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Posco Group Chairman Chang In-hwa proposed strengthening resource supply chains at the 47th Korea-Australia Business Council annual joint meeting in Adelaide on Wednesday. About 200 government and business officials from both countries attended the meeting, including Australian Foreign Minister Penny Wong, Trade and Tourism Minister Don Farrell and Martin Ferguson, chairman of the Australia-Korea Business Council. Chang emphasized supply chains that combine Australia’s resources with Korea’s ref
Genesis BBQ Group is turning to AI, data and robotics to streamline store operations and maintain consistent product quality as the fried chicken franchise accelerates its global expansion. The company unveiled three growth strategies — “AX Transformation,” “Globalization 2.0” and “Sustainable Platform” — at its 31st anniversary ceremony held Tuesday at Chicken University in Icheon, Gyeonggi Province. Under its AX Transformation strategy, BBQ plans to integrate data from store management, custom
Shinsegae Property, the real estate development arm of Shinsegae Group, is bringing ultra-luxury hospitality brand Aman's first Korean property to Seoul's Cheongdam-dong, under Chairman Chung Yong-jin's vision of setting a new standard for the country's high-end lifestyle market. The company announced Wednesday that it will develop Aman Seoul, handling planning, strategy and execution, while Aman will handle design and operations, managing the hotel and residences under a long-term agreement. Am
British wind-propulsion company Anemoi Marine Technologies seeks closer ties with South Korean shipbuilders and shipping companies as the industry faces growing pressure to reduce fuel consumption and emissions. “South Korea combines world-class shipbuilding, sophisticated shipowners and strong marine engineering capabilities,” Anemoi co-founder and Chief Commercial Officer Nick Contopoulos told The Korea Herald in Seoul last week. Anemoi develops Rotor Sails, tall spinning cylinders installed o
South Korean AI startup Wrtn Technologies has begun preparations for an initial public offering, seeking capital to accelerate its overseas expansion after rapid growth in North America. Wrtn recently sent requests for proposals to major Korean securities firms to select lead underwriters, the company said Tuesday. It plans to appoint IPO advisers this month and map out the listing process, with a market debut targeted for 2028 or later. The preparations follow a 100 billion won ($73 million) Se
South Korea’s antitrust regulator sent about 30 investigators to Coupang’s Seoul headquarters Tuesday, taking the unusual step of reopening its probe under a different law just over a week after the e-commerce giant blocked an earlier inspection. The renewed inspection marks a sharp escalation in the standoff between the Fair Trade Commission and Coupang, with the regulator deploying a large team and reportedly demanding records covering nearly a decade of business activities and transactions. A
Three decades after a single burrito shop in Denver opened on the idea that food has the power to change the world, Chipotle Mexican Grill will carry that ethos into its very first Asian store in Gangnam on Wednesday. Chipotle said that Korea has the consumers and the partner it needs to anchor its expansion across Asia under its vision of "Food with Integrity," and Gangnam is a fitting foothold as a leading commercial district. "This represents a very significant milestone in the growth strateg
IMM Investment Japan has led a Series D funding round for fusion energy startup Kyoto Fusioneering, backed by Korean industrial heavyweights. The investment was made through the Korea-Japan Fusion Fund, a cross-border vehicle established to connect Korean capital and industrial networks with Japanese deep-tech companies, IMM Investment said Tuesday. Strategic investors in the fund include Posco Holdings, Posco International, Doosan, Hyundai Motor and GS E&C. Octagon Venture Partners participated
LS Cable & System said Tuesday it signed a memorandum of understanding with the AI Factory Frontier consortium to jointly develop AI data center projects. The consortium brings together companies specializing in GPUs, power equipment, cooling, architecture and business development. The partnership covers AIDC projects from power demand and site assessment through infrastructure development. The company will use superconducting systems for external grids and bus ducts and fiber-optic cables for i
JungKwanJang, KGC’s health supplement brand, ranked first in the global red ginseng and herbal dietary supplement markets for a 12th consecutive year, according to data from market researcher Euromonitor International. The brand accounted for 44.3 percent of global red ginseng retail sales in 2024, up from 40.4 percent in 2020. It has led the category every year since the survey began in 2014. JungKwanJang also ranked first in the broader herbal dietary supplement category with a 3.5 percent glo
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
Samsung, SK hynix tax payments surge 167% on chip boom
SK Chemicals eyes European can-coating market
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