SEOUL, Aug. 22 (Korea Bizwire) — Starbucks Korea said Friday its total number of outlets is “on track” to top 2,100 by year-end, underscoring the U.S. coffee chain’s continued growth in Asia’s fourth-largest economy. The Seattle-based coffee giant opened its first store near Ewha Womans University in Seoul in 1999 through a partnership with local [...]
JEJU, Aug. 22 (Korea Bizwire) — In a bid to modernize one of South Korea’s most iconic agricultural industries, the Jeju Agricultural Research and Extension Services announced Friday it has formally introduced an artificial intelligence (AI) and 3D modeling system to predict tangerine harvests more accurately. For decades, yield forecasts for Jeju’s signature citrus crop relied [...]
SEOUL, Aug. 20 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering (HD KSOE) Co. said Wednesday it has signed a 290 billion-won (US$207 million) agreement to purchase Doosan Enerbility Co.’s Vietnam subsidiary. Under the deal, HD KSOE will take over all shares of Doosan Vina owned by Doosan Enerbility, the South Korean shipbuilder said [...]
SEOUL, Aug. 14 (Korea Bizwire) — South Korea’s top container shipper, HMM Co., said Thursday it will buy back and cancel its own shares worth 2.14 trillion won (US$1.54 billion) as part of its shareholder return policy. In a regulatory filing, the company said it will repurchase roughly 81.8 million shares, or 7.98 percent of [...]
SEOUL, Aug. 13 (Korea Bizwire) — HD Hyundai, South Korea’s leading shipbuilding group, said Wednesday that senior government officials from South Korea and the United States visited its shipyard to discuss ways to expand bilateral cooperation in the shipbuilding sector ahead of a summit between their top leaders. Foreign Minister Cho Hyun; Joseph Yun, acting [...]
SEOUL, Aug. 13 (Korea Bizwire) — Financially troubled discount store chain Homeplus Co. said Wednesday it will close 15 outlets as part of emergency management measures amid a worsening business environment. Homeplus has been under a court-led rehabilitation program since March, when two local credit rating agencies downgraded its corporate bonds from A3 to A3-, [...]
SEOUL, Aug. 12 (Korea Bizwire) — Foreign Minister Cho Hyun will visit HD Hyundai Heavy Industries Co.’s shipyard with Joseph Yun, the acting U.S. ambassador to South Korea, this week to explore ways to expand bilateral cooperation in the shipbuilding sector, the foreign ministry said Tuesday. Cho and Yun plan to visit the shipyard in [...]
JEONJU, Aug. 8 (Korea Bizwire) — Goat meat is emerging as a popular summer health food in South Korea, with demand surging during the traditional “boknal” season—hot summer days when Koreans consume energy-boosting dishes to combat fatigue, the Rural Development Administration (RDA) said Thursday. According to statistics from the Animal and Plant Quarantine Agency, approximately [...]
SEOUL, Aug. 6 (Korea Bizwire) — POSCO E&C, the construction arm of South Korea’s leading steelmaker POSCO Group, said Wednesday it has begun an emergency management system and temporarily suspended new orders in its infrastructure business following a series of fatal industrial accidents at company-managed construction sites. In a statement, the company said any business [...]
SEOUL, Aug. 6 (Korea Bizwire) — South Korea’s leading display makers on Wednesday unveiled strategies to overcome the industry’s so-called chasm, or temporary demand plateau, by utilizing cutting-edge organic light-emitting diode (OLED) products and artificial intelligence (AI) technologies. LG Display Co. and Samsung Display Co. shared their visions during the 2025 Display Business Forum held [...]