IFEZ to apply for designation of southern Ganghwa as free economic zone

IFEZ to apply for designation of southern Ganghwa as free economic zone

The Incheon Free Economic Zone (IFEZ) Authority is set to submit its application by the end of June to designate the southern end of Ganghwa Island ...

Dawn delivery pioneer Kurly posts 1st-ever quarterly profit

Dawn delivery pioneer Kurly posts 1st-ever quarterly profit

Kurly Inc., a pioneer in South Korea’s dawn delivery market, has posted its first-ever quarterly profit, bucking a slowdown in private consump...

Korea’s Incheon Airport to upgrade, operate Uzbek airfield in $140m deal

Korea’s Incheon Airport to upgrade, operate Uzbek airfield in $140m deal

INCHEON – South Korea’s Incheon International Airport Corp. (IIAC) is set to upgrade and operate an airfield in Uzbekistan to expand the...

Naver, Kurly tie up to counter e-commerce giant Coupang

Naver, Kurly tie up to counter e-commerce giant Coupang

South Korea’s online giant Naver Corp. and dawn grocery platform service provider Kurly Inc. have joined forces for a potential stake acquisit...

Parliament passes bill to expand boards’ fiduciary duties

Parliament passes bill to expand boards’ fiduciary duties

South Korea's National Assembly on Thursday passed an amendment to the Commercial Act to expand boards of directors’ fiduciary duties to minor...

LG Chem unveils precursor-free cathode material for batteries

LG Chem unveils precursor-free cathode material for batteries

LG Chem Ltd. is set to become the first South Korean company to mass-produce precursor-free cathode materials, designed for high- and mid-nickel bat...

South Korea to levy 38% anti-dumping duties on Chinese steel products

South Korea to levy 38% anti-dumping duties on Chinese steel products

South Korea plans to impose up to 38% provisional anti-dumping duties on Chinese hot-rolled steel plates starting next month, judging that those pro...

Korean e-commerce platforms’ growth cools; Naver Shopping sales down

Korean e-commerce platforms’ growth cools; Naver Shopping sales down

South Korea’s major e-commerce platforms, including Naver Shopping, are showing signs of slowing growth amid the rise of Chinese platform gian...

Small firms emerge as prime targets of management disputes in Korea

Small firms emerge as prime targets of management disputes in Korea

Small and medium-sized enterprises (SMEs) accounted for the majority of disputes over corporate management control in South Korea last year, with th...

AI agent Gentoo poised to revolutionize online shopping

AI agent Gentoo poised to revolutionize online shopping

South Korean artificial intelligence startup Waddle Corp. is gearing up to reshape the online retail industry with artificial intelligence-powered i...

Lotte Duty Free unveils robot bartender in Gimpo Int'l Airport

Lotte Duty Free unveils robot bartender in Gimpo Int'l Airport

South Korea's Lotte Duty Free said on Thursday it placed its AI-based robot bartenders in Gimpo International Airport.Lotte Duty Free offers robot...

Real estate debt outshines corporate credit: Savills IM

Real estate debt outshines corporate credit: Savills IM

Private credit has been among the top picks for alternative investors over the past few years. During the period of high interest rates, corporate l...

Hanjin expands GDC at Incheon Airport

Hanjin expands GDC at Incheon Airport

South Korea's Hanjin Transportation said on Monday it expanded its global distribution center (GDC) at Incheon International Airport to meet the dem...

S.Korean gov't to lift two-bottle limit on duty-free alcohol

S.Korean gov't to lift two-bottle limit on duty-free alcohol

South Korean government will lift the number restriction of duty-free alcohol bottles for inbound travelers and halve the patent fees to boost the d...

LG H&H’s sales surge 156% on Amazon Black Friday

LG H&H’s sales surge 156% on Amazon Black Friday

South Korea’s LG H&H Co. said on Thursday its sales on Amazon Black Friday this year surged 156% year over year.The Face Shop's Rice Water...

KB Kookmin Card, UnionPay to cooperate on marketing

KB Kookmin Card, UnionPay to cooperate on marketing

South Korea's KB Kookmin Card said on Tuesday it signed a memorandum of understanding (MOU) with China's UnionPay to cooperate on marketing. ...

Shilla Duty Free opens Guerlain Ultimate Boutique at Incheon Airport

Shilla Duty Free opens Guerlain Ultimate Boutique at Incheon Airport

South Korea's Shilla Duty Free Shop announced on Tuesday it opened the Guerlain Ultimate Boutique, the first flagship store in a global airport, at ...

Korean duty-free shops post Q3 losses; no signs of recovery

Korean duty-free shops post Q3 losses; no signs of recovery

The four major duty-free shop operators in South Korea on Thursday posted operating losses in the third quarter, marking the first quarter in almo...

Naver’s AI-powered search, online shopping services to go into full swing

Naver’s AI-powered search, online shopping services to go into full swing

South Korea’s Naver Corp. has been preparing for years to take its artificial intelligence-based services to the next level. The tech giant no...

Naver to lead hyper-personalized shopping trends with super app

Naver to lead hyper-personalized shopping trends with super app

Naver Corp., South Korea's largest internet portal, will launch an AI-driven shopping app in the first half of 2025 to boost its lackluster e-commer...

Lotte Mart to launch grocery shopping app

Lotte Mart to launch grocery shopping app

South Korea's Lotte Mart and Lotte Super will introduce a grocery-focused app, Lotte Mart Zeta, in the first half of next year to expand its digital...

HYBE Q3 profit down; foresees better 2025 after BTS’ military discharges

HYBE Q3 profit down; foresees better 2025 after BTS’ military discharges

HYBE Co., the K-pop behemoth behind BTS, suffered a double-digit profit fall in the third quarter amid an ongoing feud with Min Hee-jin, the creativ...

11Street to host grand shopping festival in November

11Street to host grand shopping festival in November

South Korea’s e-commerce platform 11Street Co. will hold its annual Grand 11 shopping festival from November 1 to 11. Since 2008, the company...

Korean food makers set sights on Europe with vegan, sugar-free offerings

Korean food makers set sights on Europe with vegan, sugar-free offerings

PARIS – South Korean food companies such as Pulmuone Corp., Lotte Wellfood Co., Ottogi Corp. and Maeil Dairies Co. are gearing up for their ex...

Lotte Duty Free renews Tokyo Ginza Store

Lotte Duty Free renews Tokyo Ginza Store

South Korea's Lotte Duty Free reopened its Tokyo Ginza Store in Tokyu Plaza Ginza on Wednesday after a complete renovation. This is the company's ...

South Korea to designate Jeju as flying taxi pilot service zone

South Korea to designate Jeju as flying taxi pilot service zone

South Korea will designate its resort island Jeju a test operation zone for flying taxis as part of the country’s national urban air mobility ...

Global Sae-A completes spinning mill in Costa Rica

Global Sae-A completes spinning mill in Costa Rica

South Korea's Global Sae-A Group said on Monday it had inaugurated a third spinning factory for its yarn-producing subsidiary, Sae-A Spinning, in ...

Lotte Shopping to set up Singapore holding firm, eyes its IPO

Lotte Shopping to set up Singapore holding firm, eyes its IPO

Lotte Shopping Co., South Korea’s leading retail company, will transform its special purpose company (SPC) in Singapore into a holding firm to...

Hanwha Securities buys 5.4% stake in Edinburgh Airport

Hanwha Securities buys 5.4% stake in Edinburgh Airport

Hanwha Investment & Securities said on Monday that it acquired a stake in Edinburgh Airport in Scotland.Edinburgh Airport is jointly owned by Gl...

CJ Group explores Saudi Arabia's entertainment potential

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...

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 S.Korea’s most prominent business leader returns with all charges cleared