Held under the theme “From Reform to Execution: Building a Predictable Healthcare Inno

2026-09-03 17:37:58:00

Korea Eximbank eyes financing for Korean push into India

The Export-Import Bank of Korea is exploring financing support for Korean companies expanding into India’s shipbuilding, steel and critical minerals sectors, the state-run lender said Thursday. Korea Eximbank Chairman and CEO Hwang Ki-yeon met Indian Ambassador to Korea Gourangalal Das at the bank’s headquarters in Yeouido, Seoul, to discuss cooperation in strategic industries. The talks focused on building local ecosystems in shipbuilding, maritime industries and advanced manufacturing in line

2026-09-03 15:23:40:00

Posco, BHP team up to advance hydrogen steelmaking

Posco has teamed up with Australian mining giant BHP to test iron ore for its HyREX hydrogen-based steelmaking technology, moving the low-carbon process closer to commercialization. The companies signed a HyREX collaboration agreement Thursday, Posco said. Posco will test BHP iron ore under different operating conditions to determine how variations in feedstock quality and characteristics affect HyREX performance. The trials will help identify the most suitable raw materials for commercial produ

2026-09-03 15:23:23:00

OCI breaks ground on 260 MW Texas solar farm

OCI Holdings’ US subsidiary OCI Energy has broken ground on a 260-megawatt solar farm in Texas, expanding its US power business as artificial intelligence data centers fuel electricity demand. Construction of the SunRoper project began Tuesday in Wharton County. OCI Holdings Chair Lee Woo-hyun attended the groundbreaking ceremony alongside OCI Energy President Sabah Bayatli and Arava Power CEO Ilan Zidkony. OCI Energy and the Israeli energy developer each hold a 50 percent stake in the venture.

2026-09-03 13:18:50:00

US Army acquisition chief inspects Hanwha’s K9 production

A senior US Army acquisition official inspected Hanwha Aerospace’s artillery production facilities in South Korea shortly after the company secured a contract to deliver prototype howitzers for an Army modernization program. Hanwha said Wednesday that Brent G. Ingraham, assistant secretary of the US Army for acquisition, logistics and technology, visited its Changwon facilities in South Gyeongsang Province on Aug. 26 with a US delegation. Ingraham is the US Army acquisition executive, who overse

2026-09-02 14:24:10:00

LIG D&A targets Nordic market with uncrewed vessels

LIG Defense & Aerospace is targeting the Nordic defense market with uncrewed maritime systems designed for surveillance, mine detection and infrastructure protection, the company said Wednesday. At DALO Industry Days 2026, held Aug. 19-20 in Herning, Denmark, the company showcased its Sea Sword unmanned surface vessel, Harbor Underwater Surveillance System and autonomous underwater vehicle for mine detection. It also displayed the AT-1K Raybolt antitank guided missile. The head of the Danish Min

2026-09-02 14:23:51:00