luxury sales to foreigners
Scope
Date
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Bio & Pharma
Celltrion Healthcare launches Remsima SC in Brazil
South Korean biopharmaceutical company Celltrion Healthcare Co. revealed on Monday its introduction of Remsima SC, a treatment for autoimmune diseas...
May 22, 2023 (Gmt+09:00)
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Retail
MLB apparel by Korea's F&F finds favor in China
F&F Co., a South Korean outdoor fashion retailer, has notched a success selling US Major League Baseball (MLB) apparel in China. This comes desp...
May 21, 2023 (Gmt+09:00)
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Korean stock market
Foreigners gobble up chip stocks in S.Korea, buoying overall Kospi
Foreign investors' appetite for South Korean stocks remains insatiable, mainly for semiconductor heavyweights, underscoring their high expectations ...
May 19, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea's Osteonic starts sports medicine exports to Japan
South Korea's surgical and medical instruments maker Osteonic Co. on Thursday announced the start of exports of its Kinex sports medicine products t...
May 19, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea's i-Sens buys US glucose-measuring device maker for $27 mn
South Korean maker of diabetes-related devices i-Sens Inc. on Wednesday announced its planned acquisition of AgaMatrix, an American manufacturer of ...
May 18, 2023 (Gmt+09:00)
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Culture & Trends
Night at Korean royal palace brims with stars and Gucci fashion
Seoul has again grabbed the attention of global fashionistas as Italian fashion house Gucci on Tuesday night finally staged its belated Korean fashi...
May 17, 2023 (Gmt+09:00)
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Regulations
Korea to require pre-disclosure of major shareholder stake sales
South Korea is set to require pre-disclosures of major shareholders’ listed company stake sales in an aim to prevent tumbles in stock prices.A...
May 17, 2023 (Gmt+09:00)
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Korean SMEs
S.Korea to launch first cyber office for small, medium businesses
South Korea's Minister of SMEs and Startups Lee Young on Monday said the country will launch its 18th office for small and medium enterprises (SME) ...
May 16, 2023 (Gmt+09:00)
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Earnings
Nexon beats major Korean rivals with China market, PC games
Gaming giant Nexon Co. is dwarfing major South Korean rivals thanks to its success in China and PC titles.Nexon, a South Korean-Japanese game publis...
May 12, 2023 (Gmt+09:00)
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Retail
S.Korea’s Dongdaemun fashion district shows revival post-COVID-19
Doosan Tower, the most visible shopping mall in the Dongdaemun fashion market, is finally making a comeback. The number of foreign visitors seeking ...
May 11, 2023 (Gmt+09:00)
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Markets
S.Korea's brokerages lower stock target prices for Shinsegae Int'l
South Korea's securities companies on Thursday lowered their target stock prices for retailer Shinsegae International given its sluggish first-quart...
May 11, 2023 (Gmt+09:00)
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Airlines
S.Korea's leading low-cost carrier Jeju Air posts record-high Q1 results
South Korea's leading low-cost carrier (LCC) Jeju Air Co. posted record-high performance in the first quarter. Industry analysts say domestic LCCs w...
May 10, 2023 (Gmt+09:00)
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Economy
S.Korea to see 240K drop in number of manufacturing workers by 2032
The number of workers in South Korea's manufacturing sector is expected to drop by 240,000 over the next 10 years, a report says, caused by the decl...
May 10, 2023 (Gmt+09:00)
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Bio & Pharma
Huons sees tripling of lidocaine vial output in 3 years
South Korea’s Huons Co., an anesthetics vial producer, aims to triple its lidocaine output from 2026, targeting the US market, where it fills ...
May 09, 2023 (Gmt+09:00)
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Artificial intelligence
Virtual human YT debuts as SSG.COM’s shopping host
SSG.COM, the e-commerce brand of South Korean retail giant Shinsegae Inc., announced on Tuesday that virtual human YT has been named the official sh...
May 09, 2023 (Gmt+09:00)
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Steel
Hyundai Steel launches online mall Hcore Store
South Korea's Hyundai Steel on Tuesday said it launched the e-commerce platform Hcore Store on a pilot basis to boost domestic sales of steel materi...
May 09, 2023 (Gmt+09:00)
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Beauty & Cosmetics
S.Korea’s beauty brand Laneige enters UK, Middle East market
Amorepacific Corp.'s cosmetic brand Laneige announced on Tuesday that it is accelerating its global business expansion by entering the UK and Middle...
May 09, 2023 (Gmt+09:00)
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Culture & Trends
Leeum's enduring charm to foreign VIPs
On a shiny Monday morning, the Leeum, Samsung Museum of Art nestled on the slope of Mt. Namsan in a quiet Hannam neighborhood in Seoul was flanked b...
May 08, 2023 (Gmt+09:00)
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Economy
Seoul eyes opening doors to domestic helpers from Southeast Asia
Seoul is slated to welcome domestic helpers from Southeast Asia later this year to ease the burden of childcare and address issues surrounding Korea...
May 08, 2023 (Gmt+09:00)
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Korean food
Samyang Foods aims to grow Buldak sauce into $75 mn brand
South Korea's Samyang Foods Co. announced on Monday that it will strengthen its sauce business centered around its popular Buldak (hot chicken flavo...
May 08, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor drives software unit's Q1 sales higher
Record-setting earnings at South Korea’s Hyundai Motor Group have driven its vehicle software platform’s sales sharply higher and painte...
May 08, 2023 (Gmt+09:00)
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Entertainment
BTS 10th anniversary stamps to be issued on June 13
South Korea's state-run postal service agency Korea Post announced on Sunday that it will issue commemorative stamps on June 13, featuring the past ...
May 08, 2023 (Gmt+09:00)
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Electronics
Samsung to unveil new foldables in July to boost Q3 profit
Samsung Electronics Co. is set to unveil fifth-generation of its foldable smartphones at the end of July, about two weeks earlier than it had showca...
May 05, 2023 (Gmt+09:00)
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Earnings
SK Innovation’s battery sales at record high, production yield improved
SK Innovation Co. said on Thursday its battery affiliate SK On Co. posted record quarterly sales following a facility ramp-up in the US to meet risi...
May 04, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia’s brisk April sales bode well for stellar Q2
The second-quarter earnings outlook for South Korea’s biggest automaker Hyundai Motor Co. and its sister company Kia Corp. looks rosy as eased...
May 03, 2023 (Gmt+09:00)
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Korean games
Simple, retro: Korean game sector’s new target for growth
Once-popular games for feature phones in the 2000s are seeing a revival in South Korea on the growing demand for simple and easy titles for smartpho...
May 02, 2023 (Gmt+09:00)
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Automobiles
Renault Korea Motors shuts down Busan plant for 10 days
Renault Korea this month will stop operating its Busan plant for about 10 days in a desperate bid to reduce inventory, which has soared due to plumm...
May 02, 2023 (Gmt+09:00)
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Electronics
S.Korea’s IT parts makers reeling from sluggish smartphone, TV sales performance
South Korea’s major information technology parts makers like Samsung Electro-Mechanics, LG Innotek and LG Display Co. suffered huge dr...
Apr 27, 2023 (Gmt+09:00)
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Earnings
Kia expects stellar Q2 after reporting record operating profit in Q1
Kia Corp., the smaller sibling of South Korea’s largest automaker Hyundai Motor Co., presented a rosy earnings outlook for the second quarter ...
Apr 26, 2023 (Gmt+09:00)
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Business & Politics
S.Korea to offer subsidies to foreigners investing in advanced technologies
Foreign companies investing in the fields of semiconductor, display and secondary batteries, which are part of South Korea's national strategic tech...
Apr 26, 2023 (Gmt+09:00)
Latest News
- 1 Jollibee to buy chicken chain Norang Tongdak amid K-food frenzy
- 2 Micron set to supply SOCAMM chips to Nvidia ahead of Samsung, SK Hynix
- 3 POSCO Future M breaks with China in cathode supply chain
- 4 GIC resumes Seoul Finance Center sale in potential megadeal
- 5 South Korea’s Lee, China’s Xi agree on closer ties, peace on Korean Peninsula