US beef industry urges Trump to push Korea to lift import ban on beef from older cattle

A US livestock industry group has denounced South Korea’s ban on importing US beef from cattle older than 30 months, labeling it an "unfair trade practice" and urging President Donald Trump’s administration to push for its removal. On Wednesday, the Office of the United States Trade Representative submitted an opinion letter addressing unfair trade practices by US trading partners, drafted by the National Cattlemen’s Beef Association. In the letter’s section on Korea, the NCBA acknowledged that

March 12, 2025

Korean Air unveils new corporate identity ahead of Asiana integration

First rebranding in 40 years signals Korean Air's global, modern future: Walter Cho Korean Air unveiled its refreshed corporate identity on Tuesday, marking a new chapter following its 1.8 trillion won ($1.24 billion) acquisition of Asiana Airlines. The updated design features a modernized version of its iconic taegeuk symbol. The launch event took place at the airline’s headquarters in Incheon, bringing together more than 1,000 employees, industry representatives and members of the media. "I be

March 11, 2025

Korean firms on alert as shareholder activism hits record levels

83 percent of listed companies expect activism to rise if new corporate governance laws are passed: KCCI survey South Korean listed companies are increasingly wary of the growing influence of minority shareholder activism, fearing it could lead to excessive management interference and short-term profit-driven demands. As the annual general shareholders meeting season approaches, shareholder activism is intensifying like never before with a noticeable shift in dynamics, according to the Korea Cha

March 9, 2025

Korean hangover cures ride global wellness wave

Once a niche market catering primarily to the country's binge-drinking culture, Korean hangover remedies are now gaining global traction, amid rising demand for functional wellness products. According to market tracker Grand View Research, Korea's hangover remedy market, valued at $288.11 million in 2022, is projected to surpass $1 billion by 2030. On a global scale, market tracker Global Market Insights estimates that the hangover remedy market will expand from $1.9 billion in 2022 to $6.8 bill

March 8, 2025

Shinsegae banks on Emart, Starbucks as growth drivers

Shinsegae Group Chairman Chung Yong-jin marked his first anniversary in office by unveiling a two-track strategy focused on achieving "market dominance" and "business normalization," the group announced Wednesday. The strategy aims to secure a strong competitive edge in the group's leading affiliates, including Emart and Starbucks, while restoring full operational stability in e-commerce and construction to lay a solid foundation for future growth. “The more challenging the economic conditions a

March 5, 2025

[Photo News] Korean Air marks 56 years with 'KE Way'

Hanjin Group and Korean Air Chairman and CEO Walter Cho celebrates Korean Air's 56th anniversary on Tuesday at the airline's Seoul headquarters, unveiling "KE Way," a bold new corporate value system designed to propel the airline's journey as a leading global carrier. (Korean Air)

March 4, 2025

Celltrion secures FDA approval for bone disease biosimilars

Celltrion announced Tuesday that its biosimilars Stoboclo and Osenvelt, referencing bone disease treatments Prolia and Xgeva (denosumab), have received marketing approval from the US Food and Drug Administration. Stoboclo is approved for treating postmenopausal osteoporosis in women, while Osenvelt is indicated for the prevention of skeletal-related complications in cancer patients with bone metastases and for giant cell tumors of bone. Both products have been approved for all indications covere

March 4, 2025

Biggest labor groups call for Yoon Suk Yeol's 'immediate' impeachment

Korea’s two largest labor unions sharply criticized President Yoon Suk Yeol’s Saturday morning public address, demanding his immediate impeachment. The Korean Confederation of Trade Unions, the larger union with more than 1 million members, released a statement following the address. It declared, “An apology cannot excuse the crime of rebellion,” and called for Yoon’s immediate impeachment and arrest. “The president must face legal consequences for treason, an

Dec. 7, 2024

President Yoon Suk Yeol's old high school suspends uniform policy to protect students

The high school President Yoon Suk Yeol and his key aides graduated from has decided to suspend its uniform requirement to protect students from possible abuse from an angry public. In a letter to students and parents on Thursday, Choongam High School said the decision aims to prevent their students from facing “unfair treatment by certain inconsiderate individuals" on the way to and from school. "We will allow them to wear casual attire (instead of school uniforms) starting Mo

Dec. 7, 2024

Incheon Airport tightens shoe screening for travelers

Starting Thursday, passengers departing through Incheon International Airport wearing shoes with heels taller than 3.5 centimeters will be required to remove their shoes during the security screening process. Previously, such a rule was only enforced in "suspicious" cases, but the updated regulation now applies it uniformly. The enhanced shoe screening measures are being implemented at both Terminal 1 and Terminal 2 and apply to all passengers using the cylindrical security scanners. &

Dec. 5, 2024