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Korean celebrity chef and food franchise entrepreneur Paik Jong-won’s TheBorn Korea is set to launch a new bibimbap brand at German retail giant Globus in early July, according to industry sources Wednesday. The company is to debut Korean Paik’s Bibim at a food court inside a Globus store near the retailer’s headquarters in Wendel, Germany. The move marks TheBorn Korea’s shift from traditional overseas franchises to a business-to-business model, focusing on sauce exports and local consulting rat
Korean food export company The O Global has signed a landmark agreement with Beisia, one of Japan’s top retail distributors, to export 200 tons of Korean rice to help ease Japan’s ongoing rice shortage. The contract represents the largest volume of rice ever exported by a private Korean company for general consumer sales in Japan. Shipments of premium Saecheongmu rice, cultivated in Gangjin, South Jeolla Province, began on Monday and will continue over the next four weeks. The rice will hit shel
General Motors has once again dismissed speculation that it plans to end its Korean operations despite the US automaker’s decision to sell off loss-making businesses and idle assets in Korea. According to auto industry sources on Thursday, Hector Villarreal, president and managing director of GM Korea, met with the leadership of the company’s labor union the previous day to explain that the selloff decision was not part of a process to exit the Korean market but rather to increase profitability.
Hyundai Engineering and Construction is seeing rapid sales at its latest residential project, Hillstate Yongin Markvalley. Located in Yongin, Gyeonggi Province, the complex consists of seven buildings with up to 27 floors and offers 660 units ranging from 84 to 182 square meters. Buyers can freely select their preferred unit and floor without the need for a housing subscription savings account or local residency, thereby preserving eligibility for future housing lotteries. One key factor driving
SK On announced Thursday that it has more than doubled the number of electric vehicle chargers at its battery manufacturing plant in the United States, bringing the total to 51 units. SK Battery America, which began operations in Georgia in 2022, recently added 30 new charging units to the 21 previously installed. These charging stations are available to employees free of charge. The company noted that it is rare for global battery manufacturers to install such extensive EV charging infrastructu
Innometry said Thursday it was poised to present its noninvasive X-ray inspection solutions for electric vehicle batteries at next week’s The Battery Show Europe 2025 in Germany. At the event, Europe’s largest battery expo, the South Korean company will set up a booth to showcase its X-ray equipment, which can precisely analyze the internal structure of rechargeable batteries to identify defects, helping to reduce EV fires. Innometry underscored its technological prowess to offer optimized X-ray
South Korea’s leading energy company SK Innovation announced Wednesday that it has appointed Choo Hyeong-wook, head of its power and liquefied natural gas unit SK Innovation E&S, as its new CEO. The decision was made at a board of directors meeting earlier in the day, following the resignation of CEO Park Sang-kyu due to health reasons, the company said. Choo will carry forward the corporate realignment efforts initiated under Park’s leadership while continuing in his role as CEO of SKI E&S. The
Posco Group is accelerating its digital transformation efforts in a bid to overcome challenges posed by global oversupply and sluggish demand. The initiative aligns with Chair Chang In-hwa’s designation of “Rebuilding steelmaking competitiveness” as one of the group’s seven key future innovation goals. According to the group on Wednesday, its Pohang Steelworks production facility recently developed an AI-based Coil Car Material Jam Detection System, designed to improve operational efficiency and
LG Innotek said Wednesday it has developed the world’s first third-generation 5G communication modules for vehicles that supports the 5G New Radio Non-Terrestrial Network, enabling high-speed data transmission, which is expected to accelerate the advancement of autonomous driving. The latest module supports 5G NR-NTN, a mobile communication network that operates on low Earth orbit satellites, allowing real-time transmission of large volumes of data. It serves as a key component for software-defi
Glass substrates, long viewed as a promising next-generation component in advanced chip packaging, are now nearing real-world deployment, as Samsung Electronics signals a transition away from conventional silicon interposers. According to industry sources Wednesday, Samsung plans to adopt glass substrate interposers for its advanced semiconductors by 2028 to “meet customer demands.” While the company neither confirmed nor denied the development, it stated, “We are investing in (research and deve
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