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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
(Photo=Gemini_Generated_Image) The surge in global oil prices triggered by the Middle East conflict is beginning to fracture Asia’s post-pandemic travel boom, with South Korea’s low-cost airline industry emerging as one of the clearest early casualties. South Korean budget carriers have cut roughly 900 international round-trip flights over the past two months as jet fuel costs soared and travelers pulled back
Photo=Homeplus Homeplus, one of South Korea’s largest big-box retailers, has agreed to sell its supermarket subsidiary Homeplus Express to NS Shopping, an affiliate of Harim Group, for 120.6 billion won ($87 million) in a major step toward restructuring the debt-laden retailer under court supervision. The transaction marks one of the most significant asset disposals yet for Homeplus, which has spent
Photo=Samsumg Samsung Electronics Chairman Jay Y. Lee has cemented his position as South Korea’s richest business figure after a rally in semiconductor shares driven by artificial-intelligence demand pushed the combined market value of the Samsung family’s holdings above $73 billion Market tracker FnGuide said on May 7 local time that the value of Mr. Lee’s holdings in listed Samsung affiliates
(Photo=Hyundai Motor) Hyundai Motor Company, South Korea’s largest automaker and the parent company of Kia, is expanding its electric-vehicle push in Indonesia as the Southeast Asian nation rolls out new subsidies aimed at accelerating EV adoption and reducing dependence on imported fuel, highlighting how South Korean automakers are positioning themselves early in one of the world’s fastest-growing EV markets. Indonesia
(Photo=KT&G) As smoking rates fall across developed economies and regulatory pressure intensifies worldwide, South Korea’s largest tobacco company is increasingly repositioning itself around emerging markets as it seeks new avenues for long-term growth. KT&G, long dominant in its home market, is accelerating its strategic pivot away from domestic dependence and toward Southeast Asia, Central Asia and Latin America—regions where tobacco
