SEOUL, Sept. 11 (Korea Bizwire) — KT&G Corp., South Korea’s dominant tobacco company, said Monday it plans to expand its production facilities in Indonesia, with an aim to start operations in 2026. KT&G currently has a tobacco manufacturing plant in Surabaya and plans to build another one in the Southeast Asian country. The new Indonesian [...]
SEOUL, Sept. 11 (Korea Bizwire) — SKC Co., a South Korean manufacturer of secondary battery parts and advanced materials, said Monday it is acquiring a stake in a U.S. semiconductor packaging startup as it accelerates the drive for chip post-processing. The investment in Chipletz, an Austin-based fabless company, will give SKC an approximately 12 percent [...]
SEOUL, Sept. 11 (Korea Bizwire) — South Korea will develop quality seeds of gim, or dried laver, and extend support for its exports with a goal to achieve its global sales of US$1 billion by 2027, the oceans ministry said Monday. It is part of the government’s comprehensive five-year plan to promote the gim industry, [...]
SEOUL, Sept. 8 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Friday it has won a series of certifications for eco-friendly technologies from major global maritime rating agencies at an ongoing world gas industry exhibition. Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering Co. (DSME), has obtained an approval in principle (AIP) [...]
SEOUL, Sept. 6 (Korea Bizwire) — South Korean shipbuilders lagged far behind their Chinese rivals in new global orders to place second worldwide in August amid sinking demand, industry data showed Wednesday. Local shipyards won a combined 270,000 compensated gross tons (CGTs) in new orders last month, accounting for 13 percent of the global total [...]
SEOUL, Sept. 6 (Korea Bizwire) — Lotte Mart, one of South Korea’s major supermarket chains, will create special shopping zones for foreign visitors at its branches frequently visited by inbound travelers, its operator said Wednesday. Last month, Lotte Mart first created a 20-meter-long special shopping zone, named “Must-Haves of Korea: K-Food,” at its Seoul Station [...]
SEOUL, Sept. 5 (Korea Bizwire) – South Korea’s leading 300 companies saw their combined workforce edge down in the first half of the year amid a slowing economy, a corporate tracker said Tuesday. The number of workers hired by the top 30 firms in the country’s 10 key industries had totaled 1,085,399 as of the [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s shipbuilding-to-energy conglomerate HD Hyundai Group said Monday it will showcase eco-friendly vessels, and seek cooperation with global ship registers and shippers in an upcoming world gas exhibition. HD Hyundai said it will display models of a liquefied natural gas (LNG) carrier, a liquefied petroleum gas (LPG) ship, [...]
SEOUL, Sept. 4 (Korea Bizwire) – Sept. 15 will mark the 60th anniversary of Korean ramen’s birth. In its early days, ramen (Korean instant noodles) was considered the quintessential “common people’s food” — a quick and simple meal. However, it has now evolved into a global culinary phenomenon, leading the charge in domestic food exports. [...]
SEOUL, Sept. 4 (Korea Bizwire) — Not only is the domestic food and retail industry venturing into the production and sale of health functional foods, but the cosmetics sector is also making strides in this field. As the market expands, companies are placing significant emphasis on setting themselves apart to gain a competitive edge. Binggrae [...]