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Jin Air to expand SE Asia, Oceania routes
South Korea’s budget carrier Jin Air said on Friday that it will resume and expand its international flights for the…
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Korean ramen makers set sights on Latin America beyond US
Nongshim’s Shin Ramyun is the top-selling Korean ramen worldwide Nongshim Co. and Samyang Foods Co., South Korea’s two largest ramen…
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Korean retailers ramp up fulfillment centers to hold AliExpress in check
A bird’s-eye view of BGF Retail’s logistics center in Busan, Korea South Korea’s leading retailers, including Coupang Inc., are ramping…
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Nongshim to build factory for export-only ramen in Korea
South Korea’s instant noodle giant Nongshim Co. will build a plant dedicated to producing ramen, or ramyun, for exports at…
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Korean IT giants drop fandom platforms, help HYBE dominate
BTS concert in Busan, South Korea, on Oct. 15, 2022 (File photo by Big Hit Music, HYBE’s wholly-owned subsidiary) South…
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Korea to punish copper scrap traders for illegal exports
A Busan Regional Customs official inspects seized copper scrap from traders at a port in Busan (Courtesy of the Busan…
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Korea’s airline firms plagued by elevated fuel costs, strong dollar
Korean Air and Asiana’s aircraft (Courtesy of Yonhap) South Korea’s six listed airline companies have posted worsening profitability in the…
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Hyundai to develop EREV powertrain for electric pickup, Santa Fe, GV70
Hyundai Motor’s Santa Cruz pickup South Korea’s top automaker Hyundai Motor Group is developing a next-generation powertrain, known as a…
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Jin Air to launch daily flights on Busan-Nagoya route
South Korea’s low-cost carrier Jin Air announced on Friday that it will launch a new route between Busan and Nagoya,…
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KOGAS executes first simultaneous LNG bunkering in Korea
South Korea’s state-run Korea Gas Corp. (KOGAS) said on Friday that its subsidiary, Korea LNG Bunkering, successfully carried out the…
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PE firms seek to buy Korean explosives maker for $218 mn
Koryo Nobel Explosives’ industrial explosive New Superemulsion Star (File photo, courtesy of Koryo Nobel) A private equity consortium seeks to…
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Dongkuk buys Aju Steel to create No.1 color coated steel maker
Dongkuk CM’s employees inspect color coated steel sheets at the company’s steek mill in Busan, South Korea Dongkuk Coated Metal…
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South Korean stock market crashes; more falls ahead
The Kospi suffers the biggest point loss in its history on Aug. 5, 2024 The South Korean stock market was…
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Jeju Air seeks M&A, igniting a race for top place in Korean LCC market
Jeju Air’s B737-800 aircraft Jeju Air Co., a leading South Korean low-cost carrier (LCC), will likely seek acquisition and merger…
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Renault Korea begins mass production of Grand Koleos
Renault Korea announced on Tuesday that it has started mass production of the D-segment hybrid sports utility vehicle (SUV) New…
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Kia reveals teaser of Tasman development process
Kia Corp., South Korea’s second-largest automaker, released One More Round, a teaser video series of its first pickup truck The…
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Jollibee to acquire Korea’s Compose Coffee in $340 mn deal
Compose Coffee ad featuring BTS member V (File photo, courtesy of Compose Coffee) Jollibee Foods Corp., the Philippines’ largest fast-food…
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Duty-free stores: No more golden goose for Korean retailers
A Lotte Duty Free store in downtown Seoul South Korea welcomed a record-high number of post-pandemic foreign tourist arrivals for…
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Korean food firms chase sizzling K-food demand with expansion
Nongshim booth at Korea Expo 2024 in Paris on May 24, 2024 (Courtesy of News1 Korea) South Korean food companies…
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Coupang fined $102 mn for alleged search algorithm manipulation
Coupang Inc., South Korea’s largest e-commerce platform, was fined 140 billion won ($102 million) on Thursday for allegedly manipulating search…
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Hyundai Motor releases Casper Electric teaser images
Hyundai Motor Co. on Tuesday released a teaser image of the electrified model of its first city sports utility vehicle…
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Mom’s Touch opens new flagship store in Myeongdong
South Korean homegrown burger and chicken brand Mom’s Touch & Co. announced on Tuesday that it opened a new flagship…
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Wework closes major office in Seoul for restructuring
WeWork Euljiro (File photo, courtesy of WeWork Korea) Coworking space operator WeWork Inc. is slated to shut down a major…
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Korea’s exports at 22-month high in May on chips, cars
Container terminals at the Port of Busan, South Korea (File photo, courtesy of News1) South Korea’s exports hit a 22-month…
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BOK sees rate cut timing more uncertain, lifts growth forecast
Bank of Korea Governor Rhee Chang-yong at a press conference after the central banks keeps interest rate on May 23,…
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HD Hyundai Marine Solution builds ship smartcare center in Busan
South Korea’s HD Hyundai Marine Solution Co. established an HD SmartCare Busan Center for ship lifecycle management services and begun…
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Hotel Lotte resumes global push with management deals
Lotte World Tower in which Signiel Seoul is located (Courtesy of Hotel Lotte) Hotel Lotte Co., South Korea’s leading hospitality,…
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Nongshim to open store at Leclerc, Carrefour; expands plant in US
Nongshim’s flagship Shin Ramyun displayed on an advertisement board at a bus stop in the Netherlands Nongshim Co., a leading…
