Philips Korea advises patients with sleep disorders to seek active treatment such as CPAP therapy to manage conditions like sleep apnea Philips Korea, the local unit of multinational health technology company Philips, announced Wednesday the findings of a survey revealing that many Koreans struggle with poor sleep quality but do not seek active treatment for sleep disorders, particularly for breathing-related conditions like sleep apnea. The survey conducted by Hankook Research on behalf of Phil

Korean logistics company LX Pantos, in collaboration with the state-run Korea Ocean Business Corporation, has acquired a large-scale logistics center in Georgia, US, to anchor a key export hub for Korean firms while bolstering its supply chain competitiveness, the company said Tuesday. According to the logistics company, a signing ceremony was held last Friday in Dalton, Georgia, to formalize the deal. Attendees included LX Pantos CEO Lee Yong-ho, KOBC Director of Business Operations Yoon Sang-h

South Korea’s overall economic freedom ranking fell to 17th from 14th in this year’s Heritage Foundation Index of Economic Freedom, with its lowest score in the labor market category, where it ranked 100th. According to the Korea Enterprises Federation on Monday, the 2025 Index of Economic Freedom, published by the conservative US think tank the Heritage Foundation, gave South Korea an overall score of 74 out of 100 — an increase from 73.1 the previous year. However, the country dropped three sp

Korea Ginseng Corp., the country’s leading ginseng manufacturer, announced Monday that it received the Varro E. Tyler Award at the 2025 Natural Products Expo West, held last week in Anaheim, US, for its phytomedicinal research on ginseng. According to the company, the award, presented by the American Botanical Council in recognition of outstanding contributions to the field of herbal medicine and pharmacognosy, honors its commitment to proving the health benefits of ginseng through clinical rese

Choco Pie, a round cake-like snack with a marshmallow filling and chocolate coating, is the brainchild of South Korean confectionery maker Orion. Branded with the Chinese character for "jeong" — a deep sense of affection and hospitality — the proiduct carries a distinct Korean essence that embodies the core value of sharing love. Now, far beyond its homeland, the treat has won over more non-Koreans, selling more overseas than in the birthplace of jeong. History of marshmallow cookie 1956: Lee Ya

Top two chains CU, GS25 target $10 million in exports this year South Korea’s convenience store chains, led by industry frontrunners CU and GS25, are making bigger waves globally, riding the K-food boom with their exclusive products. GS25, the country's largest convenience store brand by sales, is solidifying its presence in overseas markets with its YouUs private-label products and exclusive offerings at the forefront. Strategic partnerships — most notably a collaboration with Netflix to create

Daewoo Engineering & Construction Chairman Jung Won-ju wrapped up a weeklong trip to Vietnam this week, amplifying the company's presence in the Southeast Asian country to turn its gaze toward global ventures. According to industry sources on Friday, the chairman explored cooperation for the second-phase development of the Starlake City project in Hanoi, as well as business partnerships in the Kien Giang Urban City Project in Thai Binh province. Jung also reportedly assessed potential engagement

Korean food exports have been on a steady rise over the past decade, with instant noodles, or ramyeon, leading as the top export and the US as the largest importer last year, data showed Thursday. According to data compiled by the Korea Trade Statistics Promotion Institute and released by the Korea Chamber of Commerce and Industry, K-food exports surged from $3.51 billion in 2015 to $7.02 billion in 2024, reflecting an annual growth rate of 8 percent. The growth accelerated in recent years, with

The American Chamber of Commerce in Korea held a closed-door board meeting Wednesday, engaging in meaningful talks with former Prime Minister Kim Boo-kyum on state affairs and policies aimed at improving Korea’s business environment. According to the foreign chamber, at the meeting attended by the AmCham chair and member companies, the former prime minister emphasized the need to expand free trade and implement regulatory reforms for sustainable growth. A predictable and transparent business env

Cosmax BTI, a holding company of South Korean cosmetics manufacturer Cosmax Group, announced Wednesday the appointment of Hou Min-ho, former CEO of CJ ENM's Commerce Division and CJ Olive Young, as vice chairman. A seasoned expert in cosmetics and retail, Hou is recognized for his strong communication skills and ability to drive new business initiatives, the company explained. “There will be many changes for Cosmax, the world’s leading cosmetics original development manufacturer, over the next d

Hyundai Steel, South Korea’s second-largest steelmaker, is accepting voluntary layoffs from technical workers amid industry challenges and uncertainties over Trump’s second term. According to industry sources Wednesday, Hyundai Steel is accepting resignation applications from technical staff at its Pohang plant in North Gyeongsang Province until March 14, with all 1,200 eligible workers subject to the program. It remains unclear how many employees will opt in, particularly given that Hyundai Ste

The Seoul Bankruptcy Court announced Tuesday that it had approved the corporate rehabilitation request filed by South Korean supermarket chain Homeplus, initiating prompt proceedings just 11 hours after the filing. On Tuesday morning, Homeplus announced that it had filed for corporate rehabilitation as a preemptive measure to address potential funding issues following its recent credit rating downgrade. The court’s decision to approve the proceedings was based on the assessment that a funding sh

With its high-performance steel, Posco is building the backbone of Korea’s LNG infrastructure, from storage tanks to fuel-powered vessels. GWANGYANG, South Jeolla Province — Caught in the crosshairs of protectionism, South Korean steel giant Posco faces the heat of US President Donald Trump’s 25 percent steel tariffs, which are set to go into effect March 12. But Posco’s is still forging new paths at Gwangyang Steelworks, where it is making its patented high-manganese steel, an alloy built to wi

Kim Yea-ji, South Korea’s first visually impaired lawmaker and a member of the ruling People Power Party, is in the spotlight as one of the only three from her party to participate in the parliamentary vote to impeach President Yoon Suk Yeol on Saturday. The National Assembly’s motion failed due to a failure to meet the quorum after lawmakers from the ruling People Power Party boycotted the vote. It resurfaced Sunday that Kim sought to enter the parliament building immediately afte

The United States called for "full and proper" functioning of democratic processes in South Korea, after the country’s parliament on Saturday failed to vote on the impeachment of President Yoon Suk Yeol over his recent declaration of martial law. Officials from the White House, as cited by Yonhap News Agency, said Washington had closely monitored the Korean National Assembly's opposition-led motion to impeach Yoon, as well as the developments following its failure to get two