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Food & Beverage Binggrae sells plant-based Melona at Costco in Australia

South Korean food and beverage company Binggrae said on Wednesday that it sells its plant-based Melona at Costco stores in Australia from November.P...

Electric vehicles Genesis GV60 Magma to enter production in 2025; hybrid model eyed

When Hyundai Motor Co. unveiled the Genesis GV60 Magma Concept at Genesis House New York this March, the premium brand’s color – vivid o...

Electronics Samsung foldable panel gets US military certification

Samsung Display announced on Monday that its 7-inch foldable panel, used in the latest generation of foldable phones, completed the demanding MIL-ST...

Construction & Planning Daewoo E&C opens theme park Ice Jungle in Phu Quoc

South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) opened the digital theme park Ice Jungle in its ongoing luxury residential ...

Food & Beverage Binggrae’s overseas exports soar to record in H1 2023

South Korean food and beverage company Binggrae reported a 27% year-on-year leap in overseas exports, hitting 77.5 billion won ($57.8 million) in th...

Food & Beverage Baskin-Robbins stands out in melting Korean ice cream market

Global ice cream chain Baskin-Robbins, the top ice cream seller in South Korea, is solidifying its market position with localization despite the cou...

K-pop Fifty Fifty longest K-pop girl group to stay on Billboard Hot 100

Fifty Fifty has stayed on the US Billboard Hot 100 for nine consecutive weeks, setting a new record for the longest stay by a K-pop girl group.Accor...

Korean food Korea’s shaved ice dessert bingsu price up 30% on-year on inflation

Inflation has hit almost every corner of the real economy in South Korea, and the country’s popular summer dessert bingsu is no exception, wit...

Food & Beverage Lotte to invest $55 mn in Indian ice cream subsidiary for 5 years

South Korea-based Lotte Confectionery Co. will invest  4.5 billion rupees ($55.1 million) in its Indian unit Havmor Ice Cream in the next five ...

Energy SGC Energy signs 10-year contract to supply liquid CO2

South Korea’s SGC Energy Co. recently signed a contract to supply liquid carbon dioxide to a domestic company for 10 years starting January 20...

Korean food Sulbing opens 1st US store in California in March next year

South Korean dessert café Sulbing said on Friday that it signed a new master franchise contract to declare its entry into the US market and a...

K-pop Blackpink's 'Ice Cream' music video surpasses 800 mn views

K-pop girl group Blackpink’s “Ice Cream” music video exceeded 800 million views on YouTube around 2 a.m. on Nov. 30 local time, it...

Korean stock market Foreigners in year's longest Korean buying streak; chipmakers top picks

Foreign investors have returned to the South Korean market, snapping up chip industry leaders such as Samsung Electronics Co. and SK Hynix Inc. for ...

Corporate restructuring Lotte Confectionery to merge with Lotte Food

Lotte Group will merge its confectionery and foodstuff businesses, South Korea's fourth-largest conglomerate announced Wednesday.Lotte Confectionery...

The Deep Dive Misandry controversy rattles Korean retailers; CEO of No.1 fashion app steps down

Gender-discrimination controversies are rattling South Korean retailers, with two companies recently accused of misandry in publicity campaigns. In...

Licensing agreements LG to provide ice-making tech for Electrolux's French door refrigerators

South Korea's tech giant LG Electronics Inc. announced on Oct. 26 that it has entered into a patent-licensing agreement with Sweden-based Electrolux t...