(Photo=Pixabay) South Korea will freeze raw milk prices again this year, marking the second year in a row without a price change. On May 27, the Korea Dairy Committee-a group comprising dairy farmers and milk processors-announced there would be no negotiations in 2025. The decision was based on the fact that production costs rose only 1.5% last year, below the

(Photo=TVING, Coupang Play, Motionelements) The competition among domestic companies to secure the No. 2 spot in Korea’s online video service (OTT) market is heating up. While global giant Netflix leads the pack, the combined influence of local platforms like TVING, Coupang Play, and Wavve is not far behind. Some predict that if the merger between TVING and Wavve goes through,

(Photo=CU) CU, one of South Korea’s largest convenience store brands, is making its U.S. debut with its first store set to open in Hawaii this October, marking the first-ever entry of a Korean convenience store chain into the American market. On May 27, CU’s operator BGF Retail announced the establishment of a local subsidiary in Hawaii and the signing of

(Photo=Samsung Biologics) Samsung Biologics, a South Korea–based biopharmaceutical contract development and manufacturing organization (CDMO), has secured new contracts worth a combined $319 million with pharmaceutical companies in Europe and Asia, pushing its total orders this year past $2.19 billion, the company announced on May 26. The two latest deals—valued at $175 million and $144 million, respectively—cover contract manufacturing services through

(Photo=Hyundai) The top five global automotive groups accounted for nearly half of all new vehicle sales worldwide last year. Toyota, Volkswagen, and Hyundai Motor Group solidified their positions as the top three sellers, while Chinese automakers are rapidly gaining ground. According to industry reports on the 26th, global new vehicle sales in 2023 reached approximately 90 million units, with the