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LS Cable & System, South Korea's leading cable manufacturer, showcased last Thursday its extensive line of undersea cable production facilities at its Donghae plant in Gangwon Province, aiming to more than double its yearly sales from undersea cables to 1 trillion won ($740 million) over the next f...
South Korean bakery giant SPC Group announced Sunday that the number of its overseas Paris Baguette stores has reached 500, with the latest opening in Singapore. The 500th store opened at Terminal 2 of Changi International Airport as part of the bakery chain’s expansion into Asia and the Middle E...
Samsung Electronics Executive Chairman Lee Jae-yong met with a group of top executives from Japanese electronic parts vendors for their annual meeting in Seoul, which had been suspended due to the COVID-19 pandemic, according to industry sources, Sunday. The annual meeting between Samsung and its ...
Korean tech conglomerate Kakao could lose its controlling shareholder position in its internet-only bank affiliate, as its top leaders have become embroiled in stock manipulation allegations stemming from the acquisition of K-pop agency SM Entertainment. On Friday, the country’s financial watchdo...
South Korean air carrier Asiana Airlines will reportedly convene a meeting of its board of directors on Oct. 30 to decide whether or not to sell its cargo business, as a part of its efforts to accelerate its merger with its bigger rival Korean Air, industry sources said Friday. In order for the sa...
South Korean food manufacturer Samyang Foods said Friday it would launch a new tom yum flavor of its bestseller Buldak Spicy Chicken Ramen series in the US market later this year. Featuring the traditional Thai hot and sour soup, tom yum, the new export-version of Buldak targeted Asians as well as...
Fitch said that South Korea's "AA-" sovereign rating, which has remained steadfast over 10 years, could be adjusted upward if geopolitical issues such as inter-Korean relations and US-China conflicts are improved, during the 2023 Fitch on Korea seminar held in Seoul on Friday. While improved relat...
South Korean trading company STX said Friday it had decided to initiate a paid-in capital increase of 80 billion won ($58 million), in a bid to finance funds for expanding its global secondary battery businesses and Trollygo, the company's new business-to-business trading platform to be launched ne...
Samsung, which began mass production of 12-nano DRAM in May, announced that it was developing the next-generation 11-nano DRAM to achieve the industry's highest level of integration. The firm is also preparing to introduce a new 3D structure in DRAM of 10 nanometers or less and plans to expand the ...
Jeong Sora, an employee at Storage Book & Film located near Haebangchon, observes varied customer behaviors. “Many folks wander in, sometimes drawn by an Instagram post, and take their time leafing through various titles before settling on one. From my experience chatting with some, it's clear som...
Starbucks’ recent decision to allow customers to purchase items cheaper than the value of their coupons and get a refund on the price difference is being greeted with enthusiasm by Korean consumers. The new coupon system, which is expected to take effect starting as early as December, has been a ...
A Seoul court issued an arrest warrant for Kakao Chief Investment Officer Bae Jae-hyun on Thursday on charges of market manipulation related to SM Entertainment's stock price. The development has raised uncertainty about joint projects initiated by Kakao and SM Entertainment. "The arrest warrant w...
SK Group Chairman Chey Tae-won urged top executives of the group's affiliates to respond with agility to survive in a fast-changing market environment and deepening geopolitical crisis, according to the group on Thursday. In the closing ceremony of the group's annual CEO seminar held in Paris on W...
South Korean construction management firm Hanmi Global said Thursday the company will hold the 2023 Datacenter Innovation Forum at Coex, southern Seoul, on Nov. 6. Via presentations from global companies such as program management service provider Turner & Townsend, British design engineering comp...
LG Energy Solution said Thursday it is set to launch a new residential energy storage system device lineup called LG enblock S in the United States next month. Installed with nickel, manganese and cobalt batteries, the LG enblock S is a device with high energy density that can provide a wide range...
Mercedes-Benz donates W500m for child protection center in Incheon
Korean banks head to CES amid AI push
Samsung SDI builds EV momentum with Audi, Hyundai deals
[Exclusive] Hyundai Mobis eyes closer ties with BYD
Hyundai Capital sets up Australian subsidiary
Nvidia CEO signals Samsung’s imminent shipment of AI chips