MBK, Air Premia team up for Asiana’s cargo unit; Jeju Air exits

South Korea's low-cost carrier Air Premia Inc. has teamed up with North Asia-focused private equity firm MBK Partners to win Asiana Airlines Inc.'s ...

Toray Advanced Materials obtains AS9120 certification

Toray Advanced Materials Korea Inc. announced Wednesday that it attained the AS9120 certification for aerospace industry quality management systems ...

Lotte Rental launches driver-inclusive rental service in Vietnam

Lotte Rental Co., South Korea's largest car rental firm, announced on Monday that it has launched a "Vietnam Driver-inclusive Rental Car."The servic...

Jeju Air, MBK Partners in talks to buy Asiana’s cargo unit

South Korea’s top budget carrier Jeju Air Co. is in talks with North Asia-focused private equity firm MBK Partners to acquire Asiana Airlines ...

Samsung unveils 2024 TV lineup at Changi Airport

Samsung Electronics Co. on Thursday hosted an event at Jewel Changi Airport in Singapore to unveil its 2024 new TV lineup, including Neo QLED, organ...

Korea’s POSCO Int’l to work on CCUS, hydrogen businesses

POSCO International Corp., the general trading and resources exploration subsidiary of South Korea’s steel giant POSCO Holdings Inc., aims to ...

Craft beer maker Jeju Beer sells stake to car repair company

South Korea’s leading craft beer maker Jeju Beer Co. has sold a controlling stake owned by its founder and family to a small domestic car main...

Korea’s Incheon Airport Corp. signs $3 billion deal to run Manila airport

South Korea's state-run Incheon International Airport Corp. (IIAC) has signed a $3 billion deal to operate Manila's Ninoy Aquino International Airpo...

T'way Air launches new route to Beijing Daxing

T'way Air Co. announced on Friday that it will operate a new route between Incheon Airport and Beijing Daxing Airport from Mar. 25 to 30. T'way...

Duty-free shops at Incheon International Airport eager to lure boutiques

Duty-free shops at Incheon International Airport, South Korea’s main gateway, are fiercely competing to lure luxury brand boutiques to their o...

POSCO International to build motor core plants in Poland, Mexico

POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., said on Monday it will build new trac...

Venture downturn keeps Korean unicorns from acquisitions

South Korean unicorns, or private companies worth $1 billion or more, are increasingly refraining from taking over smaller startups for business exp...

S.Korea, Indonesia agree to free up flight routes

South Korea and Indonesia have agreed to allow unrestricted flight operations between their regional airports. This announcement, made by Seoul's Mi...

Naver expands Papago with Arabic translation, boosting global reach

South Korea's leading online portal Naver Corp. announced on Friday the addition of Arabic translation capabilities to its AI-driven translation ser...

Bespin Global supplies AI chatbot to Gimpo Int’l Airport

South Korea's cloud solution provider Bespin Global announced on Friday that it has supplied its interactive artificial intelligence (AI) platform H...

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...

Korea's LX International buys Indonesian nickel miner for $100 mn

South Korean trading firm LX International Corp. said on Tuesday that it has acquired a 60% stake in Indonesian miner PT Adhi Kartiko Pratama (AKP)&...

Bulgogi & ramyun top Jeju Air's in-flight menu in 2023

South Korea'st budget carrier Jeju Air Co. announced on Monday that its most popular in-flight meals and cabin cafe items in 2023 were bulgogi deopb...

Korean chicken chains accelerate overseas expansion

South Korean chicken chains are accelerating their overseas expansion, driven by a saturated domestic market and the growing popularity of the Korea...

S.Korea launches official probe into HSCEI-tied ELS sale

South Korea’s financial authorities have opened an official probe into local banks and securities firms’ potential misselling of equity-...

POSCO International to step up global expansion after hefty profits

POSCO International Corp. will step up global expansion in 2024 with a focus on electric vehicle components, eco-friendly energy exploration and gra...

POSCO Holdings’ Chairman Choi to hand over baton

POSCO Holdings Inc.'s Chairman Choi Jeong-woo is not among the company’s next CEO candidates, suggesting Choi will leave the company after ser...

Korea’s 6G frequency bands picked as standard candidates

Sixth-generation (6G) communication frequency bands proposed by South Korea have been adopted as global standard candidates by the industry's freq...

Lotte extends Brisbane Airport duty-free shop operations until 2034

Lotte Duty Free, South Korea’s largest duty-free business operator, said on Sunday it has extended its operating rights for a duty-free shop a...

KKR promotes Keith Kim in Seoul office to partner

KKR & Co. Inc. has promoted Keith Kim (Kim Yang-han), managing director at the private equity giant’s Seoul office, to partner.Kim, who ma...

Doosan Robotics supplies baggage handling robots to Dutch Airport

South Korea's Doosan Robotics Inc. announced on Thursday its collaboration with Amsterdam Airport Schiphol and the Danish firm Cobot Lift. This part...

Doosan Robotics to expand cobot business in Europe

Doosan Robotics Inc., the robot-developing unit of South Korea’s Doosan Group, will supply collaborative robots to Amsterdam Airport Schiphol ...

POSCO International foresees record-high profits for 2023

POSCO International Corp., a South Korean general trading and energy exploration company, is expected to post its highest-ever profits this year tha...

POSCO International wins green car parts orders from US, Europe

POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., is accelerating i...

S.Korea to develop Batam airport as Indonesia's air hub

BATAM – State-run Incheon International Airport Corp. (IIAC) is accelerating the growth of Hang Nadim International Airport in Batam, Indonesi...