Brookfield aims to increase debt on IFC Seoul to $2 bn

Brookfield aims to increase debt on IFC Seoul to $2 bn

Brookfield Asset Management Ltd. will increase its debt on the International Finance Center in Seoul (IFC Seoul), South Korea to up to 2.7 trillion ...

Hyundai Rotem inks $664 million deal to supply electric trains to LA Metro

Hyundai Rotem inks $664 million deal to supply electric trains to LA Metro

Hyundai Rotem Co., a South Korean railway system maker under Hyundai Motor Group, said on Tuesday it has won a $663.7 million deal to build electric...

Seoul aims to turn Yongsan IBD into world’s largest 'vertical' city

Seoul aims to turn Yongsan IBD into world’s largest 'vertical' city

The Seoul Metropolitan Government plans to turn an abandoned train maintenance depot in the central district of Yongsan into the world’s large...

Naver expands Papago with Arabic translation, boosting global reach

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...

Taiwan QR code to be available at BC Card merchants in S.Korea

Taiwan QR code to be available at BC Card merchants in S.Korea

South Korea’s BC Card announced on Wednesday that it will introduce the Taiwanese QR payment method TWQR in the domestic market for Taiwanese ...

Nongshim to open brand zone in Myeongdong, Seoul

Nongshim to open brand zone in Myeongdong, Seoul

South Korean food and beverage giant Nongshim Co. announced on Friday that it will open its brand zone in Myeongdong, Seoul with the domestic street...

Lotte gets exclusive right of Bacha Coffee in S.Korea

Lotte gets exclusive right of Bacha Coffee in S.Korea

South Korea's Lotte Department Store announced on Thursday that is has secured the exclusive franchise and distribution rights for Bacha Coffee, M...

Lotte World Tower sees record-high visitors in 2023

Lotte World Tower sees record-high visitors in 2023

Lotte Property & Development Co. (Lotte P&D) announced on Wednesday that the total number of visitors to Lotte World Tower and Mall last yea...

Tim Hortons to open two more stores in Seoul in January

Tim Hortons to open two more stores in Seoul in January

Canadian coffee brand Tim Hortons is opening two more stores in Seoul this month.Tim Hortons announced on Wednesday that it will open its Sungnyemun...

South Korean apps for foreigners' daily life, travel on the rise

South Korean apps for foreigners' daily life, travel on the rise

The South Korean mobile app market is seeing fast growth of platforms targeting foreign users in the country alongside their increasing demand for a...

Samsung Galaxy S24 heralds dawning of AI smartphone era

Samsung Galaxy S24 heralds dawning of AI smartphone era

SAN JOSE, Calif. – Samsung Electronics Co. on Wednesday unveiled its latest flagship smartphone Galaxy S24 series, which it calls an “AI...

SK Telecom considers adding LLM to iPhone recording app

SK Telecom considers adding LLM to iPhone recording app

LAS VEGAS -- SK Telecom Co. is considering adding a large language model (LLM) to its iPhone call-recording app for the first time in the industry, ...

Seoul kicks off Korea Grand Sale 2024 to double foreign tourists

Seoul kicks off Korea Grand Sale 2024 to double foreign tourists

South Korea on Thursday kicked off a push to nearly double the number of foreign tourists visiting the country this year to 20 million by hosting a ...

S.Korea ranks fourth in global mobile app market

S.Korea ranks fourth in global mobile app market

The size of the South Korean mobile app market has exceeded 10 trillion won ($761 million).Data.ai, an app market analysis platform, released the 20...

Upstage installs Solar in KakaoTalk AI services

Upstage installs Solar in KakaoTalk AI services

South Korea’s artificial intelligence (AI) tech startup Upstage announced on Thursday that its small language model (SLM) Specialized and Opti...

Sendbird aims to fly even higher, above 300 million

Sendbird aims to fly even higher, above 300 million

Founded in 2013, Sendbird, a customizable in-app communications platform used by more than 300 million active users monthly, is still hungry for mor...

Hanwha wins S.Korean military anti-drone system deals

Hanwha wins S.Korean military anti-drone system deals

South Korean aerospace and defense maker Hanwha Systems Co. is set to establish a military system to cope with small unmanned aerial vehicles (UAVs)...

The Hyundai Seoul unveils Louis Vuitton store

The Hyundai Seoul unveils Louis Vuitton store

The Hyundai Seoul, South Korea's largest department store in Yoido, on December 21 opened a Louis Vuitton women's store, marking a significant addit...

Anushka Sen, global celebs to ring in New Year in Seoul

Anushka Sen, global celebs to ring in New Year in Seoul

Thousands of global celebrity infuencers, including Indian TV actress and model Anushka Sen, are set to ring in the New Year at a content festival i...

Myeong-dong cements status as super-prime real estate in Korea

Myeong-dong cements status as super-prime real estate in Korea

A 170-square-meter plot of land in Myeong-dong, central Seoul, where South Korean beauty brand Nature Republic’s flagship store is located, ha...

Warburg Pincus’ JV to invest in Korean prime warehouses

Warburg Pincus’ JV to invest in Korean prime warehouses

US private equity firm Warburg Pincus LLC said on Tuesday it will establish a joint venture in South Korea via its Asia real estate fund to invest i...

KKR promotes Keith Kim in Seoul office to partner

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...

SK Telecom launches AI-based phone interpreting service

SK Telecom launches AI-based phone interpreting service

South Korea’s top mobile carrier SK Telecom Co. has launched an artificial intelligence-based telephone interpreting service in real-time for ...

South Korea to launch $7.6 bn supply chain fund, make urea locally

South Korea to launch $7.6 bn supply chain fund, make urea locally

South Korea plans to set up a supply chain stabilization fund of up to 10 trillion won ($7.6 billion) to effectively cope with sudden supply disrupt...

Seoul to add new aerial lifts to Namsan by 2025

Seoul to add new aerial lifts to Namsan by 2025

Visitors to Seoul, the capital of South Korea, are expected to enjoy faster and easier exploration of the city’s famous Namsan Mountain in 202...

South Korea to support urea purchases outside China, boost reserves

South Korea to support urea purchases outside China, boost reserves

The South Korean government plans to offer financial support to domestic companies when they import urea, a substance used in diesel vehicles and fe...

Foreign streetwear brands flock to rich districts in Seoul

Foreign streetwear brands flock to rich districts in Seoul

Palace Skateboards will likely join other foreign streetwear brands such as Noah, Supreme and Stussy, which have made their debut in South Korea, ta...

SK’s Chey proposes South Korea-Japan economic bloc akin to EU

SK’s Chey proposes South Korea-Japan economic bloc akin to EU

WASHINGTON, D.C. – South Korea and its closest neighbor Japan need to form an economic coalition, similar to the European Union (EU), to meet ...

The Hyundai Seoul, a must-visit for young foreigners

The Hyundai Seoul, a must-visit for young foreigners

The Hyundai Seoul, the largest department store in the South Korean capital, topped the 1 trillion won mark in annual sales at the fastest pace in t...

Seoul to build huge two-ring Ferris wheel for $700 mn

Seoul to build huge two-ring Ferris wheel for $700 mn

The Seoul Metropolitan Government on Sunday unveiled the design of a Ferris wheel, tentatively named Seoul Twin Eye, which it plans to complete by 2...

Kakao Pay backs out of acquisition deal for SSG Pay, Smile Pay Hanwha in talks to buy five-star hotel Paraspara Seoul Kia's Lego-like PV5 with 16 variants to hit market in July Stray Kids make K-pop history with landmark stadium show in Germany S.Korea’s most prominent business leader returns with all charges cleared