international travel
Scope
Date
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Private equity
IMM PE puts South Korea’s top travel agency Hanatour up for sale
IMM Private Equity Inc., a Seoul-based private equity firm, is selling its controlling stake in Hanatour Service Inc., South Korea’s top trave...
Mar 26, 2024 (Gmt+09:00)
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Carbon neutrality
Korea’s POSCO Int’l to work on CCUS, hydrogen businesses
POSCO International Corp., the general trading and resources exploration subsidiary of South Korea’s steel giant POSCO Holdings Inc., aims to ...
Mar 25, 2024 (Gmt+09:00)
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Artificial intelligence
Naver, named 3rd most innovative company in the Asia-Pacific
South Korea’s online giant Naver Corp. ranked as the third most innovative company in the Asia-Pacific by a top US business magazine for the p...
Mar 21, 2024 (Gmt+09:00)
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Travel & Leisure
Interpark Triple launches travel platform Triple Korea
South Korea's retail and travel platform Interpark Triple announced on Tuesday that it launched the travel platform Triple Korea for foreign touri...
Mar 19, 2024 (Gmt+09:00)
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Travel & Leisure
Yanolja, Interpark Triple, Modetour to team up for package travel
South Korea’s top travel and accommodation platform Yanolja Co., its subsidiary Interpark Triple, and Modetour Network Inc. announced on Tuesd...
Mar 12, 2024 (Gmt+09:00)
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Economy
S.Korea’s travel deficit widens to 1-year high in January
South Korea’s travel account deficit reached its highest level in one year in January as a greater number of Koreans spent their winter break ...
Mar 08, 2024 (Gmt+09:00)
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Retail
Duty-free shops at Incheon International Airport eager to lure boutiques
Duty-free shops at Incheon International Airport, South Korea’s main gateway, are fiercely competing to lure luxury brand boutiques to their o...
Mar 07, 2024 (Gmt+09:00)
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Machinery
POSCO International to build motor core plants in Poland, Mexico
POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., said on Monday it will build new trac...
Feb 26, 2024 (Gmt+09:00)
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Artificial intelligence
Naver expands Papago with Arabic translation, boosting global reach
South Korea's leading online portal Naver Corp. announced on Friday the addition of Arabic translation capabilities to its AI-driven translation ser...
Feb 02, 2024 (Gmt+09:00)
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Korean startups
South Korean apps for foreigners' daily life, travel on the rise
The South Korean mobile app market is seeing fast growth of platforms targeting foreign users in the country alongside their increasing demand for a...
Jan 22, 2024 (Gmt+09:00)
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Batteries
Korea's LX International buys Indonesian nickel miner for $100 mn
South Korean trading firm LX International Corp. said on Tuesday that it has acquired a 60% stake in Indonesian miner PT Adhi Kartiko Pratama (AKP)&...
Jan 16, 2024 (Gmt+09:00)
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Korean food
Bulgogi & ramyun top Jeju Air's in-flight menu in 2023
South Korea'st budget carrier Jeju Air Co. announced on Monday that its most popular in-flight meals and cabin cafe items in 2023 were bulgogi deopb...
Jan 15, 2024 (Gmt+09:00)
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Economy
S.Korea’s November travel account deficit doubles vs October
South Korea’s travel account deficit doubled to $1.28 billion in November 2023 compared to the previous month, narrowing the current account s...
Jan 09, 2024 (Gmt+09:00)
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Airlines
South Korean LCCs soar as long-haul carriers struggle
South Korea's low-cost carriers (LCCs) are enjoying a surge in demand as the country emerges from the COVID-19 pandemic, while major carriers are st...
Jan 09, 2024 (Gmt+09:00)
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Korean stock market
S.Korea launches official probe into HSCEI-tied ELS sale
South Korea’s financial authorities have opened an official probe into local banks and securities firms’ potential misselling of equity-...
Jan 08, 2024 (Gmt+09:00)
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Corporate strategy
POSCO International to step up global expansion after hefty profits
POSCO International Corp. will step up global expansion in 2024 with a focus on electric vehicle components, eco-friendly energy exploration and gra...
Jan 08, 2024 (Gmt+09:00)
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Travel & Leisure
Korean travel agencies enjoy surging overseas trip demand
South Korea’s travel agencies enjoyed strong demand for overseas trips, adding to hopes that their earnings are likely to improve further this...
Jan 05, 2024 (Gmt+09:00)
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Leadership & Management
POSCO Holdings’ Chairman Choi to hand over baton
POSCO Holdings Inc.'s Chairman Choi Jeong-woo is not among the company’s next CEO candidates, suggesting Choi will leave the company after ser...
Jan 03, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Korea’s 6G frequency bands picked as standard candidates
Sixth-generation (6G) communication frequency bands proposed by South Korea have been adopted as global standard candidates by the industry's freq...
Dec 18, 2023 (Gmt+09:00)
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Earnings
POSCO International foresees record-high profits for 2023
POSCO International Corp., a South Korean general trading and energy exploration company, is expected to post its highest-ever profits this year tha...
Dec 10, 2023 (Gmt+09:00)
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Electric vehicles
POSCO International wins green car parts orders from US, Europe
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., is accelerating i...
Dec 06, 2023 (Gmt+09:00)
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Travel & Leisure
Ananti to go solo in Busan without Hilton
Ananti Inc. will end its six-year-long partnership with Hilton Hotels & Resorts by removing the global hotel giant's nameplate from its luxury s...
Dec 01, 2023 (Gmt+09:00)
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Airlines
Asiana collaborates with China's Ctrip for live commerce broadcast
Asiana Airlines Inc. announced on Wednesday that it will conduct a live commerce broadcast in collaboration with China's largest online travel agenc...
Nov 29, 2023 (Gmt+09:00)
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Infrastructure
S.Korea to develop Batam airport as Indonesia's air hub
BATAM – State-run Incheon International Airport Corp. (IIAC) is accelerating the growth of Hang Nadim International Airport in Batam, Indonesi...
Nov 23, 2023 (Gmt+09:00)
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Hydrogen economy
World’s first test driving hydrogen train succeeds in Ulsan
The world's first test driving hydrogen-electric tram succeeded in Ulsan, South Korea. According to Ulsan Metropolitan Government officials, th...
Nov 16, 2023 (Gmt+09:00)
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Electronics
LG Elec’s vehicle systems plants running above full capacity
LG Electronics Inc.'s automotive electronics production plants have surpassed 100% of their operating rate this year as of the end of September.Acco...
Nov 15, 2023 (Gmt+09:00)
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Retail
South Koreans, frugal at home, open wallets abroad
Consumer spending in South Korea has been on the decline this year amid few signs of a near-term recovery. But when it comes to overseas spending, i...
Nov 09, 2023 (Gmt+09:00)
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Electric vehicles
POSCO Int’l to invest $519 mn in EV parts output expansion
POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., plans to spend 680 billion won ($519....
Nov 09, 2023 (Gmt+09:00)
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Venture capital
VCs give thumbs up to EV, parts/materials, travel tech
The venture capital funding crunch has continued through this year in South Korea but VCs have raised their stakes in select companies in the electr...
Nov 09, 2023 (Gmt+09:00)
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Electric vehicles
POSCO International wins $761 mn EV parts supply deal from US carmaker
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., has won a 1 trill...
Nov 08, 2023 (Gmt+09:00)
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