SEOUL, March 27 (Korea Bizwire) — Hitejinro Co., South Korea’s leading beverage company, said Monday its annual exports of soju hit a new record high last year, thanks to the Korean distilled liquor’s surging global popularity. Hitejinro said it posted US$120 million in soju exports last year, up 16.4 percent from a year earlier. It [...]
SEOUL, March 25 (Korea Bizwire) — In 1993, it was discovered that the Soviet (now Russian) Navy had dumped approximately 1,000 tons of radioactive nuclear waste in the East Sea, 190 kilometers southeast of Vladivostok. Although the Soviet Union claimed that the concentration of nuclear waste released was lower than the International Atomic Energy Agency (IAEA) [...]
SEOUL, March 24 (Korea Bizwire) — BGF Retail Co., the operator of CU convenience stores, said Thursday it has signed a memorandum of understanding (MOU) with domestic start-up KEIL to convert near-expired food items into feed for mealworms. Under terms of the MOU, BGF Retail will provide the near-expired food items waiting for disposal at [...]
SEOUL, March 23 (Korea Bizwire) — South Korean food and beverage giant SPC Group on Thursday said its bakery chain Paris Baguette opened its first store in Canada. The store, which was opened on the first floor of the Yonge Sheppard Centre in Toronto, will pave the way for Paris Baguette to expand its presence [...]
SEOUL, March 23 (Korea Bizwire) — South Korea’s home shopping channels are placing a larger focus on sales of tour products with travel demand rebounding after being dampened during the pandemic period. Home shopping company GS Shop on Wednesday announced plans to air a tour package featuring the venues of popular TV entertainment programs. The [...]
SEOUL, March 22 (Korea Bizwire) — McDonald’s Korea was given a fine of 696 million won (US$532,110) on Wednesday after the personal data of 4.87 million customers was leaked to hackers due to the firm’s lax data management. The Personal Information Protection Commission handed out the fine to the Korean branch of the American fast [...]
SEOUL, March 22 (Korea Bizwire) — Lotte Shopping Co. said Wednesday that it will begin construction of a fulfillment center later this year in South Korea’s southeastern port city of Busan, using technology from Britain’s Ocado Group Plc., as part of the retail giant’s efforts to strengthen its e-grocery business. Set to be built by [...]
SEOUL, March 21 (Korea Bizwire) — Kooksoondang Brewery Co. said Tuesday its annual exports hit a record high last year thanks to the growing global popularity of the Korean traditional liquor “makgeolli.” Makgeolli is a traditional Korean rice liquor known for its cloudy, milky appearance. The Korean brewer said it posted US$10.7 million in exports [...]
SEOUL, March 21 (Korea Bizwire) — As minority shareholders are actively engaged in shareholder activities, the number of listed companies introducing electronic voting systems for shareholder meetings is forecast to reach an all-time high this year. At present, a total of two organizations — the Korea Securities Depository and Samsung Securities Co. — provide listed [...]
SEOUL, March 20 (Korea Bizwire) — Alternative seafood is drawing increasing attention in South Korea, reflecting a social atmosphere oriented towards a plant-based diet for health and sustainability. Dongwon F&B Co., a South Korean food producer recently unveiled a canned tuna product under its newly-released alternative vegan brand My Plant. The tuna product is made [...]