K-pop band aespa selected as global ambassador for Amore Pacific's hair cosmetic brand

SEOUL -- K-pop sensation aespa has been chosen as the global ambassador for Amore Pacific's hair cosmetic brand, Mise en Scene, in a strategic move to captivate Asian K-pop enthusiasts. Amore Pacific, South Korea's leading cosmetics manufacturer founded in 1945, has solidified its position as a pioneer in the beauty industry, offering a diverse range of skincare and haircare products catering to all age groups. Renowned for its collaboration with top celebrity brand amb

February 28, 2024

Pulmuone selected as most admired S. Korean food company

SEOUL -- South Korea's food company Pulmuone was picked as the most respected domestic food maker by the Korea Management Association Consulting (KMAC), a major consulting group. The company has received an award from the non-profit organization, which recognizes outstanding companies based on their innovation capacity, shareholder value, and consumer trust. Pulmuone secured the top position in the general food sector based on the KMAC's survey of 11,800 people conducted b

February 28, 2024

S. Korean battery maker Samsung SDI makes foray into Viet Nam's electric motorcycle market

SEOUL -- South Korea's battery manufacturer, Samsung SDI, has entered Viet Nam's electric motorcycle market, capitalizing on the country's transition towards clean-energy transportation. With over 65 million motorcycles registered and operational in Viet Nam as of 2022, the market presents significant opportunities for electric two-wheelers. Approximately 10 percent of newly registered motorcycles in Viet Nam are powered by battery packs, reflecting a growing trend tow

February 27, 2024

[MWC 24] SK Telecom to establish joint venture with global telecom companies for large language model project

BARCELONA -- South Korea's major mobile carrier SK Telecom agreed with four global telecom companies -- Germany's Deutsche Telekom, United Arab Emirates-based e&, Singapore's Singtel, and Japan's SoftBank -- to set up a joint venture targeting the artificial intelligence market. The joint venture aims to develop a multilingual large language model, a deep learning-based artificial intelligence algorithm that understands, summarizes, and generates content in differ

February 27, 2024

Online shopping mall Gmarket partners with counterpart Shoppy to expand products in Mongolia

SEOUL -- Popular ecommerce platform Gmarket has partnered with its Mongolian counterpart, Shoppy, to assist South Korean sellers in expanding their product reach. The Seoul-based online shopping mall operator aims to target consumers already familiar with South Korean products, following the successful entry of major South Korean convenience stores into the Mongolian market. The demand for South Korean products, especially food items like snacks and instant noodles, is high in Mon

February 26, 2024

S. Korean athleisure wear maker to open mega-sized 'pop-up store' in Japan to attract more offline customers

SEOUL -- Andar, a popular South Korean athleisure brand, will open a mega-sized, two-story pop-up store in an Osaka, Japan department store. The brand aims to attract more Japanese customers through offline experiences after gaining popularity on Japanese ecommerce platforms. Athleisure clothing gained popularity in South Korea over the last decade as people sought comfortable, versatile clothes for indoor training like Pilates and CrossFit. This trend, particularly favored by you

February 26, 2024

[MWC 24] 'MWC' becomes showcase venue for 2,400 global tech firms

BARCELONA -- Some 2,400 global companies will participate in the Mobile World Congress, an annual mobile device exhibition held in Barcelona from February 26 to February 29. With the theme titled "Future First," exhibitors will present artificial intelligence and other high-tech solutions during the four-day event visited by more than 90,000 people. The annual tech event, run by the mobile industry network Global System for Mobile Communications (GSMA), is one of the l

February 26, 2024

Online apparel giant Musinsa to kick-start incubator program for fashion designers

SEOUL -- South Korea's online apparel giant Musinsa will kick-start its incubation program for fashion designers who dream of launching their own startups and ventures. The online shopping mall operator has been nurturing young designers through a series of incubation programs including a mentoring system that connects veteran designers and those who just stepped into the professional world of fashion. Established in 2003 as a small online fashion community, Musinsa has since

February 26, 2024

LG Energy Solution signs supply deal with China's Changzhou Liyuan to receive 160,000 tons of cathode materials

SEOUL -- LG Energy Solution, the battery-making wing of South Korea's LG Group, signed a supply deal with China's Changzhou Liyuan New Energy Technology to receive about 160,000 tons of cathode materials for five years. This amount is enough to produce one million batteries for electric vehicles with maximum travel distances of more than 400 kilometers. Cathode materials play a crucial role in determining the capacity and voltage of batteries. Changzhou Liyuan New Energy T

February 22, 2024

S. Korean web comics app thrives in Japan, reaching $665 mln in annual transactions

SEOUL -- South Korean web comics app service Kakao Piccoma, a Japanese webtoon subsidiary of web service giant Kakao, achieved the top spot as Japan's highest-earning smartphone app service operator in 2023. This success stands out, considering Japan's strong association with "manga," iconic Japanese-style comic books like "Dragon Ball Z," "Naruto," and "One Piece." Webtoons, formerly known as web comics, are digital comic books opti

February 22, 2024