South Korean companies have discussed various potential business deals with a combined value of up to US$100 million with Vietnamese counterparts during an export event in Hanoi on Thursday, the industry ministry said. The South Korea-Vietnam partnership fair took place on the margins of South Korean President Yoon Suk Yeol's three-day state visit to the Southeast Asian nation. Around 100 South Korean firms discussed potential business ties with 200 Vietnamese companies in a wide array of s

Sambu Construction Co.on Thursday announced that it will sell stock to raise 25 billion won ($19.3 million). The proceeds from the stock offering will be used primarily to finance its operations. According to a regulatory filing, the company will issue some 7.75 million common shares at a price of 3,225 won per share. The stock will be sold to the investors that the firm designated. (Yonhap)

Kim Dong-sun, head of strategic management at Hanwha Galleria, speaks during a press conference held at the first Five Guys restaurant to open in South Korea in Gangnam-gu, southern Seoul, Thursday. With the first store becoming fully operational from Monday, operator FG Korea said it aims to open at least 14 more Five Guys locations by 2028. (Yonhap)

KB Financial Group is hosting a networking event in Korea from Monday to Friday this week with 106 selected employees from overseas. The employees are from the group's five subsidiaries -- KB Bank, KB Securities, KB Insurance, KB Kookmin Card, and KB Capital -- based in 14 different countries. The invited employees are participating in programs including town hall meetings with the chairman, special meetings organized by each subsidiary and Korean cultural experience programs. In partic

South Korea’s leading massage chair maker Bodyfriend on Thursday launched a new massage chair, called Davinci, which analyzes users’ body composition and offers more customized massage options. “It has been widely accepted that massage chairs are mostly used by older generations. But the newly launched massage chair featuring bioelectrical impedance analysis is expected to appeal to younger generations,” Bodyfriend Chief Marketing Officer Song Seung-ho said during the lau

SK Telecom said Thursday it offered a glimpse into South Korea's urban air mobility technology and the future of mobility at the official reception for the 2030 World Expo in Paris to show its support for Busan's expo bid. Some 400 people, including delegations from the member countries of the Bureau International des Expositions, as well as diplomats, visited the site and showed interest in the advanced technology and its future developments.

Stuart Norris, design vice president of GM International, touts team Korea’s ability to understand global trends, market direction

Top chaebol chiefs join state visit, as new deals signed with Korea’s third-largest trading partner

Collaboration on energy, future mobility, health care top agenda at presidential meeting

SK Group said Thursday it will honor two late US veterans who fought in the 1950-53 Korean War with a memorial stone, in commemoration of the 70th anniversary of the South Korea-US alliance this year. SK and the Korea-US Alliance Foundation joined hands to establish the memorial stone to honor the late Col. William E. Weber and the late Maj. Gen. John Kirk Singlaub. The conglomerate, Korea's second-largest by revenue, will subsidize the cost of creating the monument, with the foundation tak

Innocean Worldwide, the marketing and communications agency affiliated with Hyundai Motor Group, said Thursday that its Spanish subsidiary has recently topped a client satisfaction ranking conducted by Spain’s biggest consulting and marketing research firm Scopen. Some 1,600 local marketers participated in Scopen’s latest survey, evaluating agencies with more than five advertisers based on criteria such as creative and strategic planning skills, price competitiveness and digital capa

Hyundai Motor Company has joined hands with Japanese lifestyle content company Culture Convention Club (CCC) to expand its presence in the Japanese market by offering future mobility services such as zero-emission vehicles. According to the Korean automaker, the two sides will also cooperate in setting up a global experience-based platform and in conducting data-based marketing activities. In this photo, Hyundai Motor Company CEO Chang Jae-hoon (left) and CCC CEO Yasunori Takahashi pose for a ph

South Korean supplier relationship management vendor Emro said Thursday it is making a foray into the global market by developing an integrated supply chain management platform in collaboration with Samsung SDS and US-based planning platform provider o9 Solutions. Amid the escalating trade rivalry between the US and China, the prolonged Russia-Ukraine war and a worldwide economic slowdown, managing one's global supply chain more effectively has become a key focus in corporate management, le

An international consortium led by South Korea's top steel maker Posco Holdings Inc. has won a project to develop and build a large-scale green hydrogen plant in Oman, Posco Holdings said Thursday. The deal, signed between the consortium and Hydrogen Oman in the Omani capital of Muscat a day earlier, calls for building a green hydrogen plant with an annual capacity of 220,000 tons in Duqm, some 450 kilometers southwest of the Omani capital. The six-company consortium will construct a 5-giga

Renault Korea Motors, the South Korean unit of Renault S.A., said Thursday it is in talks with the South Korean government to manufacture electric vehicles at its sole Busan plant amid carmakers' accelerating electrification push. Busan Mayor Park Heong-joon met with Renault Executive Vice President Guido Haak in Paris on Tuesday during his visit to France to help promote Busan's bid to host the World Expo 2030. In the meeting, Haak said the French carmaker is planning to invest in the