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Samyang Foods joins government push to attract tourists from overseas

Samyang Foods is teaming up with South Korea’s Culture Ministry to translate the global popularity of its Buldak spicy noodles into visits to the country, combining the brand’s overseas reach with government tourism campaigns. The company said Friday it signed a memorandum of understanding with the Ministry of Culture, Sports and Tourism to jointly promote Korea to international travelers. A signing ceremony was held at Seoul’s National Museum of Modern and Contemporary Art, where both parties a
Kolmar’s China plant wins first overseas good manufacturing practice recognition

Kolmar Korea said Friday its Wuxi plant in China has received Cosmetic Good Manufacturing Practice recognition from South Korea’s Ministry of Food and Drug Safety, becoming the first overseas cosmetics factory operated by a Korean manufacturer to earn the designation. CGMP is a set of cosmetics manufacturing and quality-control standards administered by the ministry and aligned with the International Organization for Standardization’s cosmetics GMP guidelines. The evaluation covered the entire p
Hyundai Engineering pivots toward energy, AI infrastructure

Hyundai Engineering has unveiled a new corporate vision aimed at expanding beyond its traditional engineering, procurement and construction business into future energy and advanced industrial facilities. The company announced the vision Thursday at a ceremony at its Seoul headquarters, defining its corporate purpose as “making a better life with our technologies on a road that connects space and energy” and its future direction as becoming “a key player leading the evolution of the energy value
Mirae Asset's global ETF assets top W678tr

Mirae Asset Global Investments’ assets under management surpassed 678 trillion won ($471 billion), driven by strong inflows into its exchange-traded funds and growth across pensions and alternative investments. The milestone came at the end of June, following rapid growth from 250 trillion won in late 2022 to 500 trillion won in 2025. This is attributed to what it describes as a “killer product” strategy, which provides differentiated investment solutions to global investors. Its Tiger US S&P 5
HD Hyundai partners with Fraser Industries to empower US shipbuilding

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company for HD Hyundai’s shipbuilding businesses, said Thursday that it signed a business agreement with Fraser Industries LLC on modernizing US shipyards to revive the US shipbuilding industry. CEO Kim Hyung-kwan and Technical Advisor Shin Jong-gye of HD Korea Shipbuilding & Offshore Engineering and Patrick V. Kelly, CEO of Fraser Industries, attended a signing ceremony held in Washington. This agreement marks the first conc
P&G fosters local talent for global stage

P&G is expanding opportunities for Korean talent through a range of development initiatives, from cultivating specialized research and development professionals to offering global learning experiences through its internship program. P&G Korea, the Korean subsidiary of the US-based consumer goods giant, said Thursday that Noh Su-jin, a Korean employee, has been appointed as a perfumer following the completion of P&G's perfumer training program. Perfumers are among the industry's most specialized
Krafton unveils audio AI model for lifelike game characters

Krafton on Wednesday released its new audio foundation model, A.X K2 Raon-Speech, on global AI platform Hugging Face. The company is part of SK Telecom’s consortium participating in the Ministry of Science and ICT’s Independent AI Foundation Model project, where it leads research on next-generation multimodal models. A.X K2 Raon-Speech builds on Krafton’s existing Raon-Speech model. It combines the company’s proprietary voice encoder and audio codec with a compact language model based on SK Tele
Renault Korea’s Grand Koleos joins police patrol fleet

Renault Korea said Wednesday that its Grand Koleos Gasoline 2.0 Turbo 4WD has been selected for the National Police Agency’s multipurpose patrol vehicle program. The selection marks Renault Korea’s first entry into the segment for police vehicles with engines of 2 liters or larger. The agency is expanding and diversifying its patrol fleet, with the Grand Koleos chosen for its safety, driver comfort and performance in varied operating conditions. The model features BorgWarner’s sixth-generation a
Lotte E&C puts robot cleaners to work on construction sites

Lotte E&C has deployed autonomous floor-cleaning robots at a construction site to reduce repetitive work and improve operational efficiency. Construction-site cleaning has traditionally involved manually collecting debris and vacuuming dust, exposing workers to high dust levels and requiring them to wear protective masks for extended periods. To automate the process, Lotte E&C and robotics company TXR Robotics conducted a proof-of-concept trial of autonomous cleaners designed for construction en
Mom’s Touch picks Singapore as gateway to halal market

Korean burger chain Mom’s Touch said Wednesday it is entering Singapore through a master franchise agreement with FairPrice Group, the country’s largest retailer, as it seeks a springboard into Southeast Asia and the global halal market. Under the agreement, Mom’s Touch will provide its brand, menu and store-operating expertise, while FairPrice will oversee local development, operations and marketing. The partners plan to open more than 25 restaurants across Singapore over the next decade, focus
Coupang brings English beauty magazine to Seongsu

Coupang said it distributed an English edition of its beauty magazine on July 17 and July 25-26 in the Seongsu area in Seoul, targeting foreign tourists and residents. The magazine is the company’s annual publication featuring popular beauty brands, seasonal product recommendations and the latest beauty trends. This is the magazine’s fourth edition and the first one in English. Professional promoters handed out copies of the magazine and beauty product samples to foreign customers while also off
Ji Chang-wook named brand ambassador for Dreame Technology

Dreame Technology said Tuesday it has appointed Ji Chang-wook as its official brand ambassador for South Korea. Recognized as one of Korea's leading actors, Ji has earned widespread popularity for his versatile performances across television and film, also earning him a strong international fan base. The company selected Ji for his sophisticated, intelligent and trustworthy image, which reflects the Dreame brand's identity and vision of leading the global premium smart home market through innova
GS E&C completes TBM excavation for Melbourne highway project

GS Engineering & Construction announced Tuesday that it has completed tunnel boring machine excavation for a key section of Melbourne's North East Link highway project, marking a major milestone in the South Korean builder's first Australian infrastructure project. Two tunnel boring machines, each measuring 15.6 meters in diameter, reached their designated endpoints after completing their respective excavation sections, the company said. The breakthrough concludes a major phase of the project th
Posco Future M to apply AI across battery materials operations

Posco Future M said Tuesday it will apply artificial intelligence across its battery material business, from raw material procurement and manufacturing to product development, quality control and customer collaboration. The South Korean battery materials maker unveiled a companywide AI transformation strategy under a digital innovation vision called “Battery of Things Ecosystem Game Changer.” It plans to complete the related systems by the first half of 2028. Key manufacturing innovation goals i
Mom’s Touch opens 20th store in Mongolia

Korean burger chain Mom’s Touch said Monday that it has opened its 20th store in Mongolia, becoming the country’s second-largest quick-service restaurant brand by outlet count. The company entered Mongolia in September 2023 with a location inside E-mart Bayangol in Ulaanbaatar. Since then, it has opened more than six stores a year on average. Its 20th outlet, Nomin Macro, puts Mom’s Touch behind KFC, which operates 29 stores, but ahead of Burger King with 18. The company attributed its growth pa