At home, K-convenience stores battle stagnation; abroad they're powerful K-food ambassadors

At home, K-convenience stores battle stagnation; abroad they're powerful K-food ambassadors

In the bustling backstreets of Ulaanbaatar, shoppers file out of a CU convenience store with instant tteokbokki, or simmered Korean rice cake, packs...

S.Korea’s No.1 dried seaweed firm Kwangcheonkim on market for $295 mn

S.Korea’s No.1 dried seaweed firm Kwangcheonkim on market for $295 mn

Kwangcheonkim Co., South Korea’s largest seaweed producer with a history spanning over 50 years, is up for grabs in a deal that could fetch up...

S.Korea eases path for foreign REITs in senior housing push

S.Korea eases path for foreign REITs in senior housing push

South Korea, grappling with a fast-aging population, has relaxed development and ownership rules for senior housing, opening the sector to foreign h...

Samsung to equip Galaxy Z Flip7 with Exynos AP at home

Samsung to equip Galaxy Z Flip7 with Exynos AP at home

Samsung Electronics Co. plans to power its upcoming foldable smartphone with its new in-house application processor (AP), marking a significant step...

Rental housing gains appeal amid supply crunch: asset managers

Rental housing gains appeal amid supply crunch: asset managers

The rental housing markets in the US, Europe and Australia present attractive investment opportunities as persistent supply shortages and rising urb...

S.Korea’s Lunit installs breast cancer AI diagnostic tool at 200 US hospitals

S.Korea’s Lunit installs breast cancer AI diagnostic tool at 200 US hospitals

Lunit Inc., a South Korean AI-powered cancer diagnostics company, said on Monday that more than 200 healthcare institutions across the US have now a...

LG Electronics breaks ground on $600 mn home appliance plant in India

LG Electronics breaks ground on $600 mn home appliance plant in India

South Korea’s LG Electronics Inc. has broken ground on its third home appliance manufacturing plant in India with a $600 million investment to...

Orion behind original Choco Pie to invest $580 million in new plants

Orion behind original Choco Pie to invest $580 million in new plants

Orion Corp., a South Korean confectionery and snack manufacturer, will inject 830 billion won ($580 million) over three years to expand snack manufa...

Samsung, Google to unveil smart glasses next year in deeper AI alliance

Samsung, Google to unveil smart glasses next year in deeper AI alliance

Samsung Electronics Co. and Google LLC are strengthening their long-standing alliance as the artificial intelligence (AI) era redefines the balance ...

LG Electronics restarts home appliance plant in Russia

LG Electronics restarts home appliance plant in Russia

LG Electronics Inc. has resumed operations at its home appliance plant in Russia amid prospects of a ceasefire between Russia and Ukraine, signaling...

CHA Biotech seeks to resume healthcare unit IPO after affiliates’ merger

CHA Biotech seeks to resume healthcare unit IPO after affiliates’ merger

CHA Biotech Co., South Korea’s leading stem cell therapeutics developer, plans to resume an initial public offering of CHA Healthcare Co., a m...

EQT targets healthcare, technology, business service providers in Korea

EQT targets healthcare, technology, business service providers in Korea

EQT, the largest private equity firm in Europe, is setting its sights on healthcare, technology companies and business service providers in South Ko...

Partners Investment, GordonMD eye $150 mn biotech fund launch

Partners Investment, GordonMD eye $150 mn biotech fund launch

South Korean venture capital firm Partners Investment said on Thursday it will raise up to 215.5 billion won ($150 million) in a biotech fund jointl...

HD Hyundai Electric to invest $274 mn in transformer output ramp-ups

HD Hyundai Electric to invest $274 mn in transformer output ramp-ups

HD Hyundai Electric Co., a South Korean electric power equipment maker, plans to invest about half of its 2024 operating profit, estimated at 720 bi...

Korea's No. 1 fitness app Planfit eyes bigger market beyond home in 2025

Korea's No. 1 fitness app Planfit eyes bigger market beyond home in 2025

A new year has arrived, and with it come the New Year’s resolutions. However, if you are one of those who feel you've already failed to keep y...

Boryung invests $10 million in Intuitive Machines

Boryung invests $10 million in Intuitive Machines

South Korea's Boryung Corp. said on Friday it bought $10.0 million in shares of US-based lunar lander company Intuitive Machines to expand its space...

LG Electronics rises to global prominence in HVAC segment, ranks fifth

LG Electronics rises to global prominence in HVAC segment, ranks fifth

LG Electronics Inc., a leading South Korean home appliance maker, has emerged as one of the world’s top five players in the heating, ventilati...

Hyundai Motor designs the future of mobility in Irvine studio

Hyundai Motor designs the future of mobility in Irvine studio

IRVINE, Calif. -- White sneakers, gray nail polish, pink goggles and orange remote controls are not something visitors expect to see in car design s...

LG Elec launches modular home Smart Cottage

LG Elec launches modular home Smart Cottage

LG Electronics Inc. said on Wednesday it started selling its LG Smart Cottage, a compact, prefabricated modular home that utilizes its cutting-edge ...

Instagram poised to crack Korean webcomics market

Instagram poised to crack Korean webcomics market

Big tech has begun its encroachment on the South Korean webcomics market, largely dominated by local players over the past two decades, fanning fear...

LG Elec named Lowe's 2024 vendor partner of year

LG Elec named Lowe's 2024 vendor partner of year

LG Electronics Inc. said on Wednesday that it was named Lowe's 2024 Vendor Partners of the Year. Lowe's operates over 1,700 home improvement store...

Samsung teams up with Ashley to expand SmartThings IoT service

Samsung teams up with Ashley to expand SmartThings IoT service

SILICON VALLEY – South Korean tech giant Samsung Electronics Co. is partnering with Ashley Home Stores Ltd., the US’ largest furniture s...

LG NOVA hosts Innovation Festival in US

LG NOVA hosts Innovation Festival in US

LG Electronics Inc. 's North American Innovation Center (LG NOVA) said on Monday that it held an Innovation Festival last Wednesday and Thursday at ...

Samsung develops health software development kit

Samsung develops health software development kit

Samsung Electronics Co. on Thursday introduced the Samsung Health Software Development Kit (SDK) Suite, aimed at helping developers and researchers ...

Hyundai partners with Samsung to enhance connected vehicle technology

Hyundai partners with Samsung to enhance connected vehicle technology

South Korea’s Hyundai Motor Group has joined forces with Samsung Electronics Co. to advance connected vehicle technology utilizing the tech gi...

Lotte Home Shopping, Asahi to cooperate on health functional food biz

Lotte Home Shopping, Asahi to cooperate on health functional food biz

South Korea's Lotte Home Shopping signed an exclusive agreement with Japan's Asahi Group Foods to supply and sell health functional food ingredients...

Samsung’s Ballie, LG's Q9 AI robots steal the show at IFA 2024

Samsung’s Ballie, LG's Q9 AI robots steal the show at IFA 2024

BERLIN – Ballie, the artificial intelligence-powered companion robot developed by Samsung Electronics Co., has come a long way since the South...

Hyundai Department to triple healthcare sales by 2030 with Nestle

Hyundai Department to triple healthcare sales by 2030 with Nestle

Hyundai Department Store Group, a South Korean conglomerate controlling retail, fashion, healthcare and lifestyle businesses, aims to triple its hea...

Nongshim to build export-only ramen factory in Korea

Nongshim to build export-only ramen factory in Korea

South Korea’s instant noodle giant Nongshim Co. will build a local plant dedicated to producing ramen — or ramyun, as the company spells...

LG Elec to unveil AI home hub ThinQ ON at IFA

LG Elec to unveil AI home hub ThinQ ON at IFA

LG Electronics Inc. said on Thursday that it will unveil LG ThinQ ON, the home appliance industry's first AI home hub equipped with generative artif...

Yes, it’s K-beauty: Buying interest for makeup brands runs high even before they're up for sale Kakao Pay backs out of acquisition deal for SSG Pay, Smile Pay Hanwha in talks to buy five-star hotel Paraspara Seoul Kia's Lego-like PV5 with 16 variants to hit market in July Stray Kids make K-pop history with landmark stadium show in Germany