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What you need to know about Adani's US bribery indictment
Hyundai Motor’s Genesis US push challenged by Trump’s tariff hike: sources
Oasis confirms first Korean concert in 16 years
North Korean leader ‘convinced’ dialogue won’t change US hostility
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
Naver Webtoon promises creative freedom, responsible webtoon platform
Two jailed for forcing disabled teens into prostitution
Japan confirms vice-ministerial level figure attending Sado mine memorial
Daewoo E&C chair honored in India for boosting bilateral economic ties
South Korean military plans to launch new division for future warfare
[Today’s K-pop] Babymonster logs 100m views with ‘Drip’ music video
Dongduk Women’s University halts coeducation talks
SK chief underlines power of 'design thinking' amid global uncertainties
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
Hanjin inks partnership with DHL to boost logistics competitiveness
Hanwha Ocean drops police complaint against HD Hyundai in destroyer contract bid
OpenAI in talks with Samsung to power AI features, report says
Defense ministry denies special treatment for BTS’ V amid phone use allegations
AmCham seminar discusses US-Korea trade outlook for Trump’s 2nd term
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Baemin introduces first outdoor delivery robot in apartment complex
Aug 18, 2020
Baemin, or Baedal Minjok, the country’s No. 1 delivery app by market share, said Tuesday that it has started operating the country’s first outdoor delivery robot, which delivers food from a restaurant to an apartment building. According to Woowa Brothers, the delivery app operator, it is now using five Dilly Drives, its outdoor autonomous delivery robot, at Alleyway Gwanggyo, a residential and commercial complex located in Gwanggyo, Gyeonggi Province. Residents of the 1,100 hous
Delivery workers on ‘refresh holiday’ for first time in 28 years
Aug 14, 2020
Delivery workers at major logistics firms took a day off Friday, for the first time in 28 years since the introduction of a delivery system in the country. The companies have designated Aug. 14 as “Delivery worker’s refresh day,” amid surging workload in the wake of COVID-19 pandemic. CJ Logistics, Hanjin, Lotte and Logen -- four major logistics companies here -- decided last month to give their delivery staff a day off, after they accepted the demand of two labor unions of
Starbucks Korea donates W200m to commemorate independence patriots
Aug 13, 2020
Starbucks Korea said Thursday it has donated 200 million won ($168,900) to support preservation of independence cultural heritage and provide scholarships to the descendants of independence patriots. As Saturday marks the country’s National Liberation Day, the coffee chain said it held a ceremony Thursday to deliver 100 million won to Cultural Heritage Administration and the National Trust for Cultural Heritage. The funds will be used to purchase and preserve cultural heritage artifact
McDonald’s Korea, Uniqlo support flood recovery efforts
Aug 12, 2020
Foreign brands operating in South Korea are lending a helping hand to recovery efforts during the record-breaking monsoon season. McDonald’s Korea said Wednesday it will donate burgers and drinks for 5,000 volunteers and soldiers who are working to combat the flood damage in provinces hit hardest by the heavy downpours. The burger chain will distribute Big Mac burgers and drinks for those helping recovery efforts in seven regions including Cheorwon and Chuncheon in Gangwon Province, Ch
[Eye on Business] How Cleanwrap became a household name
Aug 10, 2020
South Korea’s No. 1 food wrapping company expands presence globally
Prolonged rainfall leads vegetable prices to spike, ice cream sales to drop
Aug 9, 2020
Retail prices of leafy vegetables would rise further this week due to damaged farms, difficulty in delivery as heavy downpours continue
Dongwon F&B launches Beyond Meat in E-mart ‘Vegan Zones’
Aug 6, 2020
Dongwon F&B, the South Korean distributor of the US plant-based meat alternative Beyond Meat, said Thursday that it has launched the product at E-mart, the country’s largest supermarket chain by revenue. The company signed an exclusive contract in 2018 to import Beyond Meat from the US to Korea. After launching the flagship Beyond Burger in March 2019, it sold about 82,000 patties here last year, Dongwon F&B said. The company said it is offering Beyond Burger at the 21 E-mart
Amorepacific begins sales of flagship cosmetics brands on Amazon
Aug 5, 2020
Amorepacific, a South Korean cosmetics giant, said Wednesday it launched two of its flagship brands, Amorepacific and Mamonde in US Amazon, as part of its efforts to expand presence in the US. ”It is an honor to present Amorepacific’s flagship brands to customers of the US Amazon,” an Amorepacific Group official said. “As online shopping is growing globally, we will continue for sturdy growth in the digital sector with Amorepacific and Mamonde.” Amorepacific s
Non-contact travel trend boosts sales of camping, outdoor gear
Aug 3, 2020
The new coronavirus outbreak has given a big boost to domestic travel here amid disrupted air travel. But for some vacationers, visiting tourist attractions or using lodging facilities could still be the last thing they want to do. Against this backdrop, a new non-contact travel trend has gained traction in South Korea as more people are turning their eyes to outdoor camping and "chabak," a newly coined word that means sleeping and staying in a car during travel. A 31-year-old offic
Lotte kin shoulder at least W450b in tax for late chairman's inherited assets
Jul 31, 2020
Lotte Group Chairman Shin Dong-bin and his siblings may have to pay at least 450 billion won ($378 million) in tax in South Korea for their late father's inherited assets, but their tax payment may swell when assets in Japan are counted. Lotte Group founder Shin Kyuk-ho died of a chronic illness at age 99 in January, survived by Dong-bin and three other adult children. Details about changes in their stakeholdings inherited from the late chairman were revealed Friday, the deadline for them to
Retails sales up 3.7% in H1, towed by e-commerce
Jul 30, 2020
Retail sales edged up 3.7 percent in the first half of this year compared to the same period last year, with the growth towed by e-commerce companies, government data revealed Thursday. According to the Ministry of Trade Industry and Energy, total sales in the retail industry recorded 66.79 trillion won ($55.9 billion) on-year, up 3.7 percent. The growth rate appears to have slowed compared to previous years, as sales increased by 7.5 percent in 2018 and 5.6 percent in 2019. For the report,
Duty-free sales up for 2nd month in June but still below pre-pandemic level
Jul 27, 2020
Duty-free sales rose for the second straight month in June, but their sales still remained half of pre-pandemic figures, industry data showed Monday. Combined sales at duty-free shops in South Korea reached 1.11 trillion won ($923 million) in June, up 9.3 percent from a month earlier, according to the Korea Duty Free Shops Association. It marked the second straight month of gains since the figure fell below 1 trillion won for the first time in four years in April. Local duty-free operators w
Homeplus speeds up sale of stores to secure liquidity
Jul 26, 2020
Amid an overall slump in the retail industry in the wake of the COVID-19 outbreak, retailer chain Homplus is speeding up its asset securitization plan to sell physical stores in order to secure liquidity. On Friday, Hompeplus said it has decided to securitize a store branch in Daejeon, one week after the retailer announced plans to sell another branch in Ansan, Gyeonggi Province. The company’s move comes after it recorded the net loss of 532.2 billion won ($442.8 million) during the pe
Coupang's delivery workers doubled to reach 10,000
Jul 23, 2020
South Korean e-commerce giant Coupang said Thursday that the number of its delivery workers has doubled in the last seven months to surpass 10,000. Coupang said its direct employment system is attractive to workers as it offers different benefits than other delivery service companies, allowing employees to work just five days a week and keeping the hours below 52 per week. The company also provides employment insurance and 15 days of annual leave, as stated in the law. The company also pays
Samyang Corp. Trusweet Allulose obtains kosher certificate
Jul 23, 2020
Korean food and chemical company Samyang Corp. said Thursday its food brand Trusweet Allulose obtained kosher certification from Orthodox Union. Samyang said it has worked to be verified as kosher, which confirms that the ingredients meets the dietary standards of traditional Jewish law, as part of its effort to present the product to the global kosher market valued at $250 billion. Trusweet Allulose was also certified halal by the Korea Muslim Federation in February, the company added.
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Seoul to host winter festival from Dec. 13
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Blackpink's solo journeys: Complementary paths, not competition
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Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid
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Actor Song Joong-ki welcomes second child in Rome
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