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Shinsegae Group Chairman Chung Yong-jin issued a formal, personal apology on May 26, 2026, following intense public backlash
South Korea-based Bear Robotics, a subsidiary of LG Electronics, is accelerating its global expansion in service robotics with
South Korea said late on May 21 local time that it would freeze government-imposed fuel price caps for
Workers at Samsung Electronics, South Korea’s largest company and one of the world’s dominant memory-chip manufacturers, began voting
For decades, South Korea’s path to wealth was defined largely by one asset: real estate, particularly apartments in Seoul. Now, that formula is undergoing one of its most significant transformations in modern economic history. Fueled by a powerful semiconductor supercycle, surging equity markets and the rapid expansion of artificial-intelligence investment, South Korea is experiencing a broad reallocation of wealth from
Photo=Samsung Samsung Electronics on May 14 said it is expanding its AI-powered digital health ecosystem as South Korea’s recreational running culture accelerates, with participation rising roughly 60% over the past year amid what is being described as a “10 million runner” era. The company is positioning its Samsung Health platform, built on more than 14 years of development, as a
Photo=Motionelements South Korea’s antitrust regulator said on May 14 local time that it imposed a roughly $430000 fine on the Korea Egg Producers Association over allegations that the organization coordinated benchmark egg prices among member farms, while the government separately moved to review whether the group should be dissolved. The Korea Fair Trade Commission said the association regularly determined wholesale
More than two years after the war in Ukraine triggered one of the largest corporate withdrawals from Russia since the Cold War, many multinational companies that publicly exited or sharply reduced operations are still quietly preserving one critical asset inside the country: their brands. For global corporations ranging from South Korea’s Hyundai Motor, Samsung Electronics and LG Electronics to Western
Photo=Woowa Brothers Delivery Hero SE is exploring a sale of Woowa Brothers Corp., the operator of South Korea’s top food-delivery app, in a deal that could value the unit at approximately $5.8 billion. The Berlin-based delivery giant has reportedly tapped J.P. Morgan to manage the sale and has begun reaching out to potential suitors, including global private equity firms and
