Lotte mulls building transit hubs in retail stores for air taxis, drones

South Korea’s Lotte Engineering & Construction Co. said on Dec. 22 it is considering building vertiports on the rooftops of its retail aff...

CJ CheilJedang develops biodegradable cosmetic containers

CJ CheilJedang Corp. said on Thursday that it has applied a biodegradable container developed from a composite material mixed with PHA (polyhydroxya...

CU to introduce shopping platform on metaverse

Convenience store chain CU said on Thursday that it would introduce a meta-commerce service where online business activities take place on the met...

Lotte Mart opens 50th Indonesian store in Serpong

Lotte Mart said on Thursday that it would open its 50th store in Serpong, Indonesia. The store is 4,628 square meters, with more than 80% of the tot...

Commercial building transactions plummet to 2008 financial crisis level

In October, commercial building sales in Seoul plunged to the level of the 2008 global financial crisis.According to an analysis of actual transacti...

Buying a home in Seoul becomes tougher in 2021

Saving income to buy a house in South Korea has become more difficult and taking longer, according to a report by the Ministry of Land, Infrastruc...

Gabriela Hearst, Veronica Beard, Toteme to launch in Korea

US designer brands Gabriela Hearst and Veronica Beard, as well as Swedish premium Toteme are set to open exclusive stores in South Korea to allure f...

S.Korea's Shinsegae Int'l secures domestic sales rights of Laura Mercier

South Korea's major retailer Shinsegae International said on Monday that it would acquire the exclusive domestic sales rights of Laura Mercier, a Fr...

Sulbing opens 1st US store in California in March next year

South Korean dessert café Sulbing said on Friday that it signed a new master franchise contract to declare its entry into the US market and a...

S.Korea's fast-food chain Lotteria opens 3rd store in Mongolia

Lotte GRS, the food affiliate of Lotte Group, said on Thursday that it opened its third Lotteria restaurant in Ulaanbaatar, Mongolia, last Friday.Lo...

Lotte Department Store hosts Alfie Caine's first solo exhibition in Asia

Lotte Department Store on Wednesday said it will hold the first solo exhibition in Asia by Alfie Caine, a British artist who is emerging as a star o...

CJ CheilJedang launches new Bibigo kimchi in Europe

Korea's leading food processing company CJ CheilJedang said on Monday that it has launched Bibigo sliced kimchi for export in Europe, which can be s...

Seoul reclaims spot as Japanese tourists' top destination after 11 yrs: HIS

Seoul has become the top destination for Japanese tourists for the first time since 2011, according to Japan’s leading travel agency HIS Gro...

Hyundai E&C creates world's first children's playground using 3D printing

Hyundai Engineering & Construction said on Thursday it has installed children's playground equipment it made using 3D printing technology at Hil...

Korea to revise dividend policy to ease ‘Korea discount’ concerns

South Korea plans to revise its stock dividend policy as part of a broader financial market reform to help attract foreign investors and obtain MSCI...

Korean universities lag international peers in nurturing entrepreneurs

The prestigious Seoul National University was the only university in South Korea to rank among the top 100 universities in terms of producing futu...

Seoul more expensive than Tokyo for expats due to high real estate costs

TOKYO — The monthly rent of a commercial building in Seoul has surpassed that of Tokyo for the first time.The rent for an office building in t...

Saudi prince’s Seoul trip brings $30 billion in business deals

Mohammed bin Salman, the crown prince and prime minister of Saudi Arabia, flew into Seoul on Thursday and clinched $30 billion in bilateral deals wi...

FTX implosion disrupts interest issuance by GOPAX product

The implosion of the Bahamas-based crypto exchange FTX is causing ripple effects around the world, and South Korea is no exception.Seoul-based cry...

UK regulator flags concerns over Korean Air-Asiana merger

The British antitrust watchdog raised concerns over the impact on competition of the proposed merger between South Korea’s two largest carrier...

Saudi crown prince to meet Korean business leaders in Seoul

Saudi Arabia’s crown prince Mohammed bin Salman is known to be planning meetings with leaders of major South Korean conglomerates, including S...

S-Oil to OK $6 billion Shaheen project as Saudi prince heads to Seoul

S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., will approve the much-touted 8 trillion won ($6 billion) Shaheen project to expand its ...

Game design and development studio SHIFT UP eyes IPO

SHIFT UP Corp., known for its subculture games, is eyeing an initial public offering (IPO.) The game design and development studio confirmed th...

Delivery startup VtoV raises $7.2 million from Series A round 

South Korean logistics startup VtoV, the operator of optimized delivery service To-Day, raised 9.5 billion won ($7.2 million) from a Series A round....

South Korea’s biggest startup event ComeUp 2022 kicks off in Seoul 

South Korea’s largest startup event ComeUp kicked off on Wednesday at the Dongdaemun Design Plaza (DDP). The annual event, which celebrat...

Microsoft CEO Nadella to speak at developers' forum in Seoul

Microsoft Korea said on Tuesday that it will host Microsoft Ignite Spotlight on Korea, an annual conference for developers and IT professionals, on ...

Weak won leads HSBC's Seoul branch to raise capital

The Seoul branch of the UK-based Hong Kong and Shanghai Banking Corp. (HSBC) has made a capital increase of over 20% to raise its capital adequacy r...

Korea, Hyundai Motor request 3-year reprieve on US EV tax credit law

The South Korean government and the country’s top automaker Hyundai Motor Co. have requested the US government give Korean carmakers a three-y...

Korean LED maker marks 100th victory in global patent wars

Seoul Semiconductor Co., the world’s second-largest light-emitting diode (LED) display maker, won a patent lawsuit in Germany, setting a recor...

Lotte Shopping joins hands with UK's Ocado to build online grocery store 

Lotte Shopping Co. will join forces with the Hertfordshire, England-based Ocado Group, which licenses grocery fulfillment technology to retailers.&n...