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South Korea’s leading tobacco company KT&G announced Monday the completion of additional manufacturing facilities in Turkey as part of a strategy to solidify its position as a global top-tier company. The expansion added two new production facilities to the factory, increasing its total ground area by approximately 1.5 times to 25,000 square meters. With the upgrades, the company’s four facilities can now produce up to 12 billion cigarettes annually, enabling KT&G to meet growing demand in North
PTKOREA, a digital marketing solutions company, said Monday that its senior internship project, SynerZ, has garnered positive responses from both participants and businesses since its launch in October last year. The project pairs senior interns with young employees to meet the needs of the rapidly growing silver generation. So far, 11 senior interns, averaging 64 years old, have joined the project in the fields of marketing, social welfare and government. Initially designed as a three-month pro
Korean travel platform operator Yanolja announced Monday that it is participating in the 2025 World Economic Forum in Davos, Switzerland, running through Friday, to showcase its vision for artificial intelligence-driven travel solutions. Kim Jong-yoon, CEO of Yanolja Cloud, will speak at the panel session “Bridging Borders: Travel and Tourism’s Role in Building Trust” on Tuesday. He will present Yanolja’s Vertical AI technology and its applications in accommodation, transportation and leisure se
Korea Ginseng Corp., a leading ginseng product manufacturer, announced Monday that it exported 260 products under its red ginseng brand, JungKwanJang, to nearly 40 countries last year. EveryTime Original stood out as the best-selling product, with sales in China increasing by 44 percent compared to 2023. To meet local consumer needs, KGC diversified its product line to appeal to smaller households and introduced targeted marketing strategies for seasonal events. In Taiwan, the company expanded i
Nexon, Krafton, Netmarble, NCSoft, Kakao Games seek next blockbuster, diversify portfolio to propel growth Korean game companies are gearing up for a breakout year with a slate of highly anticipated new titles readying for release to woo gaming fans across the globe, as the companies look to expand markets beyond Korean borders. Nexon and Krafton are poised to carry on positive momentum in fresh genres this year after clocking in another year of success thanks to hit titles such as side-scrollin
Korean automaker plans to expand new car’s availability across Asia Pacific, Latin America and Middle Eastern regions Kia has begun mass production of the Syros, a new sport utility vehicle specifically developed to fill the needs of customers in India, as the Korean automaker aims to expand its presence in the world’s third-largest auto market. According to Kia, the automaker held the rollout ceremony at its Anantapur plant in Andhra Pradesh, India, Thursday, following the world premiere of the
Hyundai Motor Company said Sunday it has unveiled concept versions of its electric three-wheeler and micro four-wheeler at India’s Bharat Mobility Global Expo, ramping up its expansion efforts in the world’s third-largest car market. Recognizing the widespread popularity of micromobility in India, where ultra-compact vehicles are often favored for last-mile commuting on congested roads, the Korean auto giant has vowed to offer enhanced driving performance and safety compared to competing models.
Hana Financial Group Chairman Ham Young-joo and top executives of Bain Capital, a leading global private equity firm, recently met in Seoul to discuss expanding bilateral collaboration. Bain Capital’s delegation included co-managing partners John Connaughton and David Gross, as well as partner Lee Jung-woo. The discussions revolved around strengthening communication to facilitate increased investment in the Korean market, according to Hana Financial officials Sunday. Hana Financial and Bain Capi
LG Chem Vice Chairman and CEO Shin Hak-cheol has been reappointed as chair of the Chemical & Advanced Materials Industry Governors at the World Economic Forum, becoming the first leader to extend his term in this position, the company said Sunday. The reappointment comes as Shin is attending the Davos Forum for the fifth consecutive year, which runs from Monday to Friday. The forum will gather over 2,700 global leaders from business, politics and academia to discuss pressing topics such as rethi
South Korea’s National Pension Service is set to give the upper hand to the current management of Korea Zinc, supporting management proposals such as cumulative voting in the shareholders’ meeting slated to take place Thursday. Holding a 4.51 percent stake in the zinc smelter, the decision by the NPS could swing the outcome of the proxy fight. On Friday, the NPS trustee commission decided to vote for the proposals made by the current management of Korea Zinc, including the adoption of a cumulati
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