Crispy, double-fried, and an inseparable companion to cold beer, fried chicken is South Korea's beloved go-to snack for everything from sports viewing to late-night hangouts. But the country's $5.7 billion fried chicken industry, the world's third largest behind the United States and China, is showing signs of market saturation with a growing franchise dominance. Recent data from the Korea Fair Trade Commission and Statistics Korea paint a picture of a sector in flux as major fran

Consumer Aug. 26, 2024

Skeletal remains of a man in his 70s were discovered Thursday in a defunct motel in Ora-dong, Jeju City, police said Friday. The deceased, believed to be a former welfare recipient, had reportedly been living in the facility before its closure in 2019. Welfare officials had placed him on a watch list after losing contact in August 2020. An official conducting a premises check located the remains in a room of the abandoned building and alerted local authorities around 9:36 am Thursday. Investigat

Social Affairs Aug. 23, 2024

A group of vacationers inadvertently triggered a national security investigation after a photo of their gathering with a banner jokingly referring to it as a "Communist Party" meeting circulated online. The image, which showed approximately 20 individuals including children under a banner reading "Inaugural Korean Communist Party Family Summer Camp," quickly spread across online forums, leading multiple concerned citizens to file espionage complaints with the authorities. On

Social Affairs Aug. 22, 2024

This summer’s relentless heat wave isn’t just driving up temperatures – it’s also affecting tap water. On Tuesday, several cities in the Seoul metropolitan area, including Incheon and Anyang, and Gwacheon of Gyeonggi Province, issued public alerts following resident complaints about an unusual grassy odor coming from faucets. The culprit, officials said, is a widespread algae outbreak in the water reservoirs, triggered by months of scorching heat. The unpleasant smell com

Social Affairs Aug. 21, 2024

In a groundbreaking moment for Korean astronomy, the International Astronomical Union has named a lunar crater after 19th-century Joseon-era polymath Nam Byeong-cheol, marking the first time a Korean name has been assigned to a feature on the moon's surface. The Danuri Magnetic Field Payload Research Team from the Department of Space Exploration at Kyung Hee University said Monday that a crater on the far side of the moon, discovered through international collaborative research, has been na

Social Affairs Aug. 20, 2024

South Korea's Ministry of Labor and Employment has recognized a YouTube production staff member injured during a video shoot as an "employee" and thus eligible for industrial accident insurance coverage, in a decision that could potentially pave the way for extended labor protections for gig workers in the content industry. According to local reports Monday, the ministry's decision came on Aug. 8 with regard to the case filed by Lim Dong-seok, a man in his 20s who had worked

Social Affairs Aug. 19, 2024

South Korean sports apparel firm Fila Holdings reported a jump in second-quarter profits, driven by robust performance from its golf equipment subsidiary and strong brand momentum abroad. According to its recent earnings report Friday, its revenue rose 2.5 percent year-on-year to 1.18 trillion won ($887 million) in the April-June period. Its operating profit surged 52.4 percent to 140.15 billion won. Its US subsidiary, Acushnet, in particular, reported 937.77 billion won in sales, driving up the

Industry Aug. 16, 2024

Namyang Dairy Products, one of South Korea's largest dairy companies, is embarking on a major overhaul under new ownership to shed its scandal-ridden past. On Friday, the company’s newly appointed board of directors announced a series of reform measures aimed at rebuilding the company’s reputation and regaining consumer trust. "We're establishing guidelines for law-abiding business practices to prevent illegal activities," said Lee Sang-wook, Namyang's chief compliance dire

Industry Aug. 16, 2024

South Korean apparel manufacturer Hansae signed a memorandum of understanding with the Korea American Football Association to promote American football, a sport still unfamiliar to many in Korea, the company announced Wednesday. Hansae and KAFA officials convened at the apparel-maker's Seoul headquarters on Tuesday to sign the deal and discuss joint initiatives. Under the partnership, the groups plan to provide uniforms for Korea's national teams and sponsor an amateur football league.

Industry Aug. 14, 2024

South Korea's flag carrier Korean Air and US defense company L3Harris Technologies co-hosted an Industry Day event Tuesday to discuss ways to bolster aerial surveillance and monitoring capabilities. The gathering brought together executives and officials from over 30 domestic and international defense firms, including Israel Aerospace Industries, ELTA Systems and LIG Nex1 at the Air Force Hotel in Seoul. The event comes as the Korean Air Force looks to ramp up its surveillance and reconnais

Industry Aug. 14, 2024

As climate change continues to threaten plant ecosystems worldwide, the Korea Arboreta and Gardens Institute is drawing increased attention as a key player in protecting biodiversity both locally and abroad. Operating under the state-run Korea Forest Service, KoAGI's primary task is managing the Baekdudaegan Global Seed Vault in Bonghwa, North Gyeongsang Province. Opened in December 2015, the vault houses nearly 240,000 seeds from 5,792 wild plant species worldwide and is one of only two su

Industry Aug. 13, 2024

A global gathering of botanical experts convened Wednesday at the National Arboretum in Sejong, South Korea, to address the pressing issue of plant biodiversity conservation in an era of climate change. The international symposium, jointly hosted by the Korea Arboreta and Gardens Institute (KoAGI), Korea Forest Service and Korea National Arboretum, brought together 100 leading specialists from across the globe to hash out collaborative strategies for protecting the planet's flora. Dr. Paul

Industry Aug. 13, 2024

South Korean biopharmaceutical firm Celltrion has received US Food and Drug Administration approval to kick off advanced clinical testing for CT-P51, a biosimilar of the breakthrough cancer drug Keytruda, the company announced Monday. CT-P51 replicates the effects of pembrolizumab, marketed under the brand name Keytruda by Merck & Co., known as MSD outside North America. An immunotherapy agent enhancing the body's immune response against cancer cells, pembrolizumab has demonstrated effi

Industry Aug. 12, 2024

Innocean, the marketing communications arm of Hyundai Motor Group, said Monday that it has named Susanne Plumecke, an automotive marketing specialist, as its new European chief operating officer. Plumecke is an industry veteran with over 20 years of experience in marketing brands, mostly carmakers. Plumecke held leadership positions at global marketing companies, including DDB and Mediamonks. Most recently, she oversaw the branding strategies of BMW and Mini as managing director of Mediamonks. I

Industry Aug. 12, 2024

HD Hyundai Marine Solution has secured a $30 million contract with a European maritime firm to develop an LNG floating storage unit, its first such project, the company announced Sunday. The project will convert a 2004-built, 138,000-square-meter Spanish carrier into an FSU capable of gas storage and offloading. HD Hyundai will manage the entire turnkey project from design through delivery. "Carrier-to-FSU conversions are complex projects that demand high-level engineering skills," a c

Industry Aug. 11, 2024