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BUSINESS

BUSINESS

Amazon to support K-beauty’s global expansion

Amazon Global Selling Korea said it will deepen its involvement in the K-beauty industry by launching a new initiative aimed at offering a broader...
BUSINESS

Cass becomes Olympics’ first Korean beer sponsor with Paris Games

Oriental Brewery's (OB) Cass beer has become the first Korean alcohol brand to partner with the Olympics as a sponsor of the upcoming 2024...
BUSINESS

KakaoBank launches no-fee dollar deposit service for global use

KakaoBank has introduced a no-fee dollar deposit and exchange service, named “Dollar Box,” the latest in a series of foreign currency exchange offerings launched...
BUSINESS

At least 22 confirmed dead in fire at Hwaseong battery factory

At least 22 fatalities were confirmed as of 6:30 p.m. on Monday after a devastating fire at a battery plant in Hwaseong, Gyeonggi. According to...
BUSINESS

South Korea relaxes visa requirements, new visa categories to attract foreign talent

The Korean government announced a set of plans to relax visa requirements in a bid to attract more foreign talent into various sectors of...
BUSINESS

SK Telecom’s ‘quantum cryptography’ chip to roll out next week

Korean mobile carrier SK Telecom will commercialize its next-generation quantum cryptography chip next week, the industry's first that can simultaneously generate unpredictable encryptions and...
BUSINESS

Court partially corrects errors in SK chairman’s divorce ruling, keeps settlement

Seoul's high court on Monday partially corrected the ruling in the divorce between SK Group Chairman Chey Tae-won and his estranged wife, Roh Soh-yeong,...
BUSINESS

Celine posts explosive growth in Korea as Louis Vuitton, Rolex underwhelm

The four most popular luxury brands in Korea — Hermès, Chanel, Louis Vuitton and Dior — saw a decline in operating profit last year,...
BUSINESS

SK Telecom launches AI-powered advertising platform with U.S. startup Moloco

SK Telecom’s employees are operating ASUM 2.0. SK Telecom said Monday that it would launch the AI-based advertising platform ASUM 2.0 in partnership with U.S....
BUSINESS

Korea’s KTX makes first overseas export deal with Uzbekistan

Korea's high-speed railway, the KTX, is set for its first overseas export to Uzbekistan. Hyundai Rotem signed a $200 million contract on Friday to export six...
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