SEOUL, Feb. 21 (Korea Bizwire) — POSCO International Corp., a South Korean commodities trader, said Tuesday it intends to take part in reconstruction projects in Ukraine after the war to help the country rebuild from the devastation. The trading unit under South Korea’s steel giant POSCO Holdings Inc. is the only Korean company maintaining a [...]
SEOUL, Feb. 21 (Korea Bizwire) — CJ Logistics Corp., a major South Korean logistics company, said Tuesday it has opened a representative office in Poland to strengthen its European business. CJ Logistics said it plans to designate its new office in the southwestern city of Wroclaw as a “strategic base” in Europe, given the city’s [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korean shipyard HJ Shipbuilding & Construction Co. said Monday it has signed a memorandum of understanding (MOU) with the Korea Real Estate Investment & Trust Co. and Mirae Asset Securities Co. to cooperate for the invigoration of security tokens for ship financing. The three parties will unite forces [...]
SEOUL, Feb. 20 (Korea Bizwire) — Bhc Group said Monday it has opened its first bhc chicken restaurant in North America as part of the overseas expansion of South Korea’s largest chicken franchise by sales. The new restaurant, located on Fairfax Avenue in Los Angeles, will be directly operated by the company and be used [...]
SEOUL, Feb. 20 (Korea Bizwire) — Starbucks Korea announced on Friday that it will offer its signature product, the Americano, at its original price for a limited period. The move comes as the company celebrates its growing customer loyalty program, with its reward program members surpassing 10 million in January this year. From Feb. 22-24, [...]
SEOUL, Feb. 19 (Korea Bizwire) — Sashimi enthusiasts in South Korea are growing increasingly restless. Vague fears, after all, are far more unnerving than specific, concrete pains. Despite international opposition, Japan is set to release radioactive water into the ocean from the crippled Fukushima nuclear power plant as early as April. Alarming research suggests that [...]
SEOUL, Feb. 17 (Korea Bizwire) — As the price of ramyeon (Korean instant noodles), a popular food among common people for its affordability, moved up sharply amid high inflation, the low-price private brand (PB) products developed by major retailers are enjoying rising popularity. E-Mart Inc. said it sold more than 1 million packs of its [...]
SEOUL, Feb. 16 (Korea Bizwire) — South Korea plans to create a fund worth 150 trillion won (US$116.9 million) to provide assistance for steelmakers’ transition to a low-emission production structure and to boost competitiveness, the industry ministry said Thursday. Industry Minister Lee Chang-yang and chiefs of the country’s seven major steelmakers, including POSCO Holdings Inc., [...]
WASHINGTON, Feb. 15 (Korea Bizwire) — Shipments of American agricultural products to South Korea reached a record high of over US$10 billion last year, U.S. data showed Wednesday. U.S. exports of agricultural products to South Korea came to $10.05 billion in 2022, up 2 percent from $9.85 billion a year before, according to the data from [...]
SEOUL, Feb. 16 (Korea Bizwire) — An increasing number of South Korea’s large companies are introducing ‘four group, two shift’ systems instead of the previous ‘four group, three shift’ systems at manufacturing sites with young employees in their 20s and 30s emphasizing work-life balance. Under the ‘four group, two shift’ system, two groups work 12 [...]