Korea Joongang Daily
Korea JoongAng Daily

Looking Grand

Minister of Culture, Sports and Tourism Choi Hwi-young, right, and Korea Visit Year Committee Chair Lee Boo-jin visit The Hyundai Seoul in Yeongdeungpo district, western Seoul on Jan. 22, inspecting the event progress of the Korea Grand Sale.

2026-01-22

Consumer agency finds imported electric skateboards, unicycles exceed safety standards

Electric personal mobility devices distributed in Korea through overseas purchasing agents can all reach speeds that exceed domestic safety standards, according to the Korea Consumer Agency (KCA) on Thursday.

2026-01-22

'2026 Korea Grand Sale,' the country's iconic shopping tourism event, returns bigger and better than before

From massive flight discounts to K-beauty perks and free admission to historic palaces, Korea's biggest shopping tourism event is back, and it's starting earlier than ever before to give winter-weary travelers more reason to visit.

2025-12-17

Korean carmakers kick off year-end discounts amid sluggish demand, Chinese competition

Korean automakers are implementing significant year-end discounts, up to 6.3 million won, to stimulate sales amid sluggish consumer demand and increased competition from Chinese EVs, as inventory remains high with declining sales across the market.

2025-12-01

Lotte Chemical sells entire Pakistan unit amid restructuring

Lotte Chemical said Thursday it has sold its entire stake in a Pakistani subsidiary for 98 billion won ($67 million) as part of its ongoing business reorganization.

2025-11-13

Race to the bottom heats up as retailers lure shoppers with ultra-low prices

Offline retailers are stoking the “ultra-low price” war as the economic downturn fuels frugal consumption, and bargain products are emerging as a core strategy across the retail industry.

2025-09-18

Trump to again push deadline on TikTok sale or divestment, source says

The Trump administration is expected to again extend a Sept. 17 deadline for China's ByteDance to divest the U.S. assets of short-video app TikTok or shut it down, a source familiar with the matter told Reuters.

2025-09-15

Nvidia, AMD to pay 15% of China chip sale revenues to U.S., Financial Times reports

Nvidia and AMD have agreed to give the U.S. government 15 percent of their revenues from chip sales in China, under an arrangement to obtain export licenses for the semiconductors, the Financial Times reported on Sunday.

2025-08-11

Discount delight

Shoppers wait in line for the opening of the Gangseo branch of Homeplus in western Seoul on July 31 to purchase discounted items at the “Encore Homeplus NOW” sale.

2025-07-31

LG Chem sells water solutions unit for $1.02 billion to local equity firm

LG Chem, South Korea's leading chemical company, said Friday it has decided to sell its water solutions business unit to Glenwood Private Equity for 1.4 trillion won ($1.02 billion) as part of its business reorganization efforts.

2025-06-13