Luxury motorcycle brand sees 20% jump in Korean sales last year

Samsung Electronics said Friday its Bespoke Infinite built-in home appliance lineup has snatched a gold award at the International Forum Design Award 2023. This year, the tech giant has won a total of 80 awards -- a record figure -- at the German design competition. (Samsung Electronics)

South Korean food and bakery giant SPC Group said Friday it has joined hands with the city government of New York and the American Chamber of Commerce in Korea to boost the US city’s economy by expanding support for minority groups. A signing ceremony for the memorandum of understanding was held in New York on Wednesday, with Mayor Eric Adams, AmCham Chairman James Kim and Paris Baguette North America Chief Strategy Officer Hur Jin-soo in attendance. Under the agreement, SPC will run a six

Less than 1% of pets insured, due to systemic unpreparedness, lack of awareness

Top South Korean chaebol leaders are set to join President Yoon Suk Yeol on his state visit to the US later this month, according to industry sources on Friday. Yoon is set to embark on a state visit to the US for a summit with US President Joe Biden on April 26. Upon Yoon’s visit to the US, the Federation of Korean Industries, one of the nation’s major business lobby groups, plans to arrange a business delegation consisting of some 70 business leaders, including chiefs of the nati

Backed by umami-flavored Yondu and creative gochujang products, overseas sales make up more than 10% of total for Korea’s No. 1 sauce maker

Following a merger with Posco Energy, Posco International -- the general trading arm of Posco Group -- said Thursday that it is ready to reestablish itself as a company that will specialize in a slew of emerging business sectors, ranging from eco-friendly energy, steel to food. During a ceremony held in Songdo Convensia in Incheon, Posco International announced its goals to aggressively target emerging business sectors and significantly raise its market value. Specifically, Posco International s

China’s reopening could deepen inflationary pressures, with limited impact on boosting exports, KCCI warns

The Supreme Court on Thursday finalized a ruling in favor of the South Korean antitrust regulator’s record fine of 1.03 trillion won ($784 million) imposed on US chip giant Qualcomm Inc. for unfair business practices. The top court turned down the appeal by the San Diego-based firm and its two affiliates. Back in December 2016, the Fair Trade Commission slapped a fine on Qualcomm for abusing its dominant market position against smartphone makers. “Under the Fair Trade Act, we reaffir

KB Financial Group said Thursday that it has signed a memorandum of understanding with the nation’s two leading law firms, Sejong and Taepyeongyang, to offer upgraded legal consulting services to customers for its premium private banking and asset management brand KB Gold&Wise the First. The signing ceremony was held at KB Securities’ headquarters in Yeouido, western Seoul, on Wednesday, with top executives including KB Financial Group’s senior managing director in wealth m

LG Chem said Thursday it has entered into a joint development agreement with US renewable chemicals and biofuels company Gevo to commercialize biopropylene, a raw material for bioplastics, by 2026. Under the agreement, the two companies will develop bioprorylene using Gevo’s patented technologies. Gevo’s Ethanol-to-Olefins, or ETO, conversion technology facilitates the production of low-carbon ethanol to renewable olefins, which can replace traditional olefins – petroleum-based

Lee Bok-hyun, chief of the Financial Supervisory Service, on Thursday renewed his commitment to establishing a financial ecosystem that meets global standards. "The supervisory authorities have already decided to repeal the registration requirement for foreign investors and also are revamping the system to meet the demands of overseas financial institutions and investors, including establishing a dedicated system for screening foreign funds,” Lee said during the FSS Speaks conference

Legal battle between two Korean game giants sends warning to Lineage-like titles

Hyundai Motor Company on Thursday launched The All-New Kona Electric, a compact electric sports utility vehicle designed to suit the different lifestyles of various customers. Equipped with a 64.8 kilowatt-hour battery, the electric SUV can drive up to 417 kilometers per charge. According to the automaker, its starting price is set at 46.54 million won ($35,200), while the actual purchase cost is estimated to be in the low to mid 30 million won range after local and central government subsidies

Lotte Shopping Co. said Wednesday it will exhibit an installation from renowned Japanese architect Kengo Kuma at its high-end department store in southern Seoul starting this week. The artwork, titled SU:M, will be on display at Lotte AVENUEL, the retailer's luxury-brand department store, for the next five months starting Friday. Kuma is famous for projects using various natural materials, such as tree branches, stones and fabric, and harmonizing nature and architecture. He was the mastermi