A US livestock industry group has denounced South Korea’s ban on importing US beef from cattle older than 30 months, labeling it an "unfair trade practice" and urging President Donald Trump’s administration to push for its removal. On Wednesday, the Office of the United States Trade Representative submitted an opinion letter addressing unfair trade practices by US trading partners, drafted by the National Cattlemen’s Beef Association. In the letter’s section on Korea, the NCBA acknowledged that

First rebranding in 40 years signals Korean Air's global, modern future: Walter Cho Korean Air unveiled its refreshed corporate identity on Tuesday, marking a new chapter following its 1.8 trillion won ($1.24 billion) acquisition of Asiana Airlines. The updated design features a modernized version of its iconic taegeuk symbol. The launch event took place at the airline’s headquarters in Incheon, bringing together more than 1,000 employees, industry representatives and members of the media. "I be

83 percent of listed companies expect activism to rise if new corporate governance laws are passed: KCCI survey South Korean listed companies are increasingly wary of the growing influence of minority shareholder activism, fearing it could lead to excessive management interference and short-term profit-driven demands. As the annual general shareholders meeting season approaches, shareholder activism is intensifying like never before with a noticeable shift in dynamics, according to the Korea Cha

Once a niche market catering primarily to the country's binge-drinking culture, Korean hangover remedies are now gaining global traction, amid rising demand for functional wellness products. According to market tracker Grand View Research, Korea's hangover remedy market, valued at $288.11 million in 2022, is projected to surpass $1 billion by 2030. On a global scale, market tracker Global Market Insights estimates that the hangover remedy market will expand from $1.9 billion in 2022 to $6.8 bill

Shinsegae Group Chairman Chung Yong-jin marked his first anniversary in office by unveiling a two-track strategy focused on achieving "market dominance" and "business normalization," the group announced Wednesday. The strategy aims to secure a strong competitive edge in the group's leading affiliates, including Emart and Starbucks, while restoring full operational stability in e-commerce and construction to lay a solid foundation for future growth. “The more challenging the economic conditions a

Hanjin Group and Korean Air Chairman and CEO Walter Cho celebrates Korean Air's 56th anniversary on Tuesday at the airline's Seoul headquarters, unveiling "KE Way," a bold new corporate value system designed to propel the airline's journey as a leading global carrier. (Korean Air)

Celltrion announced Tuesday that its biosimilars Stoboclo and Osenvelt, referencing bone disease treatments Prolia and Xgeva (denosumab), have received marketing approval from the US Food and Drug Administration. Stoboclo is approved for treating postmenopausal osteoporosis in women, while Osenvelt is indicated for the prevention of skeletal-related complications in cancer patients with bone metastases and for giant cell tumors of bone. Both products have been approved for all indications covere

Korea’s two largest labor unions sharply criticized President Yoon Suk Yeol’s Saturday morning public address, demanding his immediate impeachment. The Korean Confederation of Trade Unions, the larger union with more than 1 million members, released a statement following the address. It declared, “An apology cannot excuse the crime of rebellion,” and called for Yoon’s immediate impeachment and arrest. “The president must face legal consequences for treason, an

The high school President Yoon Suk Yeol and his key aides graduated from has decided to suspend its uniform requirement to protect students from possible abuse from an angry public. In a letter to students and parents on Thursday, Choongam High School said the decision aims to prevent their students from facing “unfair treatment by certain inconsiderate individuals" on the way to and from school. "We will allow them to wear casual attire (instead of school uniforms) starting Mo

Starting Thursday, passengers departing through Incheon International Airport wearing shoes with heels taller than 3.5 centimeters will be required to remove their shoes during the security screening process. Previously, such a rule was only enforced in "suspicious" cases, but the updated regulation now applies it uniformly. The enhanced shoe screening measures are being implemented at both Terminal 1 and Terminal 2 and apply to all passengers using the cylindrical security scanners. &

진행자: 김혜연, Chelsea Proctor (642) At this Starbucks, you need ID: Franchise opens store with view of North Korea 기사 요약: 민간인 출입이 제한된 DMZ 인근에 위치한 스타벅스 김포애기봉생태공원점 [1] South Koreans can now sip their Starbucks while taking in the rarest of views -- the shadowy realm of a forbidden land, North Korea. At a just-opened store, with seating for around 40 patrons, the glass walls frame panoramic vistas of Kaepung-gun and Songaksan in the North Korean city of Kaesong. forbidden 금지된 patron (특정 상점·식당

Multinational companies doing business in Korea were thrown into confusion overnight as President Yoon Suk Yeol declared martial law, a drastic decision that was rescinded just six hours later. Most firms swiftly responded by issuing emergency notices, instructing employees to work remotely, while their headquarters closely monitored the situation by directing their Korean teams to report on the potential ramifications. "We stayed up all night monitoring fluctuating exchanges rates," s

Kolmar Korea Vice Chairman Yoon Sang-hyun on Tuesday reaffirmed his company’s dedication to becoming a trusted global partner in the beauty market during a visit by the nation's food and drug safety chief to the company's research complex in Seoul. “We will continue to strengthen our partnerships with independent brands and actively support them to ensure the continuous emergence of K-beauty's iconic brands,” Yoon said, welcoming Minister of Food and Drug Safety

Ably Corporation, operator of women’s fashion e-commerce platform Ably, announced on Monday that it has secured its first global capital investment of 100 billion won ($75 million) from China’s Alibaba Group. This marks Alibaba's first stake acquisition in a Korean e-commerce platform, with the group reportedly obtaining some 5 percent of Ably's shares. Ably's valuation has tripled in three years, compared to 900 billion won during its pre-Series C funding round in Jan

South Korea's major confectionery companies have decided to raise the prices of their popular chocolate snacks on the back of soaring cacao prices, driven by climate change. Orion announced a 10.6 percent average price increase for 13 products starting Sunday. The price of its popular products like Choco Songyi and Bichobi will rise by as much as 20 percent. Orion also said it would temporarily suspend the supply of its chocolate bar, To You, instead of applying an unavoidable price increas