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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
Samsung Electronics and LG Electronics are scaling up their data-center cooling businesses as power-hungry AI chips turn heat management into a critical infrastructure bottleneck. Data centers have traditionally relied on air cooling. But advanced artificial intelligence accelerators and increasingly dense server racks are pushing those systems toward their practical limits. Nvidia’s B200 and other next-generation chips consume more than 1,000 watts each, accelerating the shift toward liquid coo
Youngone, a South Korean manufacturer of outdoor and athletic apparel and footwear, has released the English edition of its 2025 Sustainability Report, expanding global access to information on its environmental, social and governance performance after publishing the Korean version in July. The report follows major international disclosure frameworks, including the Global Reporting Initiative Standards 2021 and recommendations from the Task Force on Climate-related Financial Disclosures. In the
Global asset manager Franklin Templeton said Tuesday that it had appointed Kim In-keun president and CEO of its Korean operations. Kim will lead Franklin Templeton Investment Advisors Korea, overseeing its strategy and operations. He will work with the local team and Asia-Pacific leadership to expand the business and strengthen client services. Kim joins after six years at Western Asset Management’s Singapore office. He has more than 27 years of experience in asset management, with a focus on in
Hyundai Motor’s labor union has approved a tentative agreement that includes higher base pay, bonuses and new hiring commitments, concluding months of contentious wage negotiations and strikes. The carmaker said 19,183 workers, or 61.55 percent of the 31,166 union members who cast ballots in a vote held Monday, voted in favor of this year’s wage agreement between the labor union and the company. Under the agreement reached last week, Hyundai Motor will raise monthly base pay by 100,000 won ($73)
Four South Korean defense companies — Hanwha Group, LIG Nex1, Hyundai Rotem and Korea Aerospace Industries — made the world’s 100 largest defense contractors for a second consecutive year, reflecting the industry’s growing export presence, particularly in Europe. Hanwha climbed six places to No. 16 in the annual ranking released Monday by US publication Defense News. The list ranks companies by defense revenue from the previous year. Hanwha’s defense revenue surged to $10.44 billion in 2025 from
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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