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Renowned for its signature spicy thigh patty burgers, Mom’s Touch has established itself as a dominant player in South Korea’s fast-food landscape, with the highest number of branches here, despite its relatively late entry to the market. Celebrating its 20th anniversary this year, the fast-food...
Hanwha Systems, a defense electronics and ICT solutions provider under the Korean conglomerate Hanwha Group, broke ground on a space center in Jeju on Monday. Named the Jeju Hanwha Space Center, the new facility will be capable of developing and manufacturing satellites. Hanwha Systems plans to co...
South Korea’s Hyosung Heavy Industries announced Monday that it has been recognized as a tier-1 supplier of energy storage systems by BNEF or Bloomberg New Energy Finance, a market research firm specializing in the renewable energy sector. The firm has now been included in the top-tier list for t...
CJ Foodville said Monday it has opened two new Tous Les Jours branches in Cambodia, as part of efforts to broaden its foothold in Southeast Asia. The two new branches, which opened Friday in Kam Puchea Kroum and Toul Tom Poung in the country’s capital, Phnom Penh, mark the first locations for CJ ...
Korea Ginseng Corp., a global leader in ginseng production, has significantly enhanced its brand positioning and visibility through its marketing strategies that prominently feature Lim Young-woong. Lim, a trot singer with an avid fan base, has recently been named the ginseng brand's brand model. ...
MBK Partners Chairman Michael ByungJu Kim has recently donated $25 million to his undergraduate alma mater, Haverford College, according to the asset manager's announcement on Monday. The $25 million donation, the largest amount in the school's history, was made on April 23. It will fund the estab...
HD Hyundai Vice Chairman and CEO Chung Ki-sun will serve as a co-chair of the Special Meeting of the World Economic Forum held in Riyadh, Saudi Arabia from Sunday to Monday. This session convenes 900 leaders from a broad array of sectors, including public and private enterprises, international org...
Leading ramyeon producer Nongshim has announced the launch of a dance challenge event to mark the release of its latest products: Pu Phat Phong Guri Big Bowl and Kimchi Jja Guri Big Bowl. The newly launched products are inspired by Thai curry and Korean kimchi and pork stew, respectively. The prod...
KT&G’s newly-appointed CEO Bang Kyung-man recently embarked on a business trip to Indonesia, a nation the company projects as a new production hub on the global stage, according to the South Korean cigarette manufacturer on Sunday. The business trip is Bang's first since assuming the role of CEO ...
Experts have raised concerns over the Japanese government's action to pressure Korean portal giant Naver to cut its control of Line, the messaging app used by over 70 percent of the Japanese population, calling it an "unprecedented” case between the two countries with friendly relations. Since la...
During the bidding process among domestic low-cost carriers for the acquisition of Asiana Airlines' cargo division, Jeju Air, previously considered the front-runner, has chosen not to participate in the bidding. According to industry sources, the main bidding process, organized by financial servic...
Korean battery materials producer Posco Future M has partnered with Japanese automaker Honda Motor to create a joint venture focused on producing cathode materials for electric vehicle batteries in the Canadian province of Ontario to bolster the supply chain for electric vehicles in North America. ...
Analysts say that while the recent feud between Hybe Entertainment and its sublabel Ador could result in short-term fluctuations in Hybe's stock prices, any long-term effects on Hybe's performance will be limited due to Ador's limited contribution to Hybe's overall performance. On Friday, shares o...
McDonald's Korea said Friday it will raise the prices of 16 menu items by an average of 2.8 percent from May 2 due to higher logistics and labor costs. The 16 menu items subject to price hikes include the Egg Bulgogi Burger, Bulgogi Burger, Cheese Burger and Triple Cheese Burger. But the prices of...
POSCO Future M, the battery materials unit of POSCO Holdings, said Friday it will set up a joint venture (JV) with Honda Motor in Canada mainly for the supply of a core battery material to the Japanese carmaker. The two companies have signed a memorandum of understanding to establish a joint compa...
Hyundai Motor to inject extra W1.3tr in Motional
Hugel to develop next-generation botulinum toxin product
Samsung Life Science Fund invests in US gene therapy firm
Hyundai Motor aims to lead hydrogen truck business in US
KASA chief vows full support for private-led space missions
Global X Canada debuts as Mirae Asset aims unified global ETF brand