K-Beauty’s diversification of export products and destinations has been evident. The continued success of products like color cosmetics since last year, and a decreasing dependence on China in favor of exports to a variety of other countries, has been a notable trend.According to the Korea Customs S
To mark the 1st anniversary of the renewal launch of the dining membership program 'TASTE by Four Seasons', Four Seasons Hotel Seoul is pleased to offer a 'Partner Card Issuance' promotion, allowing members to enjoy membership benefits with a family member or friend, from April 1st to June 30th, 202
Lotte Group has revealed its determination to achieve operational efficiency through selection and concentration and to enhance corporate value by restructuring its business structure.At the 57th regular shareholders’ meeting of Lotte Holdings held at Lotte World Tower in the Songpa district of Seou
On the occasion of its 40th anniversary, Pulmuone has expressed its determination to grow into the global number one “sustainable food company.”On March 28, the company held the “2024 Pulmuone Open Shareholders’ Meeting” at the Science and Technology Convention Center in the Gangnam district of Seou
Samsung Display Executive Director Jung Seok-woo announced plans to expedite the production of RGB-based micro OLEDs at the OLED Korea conference held at the K Hotel in Seoul on March 28.During his presentation on the Development Strategy for AR/VR in Future Displays, Jung emphasized the collaborati
Amid the payment of massive subsidies by the United States and Japan for the revival of the semiconductor industry, the government has decided to review the provision of subsidies to the nation’s high-tech industries, including semiconductors. This marks the first official mention by the government
There is a prospect that a new era will open in three years where the entire population of 50 million people across the nation can receive anything with a day of ordering it with free shipping.On March 27, Coupang announced its intention to expand its Rocket Delivery service to encompass the majorit
LG Group has decided to invest approximately 100 trillion won domestically over the next five years. This figure represents a slight decrease from previous investments, with half of it allocated for artificial intelligence (AI), biotechnology, and batteries.On March 27, LG Corporation, the holding c
In an interview conducted on March 25 at the Pascucci Centro Seoul branch in the Jung district of Seoul, Chairman Mario Pascucci stated there is no bakery franchise of significant scale in Italy that can compete with Paris Baguette, expressing a strong desire to launch Paris Baguette in Italy as soo
Jo Seong-jin, CEO of LG Electronics, announced on March 26 that the company is seeking investment opportunities in adjacent industries, revealing plans for mergers and acquisitions.During the regular general shareholders’ meeting held at the LG Twin Towers in Yeouido, Seoul, CEO Jo stated, “After an
SK on, a leading global electric vehicle battery manufacturer, announced today it signed a memorandum of understanding (MoU) with the Italian luxury sports carmaker Ferrari to reinforce partnership and lead innovation in cell technology.SK on Chief Executive Officer Lee Seok-hee, Ferrari Chief Execu
As Korean battery companies are struggling amid slowing growth in the global electric vehicle market, they are expected to improve their profit margins despite falling sales in 2024.“This year, LG Energy Solution and Samsung SDI are expected to maintain profit margins in the 5 percent range, while S
LG Chem is seeking solutions to revive its struggling petrochemical business. Splitting the petrochemical business and attracting foreign investments from the Middle East to create a joint venture are among the scenarios being discussed.Vice Chairman Shin Hak-cheol of LG Chem responded to reporters’
Moon Hyuk-soo, the CEO of LG Innotek, announced on March 21 that the company is planning to increase its current automotive electronics (electronic systems) sales from 2 trillion won to 5 trillion won within the next five years.After being appointed as an inside director at the regular general meeti
The Ministry of SMEs and Startups announced on March 21 that it will be holding the “On-device AI Ultra-differential Challenge” launch ceremony at the Josun Palace Hotel in the Gangnam district of Seoul in collaboration with LG Electronics, Microsoft Korea, and Intel Korea. This event marks the begi
Samsung Engineering has changed its name to Samsung E&A.Samsung Engineering held its 57th Annual General Meeting of Shareholders at its Global Engineering Center (GEC) in the Sangil neighborhood of Gangdong district in Seoul on March 21. In the meeting, the company announced that an agenda on making
This March, Four Seasons Hotel Seoul takes centre stage as an official partner of the prestigious Asia’s 50 Best Restaurants 2024, which comes to the Korean capital for the first time. Securing its place as a gastronomic hotspot in the city’s thriving culinary scene, the contemporary Gwanghwamun hot
POSCO Holdings, the holding company of POSCO Group, elected Chang In-hwa as its chairman in a general shareholders meeting and a Board of Directors meeting at the POSCO Center in the Gangnam district of Seoul on March 21. Chang will serve a three-year term.Tough challenges are facing Chang, who star
SG is a leading domestic asphalt concrete maker. We expect to see: 1) significant improvement in public procurement orders following the end of regulations on SMEs; 2) market share expansion for the firm’s ecosteel asphalt concrete; and 3) benefits for the newly established Ukrainian subsidiary afte
On March 15, Chong Kun Dang announced that as part of the Harvard Business School's 'Korea Trek 2024' program, 55 students visited its headquarters on March 13th.The Harvard Business School Korea Trek is a training program that introduces students to Korean culture, society, industry, and history. I