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News
K-beauty CEOs join Lee’s Brazil trip in Latin America growth push
1+ hour, 51+ min ago (517+ words) Amorepacific, APR, Goodai Global and Silicon2 eye retail expansion amid closer regulatory ties South Korea's top beauty executives are accompanying President Lee Jae Myung on his state visit to Brazil through Wednesday, as K-beauty makes its deepest inroads yet into Latin…...
Chip boom lifts Korea's income growth to 38-year high
4+ day, 2+ hour ago (600+ words) Stronger chip prices lift real GDI, put 3% annual growth within reach South Korea's economy extended its growth in the second quarter, weathering oil price volatility sparked by conflict in the Middle East, as robust chip exports fueled the expansion. According…...
SC Bank Korea opens second Priority Private Center in Dogok
5+ day, 1+ hour ago (302+ words) Standard Chartered Bank Korea said Wednesday it has opened its second Priority Private Center in Dogok-dong, southern Seoul, as part of efforts to strengthen its wealth management business for high-net-worth clients. The Dogok Priority Private Center, which serves clients with…...
AmCham Korea expands US outreach with new K-Doorknock program
5+ day, 3+ hour ago (280+ words) The American Chamber of Commerce in Korea said Wednesday it concluded its annual Washington Doorknock mission after four days of high-level meetings in Washington from July 13 to 16. The delegation held more than 30 meetings with senior officials from the US administration,…...
Mirae Asset boosts Korbit stake to over 97%
5+ day, 3+ hour ago (274+ words) Mirae Asset Consulting, an affiliate of Mirae Asset Financial Group that oversees the group's hotel and golf course businesses, is set to boost its planned ownership of cryptocurrency exchange Korbit to 97 percent from 92 percent. According to a revised regulatory filing…...
Foreign sales jump 137% at GS25 stores in coastal tourist spots
6+ day, 1+ hour ago (367+ words) Foreign payment revenue at GS25 convenience stores in popular coastal destinations across South Korea jumped 136.9 percent year-on-year between July 1 and Sunday, the company said Tuesday. The figure was based on GS25's analysis of transactions made by foreign customers at about 100 stores…...
Homeplus takes another shot at revival
1+ week, 1+ hour ago (297+ words) Backed by W200b loan from Meritz, Korean retailer appeals court decision to terminate rehabilitation proceedings Homeplus said Monday it has filed an appeal with the Seoul Bankruptcy Court against the latter's decision to terminate the retailer's corporate rehabilitation proceedings as it…...
BOK sets first rate hike in 3 years
1+ week, 4+ day ago (731+ words) Central bank pivots to monetary tightening to curb inflation, signaling more hikes ahead The Bank of Korea raised its benchmark interest rate for the first time in more than three years on Thursday, as stronger-than-expected economic growth provided the central…...
BOK hikes rate after yearlong pause
1+ week, 4+ day ago (376+ words) The Bank of Korea on Thursday raised its benchmark interest rate for the first time since May 2025, ending a pause in monetary policy that had persisted for more than a year, as mounting inflationary pressures and the prolonged weakness of…...
'Mongtan': Mongolian capital wrapped in Korean food, retail brands
1+ week, 4+ day ago (742+ words) From convenience stores to beer and coffee, Korean brands feed young capital's love of K-culture The capital of Mongolia, Ulaanbaatar, has earned the Korean nickname "Mongtan," a mashup of Mongolia and Dongtan, the large planned city south of Seoul. Home…...