SEOUL, Feb. 10 (Korea Bizwire) — Samsung Welstory Inc., a catering service affiliate of Samsung Group, said Thursday it has developed an analysis system to analyze the type and amount of leftovers by scanning the plates returned by customers. With cameras installed at the dish return window of a cafeteria, the system automatically scans the plates [...]
SEOUL, Feb. 9 (Korea Bizwire) — LIG Nex1 Co., a major South Korean defense firm, has signed an agreement with Romania on cooperation in the surface-to-air missile field, the company said Thursday. The aerospace manufacturer said it inked the memorandum of understanding (MOU) with ROMARM, Romania’s state-run defense company, at the southeastern European country’s ministry [...]
SEOUL, Feb. 7 (Korea Bizwire) — South Korean department stores are enjoying a rebound in sales, as international shoppers return to the country amid eased virus restrictions. Hanwha Galleria, the department store unit of Hanwha Group, said Tuesday its luxury goods section saw sales from global customers surge more than sixfold on-year in the past [...]
SEOUL, Feb. 7 (Korea Bizwire) – South Korean shipbuilders lagged far behind their Chinese rivals in terms of new global orders to rank second in the world in February amid tumbling demand, industry data showed Tuesday. Local shipbuilders won a combined 640,000 compensated gross tons (CGTs) in new orders last month, accounting for 33 percent [...]
SEOUL, Feb. 7 (Korea Bizwire) — South Korea’s major logistics firms, which enjoyed a boom during the pandemic period, are expected to report relatively sluggish results this year due to a decline in parcel traffic. CJ Logistics Corp., the nation’s largest courier company, is estimated to have chalked up an operating profit of 417.5 billion [...]
SEOUL, Feb. 6 (Korea Bizwire) — SKC Co., a South Korean manufacturer of advanced materials, said Monday its operating profit declined 45.1 percent in 2022 from a year earlier, mainly weighed down by a spike in electricity bills and other costs. Operating profit reached 220.3 billion won (US$176.2 million) for the January-December period, compared with [...]
SEOUL, Feb. 6 (Korea Bizwire) — Dongwon Group, a major South Korean food company, is pushing to acquire McDonald’s Korea, industry sources said Monday, in the food maker’s push to strengthen its restaurant business. Dongwon Industries Co., the holding company of the group, has been the preliminary sole bidder in the acquisition of McDonald’s Korea, [...]
SEOUL, Feb. 5 (Korea Bizwire) — More than 2,000 foreign workers will be hired by South Korean shipyards this month in a measure to help resolve an acute workforce shortage, according to the Ministry of Justice and the Ministry of Trade, Industry and Energy on Sunday. The government issued E-7 and E-9 visas for the [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korean convenience stores are engaging in various activities to promote eco-friendly consumption. 7-Eleven announced Thursday that it will replace all regular-sized plastic ice cups with paper cups. Following the introduction of paper ice cups in January last year, the convenience store had been offering both plastic and paper [...]
SEOUL, Feb. 2 (Korea Bizwire) — Singer Jay Park’s soju brand Won Soju will be available in New York by the early half of this year, the company said Thursday, as the K-pop singer aims for a global expansion of the traditional Korean liquor. Won Spirits Co., a soju brand founded by the K-pop singer [...]