Topic
2,065 stories in this topic
South Korea has taken a significant step forward in its pursuit of leadership in artificial intelligence by unveiling the National AI Strategy Committee. The Ministry of Science and ICT announced that the Cabinet endorsed the committee’s formation during a…
Berjaya Food, a Malaysia-based company, has recently reported a significant increase in losses and a decrease in sales for both their fourth quarter and the entire fiscal year. Berjaya Food, which operates Starbucks Coffee in Malaysia and Brunei, along with…
Chanel, the renowned French luxury brand, has recently launched a duplex store in partnership with Shilla Duty Free at Seoul’s Incheon International Airport. This store, situated in Terminal 2, is a reflection of the brand’s signature style, featuring a…
In a remarkable shift towards digital finance, South Korea’s payment card market—encompassing both point-of-sale (POS) payments and ATM withdrawals—is projected to grow by 3.8%, reaching an impressive $1 trillion (KRW1.4 quadrillion) by 2025, as revealed in a…
Starlink has navigated the final regulatory waters needed for its satellite communication services to make a significant entry into South Korea. The Ministry of Science and ICT, along with the National Radio Research Agency (RRA), confirmed that the…
VAST Data has announced an ambitious partnership with SK Telecom (SKT) to create Korea’s most advanced sovereign artificial intelligence (AI) infrastructure, utilizing the latest NVIDIA Blackwell accelerated computing platform. This collaboration aims to not…
Starlink is all set to beam into South Korea, having cleared the final administrative hurdles needed to launch its satellite communication services in the region. The Ministry of Science and ICT, along with the National Radio Research Agency (RRA), confirmed…
Misto Holdings, the parent company of Fila, has announced robust performance for its second quarter, with its consolidated revenue showcasing a 4.5 percent leap from the previous year to reach 1.23 trillion won ($888.8 million). The growth in operating profit…
In a strategic move to enhance customer satisfaction, Starbucks has implemented a new policy across all its locations in South Korea, urging patrons to leave behind bulky devices when they step away from their tables. Announced Thursday, every store has…
The South Korean quick-service restaurant chain, Lotteria, is set to enter the Malaysian market by the end of the current year. This move is a result of a strategic alliance with the local firm, Serai Group. Exclusive Partnership with Serai Group As part of…
In a promising turn of events, Shiseido reported an uptick in net profits for the first half of the year, crediting proactive restructuring moves in Japan and China. Yet, while the Japanese cosmetics powerhouse shows signs of recovery, turbulence within its…
South Korean retail behemoth Coupang has experienced substantial growth this year, boasting a record revenue of $8.52 billion in Q2, a rise of 19% year-over-year with an FX-neutral basis. This marks the first time the company has surpassed the $8 billion…
SK Telecom has made waves in the tech sector with its selection as a core team for the ‘Proprietary AI Foundation Model’ project, an initiative spearheaded by the Ministry of Science and ICT (MSIT). This collaborative effort aims to create a robust full-stack…
Rodrigo Pizarro has been announced as the new Chief Executive Officer for L’Oreal Korea, effective immediately. Pizarro brings an impressive 30-year experience from within the L’Oreal organization to the role. Three Decades of L’Oreal Experience Pizarro’s…
South Korea is gearing up for a significant boost in its nuclear power generation, with projections indicating an increase to 222.7 terawatt-hours by 2035. This growth reflects a compound annual growth rate (CAGR) of 2.4% from 2024 to 2035, according to…
In South Korea, the rise in food prices has led to an increase in demand for ultra-low-cost products, specifically those priced under 1000 won. This surge in demand has prompted convenience stores to grow their range of super-value items. 7-Eleven’s…
