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US Army acquisition chief inspects Hanwha’s K9 production

A senior US Army acquisition official inspected Hanwha Aerospace’s artillery production facilities in South Korea shortly after the company secured a contract to deliver prototype howitzers for an Army modernization program. Hanwha said Wednesday that Brent G. Ingraham, assistant secretary of the US Army for acquisition, logistics and technology, visited its Changwon facilities in South Gyeongsang Province on Aug. 26 with a US delegation. Ingraham is the US Army acquisition executive, who overse
LIG D&A targets Nordic market with uncrewed vessels

LIG Defense & Aerospace is targeting the Nordic defense market with uncrewed maritime systems designed for surveillance, mine detection and infrastructure protection, the company said Wednesday. At DALO Industry Days 2026, held Aug. 19-20 in Herning, Denmark, the company showcased its Sea Sword unmanned surface vessel, Harbor Underwater Surveillance System and autonomous underwater vehicle for mine detection. It also displayed the AT-1K Raybolt antitank guided missile. The head of the Danish Min
Youngone details solar, healthcare push in ESG report

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
Chung Ho names first CEO under Carlyle ownership

Chung Ho Group named Choi Jin-hwan group CEO and president of Crystal Holdings Korea, its holding company, on Tuesday, following Carlyle’s acquisition of the home appliance group in August. Choi will oversee Chung Ho Group’s strategy and growth while working with the heads of its operating units, including Chung Ho Nais, Microfilter, MCM and Nais Engineering. The group also appointed Jeong Chang-kook as CEO of Chung Ho Nais, Microfilter and MCM, while Jung Se-hyung will lead Nais Engineering. Ch
Franklin Templeton names new Korea chief

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
N Seoul Tower opens early-bird sales for Namsan Wine Festa

N Seoul Tower has opened early-bird ticket sales for the Namsan Wine Festa slated for Oct. 12 to Nov. 8, its operator CJ Foodville said Monday. Titled “Fall in R.E.D. Festa,” the event will bring together wine, food and seasonal activities against the backdrop of Namsan’s fall foliage. The program includes Namsan Wine Festa and Autumn Taste Road, featuring limited-time menu items from food and beverage outlets at the tower. Namsan Wine Festa takes place Oct. 17-18 and Oct. 24-25 at the N Seoul T
Korea, Japan business groups deepen supply chain ties

Leading business groups from South Korea and Japan agreed Monday to deepen cooperation in supply chains, energy security and emerging industries, as Korea Chamber of Commerce and Industry Chairman Chey Tae-won called for broader economic integration between the neighboring countries. The KCCI and the Japan Chamber of Commerce and Industry held their 15th leaders’ meeting at the Westin Sendai in northeastern Japan under the theme “The Korea-Japan Future Starts in the Regions.” Chey, who also chai
Lotte Wellfood launches K-Snack House pop-up in Myeong-dong

Lotte Wellfood said Sunday it opened a K-Snack House pop-up at Lotte Department Store’s Main Store in Myeong-dong, central Seoul, to promote Korean snacks to overseas tourists. The launch comes amid record inbound travel to the capital. According to the Seoul Metropolitan Government, 1.61 million foreign tourists visited Seoul in July, the highest monthly figure on record. Located at Kinetic Stage A on the ninth floor, the pop-up runs through Sept. 10, showcasing Pepero and other signature produ
CJ Logistics shifts focus to profitable global growth

CJ Logistics said Sunday it would accelerate its overseas expansion in the second half as it shifts its focus from scale to profitable growth. At a town hall meeting held Thursday at the company’s Seoul headquarters, CEO Shin Young-soo reviewed first-half performance and outlined priorities for the rest of the year. Shin said parcel volumes and fulfillment sales rose by double digits in the first half despite difficult business conditions. The company also improved productivity and cost competit
Toss launches prepaid card for newly arrived international students

Toss is providing prepaid cards to international students at 15 universities across Korea, allowing them to make payments before opening a local bank account. Newly arrived students often face a gap in access to financial services because obtaining a foreigner registration card and opening a Korean bank account can take time. The Toss prepaid card requires no domestic bank account and can be used for online and in-store purchases. Students can collect the card from the international office at a
Krafton unveils five titles, outlines global franchise strategy at Gamescom 2026

Krafton unveiled five upcoming games at Gamescom 2026 in Cologne, Germany, on Wednesday, as the Korean game developer seeks to build its next generation of long-running global franchises. The company presented “No Law,” “Project Zeta,” “Age Twisters,” “Tarae: The Unbound” and “PUBG: DED.NET” during its third annual Krafton Media Day at Koelnmesse. The lineup spans open-world shooting, tactical competition, cooperative adventure and action role-playing, reflecting Krafton’s efforts to experiment
Hyundai Mobis presents 40 smart manufacturing technologies at M-Sphere 2026

Hyundai Mobis showcased around 40 smart manufacturing technologies at its M-Sphere 2026 exhibition, demonstrating how artificial intelligence, robotics and digital twins are being used in the production of automotive parts. The two-day event opened Wednesday at the Quantum Center in Uiwang, Gyeonggi Province, drawing about 1,000 industry officials, including representatives from partner companies. Under the theme “Beyond Challenge, Into Reality,” Korea’s largest auto parts supplier organized the
Red ginseng gains attention as summer fatigue aid

Recent research suggests red ginseng could help reduce fatigue, as prolonged heat and tropical nights leave more people struggling with poor sleep and low energy. A 2025 study published in the Journal of Ginseng Research followed 46 adults aged 40-60 who regularly experienced fatigue. Participants were randomly assigned to receive either red ginseng extract or a placebo for three weeks. By the end of the trial, the red ginseng group recorded significantly lower scores on a visual analog scale us
Lotte doubles down on Chuseok gift preorders

Lotte Department Store has expanded its Chuseok gift inventory and preorder period after advance sales more than doubled during the latest holiday season. The retailer is taking preorders for about 190 gift sets, including Korean beef, seafood, fruit and groceries, at discounts of up to 50 percent at stores nationwide through Sept. 3. With Chuseok arriving earlier this year, Lotte extended the preorder period and increased supplies of some popular products to as much as twice last year’s level.
Visa appoints 20-year veteran as Korea, Mongolia chief

Visa appointed Kunal Chatterjee as its new president for Korea and Mongolia on Wednesday, tasking him with accelerating digital payment growth in the two markets. Chatterjee will oversee Visa’s business strategy and strengthen relationships with financial institutions, merchants and other partners in Korea and Mongolia. He has spent nearly 20 years at Visa, holding leadership positions across product innovation, client management and business development in the Asia-Pacific region. Most recently