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...
Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet
South Korea’s Hyundai Glovis Co. is poised to become the world’s first shipping company to deploy artificial intelligence-based autonomo...
F&F’s bid for TaylorMade complicates Centroid's exit
South Korean fashion retailer F&F Co., the largest strategic investor in TaylorMade Golf Co., has announced a bid for the golf equipment and app...
Loss-making Lotte Chemical to sell water treatment unit to Synopex
Lotte Chemical Corp., South Korea’s second-largest petrochemical company grappling with mounting losses amid a prolonged industry downturn, wi...
LG Chem closes $1 bn water filter division sale to Glenwood PE
LG Chem Ltd. said on Friday it has finalized the sale of its water filter business to Seoul-based Glenwood Private Equity for 1.4 trillion won ($1 b...
In China’s waterway city Hangzhou, K-beauty redefines ‘shuiguang'
HANGZHOU – The capital of China’s Zhejiang province, Hangzhou, is the southern terminus of the ancient Grand Canal waterway, which origi...
LG Chem to sell water filter business to Glenwood PE for $692 million
South Korea’s LG Chem Ltd. has agreed to sell its water filter business – the world’s second-largest producer of reverse osmosis m...
LF to open Korea’s 1st standalone fashion outlet in India
LF Corp., a leading South Korean clothing company, will foray into India with its flagship brand Hazzys to build its presence in the rapidly growing...
JLK gets OK from FDA for ICH diagnosis solution
South Korea’s JLK Inc., an AI-based diagnosis solution and platform maker, said on Monday it got 501K approval from the US Food and Drug Admin...
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...
S.Korea to ease rules for employment permit system
The South Korean government plans to revamp its employment authorization system to allow foreign workers to stay in the country longer. Foreign...
SM's UK K-pop group Dear Alice to debut with Gamma
South Korea's SM Entertainment Co. partnered with the US-based music label "Gamma." to globally debut its first British K-Pop boy group Dear Alice.A...
HiteJinro sees annual soju exports to Cambodia grow 31%
HiteJinro Co., South Korea’s leading soju maker, resumed its Jinro EDM Festival at Cambodia’s Bon Om Tuk water festival after a four-y...
Former ADOR CEO Min unfollows NewJeans' SNS
Min Hee-jin, the former CEO of ADOR, HYBE Co. 's label behind the K-pop girl group NewJeans, announced her resignation as the label's internal direc...
LG Chem opens Europe Innovation Center in Germany
South Korea's LG Chem Ltd., the world’s fourth-largest chemicals manufacturer, said on Sunday the opening of its Europe Innovation Center in F...
Hyundai Glovis introduces EV drill lance on car carriers
South Korea's Hyundai Glovis Co. said on Thursday that it will introduce a special fire suppression tool, the EV (Electric Vehicle) - Drill Lance, f...
Kia unveils car accessory made from ocean plastic waste
Kia Corp., South Korea’s second-largest automaker, said on Tuesday it introduced a trunk liner (mat) for the EV3, made from ocean plastic wast...
Lotte Hotels & Resorts to upcycle used PET bottles
South Korea's Lotte Hotels & Resorts said on Friday that it will collaborate with Lotte Chilsung Beverage and Lotte Chemical Corp. to establish ...
Naver Labs tops in spatial intelligence tech at ECCV
Naver Labs' spatial intelligence technology was recognized as superior to that of Google, Apple, and Meta at the world's leading computer vision con...
Sambark LFT rebranded as Lotte Engineering Plastics
Sambark LFT Co., a plastic materials producing unit of Lotte Chemical Corp., has changed its name to Lotte Engineering Plastics Co., the company sai...
Hyundai Motor Group to develop tech to cut Chinese precursor imports
Hyundai Motor Group, the world’s third-largest carmaker, has started developing electric vehicle battery technology to cut costs and reduce th...
Hudson AI dreams of a world without language barriers
South Korean startup Hudson AI is striving to break language barriers with its artificial intelligence-powered voice dubbing technology, enabling gl...
S.Korean travel retailers face downturn without Chinese big spenders
Before COVID-19 swept the world, South Korea’s top two travel retailers Lotte Duty Free and Shilla Duty Free Shop ascended to the world’...
Lotte to open shops within Singapore NTUC FairPrice outlets
Lotte Mart and Lotte Super will launch stores within the outlets of NTUC FairPrice, Singapore’s largest supermarket chain, to sell food produc...
BC Card, Uzbekistan to connect payment network
South Korea's BC Card said on Monday that it signed a contract with Uzbekistan's state-run payment operator National Interbank Processing Center (NI...
Samhwa Paint launches anti-rust product Knok-Stop
South Korea's Samhwa Paint Industrial said on Wednesday that it has introduced a new water-based primer, Knok-Stop, designed to convert rust on meta...
EV firefighting startup Lee Mobility gets seed round
South Korean startup Lee Mobility announced on Tuesday that it got a seed round investment from Bluepoint Partners, a domestic early-stage venture c...
GS E&C in talks to sell entire stake in GS Elevator to Chinese firm
South Korea’s GS Engineering & Construction Corp. (GS E&C) is in talks to sell its entire stake in GS Elevator Co. to a Chinese strate...
Hanyang Securities stake draws bids without sale manager
Hanyang Securities Co. has received preliminary bids from four to five South Korean companies or consortia for its 11.3% stake after its controlling...
Hyundai Motor forms EV Charging Alliance in Indonesia
Hyundai Motor Co. announced on Monday that it established the Hyundai EV Charging Alliance with six local private charging operators at the Gaikindo...
