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Alcohol-free, Sugar-free Drinks Gaining Popularity

Alcohol-free, Sugar-free Drinks Gaining Popularity

SEOUL, Nov. 28 (Korea Bizwire) — Non-alcoholic and sugar-free zero-calorie drinks are gaining popularity in the liquor market as the pursuit of the so-called “healthy pleasure” lifestyle, in which people stay healthy by doing what they like, is becoming a new trend. Hite Jinro Co.’s alcohol-free Hite Zero 0.00 beer reached sales of 100 million [...]

SK, Maeil Dairies Join Hands with U.S. Startup for Alternative Dairy Biz

SK, Maeil Dairies Join Hands with U.S. Startup for Alternative Dairy Biz

SEOUL, Nov. 24 (Korea Bizwire) — SK Inc. said Thursday it has joined hands with a major local dairy producer and a U.S. startup to merchandise alternative dairy products, such as plant-based milk and cheese, in its drive for sustainable food business. The memorandum of understanding signed with Maeil Dairies Co. and Perfect Day, a [...]

Pernod Ricard Korea Launches New Royal Salute amid Growing Whisky Market in S. Korea

Pernod Ricard Korea Launches New Royal Salute amid Growing Whisky Market in S. Korea

SEOUL, Nov. 24 (Korea Bizwire) – Pernod Ricard Korea Co. sees great potential in South Korea’s high-end whisky market and hopes to strengthen its market presence in the segment, the company’s president said Thursday. “We have seen a massive rebound in international whisky in Korea. Even in the past few years experiencing COVID-19, we saw [...]

HJ Shipbuilding Wins 212 bln-won Order for 4 Navy Patrol Boats

HJ Shipbuilding Wins 212 bln-won Order for 4 Navy Patrol Boats

SEOUL, Nov. 24 (Korea Bizwire) — South Korean shipyard HJ Shipbuilding & Construction Co. said Thursday it has clinched a 212 billion-won (US$159 million) order to build four high-speed patrol ships for the country’s Navy. HJ Shipbuilding & Construction said in a regulatory filing that it has bagged the order from the Defense Acquisition Program [...]

Lotte Group Goes All-Out to Cope with Construction Unit Liquidity Squeeze

Lotte Group Goes All-Out to Cope with Construction Unit Liquidity Squeeze

SEOUL, Nov. 24 (Korea Bizwire) — Lotte Group is quickly responding to the liquidity squeeze of its construction unit amid concerns that the construction unit’s liquidity problem, caused by the recent bond market crunch, could spill over to other parts of the group. Lotte Engineering & Construction Co. carried out a 200 billion won (US$149 [...]

Convenience Store Chains Take Initiative to Safeguard Public

Convenience Store Chains Take Initiative to Safeguard Public

SEOUL, Nov. 22 (Korea Bizwire) — The convenience store industry is striving to play a greater role in public safety amid growing public interest in the response to emergency situations after the Itaewon disaster. CU recently signed a memorandum of understanding with security service provider S-1 Corp. to establish emergency medical equipment-related public services. Under [...]

Company Cafeterias Booming as Consumer Prices Peak

Company Cafeterias Booming as Consumer Prices Peak

SEOUL, Nov. 21 (Korea Bizwire) — A growing number of employees are flocking to company cafeterias to minimize spending on food. South Korean food service company Ourhome Ltd.’s October sales for office cafeterias in Seoul jumped by 34.7 percent from last year. Sales at company cafeterias in business districts like Gangnam and Yeouido, in particular, [...]