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Bucheon Fantastic Film Fest to revisit Son Ye-jin’s career
Foreign holdings of Korean finance giants hit record high
S. Korea expresses condolences over death of Iranian president
AI Seoul Summit to discuss ways to make AI equitable in Global South
[Today’s K-pop] Seventeen to launch new subunit duo
Korea's increasing US investment mutually beneficial: report
'NewJeans is the biggest victim in Hybe-Ador feud,' music critic
'K-Respect Day' to promote cultural understanding, combat hate speech
Seoul bans bee-toxic pesticides in parks, roadside trees
XR partnership between LG, Meta falls through
Seoul shares close higher on tech, auto gains
Sejong Center's Sync Next aims to attract new audiences
Iranian President Raisi: Hard-liner on morality, protests, nuclear talks
Hermes celebrates craftsmanship
Chinese e-commerce sales slow in April amid safety concerns
Minister urges med schools to get on schedule with expansion plans
[Contribution] Warming the Pacific, desalting the Indian Ocean: Korea's strategic dive into the Indo-Pacific
Seoul rolls out W250b package in bid to lure foreign talent
First glimpse of Hyundai Motor's new landmark complex in Gangnam
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Siita, the world's first zero-waste company
Mar 2, 2023
South Korean vegan cosmetics brand Siita said Thursday that it has been recognized as one of the first zero waste companies globally by a sustainable fashion and lifestyle platform affiliated with the United Nations. The Conscious Fashion and Lifestyle Network is an UN-hosted online platform for industry stakeholders, NGOs, and governments to seek collaborations and report progress for the implementation of the Sustainable Development Goals. Siita was introduced as one of the model cases that ha
Coupang earnings extend winning streak in Q4 2022
Mar 1, 2023
South Korean e-commerce giant Coupang is extending its winning streak in earnings, posting a profit for the second consecutive quarter in the fourth quarter 2022, according to its earnings report on Wednesday. The US-listed company said it posted quarterly operating profits of $83.4 million in the September-December period, an almost 10 percent growth from $77 million in the third quarter when the company first turned a profit since launching its ultrafast Rocket Delivery service in 2014. The co
Duty-free retailers eye China’s reopening
Feb 28, 2023
South Korean duty-free retailers are expected to see a bump in profits this year with the return of Chinese tourists, according to a Bank of Korea report released Tuesday. This year the number of Chinese tourists visiting Korea is estimated to reach 2 million –10 times last year’s 200,000. The Korean government’s lifting of mandated PCR tests for Chinese tourists upon arrival and the recent resumption of short-term visa issuance for Chinese nationals were cited as key driving
Iced Americano most popular drink in freezing temperatures: S.Korean coffee chain data
Feb 27, 2023
“Eol-juk-a,” a shortened version of the phrase that roughly translates to “iced Americano even if I freeze to death,” has been vindicated as the cold beverage turned out to be the most popular menu in a nationwide coffee franchise during January, the coldest month in South Korea. Hollys Coffee, one of South Korea’s top 10 coffee franchises, on Monday announced sales statistics for January when the average temperature was below zero. The figures, collected from custo
China’s duty-free giant joins bid to operate at Incheon Airport
Feb 27, 2023
Competition for operational rights for lucrative duty-free shops at Incheon Airport is heating up, with China Duty Free Group, one of the largest duty-free retailers globally, joining the race. According to industry sources on Monday, CDFG offered its bid to join the heated race after participating in a tender briefing session last month. Competing head-on with Korean rivals such as Lotte, Shinsegae and Hotel Shilla, the Chinese duty-free giant aims to win as many as two business licenses to ope
Japanese companies back in black amid waning 'No Japan' boycott
Feb 27, 2023
Operating profits for Uniqlo double, while ABC Mart's triple
Victorinox launches spring-edition Swiss Army Knife
Feb 26, 2023
Swiss premium knife brand Victorinox said Sunday it has released the Alox Limited Edition 2023, a lime-colored spring edition of its popular Swiss Army Knife. The knife made in Switzerland, also widely known as the MacGyver knife, is a timeless design icon frequently featured in contemporary art. The company introduces an Alox edition knife every year with a different theme. Alox is a transparent coating using aluminum oxide that enhances the durability and strength of the knife. This year&rsquo
Korea Agro-Fisheries and Food Trade Corp. eyes US military bases for K-food expansion
Feb 24, 2023
The Korea Agro-Fisheries and Food Trade Corporation, a quasi-government agency, is seeking ways to expand the presence and consumption of Korean food at US military bases. For the globalization of Korean food products, the agency's CEO Kim Chun-jin met with CEO Jacqueline Kim of the US wholesale trade group Kee World at the aT Center in Seoul. They discussed measures for stocking more Korean food products at commissary stores that provide groceries to military personnel, retirees and their
[K-Food] Paris Baguette charms world's taste buds with 'glocalization'
Feb 23, 2023
Korea’s No. 1 bakery chain repeats success story by offering some 300 products to please different palates worldwide
[Photo News] In commemoration of independence fighter
Feb 23, 2023
Starbucks Korea said Thursday it will donate a restored handwritten note of Korean independence movement leader Kim Gu, whose pen name is Baekbeom, to the National Trust for Cultural Heritage as part of its social contribution activities. The note, written in classical Chinese, reads “Yoo Ji Pil Seong,” which can be roughly translated to “If there is a will, it will be achieved.” Kim wrote it to honor the death of independence fighter Yun Bong-gil in 1949. In commemoratio
Pending price hikes in soju, beer deepen inflation woes in Korea
Feb 22, 2023
Liquor makers pressured by increasing cost of logistics, raw materials
CJ Logistics forays into Polish market
Feb 21, 2023
CJ Logistics, South Korea’s largest logistics firm, said Tuesday it has opened a regional office in Wroclaw, Poland, in a bid to target the European logistics market. According to CJ Logistics, Wroclaw is the largest industrial city and logistics hub in southern Poland. The company explained that the city functions as an important crossing region for European companies, as it is located right in the middle of Europe. Moreover, CJ Logistics explained that Poland is home to Gdansk port, wh
Korea targets drone, bot deliveries by 2027
Feb 20, 2023
Transport Ministry to speed up legislative measures for “one-hour” nationwide delivery services
LG H&H to debut portable tattoo printer at MWC
Feb 20, 2023
LG Household & Health Care said Monday that it will be unveiling its own portable temporary tattoo printer, dubbed Imprintu, at the upcoming Mobile World Congress that is slated to kick off next week in Barcelona, Spain. The company will be the first South Korean beauty firm to participate in MWC, one of the largest trade shows for telecommunications and mobility technologies. A combination of "impromptu" and "print," the tattoo printer connects with mobile devices to all
Food companies log record sales, but profits lag
Feb 19, 2023
South Korean food companies reported robust sales last year, but high raw material prices weighed down their profit growth. In 2022, Korean food companies Lotte Confectionery, SPC Samlip, Ottogi and Nongshim newly joined the short list of Korean food companies who posted annual sales of 3 trillion won ($2.3 billion) or more -- a feat achieved by only four Korean food companies so far. The top four food companies leading the country in terms of sales, which include CJ CheilJedang, Dongwon F&B
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‘Kim desperately wanted to denuclearize,’ Moon writes in memoirs
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Iran’s president found dead at helicopter crash site
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