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South Korean construction management firm HanmiGlobal said Wednesday that it ranked sixth in Engineering News-Record’s latest survey of the world’s leading construction and project management firms, the highest position ever achieved by a Korean company. The annual rankings cover major sectors of the global construction industry and are based on companies’ revenue from the previous year. HanmiGlobal recorded $255.8 million in construction management and project management revenue in 2025. Its ov
The 2026 Global Bio Conference opened on Wednesday, bringing together regulators, industry leaders and researchers to discuss emerging biopharmaceutical technologies and the regulatory frameworks needed to bring them to market. Hosted by the Ministry of Food and Drug Safety, the three-day event is being held under the theme “The Great Leap in Bio, Accelerating Innovation" at the Grand InterContinental Seoul Parnas in Gangnam-gu, southern Seoul. Now in its 12th edition, the conference brings toge
Aston Martin has launched three high-performance S models in Korea in its largest-ever local product rollout, betting that the country could soon become its second- or third-largest market in the Asia-Pacific region. The British luxury carmaker unveiled the DB12 S Super Tourer, Vantage S sports coupe and DBX S SUV, as it seeks to accelerate its expansion in Korea. Neil Hughes, head of product management at Aston Martin, said the broad product update reflects Korea’s rapid emergence as an importa
LG Chem is doubling down on transformation from a petrochemical-focused company into a materials powerhouse centered on semiconductors, mobility and batteries, as it aims to rebuild its business portfolio in alignment with future-leading industries. The company previously announced its road map to invest 15 trillion won ($10.8 billion) in research and development through 2035 with about 70 percent earmarked for future growth sectors. It has also established a new organization directly under CEO
House Foreign Affairs Committee Chairman Brian Mast took aim at South Korea's economic and security posture toward Washington, citing regulatory action against US-listed Coupang as proof Seoul is shortchanging American businesses. During an interview with Fox News on Sunday night, the Florida Republican argued that Seoul is letting regulations squeeze American corporate interests, while its promised direct investment in the US stalls. "They're hurting American companies like Coupang," Mast told
LX Pantos said Tuesday it had successfully completed a high-security defense logistics project to transport air-to-air missiles from France to South Korea for the latter's military's domestically developed amphibious attack helicopter program. The company said it carried out the project at the request of Korea Aerospace Industries, which is developing the amphibious attack helicopter under a defense acquisition program led by the Defense Acquisition Program Administration. The air-to-air missile
South Korean President Lee Jae Myung is expected to continue discussions with the country’s top business leaders this week as his government pushes to turn pledges into projects on the ground. Lee is arranging separate meetings with Hyundai Motor Group Executive Chair Chung Euisun and Samsung Electronics Chairman Lee Jae-yong after holding a private dinner with SK Group Chairman Chey Tae-won in Seoul on Aug. 20, according to sources on Tuesday. The presidential office declined to confirm the sch
Simmons has partnered with Posco and Kiswire to jointly develop and supply specialized steel wire used in mattress springs, strengthening its domestic supply chain for key materials. The mattress maker detailed the trilateral collaboration during a media tour held Wednesday through Friday at the Simmons Factorium, its manufacturing facility in Icheon, Gyeonggi Province. Under the partnership, Simmons and Posco will jointly research spring wire designed specifically for mattresses. Kiswire will t
The Korea Exchange has donated 50 million won ($36,100) to provide financial education for people with developmental disabilities in Busan. KRX delivered the donation to Peach Market, an organization specializing in accessible education, at a welfare center in Yeongdo-gu, Busan, on Thursday. The funding will support practical lessons on managing money and making financial decisions to help participants become more economically independent. This year, professional instructors will visit 24 welfar
South Korean defense company Hanwha Aerospace said Tuesday it has established a US-based subsidiary, Hanwha Horizon USA, as part of its push to grow its footprint in the global liquefied natural gas market. The new company will serve as the control tower for Hanwha Aerospace's LNG business, overseeing procurement, trading and logistics optimization, the company said. James Sagar, CEO of Hanwha Shipping, will concurrently serve as the first CEO of Hanwha Horizon USA. Sagar has about 30 years of e
Samsung, LG take AI home race beyond appliances at IFA 2026
Posco chief calls for stronger Korea-Australia resource ties
Chipotle bets on Korea for first bite of Asia
Samsung vs. LG battle for AI cooling heats up
Musinsa posts record earnings on offline, global expansion
One purchase every 0.9 second: Olive Young foreign sales top W1tr
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