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Shinsegae Group Chair Chung Yong-jin will apologize again over Starbucks Korea’s controversial “Tank Day” marketing campaign at a press conference Tuesday and announce the findings of the group’s internal investigation into the incident, the retail conglomerate said Sunday. According to Shinsegae Group, Chung plans to personally deliver an apology to those hurt by Starbucks Korea’s marketing campaign, released on the anniversary of the May 18 Democratic Uprising. The press conference will take p
Woori Financial Group Chairman Yim Jong-yong called for stronger support for young people and borrowers with low-to-mid credit scores, urging the group to build a financial safety net that customers can feel in practice. "Financial support for lower- and mid-credit borrowers should be pursued as part of a financial safety net to close blind spots and protect vulnerable groups," Yim said at the May Advanced Strategic Industry Finance Council held Friday. "Young people are the key generation that
The Korea Forest Service said Friday it was attending the 21st session of the United Nations Forum on Forests at the United Nations Headquarters from May 11-15 to share forest policy achievements and discuss international cooperation. The UN Forum on Forests is the largest international forestry meeting, bringing together representatives from 193 member states, international organizations and stakeholders to discuss implementation of the UN Strategic Plan for Forests for achieving teh UN's Susta
Samyang Foods said Friday it has decided to promote Vice Chair Kim Jung-soo to chair as the Korean instant noodle maker looks to reinforce leadership and accelerate its global expansion strategy with its megahit Buldak brand. The company said its board approved Kim’s promotion Tuesday. Her official appointment will take effect on June 1, about five years after she was promoted to vice chair in late 2021. During her five-year tenure as vice chair, Samyang Foods’ annual revenue nearly quadrupled f
SK hynix CEO Kwak Noh-Jung will meet Microsoft co-founder Bill Gates and CEO Satya Nadella this week at the closed-door Microsoft CEO Summit 2026 in Redmond, Washington. His attendance, industry sources said Tuesday, signals the Korean memory chip-maker has become central to Microsoft's push toward AI infrastructure less reliant on Nvidia. The invitation-only summit, running Tuesday through Thursday at Microsoft's headquarters, gathers about 100 global executives and policymakers for private dis
Xiaomi Korea said Wednesday it appointed Summer Peng as its new general manager as the Chinese electronics brand moves to strengthen its operations and market presence in Korea. Peng previously led Xiaomi’s businesses in Hong Kong and Macau, where she focused on expanding market share, improving multichannel retail operations and strengthening the company’s premium brand positioning. Before joining Xiaomi, she held sales, product and consumer strategy roles at major Chinese technology companies
Nol Universe said Tuesday it appointed Oliver Libutzki as head of global business as the travel platform company accelerates its overseas expansion strategy. Libutzki will oversee Nol Universe’s core travel businesses, including overseas accommodations, package tours, tours and activities, and airline operations. The company said he will focus on strengthening synergies across businesses, improving operational efficiency and product competitiveness, and leading mid- to long-term global growth st
Shinhan Financial Group said Sunday that Chairman Jin Ok-dong will hold an investor relations road show in the US, Mexico and Canada from May 10 to 22, targeting overseas institutional investors. The trip aims to present the group’s mid- to long-term corporate value and shareholder return strategy under its recently unveiled “Shinhan Value-Up 2.0” plan. The meetings follow a shareholder letter sent last month as part of broader efforts to strengthen communication with global investors. During th
OB Beer said Sunday its parent company, AB InBev, was named as the creative marketer of the year for 2026 at the Cannes Lions International Festival of Creativity. Presented annually since 1992, the award recognizes companies that drive brand innovation and business growth through creative marketing. AB InBev earned the title after winning 37 awards at last year’s festival. The company previously received the honor in 2022 and 2023, becoming the first company in Cannes Lions history to win three
Samsung Electronics’ largest labor union said Friday it will enter post-mediation talks with management next week, opening another round of negotiations before a full-scale strike planned for May 21. The Samsung Electronics Labor Union said the decision followed a meeting with Kim Do-hyung, chief of the Gyeonggi branch of the Ministry of Employment and Labor, and a separate tripartite session involving labor, management and government officials. The talks are set for Monday and Tuesday, the unio
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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