Industries Archives | Be Korea-savvy

Archive by category Industries

18 Trillion Won Turkish Canal Project to Kick Off Next Year

18 Trillion Won Turkish Canal Project to Kick Off Next Year

SEOUL, Nov. 16 (Korea Bizwire) — The Ministry of Transport and Infrastructure of Turkey announced that a canal project that has included Korean construction companies by request of Turkish President Recep Tayyip Erdoğan will be breaking ground next year. In an interview with local Turkish media Anadolu Agency, Turkey’s transportation minister yesterday revealed that the [...]

Turkish Version of Popular Korean E-commerce Website a Hit

Turkish Version of Popular Korean E-commerce Website a Hit

SEOUL, Nov. 15 (Korea Bizwire) — An annual sale offered on November 11 by the Turkish edition of the popular Korean e-commerce website 11Street has become Turkey’s most popular “shopping day” just three years after it was first held. The website known as n11 (www.n11.com) revealed yesterday that it had recorded approximately 50 billion won [...]

Retail Sales, Industrial Output Face Slump in Restructuring-hit Regions

Retail Sales, Industrial Output Face Slump in Restructuring-hit Regions

SEOUL, Nov. 15 (Korea Bizwire) — Retail sales and industrial output in restructuring-hit regions remained in a slump in the third quarter, government data showed Thursday. According to the data compiled by Statistics Korea, retail sales in South Gyeongsang Province, North Jeolla Province and Ulsan declined 2.3 percent, 1.2 percent and 1.2 percent, respectively, in [...]

SK Innovation Mulls Building Car Battery Plants in U.S., Europe

SK Innovation Mulls Building Car Battery Plants in U.S., Europe

SEOUL, Nov. 14 (Korea Bizwire) — SK Innovation Co., a South Korean energy-to-construction conglomerate, said Wednesday that it is considering building electric vehicle battery plants in the United States and Europe to meet growing demand for zero-emissions cars. SK Innovation said up to four unidentified areas have been shortlisted for its first plant in the [...]

Millions of ‘Idol Sandwiches’ Sold Only Months After Their Debut

Millions of ‘Idol Sandwiches’ Sold Only Months After Their Debut

SEOUL, Nov. 13 (Korea Bizwire) — So-called ‘idol sandwiches,’ known to be favored by certain K-pop stars, are selling like hotcakes at convenience stores. GS25, a major convenience store franchise, said that YouUs Idol’s Favorite Sandwich topped all food sales charts just two and a half months after its release, with more than 5 million [...]

Layoffs in the Cards at Troubled Shipyards

Layoffs in the Cards at Troubled Shipyards

SEOUL, Nov. 13 (Korea Bizwire) — South Korea’s embattled shipbuilding giants may conduct a wave of year-end layoffs in line with self-rescue measures agreed upon with creditors, industry sources said Tuesday. Stung by snowballing losses from tumbling orders and heavy debt, Daewoo Shipbuilding and Marine Engineering Co. (DSME), Samsung Heavy Industries Co. and Hyundai Heavy [...]

Lotte Mart Adopts QR Codes to Increase Synergy

Lotte Mart Adopts QR Codes to Increase Synergy

SEOUL, Nov. 12 (Korea Bizwire) — Lotte Mart announced on Sunday that it will adopt QR codes for all merchandise being sold at the store, which will allow customers to use their smartphones to access detailed information as well as customer reviews about each product. The company will also provide online ordering services to customers [...]

Korean Customs Targets Illegal Resale of Overseas Direct Purchases

Korean Customs Targets Illegal Resale of Overseas Direct Purchases

SEOUL, Nov. 12 (Korea Bizwire) — The Korean Customs Service (KCS) has launched a crackdown on illegal imports and the resale of imported products until November 28 as transactions via foreign direct purchasing are expected to jump due to China’s annual Singles Day. The KCS will be focusing on the act of reselling products acquired [...]