economy
LS Cable & System and its subsidiaries, including Gaon Cable, LS Eco Energy, LS Materials, and LS Marine Solutions, plan to significantly expand their offshore wind power-related business. The expansion,…
The Born Korea, led by CEO Baek Jong-won, is taking corrective measures following controversy over excessive origin labeling on receipts from the coffee franchise Paik’s Coffee. The company stated that…
Nongshim has reselected Yoo Jae-suk as the advertising model for Baehongdong, marking his fifth consecutive year since the brand’s launch in 2021. A new advertisement featuring Yoo Jae-suk will be…
Hyundai Motor Company and POSCO are focusing on localization strategies in response to US tariff pressures. Hyundai is considering negotiations with Trump over its investment in a new US factory,…
Daemyung Sono Group is set to reshape South Korea’s aviation industry through the acquisition of T’way Air for 250 billion won and a stake in Air Premia. The first shareholders’…
Korean Air plans to import aircraft and engines worth 48 trillion won from Boeing and GE Aerospace to boost its future competitiveness. The deal includes the introduction of 20 units…
Gwacheon City is accepting applications for its ‘Social Economy Startup Education for 2025’ program until April 15th. The program, aimed at citizens interested in starting a social economy enterprise, will…
The city of Anyang has initiated a ‘Youth Challenge Support Project’ to aid young people who have abandoned job seeking to re-enter the labor market. The 25-week program, which runs…
South Korean commercial banks, including KB Kookmin, Shinhan, Hana, and Woori Bank, are increasingly targeting ultra-high-net-worth individuals, expanding their Private Banking (PB) centers for clients with assets over 3 billion…
The number of marriages in Korea surpassed 200,000 for the first time in four years in 2024, according to the ‘2024 Marriage and Divorce Statistics’ released by the Statistics Office.…