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News
Hanjin Ramps Up U.K. Fulfillment Center for K-Beauty Demand
1+ hour, 45+ min ago (153+ words) Seoul Economic Daily Hanjin Transportation (002320.KS) said on the 14th that it is ramping up operations at the U.K fulfillment center it established in April, ahead of the year-end global shopping season The company plans to use the U.K site to…...
Jungheung Group Pays 70 Billion Won in Cash to Subcontractors
33+ min ago (274+ words) Construction Payments Made Fully in Cash Ahead of Chuseok Move Eases Wage and Material Costs for Partner Firms GWANGJU — Jungheung Group is again moving to ease the financial strain on its subcontractors, deciding to pay out 70 billion won ($50 million) in…...
Seoul Land Transaction Permit Filings Plunge 35% in August
55+ min ago (344+ words) Seoul recorded 3,012 land transaction permit applications in August, down 35% in a single month Down 66% from the April peak, the lowest since the citywide designation took effect Gangnam's three districts and Yongsan fell 0.34%, while northern Seoul rose 0.61% New applications for land…...
Samsung Heavy Wins FLNG Design Approvals at Gastech 2026
5+ hour, 43+ min ago (221+ words) Company Joins Gastech 2026 in Bangkok, Thailand, From the 14th to the 17th Samsung Heavy Industries (010140.KS) is showcasing its future energy technologies, including an in-house natural gas liquefaction system, at the world's largest energy exhibition. Chief Executive Choi Sung-ahn, who serves as…...
Korea Weighs Easing Tax on Non-Occupant Single-Home Owners
1+ hour, 10+ min ago (217+ words) ■AI PRISM [Real Estate News] Deputy PM Nominee Lee Hyung-il: "Hard to Call Non-Occupancy in Rebuilt Homes Speculation" Tax Agency Moves to Refund Overpaid Comprehensive Real Estate Tax to Co-Owning Couples Sole Bidding Spreads in Yeouido and Mokdong Rebuilding Projects…...
Regional National Universities Draw Surge in Applicants on Tuition Aid
1+ hour, 10+ min ago (211+ words) ■AI PRISM [Campus News] Applications to Regional Flagship National Universities Rise 5.2% Amid Hopes for "10 Seoul National Universities" Busan to Select 10,000 Non-Capital-Region Founders With Up to 500 Million Won in Support European Automakers Reshape Supply Chains Toward Korean Parts, Away From China…...
Coupang Brings Private-Label Brands Together at Seongsu Festival
6+ hour, 1+ min ago (237+ words) CPLB's First Offline Festival Since Its Founding Hands-On Programs Expanded, 120 Small Manufacturers Join CPLB, Coupang's private-label subsidiary, said on the 14th that it will hold the Coupang Only Festa from Sept. 17 to 20 at Anderson C in Seongsu-dong, Seongdong-gu, Seoul. It is…...
Food and Labor Costs Eat Up 71.6% of Korean Restaurant Sales
1+ hour, 51+ min ago (248+ words) Restaurants in South Korea are keeping less of what they earn, with food and labor costs exceeding 70% of sales for the first time last year. Costs are climbing faster than revenue, squeezing already thin margins across the industry. Food Costs…...
Busan to Cover 80% of Delivery Riders' Injury Insurance Premiums
8+ hour, 16+ min ago (341+ words) Up to 200,000 Won for About 4,000 Workers City Aims to Ease Burden Amid High Fuel and Living Costs BUSAN — The Busan city government will cover 80% of the industrial accident insurance premiums that platform workers such as delivery riders and substitute drivers…...
W Concept Says 200 Brands in TOPS Program Lift Sales 25%
2+ hour, 45+ min ago (183+ words) Fashion platform W Concept said on the 14th that brands taking part in the TOPS program, a small-business support initiative run with the Ministry of SMEs and Startups and the Korea SMEs and Startups Distribution Center, posted higher sales. Sales at…...