(Photo=Golar LNG) Samsung Heavy Industries is on the verge of signing a contract with Norway’s Golar LNG to build a floating liquefied natural gas (FLNG) facility. The deal, which involves supplying an FLNG capable of producing up to 5.4 million tons of LNG annually, is expected to further solidify the South Korean shipbuilder’s leading position in the global market. According

(Photo=Jongga) South Korea’s top kimchi brand, Jongga, will make its mark at the renowned music and arts festival "Head in the Clouds: Los Angeles 2025" (HITC LA 2025) as part of its strategy to expand its global influence in North America, a rapidly growing market for K-food. The festival, co-hosted by global media company 88rising and concert promoter Goldenvoice, is

Photo=Traceloop Samsung Next, the investment arm of Samsung Electronics, has invested in Traceloop, a startup specializing in generative AI monitoring technology. Traceloop announced on the 28th that it had completed a $6.1 million seed funding round. The round was co-led by Sorenson Capital and Ibex Investors, with participation from Samsung Next and Y Combinator. Based in Israel, Traceloop develops monitoring

(Photo=HomePlus) Several South Korean food companies have suspended product deliveries to Homeplus, a major local retail chain currently undergoing court-led corporate restructuring. Binggrae, a leading Korean dairy and snack manufacturer, halted deliveries to Homeplus on May 24, citing unresolved negotiations over contract terms. This marks Binggrae's first such suspension, even though the company had continued supplies when Homeplus initially filed

(Photo=Pixabay) South Korea will freeze raw milk prices again this year, marking the second year in a row without a price change. On May 27, the Korea Dairy Committee-a group comprising dairy farmers and milk processors-announced there would be no negotiations in 2025. The decision was based on the fact that production costs rose only 1.5% last year, below the