(Photo=Samsung) Samsung Chairman Jay Y. Lee has emerged as the biggest winner among South Korea’s corporate elite in the first half of the year, as a rebound in the semiconductor market and soaring share prices across the Samsung empire fueled a sharp increase in his wealth.  According to data compiled by Seoul-based research firm Leaders Index, the combined wealth of

(Photo=Gemini Generated) South Korea’s ice cream makers are having a breakout year, and now they’re setting their sights on China’s $2.5 billion frozen dessert market. Exports of Korean ice cream surged 23% in the first half of 2025 to $65.5 million, the first time shipments topped $60 million in a six-month period, according to Korea Customs Service data. At this

(Photo=AliExpress) South Korea has slapped AliExpress, Alibaba’s global shopping platform, with a $1.51 million fine after regulators uncovered a widespread scheme of fake discounts that misled thousands of Korean shoppers. According to the Korea Fair Trade Commission (KFTC), AliExpress subsidiaries OceanSky and MICTW manipulated prices on nearly 7,500 products between May 2023 and October 2024. The playbook was simple: invent

Photo=Hanwha Ocean South Korea’s Hanwha Group has opened a new on-site office at Hanwha Ocean’s Geoje shipyard, strengthening cooperation on LNG carrier construction with its U.S. operations as Washington pushes to revive domestic shipbuilding. The new office, established by Hanwha Shipping, the group’s U.S.-based maritime subsidiary, will directly support LNG carrier projects being built at Philly Shipyard, which Hanwha acquired

(Photo=Nongshim) South Korea’s biggest noodle maker is betting on the global appeal of K-pop—and Netflix. Nongshim, the company behind the iconic Shin Ramyun, has announced a limited-edition ramen set tied to K-Pop Demon Hunters, an upcoming Netflix animated film that blends the idol industry with supernatural action. The set, which goes on pre-order August 29, will be available exclusively in