South Korea’s leading submarine cable manufacturer, LS Marine Solution, posted record sales last year and aims to sustain its growth momentum in the renewable energy and defense sectors. The company said Monday that sales had surged 84 percent year-on-year to 130.3 billion won ($96.5 million), while operating profit rose 25 percent to 12.4 billion won during the same period. Building on over 30 years of experience in subsea communication networks for global tech giants such as Meta and Microsoft

South Korean electrolyte manufacturer Enchem announced Monday that six former United States House of Representatives members visited its factory in Cheonan, South Chungcheong Province, on Friday, expressing strong support for its expansion plans in the US. The visit was part of the Former Member of Congress delegation to Korea, organized by the Kim Chang-joon US-Korea Foundation, marking the latest engagement since 2019. This year's delegation included nine-term Rep. John Sarbanes (D-Maryland),

Daewoo Engineering & Construction outperformed market expectations in the first quarter of 2025, signaling the early success of its internal management strategy under new leadership. From January to March, Daewoo E&C logged 2.77 trillion won ($2.05 billion) in revenue and 151.3 billion won in operating profit. While revenue slightly declined, profitability improved through cost optimization efforts and a strategic focus on high-margin housing and plant construction projects, the company said. Th

GM Korea President and CEO Hector Villarreal visited the company's Changwon plant in South Gyeongsang Province to meet employees and reinforce on-site leadership, the company said Friday. During his visit on Thursday, the CEO took part in a donation ceremony hosted by GM Employee Foundation Korea, delivering 140 million won ($104,000) -- including two Chevrolet Trax Crossovers -- to support the local community. The company said the foundation has contributed a total of 540 million won in Changwo

South Korean game giant Nexon delivered robust earnings in the first quarter of 2025, driven by a rebound in key franchises like Dungeon Fighter and MapleStory. But with the outlook for the second quarter remaining clouded by weaker guidance, hopes are now pinned on the continued momentum of its key franchises. In the January-March period, Nexon posted 1.08 trillion won ($1.33 billion) in revenue and 395.2 billion won in operating income, exceeding market expectations. According to the company,

South Korean e-commerce giant Coupang announced Thursday that it had formed a strategic partnership with leading global publisher Wiley on the previous day to expand its offerings of academic and professional books in South Korea. This marks Coupang's first direct collaboration with an international publishing house. The agreement, signed at Coupang's Jamsil headquarters, was attended by Wayne Lee, Coupang's executive vice president of retail, and Chor Meng Tan, Wiley's senior director for Asia.

South Korean instant noodle-maker Nongshim announced Wednesday that its newly launched Shin Ramyun Toomba sold out its initial shipment of 1 million servings within two weeks in Japan. Launched in April through 7-Eleven, Japan’s leading convenience store chain, the cup noodles quickly gained traction, with shortages in some stores. A Nongshim official stated, “Shin Ramyun Toomba is receiving strong response for its unique spicy cream flavor and pasta-style noodles, which can be prepared using a

Global commercial vehicle manufacturer Daimler Truck announced Wednesday that it has established a strategic joint venture with FMK, a subsidiary of Korea's Hyosung Group, to become the official importer of Mercedes-Benz Trucks, Special Trucks and Daimler Buses in Korea. This partnership aims to elevate the customer experience by combining Daimler Truck’s global expertise with FMK’s strong local market knowledge. Together, the companies plan to offer industry-leading technology, premium products

Samsung Biologics, the biotech arm of Samsung Group, announced Tuesday that it participated in the 2025 Protein & Antibody Engineering Summit, the world’s largest academic conference on protein and antibody therapeutics, on May 12 in Boston. During the five-day event, the company hosted a dedicated meeting room to engage with global pharmaceutical companies and expand its client network. On March 12, Samsung Biologics held a luncheon presentation titled “Streamlining drug development: From devel

The Indonesian Muslim Women Entrepreneurs Association commemorated its 10th anniversary from May 4 to 6 in Jakarta, Indonesia, showcasing a vision for future cooperation between women, technology and businesses across borders. The event gathered over 700 attendees, including IPEMI President Ingrid Kansil and senior Indonesian government officials. The gathering served as a platform to recognize the organization’s achievements over the past decade and to outline a roadmap for the next 10 years. N

South Korea's leading tobacco company KT&G announced Monday that it will expand its “Forest of Imagination” initiative to Argalant, Mongolia, following previous afforestation efforts in Ulaanbaatar. Through its Mongolian Agricultural Education Center under the KT&G Welfare Foundation, the company plans to plant 10,000 Ulmus pumila trees — known for their resilience in harsh environments — and install an irrigation system to establish sustainable environmental infrastructure in the region. The ce

Woori Financial Group has signed a multilateral memorandum of understanding with Korea Aerospace Industries, the Korea Aerospace Industries Association and Korea Technology Finance Corporation to support the development of the nation’s aerospace sector. The agreement, signed May 9, aims to establish a cooperative framework to foster technological independence and strengthen global competitiveness in aerospace, recognized as a strategic future industry for Korea. As part of the initiative, Woori

South Korean food franchise firm TheBorn Korea has introduced a 5 billion won ($3.5 million) relief initiative to support its franchises nationwide, which have been hit hard by a slew of controversies over quality and hygiene issues. The package includes a full waiver of franchise royalties for three months across all brands, helping alleviate fixed operational costs for owners. Throughout May, TheBorn Korea will run a company-funded promotional campaign designed to increase foot traffic and boo

Hanwha Group’s three major defense affiliates -- Hanwha Aerospace, Hanwha Systems and Hanwha Ocean -- are stepping up efforts to expand into the Latin American defense market, using Chile as a strategic gateway. On Monday, the three companies participated in “Korea Defense Day 2025” held in Santiago, Chile, where they showcased key defense solutions tailored for the region. Jointly organized by KOTRA and the Embassy of the Republic of Korea in Chile, the exhibition aimed to support Korean defens

The French-Korean Chamber of Commerce and Industry, the third-largest foreign chamber in Korea, announced Wednesday that it will be hosting the 2025 edition of its annual French-Korean Career Forum on May 15 in Seoul. Organized in collaboration with the Cultural Service of the French Embassy in South Korea, the Korea Chamber of Commerce and Industry and partners such as CCIP and France Alumni, the event highlights the role of the French language in shaping global careers. Open to students, gradu