Hyundai Motor, Lotte chairs rank as S.Korea’s highest-paid heads

Hyundai Motor Group Chairman Chung Euisun was ranked as South Korea’s highest-paid business owner in 2022 thanks to the group's record-high pr...

Lotte Global Logistics establishes resource recycling platform in Korea

South Korea's Lotte Global Logistics has established a resource recycling platform across ten logistics centers. The company has introduced the solu...

Korea's BGF Retail to cut power use with smart devices

BGF Retail, the operator of South Korea’s largest convenience store chain CU, said on Thursday that it had signed a memorandum of understandin...

Hyundai Dept. Store Duty Free to launch metaverse duty-free shop

South Korea's Hyundai Department Store Duty Free announced on Thursday that it had signed a memorandum of understanding (MOU) with OlimPlanet for ...

Lotte Mart unveils integrated private brand Good Today

South Korea's hypermarket Lotte Mart on Wednesday announced the debut of its integrated private brand (PB) Good Today under its plan to conduct focu...

Lotte Fine Chemical, OCI Global join hands for clean ammonia business

Lotte Fine Chemical Co., a subsidiary of Lotte Chemical Corp., and Europe’s No.1 clean ammonia producer OCI N.V., or OCI Global, will collabor...

S.Korea's mattress maker Zinus posts record domestic sales in 2022

Zinus Inc., the mattress-making affiliate of South Korea's Hyundai Department Store Group, on Monday reported record-high domestic sales last year o...

Kyochon F&B opens new store at Kuala Lumpur Airport

South Korea's fried chicken chain Kyochon F&B is spreading its wings in Malaysia, where it has recently opened a new store at the bustling Kuala...

Korea’s Shinsegae to bolster convenience store business

South Korea’s retail giant Shinsegae Group is set to boost its business in the rapidly growing convenience store sector as its supermarket cha...

POSCO Flow to assist World Vision in transportation of relief goods

POSCO Flow, a logistics partner of World Vision, agreed on Tuesday to help transport relief and sponsorship goods for the humanitarian organization ...

S.Korean fashion brands rush to China for pent-up demand

South Korean fashion brands are poised to expand their stores in China, aiming to capture pent-up demand in the world’s top consumer market af...

Lotte Chairman to return to beverage unit's boardroom

Lotte Group Chairman Shin Dong-bin is slated to return as an inside director of Lotte Chilsung Beverage Co., the group’s subsidiary and one of...

S.Korea's Aekyung opens Luna brand store on Chinese TikTok

Aekyung Industrial, a South Korean consumer products company, announced on Thursday the opening of a stand-alone brand shop for their make-up specia...

S.Korea's KGC to spur ginseng sales in China with state-run CR Group

Korea Ginseng Corp. (KGC), wholly owned by South Korean tobacco giant KT&G Corp., is set to accelerate sales of its ginseng products across Chin...

Lotte to produce clean ammonia in US with CF Industries

Lotte Chemical Corp., a major South Korean petrochemical manufacturer, joined hands with CF Industries Holdings Inc., the world’s largest ammo...

Iljin Materials to change its name to Lotte Energy Materials

Lotte Chemical Corp., a South Korean petrochemical giant, will rename Iljin Materials Co., the country’s second-largest copper foil maker, as ...

Hyundai Department Store uses AI to write advertising copy

South Korea's Hyundai Department Store Co. on Sunday said it will officially introduce on Thursday an artificial intelligence (AI) copywriting syste...

Kyochon sets sights on Western expansion with Canadian franchise deal

Kyochon F&B, the operator of South Korea's premier fried chicken brand Kyochon Chicken, said on Tuesday that it has secured a master franchise a...

Fried chicken chain bhc opens first US store in LA

South Korea’s No. 2 fried chicken brand bhc Group on Monday said it opened its first store in North America on Friday at the Original Farmers ...

Lotte Hotel forms new mileage partnership with Singapore Airlines

On Wednesday, Lotte Hotels & Resorts announced its new mileage partnership with Singapore Airlines, marking the hotel group's first international ...

Korean PE firm STIC to buy stake in copper foil maker Iljin

South Korean private equity firm STIC Investments is poised to become the second-largest shareholder of Iljin Materials Co., a Kosdaq-listed battery...

Lotte Fine Chemical transforms from ugly duckling to golden swan

For Samsung Group, the fine chemicals business was an ugly duckling losing money while other affiliates, including Samsung Electronics Co., were flu...

Korea’s Hyundai Dept. Store drops holding company plan

South Korea’s major retailer Hyundai Department Store Group Co. gave up a plan to split off its core high-end shopping mall affiliate and conv...

Chanel Korea to power its stores with renewable energy

Chanel Korea has taken a step toward reducing its carbon footprint by signing a memorandum of understanding (MOU) with Korea East-West Power. The ag...

Lotte Chemical, RWE, Mitsubishi form alliance for clean ammonia

South Korea's Lotte Chemical Corp. has joined forces with German energy company RWE and Japan's Mitsubishi Corporation to create a global consortium...

Lotte Group to directly control global real estate unit

Lotte Corp., the fifth-largest conglomerate in South Korea, is poised to strengthen its real estate development unit under the direct control of the...

Galleria Dept. Store's sales from foreigners increase 500% for past 6 months

South Korea's department store group Galleria Department Store said on Tuesday that for the past six months (between August last year and January th...

Lotte Ineos Chemical to expand vinyl acetate monomer plant

Lotte Ineos Chemical, South Korea's lone maker of acetic acid and vinyl acetate monomer (VAM), on Monday said it will expand its VAM output capacity...

Lotte Construction develops eco-friendly concrete

Lotte Engineering & Construction has developed eco-friendly concrete that can reduce carbon dioxide emissions by up to 90%. In collaboration wit...

Hyundai Dept. Store introduces AI chatbot service Jellppo

Hyundai Department Store Co. said on Sunday that it would introduce the artificial intelligence (AI) chatbot "Jellppo." Jellppo is an AI-based one-o...