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McDonald’s Korea wraps up 2026 manager convention
McDonald's Korea said Thursday it had successfully concluded its 2026 Manager Convention, bringing together some 1,400 managers from around 400 restaurants nationwide. Held in three separate two-day sessions throughout February, the convention was designed to recognize the efforts of restaurant managers responsible for day-to-day operations across the country and to strengthen organizational solidarity and pride. Participants discussed key operational priorities for the year ahead while attendin
Feb. 27, 2026 -
Olive Young to hold weeklong spring beauty sale
CJ Olive Young said Thursday it will hold its first seasonal sale of the year, affectionately called "Ol-Young Sale," from March 1-7, offering discounts on some 30,000 beauty and wellness products at stores nationwide and through its online mall. The spring sale features a wide range of seasonal items, from cosmetics suited for the new school term to skin care and body care products designed for dry transitional weather. Products are curated under themed keywords to enhance the shopping experien
Feb. 27, 2026 -
Musinsa Empty enters Galleria, steps up luxury push
Musinsa’s curated fashion boutique Musinsa Empty has opened a new store at the Galleria Department Store luxury hall in Apgujeong in southern Seoul, stepping up its push into the high-end fashion segment. The store, which officially opened Thursday on the third floor of Galleria Luxury Hall West, marks Musinsa Empty’s first entry into a major department store and its third offline location. The move is aimed at expanding its presence in a district known for concentrated luxury demand while upgra
Feb. 27, 2026 -
Lotte, Hyundai win approval to operate new duty-free zones at Incheon airport
Lotte Duty Free and Hyundai DF Co. said Thursday they have received approval to operate duty-free zones vacated by two retailers at Incheon International Airport. Lotte and Hyundai submitted bids in January for licenses to operate the DF1 and DF2 zones. Last month, Incheon International Airport Corp. (IIAC), the operator of the country's main gateway, selected the two companies as preferred bidders. The previous operators, Shinsegae Duty Free Inc. and Hotel Shilla Co., relinquished their license
Feb. 26, 2026 -
SKC to raise W1tr for glass substrates, debt reduction
SKC said Thursday it will raise about 1 trillion won ($750 million) through a rights offering to accelerate growth in future businesses and improve its financial health. The board approved the capital increase, which will be carried out through a shareholder allocation followed by a public offering of unsubscribed shares. The record date is April 7, with subscription scheduled for May 14–15. The final offering price will be determined in mid-May. SK Inc., SKC’s largest shareholder with a 40.64 p
Feb. 26, 2026 -
Korea's market rally shifts tone in shareholder activism
Activist hedge funds were once treated as unwelcome agitators in South Korea, often turned away at corporate doorsteps. Wary of short-term pressure and hostile campaigns, management viewed them as disruptive forces threatening their control and stability. While a full detente has yet to emerge, the mood is shifting. Amid a blistering stock market rally, shareholder activism has moderated, as rising valuations ease the urgency for direct confrontation. On top of that, corporations appear increasi
Feb. 26, 2026 -
Why Jollibee is leaning into K-food ahead of US listing
Jollibee Foods Corp., the Filipino fast food giant behind the namesake brand, has turned to South Korea for its latest acquisition, adding a hot pot restaurant chain to its global portfolio, in a move that appears aimed as much at Wall Street as at regional expansion. On Feb. 20, Jollibee agreed to acquire All Day Fresh, operator of hot-pot chain Shabu All Day, for $87 million through its Korean unit, Jolli-K Co., alongside private equity firm Elevation Equity Partners. The Manila-based company
Feb. 26, 2026 -
AmCham, US Embassy join hands in Freedom 250 initiative
The American Chamber of Commerce in Korea and the US Embassy in Seoul have signed a memorandum of understanding to formally collaborate on "Freedom 250," a yearlong initiative marking the 250th anniversary of the founding of the United States. The purpose of Freedom 250 is to commemorate ideals that shaped the US: liberty, opportunity and innovation. In Korea, the initiative also serves as an occasion to reflect on the broader trajectory of the alliance. The partnership is intended to underscore
Feb. 26, 2026 -
SK hynix, Sandisk team up on next-gen HBF standards
SK hynix and Sandisk have agreed to jointly pursue global standardization of High Bandwidth Flash, a next-generation memory technology designed to improve artificial intelligence inference systems, the companies said Thursday. The two chipmakers launched the HBF Spec Standardization Consortium at Sandisk’s headquarters in California, announcing plans to form a dedicated workstream under the Open Compute Project, the world’s largest open data center technology initiative. The workstream will focu
Feb. 26, 2026 -
SK’s Chey meets Vietnam party chief to expand energy ties
SK Group Chairman Chey Tae-won met To Lam, general secretary of Vietnam's Communist Party in Washington to discuss cooperation in the energy and industrial sectors. According to a LinkedIn post by consulting firm The Asia Group on Thursday, the meeting took place on Feb. 20 during a TAG-hosted event in Washington. SK Innovation CEO Choo Hyeong-wook and TAG Chairman Kurt Campbell attended the talks. Chey was visiting Washington to attend the Trans-Pacific Dialogue hosted by the Chey Institute for
Feb. 26, 2026 -
OCI completes $394m financing for Texas solar project
OCI Holdings said Thursday it has completed project financing for a 260-megawatt solar power plant in Texas, accelerating its push into long-term renewable energy infrastructure investment in the United States. Its US subsidiary, OCI Energy, secured a $394 million financing package Monday for the Sun Roper project, a 50:50 joint venture with Israel-based Arava Power established in February 2025. ING Capital acted as the sole lead arranger. Located in Wharton County, the utility-scale solar facil
Feb. 26, 2026 -
STgen Bio to invest W110b to boost capacity for global expansion
STgen Bio announced Thursday that it will expand its first plant to meet rising demand for high-titer biopharmaceuticals. This capacity boost involves adding midsize facilities suitable for multiproduct production, aimed at expanding the company’s business portfolio and securing global orders. The investment of approximately 110 billion won ($77 million) will be used to expand drug substance and drug product production facilities and establish related infrastructure. Production capacity will inc
Feb. 26, 2026 -
Hana Bank, K-Sure pledge W5tr to back Korean exporters
Hana Bank is stepping up its productive finance push with K-Sure, committing 5 trillion won ($3.5 billion) over three years to support local exporters, a key pillar of Korea’s export-driven economy. The lender said a signing ceremony was held in Seoul on Wednesday, attended by Hana Bank CEO Lee Ho-sung, Trade Minister Kim Jung-kwan and K-Sure CEO Jang Young-jin. The agreement establishes a strategic partnership between Hana Bank and the state-run trade insurer, with the two sides pledging to cha
Feb. 26, 2026 -
HD Construction Equipment to debut next-gen lineup at CONEXPO
HD Construction Equipment will debut nine next-generation machines at Conexpo-Con/Agg 2026, North America’s largest construction trade show, to be held March 3-7 at the Las Vegas Convention Center. The exhibition marks the company’s first major global showcase as an integrated corporation and comes as the US construction market shows signs of recovery. The Korean manufacturer will operate three booths under its Hyundai, Develon and Engine brands. On the opening day, it will host an unveiling sho
Feb. 26, 2026 -
SK Bioscience secures first EU vaccine project with IDT
SK Bioscience said Wednesday it has secured its first European Union-backed vaccine development project alongside German subsidiary IDT Biologika, marking a key milestone one year after the acquisition. The company was selected for Phase 1 of a next-generation vaccine initiative led by the European Health and Digital Executive Agency (HaDEA) under the European Health Emergency Preparedness and Response Authority. SK Bioscience and IDT will participate in a consortium with Australian vaccine plat
Feb. 26, 2026