Deal graveyard: S.Korean F&B franchise sales left without takers

Korean food is making waves globally, but back home, the story is different for food and beverage franchise operators. Franchisors in South Korea ar...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge

Global memory chip markets, long weighed down by excess inventories and sagging demand, are showing early signs of a thaw.South Korea’s export...

Time to spend: Korean shoppers loosen purse strings on luxuries, hotels

South Korea’s long-dormant consumer sector is showing signs of revival, as shoppers – once paralyzed by political uncertainty – re...

S.Korea imports Canadian oil for 1st time under Trump's 2nd term

South Korea has imported crude oil from Canada for the first time amid escalating tariff tensions between the US and Canada since Donald Trump's ret...

Samsung Heavy makes breakthrough in FLNG liquefaction technology

Samsung Heavy Industries Co., a major Korean shipbuilder, has made a breakthrough in its liquefaction technology for floating liquefied natural gas ...

Trump says Korea interested in Alaska gas project; Korean firms skeptical

South Korea, Japan and other countries want to partner with the US in a $44 billion natural gas pipeline project in Alaska, President Donald Trump s...

S.Korea's Yoon survives impeachment; economic fundamentals firm

South Korean President Yoon Suk Yeol survived an impeachment vote against him after an overwhelming majority of governing party lawmakers boycotted ...

Samsung Bespoke AI Combo targets European market

Samsung Electronics Co. said on Sunday it held the showcase for launching its all-in-one washer-dryer, Bespoke AI Combo, in Berlin, Germany on Nov...

In South Korea, cash is king on US election, Samsung uncertainties

South Korean investors are hoarding cash as Samsung Electronics Co., the world’s top memory chipmaker, hurts local stocks and uncertainties ov...

Lotte Card launches long-term rental car card in Vietnam

South Korea's Lotte Card Co. launched a long-term car rental exclusive card in Vietnam to expand its presence in the local market.Its Vietnamese s...

Netmarble unveils teaser video for its new game ‘The King of Fighters’

Netmarble Corp. announced on Thursday that it premiered a teaser video for its new game “The King of Fighters (KOF) AFK” at the SNK boot...

CJ Group explores Saudi Arabia's entertainment potential

CJ Group, South Korea’s food-to-entertainment giant, is exploring business opportunities in Saudi Arabia's entertainment and logistics sectors...

Samsung SDI, GM to build $3.5 bn EV battery plant in US

Samsung SDI Co., the world’s No. 6 battery maker, and General Motors Co., the leading US automaker, are set to build a $3.5 billion cell plant...

NPS to veto SK Innovation’s merger with LNG affiliate

South Korea’s National Pension Service (NPS), manager of the world’s third-largest public pension fund, said on Thursday it is set to ve...

Doosan Fuel Cell wins $73 mn hydrogen fuel cell contract

South Korea's Doosan Fuel Cell has secured a 100 billion won ($72.93 million) contract for the maintenance of hydrogen fuel cells, the company said ...

Taihan Cable wins $137 mn long-term contract in US

South Korea's Taihan Cable & Solution Co. announced on Thursday that its US sales subsidiary T.E.USA has secured a long-term contract worth 190 ...

Lotte Rental to service Vietnam's individual long-term rental

Lotte Rental Co., South Korea's largest car rental firm, announced on Monday that it will enter Vietnam's individual long-term car rental market in ...

Hanwha Group to expand stock compensation to team chiefs

South Korea’s No. 7 conglomerate Hanwha Group will expand its restricted stock units (RSUs) to encourage employee interest in the company&rsqu...

Samsung to invest $52 mn in US biotech VC Flagship Pioneering

Samsung C&T Corp., its bio units Samsung Biologics Co. and Samsung Bioepis Co. and Samsung Venture Investment Corp. have committed a combined 72...

Hyundai Motor Group, Oxford Univ. establish Foresight Center

Hyundai Motor Group announced on Tuesday that it partnered with the University of Oxford and established the Oxford-Hyundai Motor Group Foresight Ce...

Korea's NPS CIO talks with GPIF, GIC execs on asset allocation

South Korea’s National Pension Service (NPS) Chief Investment Officer Seo Won-joo has visited Japan and Singapore on his first overseas busine...

Korean LCCs take on flag carriers with long-haul routes

From June 11, Air Premia Inc. is slated to launch service to Oslo, Norway, the longest-haul route for a South Korean low-cost carrier (LCC). The LCC...

Korea scraps ban on online purchase of 80 items from abroad

South Korea has scrapped a plan to ban direct purchases of some 80 items from overseas e-commerce platforms, a government office said on Sunday, aft...

NPS to hike risky asset purchases under simplified allocation system

The National Pension Service (NPS), South Korea’s state-run pension fund, is introducing a new simplified asset allocation guideline under whi...

Starfield launches 4th annual balloon festival with iconic character displays

Starfield, a chain of large shopping malls owned by Shinsegae, a South Korean retail company, announced on Friday that its 4th annual balloon festiv...

Pepero enters Thailand’s King Power Duty Free

South Korea's Lotte Wellfood Co. announced on Friday that its thin chocolate-coated cookie sticks Pepero and no-sugar ice cream Zero entered King Po...

SK Innovation to adjust business portfolios for long-term growth

SK Innovation Co., South Korea’s top energy company, is slated to adjust its business portfolios for long-term growth while not planning to sl...

End of the Whopper, Burger King's belated April Fool’s prank?

Burger King on Monday announced a plan to stop selling its iconic Whopper hamburger in South Korea this month after 40 years, provoking an outcry am...

Hyundai Globis wins long-term LNGC charter in Qatar

South Korea's Hyundai Glovis Co. announced on Monday that it has won a long-term charter for four liquefied natural gas carriers (LNGC) from QatarEn...

Asan Nanum Foundation invites innovators to startup pitch

The Asan Nanum Foundation, a nonprofit foundation set up in 2011 to commemorate the 10th anniversary of Hyundai founder Chung Ju-yung’s death,...