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...

NPS, Scape acquire Aussie senior living operator Aveo from Brookfield

NPS, Scape acquire Aussie senior living operator Aveo from Brookfield

South Korea’s state-run pension fund, the National Pension Service (NPS), has partnered with Australia’s student housing specialist Scap...

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

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...

Genesis targets broader European presence with EV trio

Genesis targets broader European presence with EV trio

Genesis, Hyundai Motor Co.'s premium brand, is expanding its European footprint to four additional countries –France, Spain, Italy and the Net...

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...

Coupang bids for Korean luxury market dominance with Farfetch

Coupang bids for Korean luxury market dominance with Farfetch

Coupang Inc., South Korea’s largest e-commerce player, is set to seize control of the country’s online luxury market with Farfetch amid ...

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...

POBA bullish on REITs, real estate debts and senior housing

POBA bullish on REITs, real estate debts and senior housing

South Korea’s Public Officials Benefit Association (POBA) is betting big on real estate investment trusts (REITs) and senior housing in the US...

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...

Hermès, Louis Vuitton, Chanel: Winners in S.Korea’s luxury market

Hermès, Louis Vuitton, Chanel: Winners in S.Korea’s luxury market

South Korea’s luxury goods market is becoming increasingly polarized, with ultra-high-end brands such as Hermès, Louis Vuitton and Chan...

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 ...

Luxury fashion platform Balaan files for court receivership amid slump

Luxury fashion platform Balaan files for court receivership amid slump

South Korea’s top luxury goods e-commerce platform Balaan Co. said on Monday it has filed for corporate rehabilitation with a Seoul court as t...

Koreans’ craving for luxury goods fades

Koreans’ craving for luxury goods fades

Until recently, it was not unusual to see people waiting in a long line in front of foreign haute couture brands’ stores early in the morning ...

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...

Korea’s beauty wholesaler to invest $10 mn in fashion platform Balaan

Korea’s beauty wholesaler to invest $10 mn in fashion platform Balaan

South Korea’s cosmetics wholesaler Silicon2 Co. is set to invest $10 million in financially troubled luxury fashion e-commerce platform operat...

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...

S.Korea's dawn delivery pioneer Kurly sells luxury goods to uplift profit

S.Korea's dawn delivery pioneer Kurly sells luxury goods to uplift profit

Kurly Inc., South Korea's dawn delivery service market pioneer, has invited a third-party online retailer to sell luxury goods on its platform to bo...

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...

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 ...

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...

Hana Financial’s Hana The Next: New financial services tailored for seniors

Hana Financial’s Hana The Next: New financial services tailored for seniors

As South Korea’s baby boomers, the demographic cohort born between 1955 and 1963, are reaching retirement age, financial institutions are reac...

S.Korea’s premium kimchi war escalated by luxury hotels

S.Korea’s premium kimchi war escalated by luxury hotels

Kimchi, Koreans’ staple food throughout millennia, has become a new, lucrative revenue source for the country’s luxury hotel chain opera...

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...

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