Liberal Lee Jae-myung wins election as South Korean president

South Korea’s liberal politician Lee Jae-myung has been elected the country's next president. Lee has pledged to revive Asia’s fourth-la...

Korea’s KT signs $95 million AI partnership with Vietnam’s Viettel Group

South Korea’s leading telecommunications service provider KT Corp. said on Tuesday it has signed a 130 billion won ($95 million) strategic par...

South Korean stock trading volume at 8-month high

Trading volume in South Korean stock market has surged to its highest level in eight months, with investors piling into defense, nuclear energy, shi...

Prices are not high enough? Trees don't grow to the sky

The S&P 500 index just experienced its best two-year streak since the 1997-98 Asian financial crisis, with the hype surrounding artificial intel...

S.Korea sees foreign visitors 95% of pre-pandemic

The Korea Tourism Organization (KTO) announced on Friday that the number of foreign tourists visiting South Korea in May was 1.42 million, an increa...

Affinity fails in Lock&Lock tender offer; eyes equity swap

Hong Kong-based Affinity Equity Partners is planning for an equity swap between its new entity and South Korean food container maker Lock&Lock...

CJ's Bibigo Gimbap enters Australian Woolworths stores

South Korea's food giant CJ CheilJedang Corp. announced on Sunday that it released its Bibigo frozen Gimbap products at Woolworths, Australia's numb...

Samsung to more than double chip investment in Texas

Samsung Electronics Co. plans to more than double its total semiconductor investment in Texas to about $44 billion to add an advanced semiconductor ...

Paris Baguette opens first store in Hawaii

Paris Baguette, the bakery franchise owned by South Korea's SPC Group, announced on Monday that it opened its first store in Hawaii, the US. The s...

Warren Buffett’s IMC to invest $98 million in Daegu for chip materials plant

DAEGU – The IMC Group, owned by Warrant Buffett’s Berkshire Hathaway Inc., will invest 130 billion won ($98 million) to build a semicond...

After frozen Kimbap craze, here comes Korean street food

It all began in August, when hundreds of tons of frozen South Korean kimbap, or seaweed-wrapped rice rolls, sold out within a month of their arrival...

Lotte Mart debuts Korean street food store in Indonesia

South Korea's Lotte Mart has introduced its first specialized grocery store overseas, announcing the opening of its revamped Gandaria store in Jakar...

Nongshim to open brand zone in Myeongdong, Seoul

South Korean food and beverage giant Nongshim Co. announced on Friday that it will open its brand zone in Myeongdong, Seoul with the domestic street...

CJ CheilJedang to boost K-Street Food exports

Korean food giant CJ CheilJedang Corp. is seeing major success with its "K-Street Food" line, a selection of iconic Korean street snacks with global...

BP, Corio to invest $1.1 billion in S. Korea as Seoul-London ties deepen

LONDON – British offshore wind power developer Corio Generation and energy giant BP Plc have agreed to invest a combined 1.5 trillion won ($1....

LG Elec unveils shoe care appliance at ComplexCon 2023

LG Electronics Inc. unveiled its dedicated shoe care appliance Styler Objet Collection ShoeCare and ShoeCase at ComplexCon 2023 in Long Beach, Calif...

Samsung Asset launches 1st Korea-listed ETF in US

Samsung Asset Management Co., South Korea’s largest exchange-traded fund (ETF) manager, has launched an ETF in the US, the first of its kind t...

CJ CheilJedang to export K-Street Foods

South Korean food company CJ CheilJedang Corp. ’s strategic product lineup K-Street Food will be launched in June next year on major global ma...

China’s graphite export curbs deal blow to Korean battery sector

South Korean electric vehicle battery and battery component makers are fretting over the Chinese government’s impending restrictions on export...

Stamps of K-Street food to be issued on Sept. 21

South Korea's state-run postal service agency Korea Post announced on Wednesday that it will issue 1.28 million commemorative stamps featuring two o...

Korean LG Chem to spend $95 mn to double water treatment biz

South Korea’s top chemicals maker LG Chem Ltd. plans to spend 124.6 billion won ($94.5 million) on increasing its water treatment material out...

Fans of Supreme rush into the label's 1st Korean store

The US street fashion brand “Supreme,” which has a global fandom with a brand name written in white in a red box, opened its first store...

India rises as LG's cash cow under revised S.Korean tax laws

South Korea’s LG Electronics Inc. has received nearly 600 billion won ($470 million) in dividends from its overseas operations in the first qu...

CJ CheilJedang plans to globalize Korean street food

South Korea's food giant CJ CheilJedang Corp. is set to launch a range of Korean street food as new products, aiming for global expansion. The compa...

S.Korea’s character Baby Shark stars with Sesame Street’s Elmo

Baby Shark, the popular children’s character from South Korea’s family entertainment company Pinkfong, and Elmo, the famous red monster ...

S.Korea's brewery Seoul Jangsu forms marketing tie-up with fashion industry

With South Korea's traditional milky rice wine makgeolli seeing its second heyday centered on the 20- and 30-something crowds, marketing tie-ups tar...

S.Korea's Harim launches street food brand Melting Piece

South Korea's leading poultry processing firm, Harim Co., announced on Thursday the launch of its new street food brand, Melting Piece, in response ...

Samsung SDI wins $95 mn EU aid for Hungary battery plant

Samsung SDI Co. has secured €89.6 million ($95 million) in subsidies from the European Union for its first electric vehicle battery plant in Hu...

S.Korean investors eye VC, growth equity in tech: Adams Street

Many investors are questioning whether private markets will stay bullish amid uncertainty in 2023. The markets will continue to generate interesting...

Prestige Bio's Herceptin biosimilar proves equivalence in clinical trials

Prestige Biopharma, a South Korean biopharmaceutical developer, said on Tuesday that the final analysis of phase 3 clinical trial on the anti-cancer...