SEOUL, July 20 (Korea Bizwire) – Lotte Confectionery Co., the largest confectionery manufacturer in South Korea, revealed on July 20 two new chocolate products made with lactic acid bacteria (LAB) strains obtained from kimchi – the first commercialization of such a product in the food industry. Since the successful launch of a lactobacillus-containing snack called Yo-Hi [...]
SEOUL, July 20 (Korea Bizwire) — Hyundai Mobis Co., the auto parts unit of Hyundai Motor Group, said Wednesday that it has set up a new distribution center in Belgium in the latest efforts to reduce lead time for its customers. The 56,000 square-meter facility will also serve as a logistics hub for Britain, Germany, [...]
SEOUL, July 20 (Korea Bizwire) – Kim Ja-yeon, a voice actress featured in the online game ‘Closers’ – created by Naddic Games and distributed by Nexon – was fired on July 19 for wearing a t-shirt that allegedly supports Megalia, a community well-known for its anti-misogyny views. On July 18, Kim posted a picture of herself [...]
SEJONG, July 20 (Korea Bizwire) – The Ministry of Land, Transport and Maritime Affairs (MOLIT) announced on July 19 a revised decree regarding parking lot regulations that will go into effect on July 20. The new regulations primarily concern parking spaces around facilities frequently visited by vans and tour buses. Due to a lack of designated [...]
SEOUL, July 20 (Korea Bizwire) — South Korean firms operating in Vietnam have yet to yield profits expected of the amount of investment they have made in the emerging market, a trade report released Wednesday said. South Korean companies invested an aggregate total of US$15 billion in Vietnam as of the end of last year, [...]
SEOUL, July 20 (Korea Bizwire) — The value of Samsung Group shares owned by South Korea’s state pension fund jumped to 24.2 trillion won (US$21.2 billion) in the first half of the year, reaching a quarter of its total investment in the local stock market, data showed Wednesday. The National Pension Service (NPS), which manages [...]
SEOUL, July 20 (Korea Bizwire) — High-caffeine foods and drinks will be restricted from media ads starting in November, the government said Wednesday, affecting some 2,000 local products often used by teenagers to chase away drowsiness. The Ministry of Food and Drug Safety said it has put out an advance notice of the measure to [...]
SEOUL, July 20 (Korea Bizwire) — South Korea’s state-run power supplier has devised a way to use utility poles as charging stations for electric vehicles, drastically cutting installation costs, its officials said Wednesday. Working with an idea submitted by one of its employees, the Korea Electric Power Corp. (KEPCO) said it will conduct a trial [...]
SEOUL, July 20 (Korea Bizwire) — The Ministry of Oceans and Fisheries announced that South Korea’s large icebreaker ‘RV Araon’ depart to North Pole on July 20 and be in exploration for 67 days across East Siberian Sea, Bering Sea, and Chukchi Sea. Particularly, RV Araon is exploring, for the first time as South Korean icebreaking research vessel, [...]
SEOUL, July 19 (Korea Bizwire) – Cho Seong-jin, the first South Korean winner of the International Frederic Chopin Piano Competition, will perform two solo recitals at home next year, officials said Tuesday. Cho is scheduled to perform at Lotte Concert Hall in Seoul on Jan. 4., and then at Tongyeong Concert Hall in Tongyeong, South Gyeongsang [...]