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Vien Yeung, a 29-year-old Chinese American from the University of California, Berkeley, and a current MBA candidate at Harvard Business School, has chosen to spend her summer at Korea's food giant, CJ CheilJedang. With her graduation set for March 2025, Yeung's decision to work at the company stem...
“Hyundai’s electric buses stand out for their quality and dependability, which is why we picked them over Chinese alternatives. We’re looking forward to transitioning our entire fleet on Yakushima to electric,” said Yoshitaro Iwasaki, CEO of the Iwasaki Group during the signing ceremony. The E...
Bacardi Korea has partnered with The Shilla Seoul for a luxury summer room package "Simply Perfect Vacation," featuring its premium tequila brand, Patron, the company announced Tuesday. As part of Bacardi Korea’s premium marketing strategy, the Simply Perfect Vacation package focuses on providing...
Nongshim announced on Tuesday that it has been selected for South Korea's smart farm export project that aims to establish and operate a pilot greenhouse in Saudi Arabia. The project is initiated by the Ministry of Agriculture, Food and Rural Affairs and led by the Korea Agriculture Technology Pro...
Korean Air is to purchase up to 50 new widebody aircraft from Boeing in its push to enhance fleet quality and meet sustainability goals. The deal price is estimated to reach some 30 trillion won ($23 billion), according to industry sources. The company declined to confirm. The national flag carri...
Chinese e-commerce giant Alibaba.com, owned by Alibaba Group, said Monday that it will launch an online platform to help Korean sellers expand into global online markets. The new platform, called the South Korea Pavilion, will be available starting Aug. 8 and will focus on business-to-business tra...
Goldman Sachs has tapped Ahn Jae-hoon, a veteran dealmaker and a former vice president of SK Bioscience, to head its investment banking business in South Korea. The bank announced Monday that Ahn has been appointed as the head of its investment banking in Korea and co-country head. The positions h...
A notable feature of the new 787-10 is the Prestige Class seats, which are presented in a deep brown color -- a shift from the airline's traditional light blue. This comes with environmental efficiency as well. By using carbon composite materials instead of traditional aluminum alloys, the aircraf...
Meanwhile, a Bombay Sapphire pop-up store in the hip Seongsu-dong neighborhood also goes on through Wednesday. Bacardi Korea plans to ramp up marketing efforts highlighting the unique stories and fun elements of each brand within its product portfolio. In line with this trend, there is notable syn...
LG Innotek said Monday that it has developed a more advanced digital key solution for smartphone-based vehicle control. The technology uses wireless communication to connect with smartphones, allowing users to unlock and start their vehicles without carrying a key, thus reducing the risk of key lo...
MG Non-Life Insurance's third attempt to find a new owner has failed amid concerns over its financial stability. Samjong KPMG, the lead advisor for the insurer's sale, conducted the final bidding on Friday, but no participants showed up, according to sources in the financial sector. Local private...
South Korea should work on establishing more artificial intelligence infrastructure to attract global tech firms, otherwise it could be in danger of AI dependence on other countries, said SK Group Chairman Chey Tae-won, who doubles as chairman of the Korea Chamber of Commerce and Industry. “Among...
South Korea’s independent renewable energy producer Bright Energy Partners said Sunday that it has secured a fresh investment worth 100 billion won ($71.8 million) from its largest shareholder BlackRock. This funding, provided through BlackRock’s climate infrastructure business, is the fourth in...
Earlier this month, Cho Hyun-moon, the second son of late Hyosung Group Chairman Cho Suck-rai, held a surprise press conference to announce his intention to donate his entire inheritance, worth about 100 billion won ($72 million), to a public foundation. Cho, a former Hyosung executive, has remain...
South Korea's fashion scene is drawing increased interest from well-known global brands, particularly those targeting young women. Several overseas-based labels, such as Alo Yoga, On, Brandy Melville and Human Made, are slated to enter Korea's market. These brands have already garnered a loyal fol...
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