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Business

Frozen Kimbap from Korea to be sold at Costco starting next year

  A South Korean small company that sparked the K-Kimbap phenomenon by selling out of frozen kimbap at Trader Joe's has now expanded their sales...
Business

Samsung Biologics banks on antibody drugs as fifth factory progresses

INCHEON β€” In Incheon, the world’s largest bio-manufacturing city in terms of production capacity, Samsung Biologics’ fifth factory is rapidly rising from the ground. With...
Business

Samsung aims to develop denser chips, breakthrough materials

Samsung Electronics disclosed its ambition to push the limit of its memory chip density and develop breakthrough materials to enhance chip performance. β€œWe will increase...
Business

What are Korea’s favorite snacks and drinks?

Across Korea’s vast bounty of food and drink available for purchase, there are some clear favorites. Saewookkang, Nongshim’s shrimp flavored chips, lead the rankings as...
Business

Fuel tax cut extended to tackle inflation amidst Israel-Hamas conflict

Korea will extend the tax cut on fuel consumption throughout the end of the year amid concerns about inflationary pressure caused by the outbreak...
Business

Korea plans fourth Nuri rocket launch for 2025

Korea is gearing up for the fourth launch of its homegrown space rocket Nuri in the second half of 2025, this time with an...
Business

Samsung to supply Apple with OLED panels for tablets, laptops by 2026

Samsung Display is expected to supply organic light-emitting diode (OLED) displays to Apple for tablets and laptops as early as the first half of...
Business

BOK urges structural reforms to maintain 2 percent growth

Bank of Korea (BOK) Gov. Rhee Chang-yong stressed the need for Korea to maintain at least 2 percent growth in the long term through...
Business

Hyundai Glovis breaks ground on Incheon logistics center

Hyundai Glovis, the logistics unit of Hyundai Motor, broke ground for an airfreight logistics center atΒ Incheon International Airport. Once completed in 2025 at Incheon International...
Business

Korea joins consortium for $2B nuclear project in Romania

Korea is participating in a 1.85 billion euro ($1.97 billion) project for a nuclear plant refurbishment in Romania through a tripartite consortium. State-run Korea Hydro...
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