CJ Group’s Tous Les Jours bakery operates a booth at the 2024 CJ Cup Byron Nelson, which kicks off Thursday in Dallas. Having previously hosted its own PGA Tour event since 2017, CJ CheilJedang took over title sponsorship for the Texas-based tournament from AT&T last year. (CJ CheilJedang)

Korean defense firm Hyundai Rotem said Thursday that it has been chosen as the preferred bidder for a Peru military project for wheeled armored vehicles. The company will deliver 30 units of its K808 White Tiger wheeled armored vehicle to Peruvian military authorities in the first batch, valued at approximately $60 million. This deal was facilitated by Korean trading company STX. This deal signifies not only the first export of Hyundai Rotem’s wheeled armored vehicles, but also the first t

Key supplier for Nvidia dismisses oversupply concerns, citing order-driven production

In commemoration of the 50th anniversary of Kim Whan-ki’s death, LG Electronics’ latest OLED evo TV will showcase his masterpieces reborn as media art in New York. The high-end TV serves as a digital canvas, upgrading the original quality of Kim’s works with artificial intelligence. (LG Electronics)

Kia unveiled teaser images of the new EV6 on Thursday. The Korean automaker said the headlamps feature the brand's new "Star-map Signature Lighting" to give more dynamic and futuristic vibes. The new EV6 will be the first product enhancement model of Hyundai Motor Group's first electric vehicle developed on its EV-dedicated platform E-GMP. The existing EV6 was launched in August 2021. Detailed specs of the new EV6 will be released later this month. (Hyundai Motor Group)

Hana Financial Group Chairman Ham Young-joo (right) and Inha University President Cho Myeong-woo pose for a photo after signing a partnership agreement at the university in Incheon on Tuesday. This partnership supports youth entrepreneurship through the "Hana Social Venture University" outreach program by the financial group aimed at assisting and nurturing young students who aspire to start their own businesses. Now in its third year, the program has engaged 30 colleges nationwide, of

KB Financial Group Chairman Yang Jong-hee (front row, fourth from left), KB Kookmin Bank CEO Lee Jae-keun (second row, second from left), KB Securities co-CEOs Kim Seong-hyun (front row; seventh from left) and Lee Hong-ku (second row; fifth from left), along with actress Lee Young-ae (front row; third from left), pose for a photo during the inauguration ceremony for the second branch of "KB Gold&Wise the First," KB’s premium banking and asset management brand, in Banpo, south

LG Uplus, one of the nation's top telecom carriers, said Wednesday it plans to build a large-scale data center in response to the growing demand for such facilities, largely driven by the widespread adoption of artificial intelligence and cloud servers across industries. To build the new data center, the company is set to acquire land and buildings located in Paju, Gyeonggi Province, from LG Display, a panel manufacturing arm of LG Group. The exact investment amount and construction timelin

Retail giant bets big on ‘recession-proof’ high-end wines

After successful launches in US, Asia, Korean car wash specialist now looks to Middle East

GS Group Chairman Huh Tae-soo has reiterated the significance of digital transformation as the Korean energy, retail and construction conglomerate continues to seek out business innovation opportunities. According to GS Group on Wednesday, Huh and several CEOs of the conglomerate’s major affiliates such as GS Retail, GS Energy, GS Caltex and GS Engineering & Construction, held an annual overseas CEO meeting in Seattle from Monday to Tuesday and visited Microsoft's headquarters a

Marking 140th year, business group hosts networking dinner for foreign envoys, multinational companies

Yoon Yoon-soo, chairman of the Fila Holdings Corp. and Acushnet Holdings Corp., has been named this year's winner of the General James A. Van Fleet Award in recognition of his contributions to Korean-US relations, according to the Korea Society on Wednesday. The Korea Society highlighted Yoon's involvement in founding and advising the Korea-US Alliance Foundation and the Korea Defense Veterans Association in 2017, both of which honor the bravery and sacrifice of Korean War veterans, as

Creditors of Taeyoung Engineering & Construction on Tuesday approved a massive capital reduction plan designed to support the builder currently undergoing a debt restructuring program. More than 75 percent of the builder's creditors agreed to the plan to reduce major shareholders' stakes at a 100-to-1 ratio without compensation. The plan, proposed by Taeyoung's main creditor, Korea Development Bank, earlier this month, also seeks to raise some 700 billion won ($507 million) th

Blockchain platform operators under Korean tech giants Line and Kakao are to complete integration under the new brand name "kaia" in June, the entities announced Tuesday. Project Dragon, created through a merge of Kakao's blockchain platform Klaytn Foundation and Finschia Foundation under Naver's affiliate Line Tech Plus, said it plans to complete the integration of the respective blockchain ecosystems in June, following a merger announced in February. “Such a merger of