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South Korea’s major e-commerce entity, Coupang, is facing a class-action lawsuit from investors in a US court over alleged violations of securities laws. The lawsuit is in relation to a significant cybersecurity breach that led to the exposure of personal…
SK Telecom (SKT) and SK AX have entered into a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to stimulate a significant expansion in Korea’s AI cloud sector. This partnership will bolster the rapid development of AI infrastructure,…
The rising popularity of South Korean culture, often referred to as the ‘Korean Wave’, is driving record numbers of international tourists to the country. In response, South Korean retailers are intensifying their marketing strategies to cater to the growing…
South Korea’s retail industry is swiftly growing its private label (PB) business by extending beyond food and household items to include clothing, innovative digital platforms, and even international markets. This expansion comes as firms ranging from…
Homeplus Co, a discount store chain experiencing financial troubles, disclosed on Wednesday its plans to shut down 15 outlets due to increasing operational challenges in the business environment. Undergoing a court-led rehabilitation process since March this…
Bolloré Logistics Korea recently installed an urban farm on its office rooftop building in Seoul, South Korea, as part of the Group’s initiative to promoting “Green Projects” and protecting biodiversity. Urban farming is a practice of growing your own food in…
On the heels of two Costco stores in South Korea beginning the transition to sourcing chilled beef from US sources, with the remaining 11 to make a similar shift from Australian beef to US imports, officials from the Iowa Beef Industry Council (IBIC) were…
