global stores
Scope
Date
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Carbon neutrality
Samsung Biologics receives Terra Carta Seal
Samsung Biologics Co., the world’s largest contract drugmaker, said on Wednesday it was awarded the Sustainable Markets Initiative’s Ter...
Jan 11, 2023 (Gmt+09:00)
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Korean startups
POSCO opens first overseas venture incubating office in Silicon Valley
POSCO Group said on Wednesday that it has opened the first overseas office of ChangeUp Ground in Silicon Valley in the US.ChangeUp Ground is a start...
Jan 11, 2023 (Gmt+09:00)
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Retail
S.Korea resumes egg imports in 13 months due to soaring prices
As egg prices soared due to the spread of bird flu or avian influenza, the South Korean government resumed imports of eggs to ease price pressure.It...
Jan 11, 2023 (Gmt+09:00)
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Entertainment
Korean apparel retailer F&F to produce global K-pop stars
South Korean outdoor clothing retailer F&F Co. made a foray into the entertainment sector to create a synergy of K-content and fashion, competin...
Jan 11, 2023 (Gmt+09:00)
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Bio & Pharma
SK bio families to present visions to global investors at SK Bio Night
SK Inc., the investment company of SK Group, said on Tuesday that it will hold a networking event called "SK Bio Night" in the US along with its bio...
Jan 10, 2023 (Gmt+09:00)
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Batteries
Ford in talks with LG Energy for Turkey EV battery plant
Ford Motor Co. is in talks with LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, to build a cell factory in...
Jan 10, 2023 (Gmt+09:00)
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Venture capital
SK Ecoplant joins with PnP to foster eco-friendly global startups
South Korea’s SK Ecoplant Co. will join with global venture capital firm Plug and Play (PnP) to discover and launch global startups in eco-fri...
Jan 09, 2023 (Gmt+09:00)
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Korean startups
Global VCs urge S.Korea to train lawyers on int'l contracts
Brad McManus, investment director of the Silicon Valley-based venture capital (VC) fund Applied Ventures LLC, said his company will discuss investme...
Jan 09, 2023 (Gmt+09:00)
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Korean Innovators at CES 2023
Samsung, Harman unveil in-vehicle driver alert system
When a driver feels drowsy and his eyelids start slipping, a red light flickers on his dashboard with a warning sound.That’s the key feature o...
Jan 06, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Privatization of Korea’s top container line HMM to gain traction
South Korea’s move to privatize container shipping line HMM Co. to recover taxpayer money is gaining traction as government officials start lo...
Jan 05, 2023 (Gmt+09:00)
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Corporate strategy
S.Korea's automotive unit Kolon Mobility Group reborn as separate entity
South Korea's Kolon Mobility Group has been launched with Lee Kyu-ho, the great grandson of the Kolon Group founder Lee Won-man, as co-CEO. Formerly...
Jan 05, 2023 (Gmt+09:00)
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Food & Beverage
Korea's coffee brand Ediya to open 1st overseas branch in Guam
Ediya Coffee, South Korea's home-grown low-priced coffee brand, will open a branch in Guam in the first half of this year to seek growth through exp...
Jan 04, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia aim to outpace industry growth in 2023
The Hyundai Motor Group is aiming to boost sales by 10% this year from 2022, above an estimated single-digit growth in the global automotive market....
Jan 03, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Sejong kicks off private 5G business for exclusive use for industrial safety
Sejong Telecom, Inc. a mid-sized facilities-based telecommunications business and ICT platform company in South Korea, will launch a private 5G bu...
Jan 03, 2023 (Gmt+09:00)
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Bio & Pharma
HLB confirms ophthalmic disease treatment in phase 3 clinical trials
South Korea’s biomedicine startup HLB Therapeutics Co. said on Monday that its Neurotrophic Keratopathy (NK) treatment RGN-259 proved effectiv...
Jan 03, 2023 (Gmt+09:00)
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Korean Innovators at CES 2023
7-Eleven shows off first realistic metaverse store at CES 2023
Convenience store franchiser 7-Eleven said on Tuesday that it would display a new concept metaverse store for the first time in the industry toget...
Jan 03, 2023 (Gmt+09:00)
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Retail
GS Retail to introduce forex kiosks in convenience stores
South Korea's convenience store franchiser GS Retail said on Monday that it would introduce foreign currency exchange kiosks at its convenience st...
Jan 02, 2023 (Gmt+09:00)
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Energy
S.Korea's top 2 LPG importers E1 and SK Gas cut supply price
South Korea's two major importers of liquefied petroleum gas (LPG), E1 Corp. and SK Gas Corp., have both cut their supply price of LPG in the first ...
Jan 02, 2023 (Gmt+09:00)
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Logistics
Korea's Traders Wholesale Club launches paid membership program
S.Korea's big-box store Traders Wholesale Club officially launched its paid membership program called Traders Club on Sunday.The store has secured...
Jan 02, 2023 (Gmt+09:00)
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ESG
Woori Financial wins MSCI ESG global leader rating for 2nd year
Woori Financial Group said on Thursday it has earned an AA rating for the second consecutive year in the global ESG rating announced by Morgan Stanl...
Dec 30, 2022 (Gmt+09:00)
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Economy
Korea Fair Trade Commission opens unit to review global M&As
The Korea Fair Trade Commission (KFTC) on Tuesday said it will open a division specifically for reviewing global M&As given the recent growth of...
Dec 28, 2022 (Gmt+09:00)
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Retail
CU to make instant VAT refund for foreign customers
BGF Retail, a franchiser that operates convenience store chain CU, said on Tuesday that it would implement an instant VAT refund service for foreign...
Dec 27, 2022 (Gmt+09:00)
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Economy
Italian envoy to Korea says what works in Korea works globally
Italian Ambassador to South Korea Federico Failla said that as both Italy and Korea cherish and prioritize the importance of tradition and innovatio...
Dec 26, 2022 (Gmt+09:00)
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Economy
S. Korea foresees recession in falling freight prices, wages
Global ocean freight prices are falling amid a darkening outlook for South Korea, as Asia’s fourth-largest economy heavily depends on overseas...
Dec 26, 2022 (Gmt+09:00)
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Companies
Samsung Global Goals app rakes in over $10 million in charity 3 years after launch
Samsung Electronics Co. on Monday said Samsung Global Goals, a charity app for the company's Galaxy smartphones and devices, exceeded $10 million in...
Dec 26, 2022 (Gmt+09:00)
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Food & Beverage
E-Mart enters Singapore with two corner shops selling K-food
South Korea’s largest supermarket chain E-Mart Inc. has become the first Korean company that has launched a convenience store in Singapore.The...
Dec 23, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Samsung Elec to develop Vietnam as global strategic base
Samsung Electronics Co., the world’s top memory chip and smartphone maker, aims to nurture Vietnam as a global strategic base as it opens a ne...
Dec 23, 2022 (Gmt+09:00)
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Bio & Pharma
Celltrion applies for FDA approval for Remsima SC
Celltrion Ltd. said on Friday it had applied the previous day for permission from the US Food and Drug Administration (FDA) for Remsima SC, an autoi...
Dec 23, 2022 (Gmt+09:00)
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Future mobility
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...
Dec 22, 2022 (Gmt+09:00)
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Chemical Industry
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...
Dec 22, 2022 (Gmt+09:00)
Latest News
- 1 Want to look beautiful? – Here’s the 'Made In Korea' mask pack
- 2 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 3 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 4 President Lee: Businesses at center of policy priorities for economic growth
- 5 Samsung supplies HBM3E to AMD’s new accelerators