Korea Joongang Daily
Korea JoongAng Daily

Snack companies selling overseas feast on profits while those focused on domestic market starve

Sales and profits of major confectionery companies moved in opposite directions last year, underscoring the growing divide between firms dependent on overseas markets and those tied to weak domestic demand.

2026-02-06

Korea Inc. pledges 270 trillion won as Lee calls for youth hiring, regional investment

President Lee Jae Myung held a meeting with the heads of 10 conglomerates to ask companies to hire more young people and invest beyond metropolitan areas, as the business community pledged to invest at least 270 trillion won over the next five years.

2026-02-04

Lotte, Hyundai selected as new duty-free zone operators at Incheon Int'l Airport

Incheon International Airport Corp., operator of Korea's main gateway, has selected Lotte Duty Free and Hyundai DF as candidates for duty-free zone operators vacated by two other retailers.

2026-02-02

Lotte Hotel, Hyundai DF split rights on Incheon Airport's most lucrative duty-free zones

Lotte Hotel and Hyundai DF have split the rights to operate the most lucrative duty-free zones at Incheon International Airport, ending a high-stakes bidding process closely watched by the retail industry.

2026-01-30

Lotte, Hyundai submit bids for duty-free operations at Incheon airport

Lotte Duty Free and Hyundai DF have submitted bids for duty-free zone licenses vacated by two other operators at Incheon International Airport, industry sources said Tuesday.

2026-01-21

Lotte Biologics, Rakuten Medical sign deal on producing new cancer treatment drug

Lotte Biologics signed a contract manufacturing organization (CMO) agreement with Rakuten Medical on Tuesday to produce and commercialize Rakuten’s photoimmunotherapy (PIT) drug, an antibody-dye conjugate used in the treatment of cancer.

2026-01-14

Lotte Giants sign own free agent pitcher Kim Sang-su

The Lotte Giants announced on Thursday that they have re-signed their own free agent pitcher Kim Sang-su to a one-year contract.

2026-01-08

New Giants manager enjoys 'fun start' to relationship with Korean star in Seoul

Tony Vitello was named the new manager of the San Francisco Giants in October last year, but it wasn't until Tuesday that he got to meet his Korean outfielder Lee Jung-hoo — and in Lee's hometown of Seoul, at that.

2026-01-06

Lotte chairman calls for sweeping reforms, proactive response to change in New Year's message

Lotte Chairman Shin Dong-bin urged sweeping reforms and stronger execution in key business sectors during his New Year’s message on Friday.

2026-01-02

Lotte Group to acquire site of Lotte New York Palace hotel for $490 million

Lotte Group will acquire the site of the hotel Lotte New York Palace in Manhattan for $490 million as part of broader efforts to secure long-term operational stability for the hotel and strengthen its global brand value.

2025-12-15