Korea’s real estate platform Rsquare said Wednesday it will provide commercial real estate services in Vietnam with Shinhan Bank’s branch in Vietnam. The firm will offer brokerage service, asset management, interior construction, residential property consulting and property inspection for Shinhan Bank Vietnam clients. According to Rsquare, it has compiled data on over 10,000 offices and commerc...

South Korean IT platform giant Kakao will expand its overseas revenue by 30 percent in the next three years to diversify its heavily domestic business-reliant income source, the company said on Wednesday. “The 56 overseas branches aim to boost their sales revenue by 40 percent this year. By 2025, we plan to increase overseas revenue to account for 30 percent of total sales, compared to the curre...

Kakaopay Securities, the stock brokerage arm of Korea‘s mobile payment platform KakaoPay, said Tuesday it will launch a new service in June through which one can buy stocks as gifts with its payment platform that has over 37 million subscribers. “Users can give both domestic and foreign stocks to friends and family with a gift card featuring Kakao Friends characters,” said Kakaopay Securities co...

South Korean fintech company Quantit said Monday it has received the best disruptive solution award at Technology Award 2021 hosted by Asian Private Banker. The firm was recognized for its robo-adviser service, dubbed RABIT, which uses artificial intelligence to offer investment strategies that reduce volatility in the high-risk cryptocurrency market. The service allows for a relatively safe in...

SSG.com, the digital shopping platform of retail giant Shinsegae Group, said Monday it will launch a cross-border shopping service for international shoppers. The company will sell over 9.6 million fashion and beauty items, as well as processed food on Gmarket Global’s English and Chinese online malls, as part of the first collaborative project following Shinsegae’s acquisition of eBay Korea, si...

Experts forecast the workcation trend is likely to last well beyond the pandemic. “Throughout the pandemic, a lot of companies have adopted remote work policies. Many have learned that work-from-anywhere, an advanced form of work-from-home, actually works,” said Lee Jun-young, a consumer studies professor at Sangmyung University. Lee said, given the benefits of workcation -- increasing producti...

Korea’s food giant Pulmuone said Sunday it has completed the construction of its second tofu factory in China, as it looks to accelerate its expansion in the growing market there. Located in the eastern Beijing of Pinggu, the new factory can produce 1,800 kilograms of tofu annually, increasing the productivity by 400 percent compared to the old factory. The second factory will produce a variety...

Food giant Daesang group also announced it will produce vegan kimchi, beet and pickle kimchi and white kimchi at its newly built factory in Los Angeles. White kimchi doesn’t use red pepper flakes, and tastes mild and less spicy. In case of vegan kimchi, it excludes oyster and other seafood sauce in the fermenting process, the official said. The demand for kimchi started to spike in the US when ...

South Korean food giant Daesang Group has completed construction of the first kimchi factory in the US, setting up an overseas base not only to penetrate the local market but also to expand exports to Europe and Oceania. Located in the City of Industry in LA, home to industrial facilities from overseas with business links to Asian countries, the factory can produce 2,000 metric tons of kimchi an...

Embarking on changes ranging from management to business strategy, Hyundai Heavy Industries Group on Monday deployed a new corporate name and appointed a grandson of the founder as its new chief executive officer. In a widely anticipated move, Chung Ki-sun, grandson of Hyundai Group founder Chung Ju-young, was appointed as CEO of Hyundai Heavy Industries Group at the shareholders meeting, comple...

South Korean hair care brand Moda Moda said Friday it is considering relocating its core business to the US in the face of a sales ban of its popular hair coloring shampoo by the nation’s drug agency. “If the Ministry of Food and Drug Safety sticks to sales ban on our coloring shampoos, we have no choice but to moving our business to the US,” a Moda Moda official said. The official added the co...

Experts say even though Chanel has ramped up prices close to rival luxury house Hermes, people are beginning to doubt that it’s worth the price. “When people purchase an expensive bag, they relate themselves to the brand -- something that’s luxury and rare. But you don’t feel special when everyone around you carries a Chanel,” said Lee Eun-hee, a consumer science professor at Inha University. L...

Dongnae, Korea’s real estate startup platform, said Wednesday it has raised 25 billion won ($21 million) in Series A funding from US and Korean investors. Key investors include NFX, Daol Investment, Hana-Magna, Hana Financial Group, MetaProp, Fursys, Han River Partners, Flybridge, Maple, and WeWork co-founder Miguel McKelvey. “We plan to expand Dongnae branches in Seoul and in the Seoul metropo...

Dunamu, the operator of Korea’s largest cryptocurrency exchange Upbit, said Tuesday it has donated 1 billion won ($820,000) to the United Nations World Food Program in a bid to provide food aid for war-torn Ukraine. According to Dunamu, it is the first Korean company to donate to WFP’s emergency assistance program that gives local food and food vouchers to civilians affected by the conflict in U...

Naver Webtoon, South Korean tech giant Naver’s web-based cartoon platform, said Monday it will open a European branch in France by June in a bid to further expand its presence in the global market. “The branch, tentatively called 'Webtoon EU,' will oversee webtoon services in France, Germany and Spain, and discover new business opportunities in other European countries,” a Naver official said. ...