From littering and shoplifting to outright vandalism, unattended spaces provoke unruly behavior among some customers

SK Biopharmaceuticals plans to increase its corporate value to $15 billion by 2026, largely buoyed by burgeoning sales of the company’s seizure treatment Xcopri, or cenobamate, said the company's CEO Lee Dong-hoon during a press conference in Seoul on Tuesday. Lee added that profits from Xcopri could be poured into mergers and acquisitions in the future, through which the company aims to diversify its product portfolio to include more biological medicines. According to SK Biopharmaceu

Collectivistic culture combined with pursuit of information leads to Koreans' heavy reliance on KakaoTalk

South Korea's fifth-largest conglomerate Lotte Group on Tuesday held its biannual meeting of top executives to review business performances and seek ways for sustainable growth amid increasing market volatility and uncertainty. Some 80 executives, including Chairman Shin Dong-bin and Lotte Corp. CEO Lee dong-woo, attended the meeting, which it refers to as its "Value Creating Meeting," held at the Lotte World Tower in Seoul. According to the holdings unit, the executives examined

Mirae Asset Global Investments revealed Tuesday that its exchange-traded fund business has surpassed $100 billion in assets under management. As of Tuesday, Mirae Asset manages a portfolio of 538 ETFs across various regions worldwide, spanning Korea, the US, Canada, Australia, and Japan. The total assets under management for these ETFs reached $100 billion, positioning Mirae Asset as the 13th-largest ETF provider globally in that measure. “Our global ETF franchise will serve as a strong fo

BC Card announced Tuesday that it has signed a memorandum of understanding with Uzbekistan’s state-run payment network operator National Interbank Processing Center to establish a payment network connecting the two countries. The signing event was held earlier in the day at the Central Bank of Uzbekistan in Tashkent, with BC Card CEO Choi Won-seok and NIPC Shukratbek Kurbanov CEO, in attendance. The latest deal marks the company’s third business expansion into Central Asian countri

Hyundai Motor Co., South Korea's biggest carmaker by sales, on Tuesday unveiled the design of the all-new Santa Fe SUV ahead of its planned world premiere in August. The fifth-generation Santa Fe is a full-change model from the fourth-generation one released in 2018. It comes with a maximized rear cargo capacity in line with the latest outdoor lifestyle trends, the company said in a statement. "The all-new Santa Fe is an SUV that finds a perfect balance between the city and the great o

Hyundai Motor on Tuesday unveiled the all-new Santa Fe, the South Korean automaker's signature midsized sports utility vehicle. The SUV's fifth-generation model underwent a full face-lift for the first time in five years. With the H-shaped headlamps featuring the carmaker's emblem, Hyundai said the vehicle is designed to fit both city and outdoor lifestyles. The automaker plans to disclose the SUV's specifications on Aug. 10.

Major business lobby submits proposal to government advocating increase of foreign workers

Daewoo Engineering & Construction announced Monday that the South Korean builder has signed a memorandum of understanding with ERBUD, Poland’s third-largest construction firm, to carry out new projects in the European country, including the construction of nuclear power plants. The partnership was inked Friday in Warsaw as representatives from Daewoo E&C accompanied President Yoon Suk Yeol on his trip to Europe as members of the presidential delegation. The new partnership came in

Hyundai Engineering & Construction said Monday that the company would join a postwar reconstruction project in Ukraine, signing an agreement with Boryspil International Airport Corporation for the airport's future expansion project. Boryspil International Airport is the largest airport in Ukraine. Located about 29 kilometers southeast of Kyiv, the airport is responsible for 62 percent of the country’s passenger traffic and 85 percent of its airborne cargo shipping. Under the agree

From top envoys to presidential aides, ranking officials joining Korean conglomerates to add weight to their global affairs teams at home and abroad

Concerns grow over further hikes in food prices

South Korean battery materials makers are expected to take up 75 percent of separator film production within North America and Europe by 2030, a report showed Monday. Of the Korean companies, SK IE Technology, an electronics materials maker affiliated with SK Group, is projected to control the largest market share of 33 percent with an annual production capacity of 380 million square meters of separators in the cited period, according to energy market tracker SNE Research. Battery separator fi

The state-run Korea Post said Monday that it plans to bolster cooperation with the Kahala Posts Group, an alliance of 11 postal operators, to enhance the quality of international mail services and joint market expansion. Korea Post Director General Kim Hong-jae presented the current status and performance of Korea’s international postal services and its goals while attending the Kahala Post Group's annual meeting in Paris, France, Thursday. KPG was launched in 2002 by six major postal