Korean food giant has become unrivaled leader in US with Korean-style tofu with flavorful twists

SK Networks said Thursday it has committed a total of $22 million in both direct and indirect investments to secure a 2.6 percent stake in the recent Series C funding round held for Humane, an AI startup founded by ex-Apple employees through the company’s investment subsidiary Hico Capital. This bold investment decision, which SK Networks has disclosed to its stakeholders following the end of the Series C funding round, rides along the tides of the growing industry-wide interest in AI tech

Samsung Electronics has hired veteran engineer Lin Jun-cheng, who previously worked at the tech giant’s foundry rival, Taiwan-based TSMC, according to local reports on Thursday. Lin was recently appointed as senior vice president of the advanced packaging team under Samsung’s chip business division, Device Solutions. His key responsibility is expected to be overseeing the development of cutting-edge packaging technology, which plays a key role in enhancing advanced higher-performance

Auto giant pledges 1.85 million vehicles in 2023, almost 15% jump from pre-pandemic level

While remaining mum over heated rivalry with LG, Samsung offers new OLED TVs at slightly cheaper prices

South Korean beauty giant Amorepacific's luxury skin care subsidiary Sulwhasoo said Thursday it signed a partnership with the Metropolitan Museum of Art in a bid to conduct various collaborative works with the New York-based art museum, including the preservation of Korean cultural artifacts. Sulwhasoo, which has been promoting traditional Korean art and craftsmen through its exhibition series, will be working with the Met for a year starting this March. Throughout the year, Sulwhasoo will

Global eco-investment chief of SK Ecoplant keen on tapping deeper into burgeoning battery recycling market in US

South Korea ranked second to last in terms of the percent of women in management positions among 36 countries in the Organisation for Economic Co-operation and Development (OECD), according to OECD statistics released Wednesday. The OECD said Korea has reported steady progress in elevating women leaders but still has a long way to go. The percentage of female managers in Korea was 16.3 percent as of 2021, less than half the OECD average of 33.7 percent. Japan with 13.2 percent was the only count

Finance Minister Choo Kyung-ho on Wednesday pledged to continue efforts to eliminate regulations that do not fit global standards. “The Korean government will work on removing hurdles that hinder US business operators from establishing Korea as a regional headquarters in the Asia-Pacific region,” Choo said at a special luncheon event held at the Grand InterContinental Seoul Parnas Hotel on Wednesday. “To turn Korea into a No. 1 foreign investment destination, we will strive to

March 8, International Women's Day, has been a day to rally in support of gender equality and promote inclusivity across all areas globally. British American Tobacco, the cigarette giant, is one of the leading players in advocating the theme, “Embrace Equity,” in multiple areas of its workplace. BAT, which operates regional offices worldwide, including one in South Korea under the name, BAT Rothmans, says female leaders are at the forefront of the company’s vision for incl

Celebrating 10th year of OLED business, world No. 1 OLED TV maker boats confidence on heated competition

CEO offers upbeat outlook for this year, pledges to continue sales momentum with diversified product lineup

SK Plasma, a blood products unit of SK Discovery, announced Wednesday that the company has clinched a deal to build a blood products plant in Indonesia, which is expected to be worth around $250 million. SK Plasma has received final approval from the Indonesian Health Ministry for construction of a plasma fractionation facility, which will produce products like immune globulin and albumin, used for patients with immunodeficiency diseases and hemophilia. The plant will be capable of producing 1 m

Celebrating International Women’s Day this week, Samsung Electronics’ top brass will hold luncheon talks with female executives to discuss woman’s leadership in the workplace, the tech giant said Wednesday. Its Co-CEOs Han Jong-hee, the mobile device and home appliance business chief, and Kyung Kye-hyun, who handles the semiconductor business division, will attend the event dubbed “One Table,” slated for Friday. The leaders are expected to discuss ways to improve ge

CEO renews commitment to Korea, Bentley’s biggest market in Asia-Pacific