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KT&G, the nation’s largest tobacco company, said Thursday its cigarette sales hit a new record in the third quarter, largely buoyed by overseas sales. In the July-September period, the company reported 1.04 trillion won ($780 million) in cigarette sales, up 7.7 percent from a year ago and the hig...
South Korea’s Supreme Court has decided to consider another aspect of the SK Group chairman’s bid to overturn the country's most expensive divorce suit, opening up the possibility for the head of Korea’s second-largest conglomerate to reduce the size of the settlement. On Saturday, the justices...
Singapore’s ARA Asset Management is reportedly in talks with Brookfield Asset Management to acquire the International Finance Center Seoul, one of South Korea's largest mixed-use commercial properties, according to sources Friday. Following its purchase of the Conrad Seoul Hotel in August, ARA is...
South Korean top tobacco company KT&G has rejected a recent proposal from the Singapore-based activist private equity fund Flashlight Capital Partners to acquire Korea Ginseng Corporation, a KT&G affiliate. In a move to turn down Flashlight Capital Partners' bid, KT&G issued a statement Friday and...
Starbucks Korea will open a new outlet this month, just 1.4 km away from North Korea. The store will be located on the second floor of the observatory at Aegibong Peace Ecopark in Gimpo, Gyeonggi Province. Aegibong, a 154-meter peak, offers a direct view of North Korea’s Kaepung County and Songa...
Posco Group is reportedly considering selling its stainless steel plant in Zhangjiagang, China, as part of a broader restructuring initiative led by Chairman Chang In-hwa to streamline 125 low-profit and non-core assets. According to industry sources Friday, Posco is in the process of selecting an...
By Moon Joon-hyun ( mjh@heraldcorp.com )
Krafton is actively working to diversify its lineup with new games across a range of genres and platforms. Upcoming titles include inZOI, Dark and Darker Mobile, Subnautica 2, Project ARC, and Dinkum Together. Project ARC and Dinkum Together will be shown for the first time at G-Star, a major upcom...
Hyundai Motor Group has outpaced Volkswagen Group in the third-quarter profit, edging closer to claiming the world’s second-largest carmaker title this year for the first time. From June to September, Hyundai Motor Company, Kia and Genesis posted 69.4 trillion won ($49.7 billion) in sales revenue...
Korean automakers and battery-makers now face the daunting task of coping with a second Donald Trump administration, as they try to prepare various measures to weather the storm of uncertainties expected from the next president of the United States. Throughout his election campaign, Trump has open...
Choi Jae-boong, a professor of mechanical engineering at Sungkyunkwan University, shared a similar view on India’s potential in the digital era, highlighting the role of artificial intelligence in reducing costs and increasing business scalability. Choi emphasized that digital transformation enab...
The Korea Agro-Fisheries & Food Trade Corp., known as aT, announced on Thursday that it has been recognized by the Korea Consumer Association for its excellence in consumer-friendly administration. aT, a government agency responsible for promoting the trade, export and marketing of Korean foods an...
South Korean contract development and manufacturing organization Lotte Biologics said Thursday that it offers job opportunities without specific qualification requirements in its year-round internship program. The Open Innovation Internship is open to anyone, regardless of gender, nationality, age...
Celebrity chef Paik Jong-won’s franchise company Theborn Korea made a strong debut on the Kospi market Wednesday as investors endorsed his affordable food brands and his popularity grew globally, with a recent Netflix series giving further tailwind to his business. Theborn Korea saw its shares tr...
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