Photo=CJ CheilJedang South Korean food companies are ramping up their Middle Eastern expansion, leveraging President Lee Jae-myung’s state visit to the United Arab Emirates to deepen partnerships with local distributors and capture surging demand for K-food. CJ CheilJedang said Wednesday that it signed a memorandum of understanding with Al Khayatt Investments, a major consumer-goods distributor in the UAE, during the

(Photo=Costco) Costco, the membership-based warehouse retailer known for bulk-value pricing and limited-store formats, posted one of its strongest overseas performances this year with $4.9 billion in revenue from its South Korean business for the fiscal year ending September 2025, up more than 12 percent from the previous period. Operating profit increased, while net income dipped slightly to $140 million. The

(Photo=Office of the President of the Republic of Korea) South Korea and the United Arab Emirates have signed a sweeping long-term cooperation pact that could shift competitive dynamics in several global industries closely followed by U.S. investors, including nuclear energy, defense manufacturing and artificial intelligence infrastructure. Framed by South Korean President Lee Jae-myung and UAE President Mohammed bin Zayed as

(Photo=Hyubdai Motor Group) Hyundai Motor Group Executive Chair Chung Euisun said the company expects a more stable operating environment in the United States starting in 2026, following an agreement between Washington and Seoul that clarifies how tariffs on Korea-built vehicles will be applied. Speaking at a business roundtable in Abu Dhabi, Chung said the formalized timeline gives the automaker greater

Photo=Motionelements Investor sentiment in the crypto market has deteriorated sharply in November, pushing nearly $1.8 billion out of BlackRock’s spot Bitcoin ETF in just the first 18 days of the month. According to data cited by CoinDesk on Nov. 19, BlackRock’s fund recorded $1.26 billion in net outflows between Nov. 1 and 18 — the largest monthly withdrawal since the ETF debuted