In 2023, about 20 percent of the 1.43 million resident foreigners in Korea obtained Korean language proficiency test ratings. The biggest share was taken by international students studying in Korea among them. The largest number of them earned a Level 4 rating.According to the results of the 2023 Im
SPC Group’s Paris Baguette will break into Latin America.According to industry sources on April 9, Paris Baguette has begun to enter the Mexican market through its U.S. subsidiary. This means that the Korean bakery giant will penetrate the Latin American market for the first time.Paris Baguette is l
SPC Group’s bakery brand, Paris Baguette, announced on April 2 the opening of its 20th store in Singapore, located at Square 2.The new Singapore Square 2 store is situated on the first floor of the Square 2 shopping mall, which is connected to Novena Station. The Square 2 shopping mall is a complex
On Feb. 23, KB Kookmin Bank held the grand opening ceremony of KB Prasac Bank in Phnom Penh, the capital city of Cambodia.Approximately 700 individuals attended the event, including the Governor of the National Bank of Cambodia Chea Serey and the Ambassador of Cambodia to Korea Chring Botum Rangsay
FILA announced on Feb. 23 that it has successfully installed water filtration systems at several health centers in Cambodia’s Ratanakiri province to contribute to improved living standards for local residents in one of the Southeast Asian country’s most marginalized regions.In line with its key soci
Hanjin announced on Jan. 26 that it will expand its overseas bases to a total of 42 this year to foster its global business.This year, Hanjin will establish 17 subsidiaries and a total of 42 bases in 22 countries including Thailand, Bangladesh, Morocco, and Hungary to build a logistics network conne
Paris Baguette, the bakery brand of SPC, has continued its global marketing efforts by launching an advertisement in the heart of New York City’s Times Square ahead of Christmas. This move comes after Paris Baguette had previously operated a Korean-language advertisement at the stadium of the French
The number of foreign residents in South Korea exceeded 1.4 million for the first time as the number of foreigners with E-9 visas working in non-professional jobs and international students increased due to the COVID-19 endemic. If including naturalized immigrants who have acquired South Korean citi
It has been revealed that the overseas subsidiaries of the top four domestic commercial banks achieved high performances in the third quarter of this year compared to the previous year.With the lifting of the COVID-19 lockdown in China, KEB Hana Bank and KB Kookmin Bank saw notably significant incre
The Korea Startup Forum (Chairman Jae-Wook Park, hereinafter referred to as KSF), the organizing organization of the global startup festival COMEUP, announced that COMEUP 2023, which was held at Dongdaemun Design Plaza (DDP) for three days from November 8 to 10, attracted about 66,000 people. It was
On Oct. 22, KT announced a collaboration with Thailand’s leading ICT company, Jasmine Group, to utilize KT’s “Mi:dm” super-scale AI for the construction of a Thai Large Language Model (LLM) and joint commercialization in Southeast Asia. This marks the first time a domestically produced super-scale A
Lotte Group’s Chairman Shin Dong-bin is focusing on the international market with the grand opening of the “Lotte Mall West Lake Hanoi” in Hanoi, Vietnam, set for Sept. 22 (local time). Covering an area of approximately 354,000 square meters, the shopping mall is equivalent to the size of 50 soccer
In a collective move to fortify the digital skills pipeline, Huawei, the ASEAN Foundation, and the Southeast Asia Ministers of Education Organization (SEAMEO) today hosted the Seeds for the Future Summit 2023. Under the theme "Connect, Cultivate, Contribute for Inclusive Digital Talent Growth in Asi
AiiTONE pushed forward the establishment of the branch in Korea with the UAE Royal Family. It is the first time to build the Royal Family Office in overseas countries.Bruce Jeong, the chairman of Middle Investment said at a press meeting held at Josun Palace Gangnam-gu, Seoul on the afternoon of the
Chinese companies that have been exporting solar cells and modules to the United States through Southeast Asia are facing a “tariff bomb” from the U.S. Department of Commerce. Hanwha Q CELLS, the solar division of Hanwha Solutions, based in Malaysia, stands to benefit from these tariffs.On Aug. 18,
The overseas performances of major commercial banks have improved in the first half of this year. The improvement in performance in China and Southeast Asian subsidiaries has supported this trend.In the first half of this year, the four major commercial banks collectively recorded a net profit of 60
KB Kookmin Bank announced that it has received final approval from the Ministry of Commerce in Cambodia for the launch of the integrated commercial bank “KB PRASAC BANK PLC.”KB Kookmin Bank received a permit for the launch of an integrated commercial bank through the merger of two overseas subsidiar
As Vietnam, South Korea's third-largest export market, faces an economic downturn, Korean companies are taking direct hits. Critiques are emerging about the urgent need for countermeasures, as Vietnam accounts for half of the exports to the Association of Southeast Asian Nations (ASEAN).Accordin
The Korean Ministry of Employment and Labor has decided to increase the number of foreign workers in Korea to 110,000 in 2023, up from 50,000 to 60,000 a year for the past five years. This is the largest number since the introduction of the Employment Permit System for foreign workers in Korea.The E
Korean credit card companies are growing fast in Southeast Asia. KB Card has risen to the top of the local car installment market share standings in Cambodia since making a foray into the country four years ago. Shinhan Card is also earning billions of won from its installment business in Vietnam an