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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

Starbucks bans consumption of outside food across all stores

Starbucks Korea has begun enforcing a nationwide ban on the consumption of outside food at all of its stores, aiming to curb disturbances caused by customers bringing in and eating food from elsewhere. The company, operated by Shinsegae Group, began posting notices on Monday at its 2,050 stores across Korea saying that all outside food and beverages are prohibited from being consumed inside. Baby food is exempt from the rule. The move marks the first time the major cafe and dessert chain has implemented such a ban. The company, however, noted that it is not the first time it has made a similar request. “We previously asked our patrons to refrain from eating ‘foods with strong odors.’ That notice dates back to before the COVID-19 outbreak in 2020. However, the warning was rather subjective and somewhat unclear. This time, we are introducing the ban in a much clearer way,” a company official said. The move follows a series of online posts showing customers eating foods inside Starbucks stores. Viral photos on social media featured dishes such as tteokbokki (spicy simmered rice cake

Oct 15, 2025By Ko Dong-hwan
Starbucks bans consumption of outside food across all stores

Hanwha Aerospace signs $110 mil. deal with Sweden to supply modular charge system

Hanwha Aerospace said Wednesday it has signed a 150 billion-won ($110 million) deal to supply modular charge systems (MCSs) to Sweden's artillery forces. Hanwha signed the agreement with the Swedish Defence Materiel Administration (FMV) during the Association of the United States Army (AUSA) 2025 annual meeting held Monday through Wednesday (U.S. time) in Washington, D.C., the company said in a press release. The three-year framework deal follows a similar contract signed last year with Sweden's arms procurement agency. Deliveries of MCSs are scheduled to begin next year. Hanwha said the deal will help cement its position as a defense partner in Northern Europe. The company said it aims to pursue similar contracts in neighboring countries such as Norway and to deepen cooperation with Sweden by proposing other advanced systems, including the Chunmoo multiple-rocket launcher system (MRLS). The MCS is a propellant system designed for 155 mm artillery platforms. Its modular design allows artillery crews to adjust propellant charges to match specific range and firing conditions. Hanwha said its

Oct 15, 2025By Yonhap
Hanwha Aerospace signs $110 mil. deal with Sweden to supply modular charge system

LG opens showroom for ultra-premium home appliances

LG Electronics opened a showroom Wednesday for SKS, its premium home appliance brand, aiming to attract affluent consumers with ultra-premium built-in appliances that seamlessly blend cutting-edge technology and design elegance. Located in Nonhyeon, southern Seoul, the SKS showroom has reopened after a five-month renovation to offer a new brand experience following its rebranding from Signature Kitchen Suite to SKS in September. The showroom originally opened in 2017. Occupying a 1,918 square-meter space in the upmarket area, the six-story building features 10 themed exhibition zones, each designed with distinct interior concepts. The space showcases the premium lifestyle made possible by SKS' built-in appliances, which blend refined design with advanced performance. The showroom was designed by architect Min Sung-jin, best known for projects such as Ananti Namhae and Sagewood Golf & Resort Hongcheon, to showcase the brand’s harmony with premium interiors to create a sophisticated and high-end aesthetic throughout the space. The showroom features SKS' top-of-the-line refrigerators, ove

Oct 15, 2025By Nam Hyun-woo
LG opens showroom for ultra-premium home appliances

Daewoo E&C advances in growing global LNG market

Interest in liquefied natural gas (LNG) plant construction is rising as the Alaska LNG project gains traction, following POSCO International’s preliminary agreement last month with lead developer Glenfarne Alaska LNG, signaling greater Korean participation and renewed momentum in related projects. Building on this development, Daewoo Engineering & Construction (Daewoo E&C) stands out among domestic builders for its outstanding record in LNG liquefaction plant construction, a critical segment of the LNG value chain, making it a leading Korean player in the global LNG market. “As LNG continues to gain importance as a clean and transitional energy source, the ongoing expansion of the LNG industry represents a significant opportunity for Daewoo E&C,” a company official said. “We plan to leverage our accumulated technical expertise and project experience to strengthen our position as a top-tier global construction company.” LNG combined-cycle power plants, which run on liquefied natural gas, generate far lower carbon emissions than traditional coal or oil-fired facilities. These pl

Oct 15, 2025By Lee Gyu-lee
Daewoo E&C advances in growing global LNG market

Shinsegae brings K-fashion to Tokyo’s trendy hub

Shinsegae Department Store will decorate the heart of Tokyo with Korean fashion brands this week, showcasing K-fashion to local consumers and global tourists in the Japanese capital. Shinsegae Group’s fashion platform Hyper Ground will open pop-up stores in Shibuya ward for the brands it distributes and showcase them during Shibuya Fashion Week. The events, running in the heart of the trendy district through next month, are expected to further boost the growing global popularity of Korean fashion. Hyper Ground, dedicated to fledgling brands targeting millennials and Gen Z, will launch its pop-up stores on multiple floors of Shibuya 109, a landmark shopping mall in the area. Starting Friday, the stores will showcase collections for seven of Korea’s “rising star” brands, according to the company — Holy in Code, Epingler, Letter from Moon, Mucent, Montsenu, Three to Eighty and ffroi. The stores run until Nov. 10. The pop-ups mark a debut in the Japanese market for all the brands except Mucent. Shinsegae said it “studied unique fashion styles visible throughout Shibuya and caref

Oct 15, 2025By Ko Dong-hwan
Shinsegae brings K-fashion to Tokyo’s trendy hub

KOTRA to host Korea's biggest export promotion fair for biopharma industry

The Korea Trade-Investment Promotion Agency (KOTRA) will host Korea's largest export business matching event for the biopharmaceutical industry this week, KOTRA officials said Wednesday. KOTRA and the Ministry of Trade, Industry and Resources will co-host the two-day Global Bio & Pharma Plaza through Thursday in Seoul, gathering 100 global biopharmas and research institutes, as well as 120 Korean companies, according to the officials. The event will offer opportunities for Korean bio companies to explore cooperation and export opportunities with foreign firms, such as AstraZeneca and Zuellig Pharma, KOTRA said. Last month, the Seoul government announced its plan to double Korea's biopharmaceutical exports by 2030 to become a major global power in the field. Korea exported $5.8 billion worth of biopharmaceutical products last year.

Oct 15, 2025By Yonhap
KOTRA to host Korea's biggest export promotion fair for biopharma industry

Dongwha, Elementium join hands to commercialize new electrolyte

Dongwha Electrolyte, a battery materials affiliate of Dongwha Enterprise, said Wednesday that it has signed a letter of intent with Elementium Materials to form a strategic partnership aimed at expanding the global market share of its new electrolyte product. Elementium is a U.S. company that has addressed the limitations of conventional carbonate-based electrolytes by developing a new product with improved flame resistance, battery safety, energy density and charging speed. The core material of this electrolyte has been awarded a patent. Leveraging Elementium’s expertise in molecular design and Dongwha Electrolyte’s global infrastructure and supply chain, the companies plan to expand the use of the new electrolyte product beyond defense systems, urban air mobility and medical devices. According to the Korean company, the new product can enhance the performance of lithium-manganese-rich batteries, which have recently attracted the attention of global carmakers and battery manufacturers. The two firms also agreed to share global production facilities, exchange key technologies and coo

Oct 15, 2025By Park Jae-hyuk
Dongwha, Elementium join hands to commercialize new electrolyte

Hyundai Motor Group to provide 192 protocol vehicles for APEC summit

Hyundai Motor Group will provide a fleet of 192 protocol vehicles for the upcoming Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, North Gyeongsang Province. The Korean carmaker will offer the vehicles for heads of state from the APEC participating economies and their business delegations. The event runs for two days from Oct. 31 to Nov. 1. A total of 113 G90 luxury sedans from Genesis will be used for the protocol of the leaders and first ladies. The premium automaker under the group also plans to dispatch 74 G80 sedans to carry ministerial-level officials from each participating country. Hyundai Motor Group hopes to utilize the upcoming event as an opportunity to elevate its global footing and enhance its brand awareness. “We are pleased to provide our vehicles for APEC 2025, which is held in Korea for the first time in two decades,” said Kim Il-beom, executive vice president at Hyundai Motor’s Global Policy Office. “Hyundai Motor Group will also make concerted efforts for the successful hosting of the APEC summit.” Hyundai Motor also hopes to strengthen its brand

Oct 15, 2025By Lee Min-hyung
Hyundai Motor Group to provide 192 protocol vehicles for APEC summit

3 carmakers to recall over 42,000 vehicles due to faulty parts

Hyundai Motor Co., KG Mobility Corp. and Stellantis Korea Co. will voluntarily recall more than 42,000 vehicles to address various component defects, the transport ministry said Wednesday. The three companies are recalling a combined 42,388 units across four different models, the Ministry of Land, Infrastructure and Transport said in a press release. The recalls were issued due to several defects, including a faulty charging door in Hyundai Motor's Ioniq 6 model, a possible power outage during driving caused by a defective high-voltage control system in KG Mobility's Musso EV, and a malfunction in the power electric system of the Jeep Grand Cherokee SUV imported by Stellantis Korea, according to the ministry. Stellantis is a 50:50 joint venture established through the merger of U.S. carmaker Fiat Chrysler Automobiles N.V. and French automaker PSA Group. Vehicle owners can check whether their vehicles are subject to the recall by visiting the government website (www.car.go.kr) or calling 080-357-2500.

Oct 15, 2025By Yonhap
3 carmakers to recall over 42,000 vehicles due to faulty parts

HYBE founder Bang Si-hyuk tops stock wealth among new listed firm founders: data

Bang Si-hyuk, chairman and founder of K-pop powerhouse HYBE, ranked No. 1 in stock value among founders of companies listed over the past five years, industry data showed Wednesday. According to the data from corporate tracker CEO Score, Bang held a 31.6 percent stake in HYBE, worth 3.5 trillion won ($2.5 billion), as of the end of September. His holdings accounted for 15.6 percent of the combined 22.5 trillion won in stock value owned by the top 100 businesspeople whose companies have gone public since 2020. Kim Byung-hoon, founder and chief executive officer of beauty tech firm APR, followed with 3 trillion won, trailed by Chang Byung-gyu of gamemaker Krafton with 2.1 trillion won and Park Dong-suk of Sanil Electric with 1.2 trillion won. Prestige BioPharma founder Park So-yeon and Inventage Lab Inc. founder Kim Ju-hee were the only two women on the list.

Oct 15, 2025By Yonhap
HYBE founder Bang Si-hyuk tops stock wealth among new listed firm founders: data
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