-
Hanjin Group marks 80 years with Vision 2045 growth plan
Hanjin Group is expanding its eight-decade legacy under a renewed corporate identity ahead of its centennial in 2045, guided by a long-term vision for global leadership across logistics, aviation and mobility. At the group’s 80th anniversary ceremony on Thursday, Emily Cho, president and chief marketing officer of logistics arm Hanjin Logistics Corp., unveiled Group Vision 2045. The blueprint seeks to transform the company into a next-generation mobility solutions provider built on synergy betwe
Oct. 23, 2025 -
Global legal experts tackle construction contracts, claims at SCL conference in Seoul
The 11th International Society of Construction Law Conference opened this week at COEX in southern Seoul, bringing together global legal experts and industry leaders for three days of in-depth discussions on the evolving landscape of construction contracts, claims and dispute resolution amid sweeping changes in infrastructure development. Held under the theme “Bridging Past, Present and Future,” the three-day gathering — set to conclude Friday — has drawn more than 310 legal professionals, engin
Oct. 23, 2025 -
Hanwha teams up with Diehl Defence to expand radar exports to Europe
Hanwha Systems on Tuesday signed a memorandum of understanding with Germany’s Diehl Defence to collaborate on the supply and integration of its multi-function radar for Diehl’s air defense system, the IRIS-T SLM. Under the agreement, the two companies will pursue technological cooperation to integrate Hanwha Systems’ MFR with Diehl’s IRIS-T SLM, and jointly explore potential overseas markets. The IRIS-T SLM, or Infra-Red Imaging System Tail Surface-Launched Medium-range, is a surface-to-air miss
Oct. 23, 2025 -
Hanwha QCells to unveil AI energy system at APEC CEO Summit
Hanwha QCells, the solar power unit of Hanwha Solution, said Thursday it will present an AI-based data center energy management system at next week’s APEC CEO Summit 2025 in Gyeongju, North Gyeongsang Province. Park Young-choon, head of the company’s Grid & Energy Services division, will deliver a joint keynote with Microsoft Vice President Uli Homann on “AI for data-center energy management,” outlining a system in which AI autonomously optimizes power use and efficiency. A former executive at A
Oct. 23, 2025 -
Musinsa CEO makes BoF 500 list of global fashion leaders
Musinsa, South Korea’s largest online fashion platform, said Wednesday that its CEO Cho Man-ho has been named to The BoF 500 2025. The annual list by The Business of Fashion recognizes the most influential figures shaping the global fashion industry. BoF described Mr. Cho as "an innovative leader who led the global spread of K-fashion based on Korea's cultural power and built a new fashion business model by combining technology and community." Notably, Cho was the only fashion platform manager s
Oct. 23, 2025 -
Korean Air CEO Walter Cho joins WestJet board after $217m stake deal
Korean Air said Thursday it has completed its acquisition of an 11.02 percent stake and bonds in Kestrel Topco and Kestrel Holdings, the parent companies of Canada’s second-largest airline, WestJet, for $217 million. The South Korean flag carrier signed a share purchase agreement in May to acquire the stake in WestJet’s holding company, and has now finalized the transaction. The stake corresponds to a 10 percent ownership in WestJet. Delta Air Lines, one of the flag carriers of the United States
Oct. 23, 2025 -
KITA, Tennessee seek to deepen ties in EV supply chains
The Korea International Trade Association on Thursday held a roundtable with Tennessee Gov. Bill Lee in Seoul to discuss cooperation with Korean companies in the US state. “I hope that supply chain cooperation between Korea and the US in cutting-edge industries can be strengthened further through cooperation between Korean companies and the state of Tennessee, a key production foothold for global automakers that lead the electric vehicle transition in North America,” said KITA Chair Yoon Jin-sik
Oct. 23, 2025 -
Korean Air, Lockheed Martin team up on US aircraft maintenance
Korean Air said Wednesday it has partnered with Lockheed Martin to cooperate on maintenance and logistics support for US military aircraft, in a bid to strengthen the military’s operational capabilities in the Indo-Pacific region. According to the national flag carrier, the partnership framework, signed at the Seoul International Aerospace and Defense Exhibition 2025, calls for joint efforts to enhance the readiness and sustainment of US Air Force, Navy and Army assets deployed across the region
Oct. 22, 2025 -
APR's Medicube hits 5m global sales amid home beauty boom
Korean beauty company APR said Wednesday that its beauty device brand Medicube's AGE-R line has surpassed 5 million cumulative global sales as of September. The sales milestone comes four and a half years after the release of the brand's first device, the Derma EMS Shot, in 2021. Since the beginning of this year, AGE-R's sales growth has accelerated, fueled by rising global demand for home beauty devices and the popularity of K-beauty. After finishing 2024 with 3 million units sold, the company
Oct. 22, 2025 -
S&P lifts LG Electronics outlook to positive, first upgrade in three years
S&P Global Ratings on Tuesday raised LG Electronics’ credit rating outlook from BBB stable to BBB positive, marking the first upgrade in three years. The ratings agency said that the revision reflects robust performance in home appliances and automotive electronics, a large cash inflow from the initial public offering of its Indian subsidiary, and a turnaround at affiliate LG Display, in which LG Electronics holds a 36.72 percent stake. Regarding the change in evaluation from stable to positive,
Oct. 22, 2025 -
Musinsa unveils new brand identity
Musinsa, South Korea’s largest online fashion platform, on Wednesday unveiled a new store logo and brand identity scheme, its first change in seven years since 2018. The company stated the strategy is designed to separate the identity of its online and offline Musinsa Store from the overall "Musinsa Company." This move aims to enhance its image as Korea's leading fashion brand while highlighting its expansion into global regions. The redesigned logo features a thicker, more defined font, spellin
Oct. 22, 2025 -
New cybersecurity rules tighten grip on businesses
The Korean government on Wednesday unveiled a sweeping set of cybersecurity measures aimed at preventing hacking and data leaks, following a string of major breaches at telecommunications and financial firms. Though the plan underscores national urgency, it is already drawing concern from industry officials who say it shifts too much responsibility — and risk — onto the private sector. Led by the National Security Office, the initiative brings together key ministries, including the Ministry of S
Oct. 22, 2025 -
British hedge fund urges LG Chem to unlock value
London-based hedge fund Palliser Capital publicly demanded that LG Chem resolve its market discount, revealing it holds a stake of over 1 percent in the South Korean chemical materials manufacturer. Palliser disclosed its ownership in the company during a presentation held at a hedge fund activism conference in New York on Tuesday, marking the first time the fund has gone public with its engagement with LG Chem. It further defined itself as a "long-term" investor of LG Chem and one of its top 10
Oct. 22, 2025 -
Korea Zinc secures Australia’s approval on $713.8m ESS, solar project
Korea Zinc’s Brisbane-based renewable energy arm, Ark Energy, has secured the Australian government’s approval for its AU$1.1 billion ($713.8 million) battery energy storage system and solar power project, expanding its global footprint across the clean energy market. According to Korea Zinc on Wednesday, Ark Energy’s proposed Richmond Valley battery ESS (BESS) and solar power project has received planning approval from the New South Wales state government. With the green light secured, Ark Ener
Oct. 22, 2025 -
Citi Foundation supports JA Korea’s youth employment initiative
Citi Foundation, the philanthropic arm of global banking giant Citigroup, has selected JA Korea as the local recipient of its annual funding program, recognizing its commitment to improving youth employment, Citibank Korea announced Wednesday. The Global Innovation Challenge provides support to community organizations that are developing innovative solutions to social and economic challenges facing low-income communities around the world. This year, the program recognized 50 community organizati
Oct. 22, 2025