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    Fried chicken chain bhc expands US footprint with first Virginia restaurant

    Korean fried chicken giant bhc is planting its flag in one of the Washington metropolitan area’s busiest commercial hubs, anchoring its latest push into the United States with its first Virginia location. The chain, operated by Dining Brands Group, said Monday it opened its Arlington location in the Ballston neighborhood of Arlington County, marking its debut in Virginia as the company continues to broaden its North American presence. The restaurant is located near offices, residential complexes, shopping centers and recreational facilities, with convenient access to the Ballston-MU Metro station. The company said the area, which borders Washington across the Potomac River, attracts a steady mix of office workers, residents and visitors, making it a strategic location for growth. The approximately 169-square-meter restaurant offers full-service dining with 32 seats across 15 tables. Its menu has been tailored to local dining preferences, featuring wing- and tender-based combo meals, chicken sandwiches, Crispy Bun sandwiches, cheese balls and fries. Reflecting the popularity of dipping sa

    2 MIN READBy Lee Kyung-min
    Fried chicken chain bhc expands US footprint with first Virginia restaurant
  • Tech & Science

    Science ministry vows $650 bil. investment in AI data centers

    2 MIN READBy Yonhap
    Science ministry vows $650 bil. investment in AI data centers
  • Others

    Korea launches K-Chicken Belt to boost gastronomy tourism

    3 MIN READBy Ko Dong-hwan
    Korea launches K-Chicken Belt to boost gastronomy tourism
  • Companies

    Samsung, partner firms sign agreement for mutual growth

    2 MIN READBy Nam Hyun-woo
    Samsung, partner firms sign agreement for mutual growth
  • Companies

    CU in China: Why South Korean retail giant is adopting 'online first' strategy

    3 MIN READBy SCMP
    CU in China: Why South Korean retail giant is adopting 'online first' strategy
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Companies

HYBE shifts to red in Q3 on N. American restructuring, IP investment

Korea's K-pop powerhouse HYBE on Monday reported a net loss for its third quarter, reversing a year-ago profit as the company absorbed one-off costs related to the restructuring of its North American operations and stepped up investments in global artist intellectual property (IP). The entertainment company posted a net loss of 52 billion won ($35.8 million) for the July-September period, a sharp turn from the 1.4 billion-won profit recorded a year prior, according to a regulatory filing. The company also recorded an operating loss of 42.2 billion won, compared with an operating profit of 54.2 billion won in the previous year. Sales rose 37.8 percent to 727.2 billion won. In a shareholder letter released Monday afternoon, HYBE CEO Lee Jae-sang attributed the profitability decline to temporary, strategic factors, specifically citing one-off costs incurred during the restructuring of the North American business and proactive investment in expanding global artist IP. "The combination of the two factors caused the operating profit margin to fall by approximately 12 percentage points during t

Nov 10, 2025By Yonhap
HYBE shifts to red in Q3 on N. American restructuring, IP investment
Tech & Science

Korea Water Cluster to host Korea International Water Week

Korea Water Cluster, a government-supported industrial complex in Daegu, will host Korea International Water Week (KIWW) from Nov. 12–15 at EXCO, the city’s main convention center. Operated under the Korea Environment Corporation, Korea Water Cluster is a government agency dedicated to building infrastructure and supporting businesses related to the water industry. The cluster will operate a joint exhibition booth, host technology presentations and invite international buyers to help domestic water companies expand into global markets. The annual KIWW is jointly organized by the Ministry of Climate, Energy and Environment, Daegu Metropolitan City, the Korea Environment Corp., and the Korea Water Resources Corp., with the Korea Water Forum serving as the main organizer. The large-scale international event aims to promote policy and technology exchange between developed and developing countries and to support the global expansion of Korean water companies. This year’s program focuses on its smart innovation in water technology for a sustainable future, introducing AI-based water mana

Nov 10, 2025By Jhoo Dong-chan
Korea Water Cluster to host Korea International Water Week
Companies

Korea Aerospace to upgrade KF-16 simulators under ties with Lockheed Martin

Korea Aerospace Industries (KAI), Korea's sole aircraft manufacturer, said Monday it has been selected by U.S. defense giant Lockheed Martin as a partner to upgrade simulators for the Air Force's KF-16 fighter jets. KAI will upgrade nine KF-16 simulators previously delivered to the Air Force to the configuration of the latest F-16 Viper under a six-year contract, the Korean company said in a release. "Based on our strategic relationship with Lockheed Martin, we will contribute to modernizing the Korean Air Force's training system and improving safety," a KAI official said. In June, KAI signed a memorandum of understanding (MOU) with Lockheed Martin to expand their strategic partnership into emerging areas of the global defense and aerospace industries. KAI and Lockheed Martin have maintained a longstanding partnership that began with the licensed production of the F-16 fighter jet in the 1990s and later led to the co-development of the T-50 supersonic trainer aircraft.

Nov 10, 2025By Yonhap
Korea Aerospace to upgrade KF-16 simulators under ties with Lockheed Martin
Banking & Finance

Major financial groups to commit $350 bil. to Lee's productive finance drive

Korea’s five major financial groups — KB Kookmin, Shinhan, Hana, Woori and NH NongHyup — plan to inject a combined 508 trillion won ($350 billion) by 2030 to expand productive and inclusive finance, industry officials said Monday. The move aligns with President Lee Jae Myung’s pledge to launch a major financial transformation, aimed at channeling market capital into more productive sectors. Lee has called on financial companies to redirect funds previously tied to real estate or reliant on interest income toward small and medium-sized enterprises (SMEs) and investments in high-tech industries to revitalize the economy. Woori Financial Group was the first to announce an 80 trillion won investment plan in September, followed by Hana Financial Group with 100 trillion won, NH NongHyup Financial Group with 108 trillion won and both KB and Shinhan Financial Groups with 110 trillion won each. Part of these commitments will go toward the government’s 150 trillion won National Growth Fund, aimed at fostering key strategic industries such as artificial intelligence, semiconductors, biot

Nov 10, 2025By Jun Ji-hye
Major financial groups to commit $350 bil. to Lee's productive finance drive
Companies

GKL hosts tourist event in DMZ

Grand Korea Leisure (GKL), the state-run operator of Seven Luck Casino, said Friday that it organized a tourism event at the Demilitarized Zone (DMZ) in collaboration with the Korea Railroad Corp., Gyeonggi Tourism Organization and Yeoncheon County Office. The initiative aims to promote awareness of Korea’s divided history and the value of peace among international visitors to Seven Luck Casino, while also supporting tourism in areas of Gyeonggi Province facing population decline. Paju, Gyeonggi Province, is a major tourist attraction that allows visitors to witness the remnants of Korea’s division firsthand. It has become a popular destination for both domestic and international travelers interested in history and peace. Participants in the program boarded the DMZ Peace Train, received a military briefing at Dorasan Observatory, looked across the DMZ into North Korean territory and visited Jaein Falls, a UNESCO Global Geopark site, as part of a program combining themes of peace, security and ecology. “The event is expected to raise the brand value of DMZ Peace Tourism among intern

Nov 10, 2025
GKL hosts tourist event in DMZ
Companies

LS Electric wins $91.5 mil. power system contract for US data center

LS Electric has clinched a 132.9 billion won ($91.5 million) deal to supply power systems for a hyperscale artificial intelligence (AI) data center in the United States, the company said Monday. The deal involves providing power distribution switchboards and transformers for a data center operated by a tech company in Tennessee. LS Electric will supply the equipment for the data center’s electrical rooms and mechanical facilities, which are designated for AI and machine learning servers, by April next year. The company did not disclose the client, but noted that the two sides had already signed a 310 billion won contract to supply power equipment between late last year and early this year. LS Electric said the latest deal reflects its proven execution capabilities in the ongoing project, adding that it expects the partnership to continue going forward. “The latest deal is significant as it demonstrates LS Electric’s ability to supply comprehensive power equipment for a hyperscale data center in the U.S., which lies at the center of global AI investment,” an LS Electric official s

Nov 10, 2025By Nam Hyun-woo
LS Electric wins $91.5 mil. power system contract for US data center
Companies

LCCs in tight race to secure Jakarta route

Local low-cost carriers (LCCs) are rushing to secure the lucrative Incheon–Jakarta route, which has opened to new entrants after Korean Air relinquished the rights following its acquisition of Asiana Airlines. Jeju Air and Eastar Jet are considered the leading contenders for the route, as both are looking for new revenue sources to reduce their heavy dependence on short-haul flights to nearby Asian countries, such as Japan. Jin Air, one of the three major LCCs along with Jeju Air and Eastar Jet, is restricted from bidding for the route, as it is a subsidiary of Korean Air. The company is now preparing to launch a combined LCC with Air Busan and Air Seoul, two LCC affiliates of Asiana. Jakarta, the capital city of Indonesia, has seen a growing number of major Korean companies expand their investments, thanks to the country’s geographic proximity to key Asian economies such as China, Taiwan and Japan. Data also show that demand for tourism between Korea and Indonesia has been rapidly increasing over the past few years. According to data from Indonesia’s Ministry of Tourism and Creativ

Nov 10, 2025By Lee Min-hyung
LCCs in tight race to secure Jakarta route
Banking & Finance

Shinhan Bank issues convertible bonds for 1st time in Japan

Shinhan Bank, a major Korean commercial bank, said Monday it has issued 40 billion Japanese yen ($259.9 million) worth of yen-denominated convertible bonds in the Japanese bond market. It marked the bank's first issuance of convertible bonds, and they fall under the environmental, social and governance (ESG) category, as the funds are intended to support companies working to reduce carbon emissions. The issue size was increased by 10 billion yen from the initial plan due to strong investor demand, according to the bank. The bonds were issued with maturities and coupon rates of 1.322 percent for 2 years, 1.556 percent for 3.25 years and 1.732 percent for 5 years, it added.

Nov 10, 2025By Yonhap
Shinhan Bank issues convertible bonds for 1st time in Japan
Companies

China suspends sanctions on Hanwha Ocean’s US subsidiaries

China has decided to temporarily lift sanctions for one year on five U.S. subsidiaries of Hanwha Ocean, following an agreement with the United States to avoid further escalation in their trade conflict. China’s Ministry of Commerce announced Monday that restrictions on Hanwha Shipping, Hanwha Philly Shipyard, Hanwha Ocean USA International, Hanwha Shipping Holdings and HS USA Holdings would be suspended for the next 12 months. The move follows the U.S. decision to pause its Section 301 investigation into China’s maritime, logistics and shipbuilding industries for one year. The suspension of the earlier sanctions, imposed on Oct. 14, took effect immediately. In response, Hanwha Ocean issued a statement welcoming the Chinese authority’s decision. “We hope to further develop our relationship with Chinese business partners following the latest suspension of the sanctions,” Hanwha Ocean said in a statement. Last month, China placed the five Hanwha U.S. subsidiaries on a sanctions list prohibiting Chinese entities from engaging in transactions with them. The move was in retaliation for

Nov 10, 2025By Lee Min-hyung
China suspends sanctions on Hanwha Ocean’s US subsidiaries
Tech & Science

AILingGo rolls out new translation platform OTran 2.0

Legal interpretation platform AILingGo launched its latest artificial intelligence (AI) translation tool, OTran 2.0, offering greater precision and efficiency than conventional translation systems through its interactive chat platform. According to the company, Monday, it released OTran 2.0 on Nov. 3. While OTran 1.0 focused primarily on English-Korean translation, the upgraded version has expanded its coverage to more than 35 languages. The new version minimizes the possibility of mistranslation by taking the full context of a document into account, as well as introduces an interactive interface that allows users to communicate directly with the AI to refine and edit their documents. The company also enhanced functions for processing documents before and after translation by applying optical character recognition technology specialized for legal documents. The technology accurately recognizes, extracts and translates complex documents such as complaints and patent specifications, which were difficult for conventional AI tools to process. AILingGo was founded in 2020 as a specialized plat

Nov 10, 2025By Nam Hyun-woo
AILingGo rolls out new translation platform OTran 2.0
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