Korea's Taeyoung to sell local hotel to speed up debt workout

Korea's Taeyoung to sell local hotel to speed up debt workout

South Korea’s Taeyoung Group, which is undergoing a debt workout of its construction unit, is considering selling a four-star hotel and releva...

Aman, Rosewood, Banyan, IHG rush to open luxury hotels in Seoul

Aman, Rosewood, Banyan, IHG rush to open luxury hotels in Seoul

Renowned global hospitality companies, including Aman, Rosewood and IHG Group, are rushing to South Korea to launch new five-star luxury hotels in...

Korean retailers, hotels enjoy tourist boom in May holidays

Korean retailers, hotels enjoy tourist boom in May holidays

South Korean retailers and hotels are enjoying a boom thanks to an expected surge in tourists at home and abroad as more than 180,000 foreigners are...

Hanjin KAL to sell Waikiki Resort Hotel to Sono for $101 mn

Hanjin KAL to sell Waikiki Resort Hotel to Sono for $101 mn

Hanjin KAL Corp., the holding firm of South Korean flag carrier Korean Air Lines Co., is set to sell a 100% stake in its Hawaii-based subsidiary Wai...

Samsung heiress sells $326 mn worth of Samsung Elec shares

Samsung heiress sells $326 mn worth of Samsung Elec shares

Samsung Group heiress and Hotel Shilla Chief Executive Lee Boo-jin sold 441.2 billion won ($325.9 million) worth of Samsung Electronics Co. shares i...

HD Hyundai Develon wins iF Design Award

HD Hyundai Develon wins iF Design Award

South Korea's HD Hyundai Infracore Co. announced on Thursday that its construction machinery brand Develon received the grand prize in the branding ...

Hanwha Hotels & Resorts credit rating upgrades to A-

Hanwha Hotels & Resorts credit rating upgrades to A-

South Korea's Hanwha Hotels & Resorts announced on March 21 that Korea Ratings and Korea Investors Service elevated the company's corporate bond...

Mohegan fuels casino, resort market rivalry in Korea

Mohegan fuels casino, resort market rivalry in Korea

Mohegan Inspire Entertainment Resort on Yeongjong Island, near South Korea’s gateway Incheon International Airport, is attracting throngs of v...

LG Electronics to develop hotel-exclusive robots

LG Electronics to develop hotel-exclusive robots

LG Electronics Inc. will develop hospitality robots jointly with South Korea’s luxury hotel chain operator Josun Hotels & Resorts Co. to m...

South Korea’s luxury hotels bask in return of tourists post-pandemic

South Korea’s luxury hotels bask in return of tourists post-pandemic

South Korea’s luxury hotels are enjoying the return of tourists following years of COVID-19 restrictions, which significantly hurt their sales...

LG to use AI for early detection of air conditioner anomalies

LG to use AI for early detection of air conditioner anomalies

LG Electronics Inc. has introduced an artificial intelligence technology for early detection of anomalies in its commercial air conditioning systems...

SK Networks looks to triple operating profit by 2026 with AI

SK Networks looks to triple operating profit by 2026 with AI

SK Networks Co., a South Korean trading and rental company actively investing in tech firms in recent years, will step up its efforts to transform i...

Shinsegae E&C to sell leisure unit to reduce debt

Shinsegae E&C to sell leisure unit to reduce debt

South Korea’s Shinsegae Engineering & Construction Co. (Shinsegae E&C) announced on Wednesday that it will sell its leisure unit Jos...

Lotte Duty Free holds grand reopening ceremony at Changi Airport

Lotte Duty Free holds grand reopening ceremony at Changi Airport

Lotte Duty Free held a grand opening ceremony for its Changi Airport store in Singapore, marking the official start of its 19 stores.Lotte Duty Free...

Hyundai N Vision 74 wins 2023 Good Design Award

Hyundai N Vision 74 wins 2023 Good Design Award

Hyundai Motor Group announced on Thursday that its nine products across Hyundai Motor Co., Kia Corp., and premium brand Genesis have received top ...

Innocean, HYBE launch Seventeen project in Bangkok

Innocean, HYBE launch Seventeen project in Bangkok

Innocean Worldwide Inc., the global marketing communications arm of Hyundai Motor Group, announced on Wednesday that it has launched a K-pop boy g...

Seoul kicks off Korea Grand Sale 2024 to double foreign tourists

Seoul kicks off Korea Grand Sale 2024 to double foreign tourists

South Korea on Thursday kicked off a push to nearly double the number of foreign tourists visiting the country this year to 20 million by hosting a ...

S.Korea to allow hiring of foreign workers in hotels, resorts

S.Korea to allow hiring of foreign workers in hotels, resorts

The South Korean government said on Friday that it would grant the hiring of foreign workers in hotels and resorts from next year.The hotel and reso...

Ananti to go solo in Busan without Hilton

Ananti to go solo in Busan without Hilton

Ananti Inc. will end its six-year-long partnership with Hilton Hotels & Resorts by removing the global hotel giant's nameplate from its luxury s...

POSCO startup POSCORE wins grand prize at D.Camp All-Star League

POSCO startup POSCORE wins grand prize at D.Camp All-Star League

POSCORE, an in-house startup of South Korean steel giant POSCO Group, won the grand prize during an annual startup demo day hosted Wednesday by star...

Lotte Hotels & Resorts ups ante in kimchi business

Lotte Hotels & Resorts ups ante in kimchi business

South Korea’s largest hotel group Lotte Hotels & Resorts is pinning high hopes on kimchi as a new revenue source amid intensifying competi...

Hotel Shilla’s four restaurants selected on La Liste

Hotel Shilla’s four restaurants selected on La Liste

South Korean leading luxury hotel and retail operator Hotel Shilla announced on Tuesday that its four restaurants were selected on the La Liste 2024...

Naver-invested Bering Lab tops at Huawei startup contest

Naver-invested Bering Lab tops at Huawei startup contest

South Korea’s artificial intelligence (AI) legal technology startup Bering Lab, with investment from Naver D2 Startup Factory (D2SF), receiv...

Naver launches AI-based hotel recommendations service

Naver launches AI-based hotel recommendations service

South Korea’s web portal giant Naver Corp. has launched a beta service for For You, which recommends hotels using artificial intelligence (A...

Naver, Hotel Shilla to collaborate for AI and cloud

Naver, Hotel Shilla to collaborate for AI and cloud

South Korean leading luxury hotel and retail operator Hotel Shilla has entered into a strategic partnership with internet giant Naver Corp. The coll...

Hanjin KAL to sell off its Waikiki Resort Hotel at $108 mn

Hanjin KAL to sell off its Waikiki Resort Hotel at $108 mn

South Korea’s Hanjin KAL Corp. will sell the assets owned by its Hawaii-based subsidiary Waikiki Resort Hotel Inc. to US company AHI-CLG LLC a...

Jackpot seekers boost Grand Hyatt Jeju's Aug sales to record high

Jackpot seekers boost Grand Hyatt Jeju's Aug sales to record high

Grand Hyatt Jeju within Jeju Dream Tower Integrated Resort posted its highest-ever revenue of 14.3 billion won ($10.8 million) in August, Lotte Tour...

S.Korean lenders in New York luxury hotel likely to see losses

S.Korean lenders in New York luxury hotel likely to see losses

Some South Korean institutional investors may see significant losses on their investment in a hotel in the heart of New York as the developer has de...

Lotte Hotels & Resorts to launch premium kimchi product

Lotte Hotels & Resorts to launch premium kimchi product

Lotte Hotels & Resorts, a leading South Korean hospitality company, announced on Thursday its intention to penetrate the domestic kimchi market,...

Art luxury hotel reopened at Paradise City in Incheon

Art luxury hotel reopened at Paradise City in Incheon

The casino complex Paradise City in Incheon on Saturday will reopen Hotel Art Paradiso at its integrated resort on Yeongjong Island. Closed in July ...

Samsung’s latest Galaxy Z foldables: Slimmest, lightest yet smarter with AI features S.Korea to overhaul retirement pension system, introduce competition for higher returns POSCO sells Chinese stainless steel JV to Chinese rival for $300 mn Hahn & Co. to award bonus shares to Namyang staff, retires $7.1 mn in shares   Seoul vows zero-tolerance measures against unfair stock trading