Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates

Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates

Once an afterthought in the global food trade, South Korea’s signature spices and sauces, ranging from fiery gochujang to fermented doenjang, ...

K-Beauty defies seasonal slump with record $980 mn in April exports

K-Beauty defies seasonal slump with record $980 mn in April exports

The global appetite for Korean beauty products shows no sign of slowing, with their exports in April surging 20% year on year to a record high, ev...

Samsung mobile chief fills leadership void in device division

Samsung mobile chief fills leadership void in device division

Samsung Electronics Co. has appointed TM Roh, president and head of its mobile eXperience (MX) business, as the new chief of its device eXperience (...

SK Hynix’s HBM exports plummet, now susceptible to seasonal demand

SK Hynix’s HBM exports plummet, now susceptible to seasonal demand

Exports of SK Hynix Inc.'s multi-chip packages (MCP), including high-bandwidth memory (HBM) AI chips, are rapidly dropping as the South Korean chipm...

Kia reveals teaser images of The New Sportage

Kia reveals teaser images of The New Sportage

South Korea's Kia Corp. unveiled the teaser images and videos of The New Sportage, the facelift model of Kia's flagship compact sport utility vehicl...

Junior bankers choosing track records over name value

 Junior bankers choosing track records over name value

A number of junior bankers at the Korean offices of major global investment banks such as Morgan Stanely and J.P.Morgan have resigned since July wit...

Hasty overseas expansion hurts Korean entertainment sector

Hasty overseas expansion hurts Korean entertainment sector

South Korea’s entertainment and content industries suffered from hasty expansions with investments of billions of dollars in the global market...

LG to use AI for early detection of air conditioner anomalies

LG to use AI for early detection of air conditioner anomalies

LG Electronics Inc. has introduced an artificial intelligence technology for early detection of anomalies in its commercial air conditioning systems...

Hankook Tire unveils all-season tire Kinergy XP in N.America

Hankook Tire unveils all-season tire Kinergy XP in N.America

South Korea's Hankook Tire & Technology announced on Wednesday that it will launch its all-season grand touring tire Kinergy XP in the North Ame...

Toho buys 25% stake in CJ ENM’s Fifth Season for $225 mn

Toho buys 25% stake in CJ ENM’s Fifth Season for $225 mn

Toho Co. has acquired a 25% stake in Fifth Season for $225 million, a move expected to be a win for not only the money-losing US-based producer-dist...

Korean tire makers post double-digit Q3 profit margins; outlook bright

Korean tire makers post double-digit Q3 profit margins; outlook bright

South Korea’s three leading tire makers posted their highest-ever quarterly profit margins in the third quarter, boosted by tire price hikes, ...

Overseas trips top pre-pandemic levels during Chuseok holiday

Overseas trips top pre-pandemic levels during Chuseok holiday

The number of South Koreans who spent this year’s six-day holiday of Chuseok abroad exceeded pre-pandemic levels, indicating a recovery in the...

Korean Air’s operating profit falls to $360 mn in Q2 2023

Korean Air’s operating profit falls to $360 mn in Q2 2023

Korean Air Lines Co.’s operating profit in the second quarter fell over 30% from the same period last year in line with market consensus.Consi...

Korean Air resumes flights from Busan to Japan after three-year suspension

Korean Air resumes flights from Busan to Japan after three-year suspension

Korean Air Lines Co., the largest airline and flag carrier of South Korea, said on Tuesday that it would resume its operations on the Busan-Fukuoka ...

Kia scouts ex-Stellantis executive Pierre-Martin Bos as PBV director

Kia scouts ex-Stellantis executive Pierre-Martin Bos as PBV director

Kia Corp. has brought a former Stellantis N.V.’s commercial vehicle specialist on board for its purpose-built vehicle (PBV) business in Europe...

Starbuck’s seasonal giveaways still popular in S.Korea

Starbuck’s seasonal giveaways still popular in S.Korea

Starbucks Korea announced on Sunday that the amount of application access increased by 50% on average compared to the previous day on last Thursday,...

Samyang Foods aims to grow Buldak sauce into $75 mn brand

Samyang Foods aims to grow Buldak sauce into $75 mn brand

South Korea's Samyang Foods Co. announced on Monday that it will strengthen its sauce business centered around its popular Buldak (hot chicken flavo...

Korea’s shaved ice dessert bingsu price up 30% on-year on inflation

 Korea’s shaved ice dessert bingsu price up 30% on-year on inflation

Inflation has hit almost every corner of the real economy in South Korea, and the country’s popular summer dessert bingsu is no exception, wit...

Interpark's airline ticket sales exceed $120 mn in March

Interpark's airline ticket sales exceed $120 mn in March

South Korea’s online retail platform Interpark Corp. has reported its airline ticket sales in March jumped 281% compared to the same period la...

LG H&H hosts Korean Royal Court Culture event with Four Seasons Seoul

LG H&H hosts Korean Royal Court Culture event with Four Seasons Seoul

South Korea's major consumer goods company LG H&H Co. announced on Thursday that its cosmetics brand, The History of Whoo, hosts an event called...

CJ Olive Young introduces Beauty Box filled with K-beauty products

CJ Olive Young introduces Beauty Box filled with K-beauty products

South Korea's health and beauty store chain operator CJ Olive Young Co. announced on Thursday that it will introduce its K-beauty curation service c...

Hyundai launches 2023 season of HMG Driving Experience Center

Hyundai launches 2023 season of HMG Driving Experience Center

Hyundai Motor Group announced the commencement of the 2023 season for its HMG Driving Experience Center, which is the largest of its kind in South K...

Gmarket reports rise of niche travelers in this year's first half

Gmarket reports rise of niche travelers in this year's first half

The full-scale resumption of overseas travel by people in South Korea has fueled the trend of "niche travelers" who travel abroad whenever they have...

Squid Game wins Emmy awards for best actor, director

Squid Game wins Emmy awards for best actor, director

LOS ANGELES, California -- Netflix mega-hit Squid Game star Lee Jung-jae and creator Hwang Dong-hyuk each bagged an Emmy trophy Monday night in Los ...

Korea suffers from foreign workers shortage in farming

Korea suffers from foreign workers shortage in farming

South Korea’s agricultural product prices are expected to increase this year as the agriculture industry is suffering chronic labor shortages....

GEPS taps Samsung Life's alternative investment head as CIO

GEPS taps Samsung Life's alternative investment head as CIO

Government Employees Pension Service (GEPS) of South Korea has named Baek Joo-hyun, former alternative investment head at Samsung Life Insurance Co....

KakaoBank, Krafton, other heavyweights set to sizzle in hot IPO season

KakaoBank, Krafton, other heavyweights set to sizzle in hot IPO season

South Korea’s initial public offering market is sizzling with KakaoBank Corp. and other big names set to go public in coming weeks amid expect...

‘Tis the season for fish

‘Tis the season for fish

Autumn is already upon us. The air is crisp and cool. The sun still brings warmth. The brilliant red, orange and yellow foliage creates an artistic ...

Korean credit cooperatives picks seasoned insurance asset manager as CIO

Korean credit cooperatives picks seasoned insurance asset manager as CIO

MG Korean Federation of Community Credit Cooperatives, which manages $50 billion of assets, named Sang-hun Kim, a former managing director and head of...

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