Former US ambassador to S. Korea, now Hyundai Motor adviser, recognized for decadeslong diplomatic service in Asia

The family of Nexon's late founder, Kim Jung-ju, has sold a significant portion of their shares in the company's holding firm, NXC, to help cover the hefty inheritance taxes following his death. On Monday, NXC announced it had bought back shares from Kim’s widow, Yoo Jeong-hyun, who chairs NXC’s board, and their two children. The family sold a total of 125,288 shares -- 649.9 billion won worth (approximately $488 million). Additionally, NXC purchased 3,122 shares in Wisekid

South Korean cosmetic giant Amorepacific announced Tuesday that its high-end beauty brand Hera has entered the Thai market. Hera opened its first store in Central Chidlom, a stylish 7-story department store in Bangkok, earlier this month. Over 200 guests, including media representatives and influencers, were invited to celebrate the debut at an event that also introduced the brand’s signature makeup and beauty routines. Alongside the store opening, Hera hosted a pop-up event at Central Chi

Daewoo Engineering & Construction and its labor union have joined hands in the effort to create positive, amicable workplace culture for all workers and break through market challenges together. According to the South Korean builder on Tuesday, the management and union reached an agreement earlier this month to reform the company's personnel management systems. The plan includes simplifying the ranking system and upgrading personnel evaluation and wage schemes. They also completed this

Dean Park to bolster global B2B conglomerate’s presence in local market

South Korean biopharmaceutical firm Celltrion Pharm unveiled Monday a new vision to become one of South Korea’s top five pharmaceutical companies by 2023. Under Vision 2030, Celltrion Pharm said the company aims to make a quantum leap by enhancing its core business strengths and implementing differentiated growth strategies across its manufacturing, research and sales divisions. Celltrion plans to boost production at its Cheongju plant, which holds Good Manufacturing Practice certification

Hyundai Motor Group’s software unit secures W200b orders with Angola, Mozambique

Korean firm to keep investing in expanding portfolio, bolstering intellectual property

Korean game firm’s US, Japan and Taiwan footholds to have new CEOs

South Korean food giant CJ CheilJedang said Monday that its Bibigo booth, set up at the Korea House during the Paris Olympics, lured both Korean food enthusiasts and potential business partners during the 18-day run. The Bibigo products showcased at the booth included a range of Korean dishes and snacks, such as tteokbokki, "jumukbap" (stuffed rice balls), corn dogs, and mandu. The company also offered on-site cooking classes for making "gimbap," or seaweed rice rolls, which

South Korean food giant Ottogi said Friday it will change its English name to Otoki to make the brand more recognizable to international consumers. "We decided to pursue this rebranding to clarify the company's identity for global consumers while introducing a modernized symbol that feels more approachable. This will resolve confusion surrounding the pronunciation of our English name," said a company official. As a part of the rebranding initiative, its mascot received a face-lift

Nexon has set a new record for second-quarter revenue and operating profits, driven by the exceptional performance of Dungeon & Fighter Mobile in China, which launched in May earlier this year. In its latest filing to the Tokyo Stock Exchange on Thursday, Nexon reported a 64 percent year-over-year increase in operating profit, reaching 45.2 billion yen ($310.2 million) for the second quarter of this year. Revenue for the quarter surged 30 percent to 122.5 billion yen, and net income rose 63

SK Earthon, an exploration unit under SK Innovation, announced on Thursday that it secured the right to explore carbon dioxide reservoirs off the northern coast of Australia, looking to bolster its resource development and carbon capture and storage, or CCS, businesses. According to SK Earthon, the Korean oil and gas exploration company and Australian CCS firms -- InCapture and CarbonCQ -- won the exploration rights for the mining sector named G-15-AP located in the Carnarvon Basin from the Aust

Posco Future M CEO Yoo Byung-og (left) hands out refreshing drinks to employees Wednesday during his visit to the company's synthetic graphite anode material plant in Pohang, North Gyeonsang Province, where temperatures reached 33 degrees Celsius. He also joined fun activities like darts and a lucky draw, with winners taking home travel and ice cream vouchers. This initiative is part of a company-wide effort for management to visit sites in Gwangyang, Sejong, Seoul, and Gumi, continuing u

Korea Ginseng Corp., the leading manufacturer of ginseng products in the country, said Tuesday it has signed agreements with Japanese retail giants Welcia and Aeon Mall to introduce its red ginseng brand, JungKwanJang, in their stores. This initiative aims to enhance the presence of JungKwanJang in the Japanese market by entering the largest drugstore chain and the leading comprehensive shopping mall company, the firm said. Welcia is the largest drugstore chain in Japan, boasting over 2,000 offl