South Korea accelerates stablecoin framework amid global race

South Korea accelerates stablecoin framework amid global race

Just one week after electing President Lee Jae-myung, an apparent backer of stablecoin adoption, South Korea is swiftly moving to clear the path for...

Korea’s ruling party revives corporate law reform with stricter rules

Korea’s ruling party revives corporate law reform with stricter rules

South Korea’s ruling party is reviving its push for an amendment to the Commercial Act with tougher mandates aimed at protecting minority shar...

Lee names nominees for prime minister, spy agency chief, other key posts

Lee names nominees for prime minister, spy agency chief, other key posts

South Korean President Lee Jae-myung on Wednesday unveiled his nominees for major government posts, including prime minister and spy agency chief, i...

Hanwha Aerospace slashes planned rights offering size to $1.6 billion

Hanwha Aerospace slashes planned rights offering size to $1.6 billion

Hanwha Aerospace Co., a leading South Korean defense company, said on Tuesday it plans to slash the size of its proposed rights offering to 2.3 tril...

Korean court reinstates impeached PM Han as acting president

Korean court reinstates impeached PM Han as acting president

South Korea’s constitutional court on Monday ruled against the impeachment of Prime Minister Han Duck-soo, restoring him to his position as ac...

China under spell of Korean spicy instant noodles; Samyang leads  

China under spell of Korean spicy instant noodles; Samyang leads  

South Korea’s spicy instant noodles are poised to captivate China, the world’s largest ramen market, with their shipments to the neighbo...

Samyang Foods Buldak Topokki enters Walmart in US

Samyang Foods Buldak Topokki enters Walmart in US

South Korea's Samyang Foods Co. said on Monday its Buldak Topokki entered Walmart stores in the US.Available in Original and Carbo (carbonara) fla...

Samyang Foods' Buldak Ramen gets K-food Safety certification

Samyang Foods' Buldak Ramen gets K-food Safety certification

South Korea's Samyang Foods Co. said on Thursday its Buldak Ramen (hot chicken flavor ramyun) received the domestic production certification K-food ...

With Samsung Bespoke AI kitchen, anyone can be a Michelin-star chef

With Samsung Bespoke AI kitchen, anyone can be a Michelin-star chef

Lim Hee-won, a celebrity chef who appeared on Netflix’s cooking competition show Culinary Class War, made a special trip to a studio in Seoul ...

CJ Logistics, Baropharm to cooperate on pharmaceutical logistics

CJ Logistics, Baropharm to cooperate on pharmaceutical logistics

South Korea's CJ Logistics said on Monday it signed a strategic partnership and exclusive pharmaceutical logistics contract with Baropharm, an integ...

Big Tech get slap on wrist for tax avoidance in Korea

Big Tech get slap on wrist for tax avoidance in Korea

Global Big Tech companies such as Google, Meta and Netflix have paid a pittance in South Korea taxes and were fined as little as one-ten-thousandth ...

Lotte Shopping to set up Singapore holding firm, eyes its IPO

Lotte Shopping to set up Singapore holding firm, eyes its IPO

Lotte Shopping Co., South Korea’s leading retail company, will transform its special purpose company (SPC) in Singapore into a holding firm to...

CJ Logistics joins hands with Affinity for third-party logistics

CJ Logistics joins hands with Affinity for third-party logistics

CJ Logistics announced on Wednesday that it has signed a strategic memorandum of understanding (MOU) with Affinity Equity Partners.Affinity is a glo...

MBK Partners’ sale of Homeplus Express hits snag over valuation gap

MBK Partners’ sale of Homeplus Express hits snag over valuation gap

MBK Partners’ planned sale of Homeplus Express, the supermarket chain of South Korean hypermarket operator Homeplus, has hit a snag as potenti...

HD Hyundai Samho, Wan Hai sign LOI for methanol-powered ships

HD Hyundai Samho, Wan Hai sign LOI for methanol-powered ships

South Korea's HD Hyundai Samho secured a potential order for four methanol dual-fuel container ships from Taiwan's Wan Hai Lines, according to the...

Samyang Roundsquare holds 'Buldak Ferry Party' in Denmark

Samyang Roundsquare holds 'Buldak Ferry Party' in Denmark

Samyang Roundsquare, formerly known as Samyang Foods Group in South Korea, announced on Friday that it held a consumer event called the "Buldak Spic...

LG CNS, Aeon to collaborate on EdTech in Japan

LG CNS, Aeon to collaborate on EdTech in Japan

South Korea's LG CNS announced on Thursday it signed a memorandum of understanding (MOU) with Aeon, an education company operating over 300 direct l...

LG Electronics acquires Athom to facilitate AI smart home push

LG Electronics acquires Athom to facilitate AI smart home push

South Korea’s home appliance giant LG Electronics Inc. said on Wednesday it has acquired Athom B.V., a Netherlands-based home automation compa...

Samsung, KEPCO to collaborate on power facility tech

Samsung, KEPCO to collaborate on power facility tech

Samsung Electronics Co. and Korea Electric Power Corp. (KEPCO) announced on Friday that they signed a memorandum of understanding (MOU) to cooperate...

Burger, chicken franchises raise prices after elections

Burger, chicken franchises raise prices after elections

Fried chicken and hamburger franchises in South Korea have sharply bumped up their food prices following the parliamentary elections last week as th...

AhnLab to form joint venture with Saudi SITE

AhnLab to form joint venture with Saudi SITE

AhnLab Inc., South Korea's information security solutions company, announced on Monday that it signed an agreement to establish a joint venture (JV)...

Samyang’s power: Hot Chicken Flavor Ramen by daughter-in-law

Samyang’s power: Hot Chicken Flavor Ramen by daughter-in-law

Samyang Foods Co., a South Korean instant noodle maker, enjoyed record earnings last year thanks to increasing overseas sales of its global-hit Hot ...

South Korea Boosts Security for Politicians as New Threats of Violence Emerge

South Korea Boosts Security for Politicians as New Threats of Violence Emerge

SEOUL—South Korea beefed up security for prominent political figures as new threats of violence materialized against top officials, including ...

KAI inks support deals for exported fighter jets to Poland

KAI inks support deals for exported fighter jets to Poland

Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, agreed with Polish companies on follow-up support me...

Seoul to build huge two-ring Ferris wheel for $700 mn

Seoul to build huge two-ring Ferris wheel for $700 mn

The Seoul Metropolitan Government on Sunday unveiled the design of a Ferris wheel, tentatively named Seoul Twin Eye, which it plans to complete by 2...

Beware political risk, No.1 factor in Korea Discount

Beware political risk, No.1 factor in Korea Discount

Corporate governance and management transparency have long been the big issues influencing the so-called Korea Discount, alongside labor strife and ...

Windfall tax on Korean banks to create quintuple burden

Windfall tax on Korean banks to create quintuple burden

Koreans are piqued by banks raking in extraordinarily handsome profits and handing out generous bonuses amid the high-interest rate environment that...

Samyang draws record-high sales on Singles' Day in China

Samyang draws record-high sales on Singles' Day in China

South Korea's Samyang Foods Co. announced on Thursday its sales during China's largest shopping festival, Singles' Day (Nov. 11), reached a new re...

Spicy food craze sweeps South Korea

Spicy food craze sweeps South Korea

South Korea, famous for the spicy kick in its cuisine, is going the extra mile to turn the nation red hot with extremely spicy food, believed by Kor...

Samyang Foods launches TomYum Buldak Ramen in US

Samyang Foods launches TomYum Buldak Ramen in US

South Korea's Samyang Foods Co. announced on Friday it began to release the new export-exclusive product of Hot Chicken Flavor Ramen, or Buldak Rame...

Korean waste management firm Koentec on market for $730 mn US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement Samsung’s Q2 operating profit halves amid sluggish chip sales Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates