SEOUL, June 28 (Korea Bizwire) – South Korea’s department store chains have been opening a series of pop-up stores to showcase new and captivating products, positioning themselves as trendsetters for individuals in their 20s and 30s. Hyundai Seoul solidified its trendsetting status by launching over 250 pop-up stores last year, attracting more than 2 million [...]
SEOUL, June 27 (Korea Bizwire) — South Korea and Greece agreed Tuesday to jointly develop technologies to renovate existing ships into eco-friendly ones in response to tougher emission regulations in the global shipping sector, Seoul’s industry ministry said. Under the agreement, the two nations will carry out projects to develop technologies for the designing of [...]
SEOUL, June 27 (Korea Bizwire) — South Korean electrical equipment maker HD Hyundai Electric & Energy Systems Co. said Tuesday it has clinched two orders to supply eco-friendly power transformers and other equipment from the United States and Denmark. HD Hyundai Electric said that its U.S. subsidiary, Hyundai Electric America Corp., had signed a 213.6 [...]
SEOUL, June 27 (Korea Bizwire) — South Korean cosmetics giant Amore Pacific Group said Tuesday it has signed an initial pact with international health and beauty retailer A.S. Watson Group to expand its global business. With the memorandum of understanding (MOU), the two companies agreed to cooperate to seek the growth of Amore Pacific’s brands [...]
SEOUL, June 26 (Korea Bizwire) — Construction orders in South Korea are likely to slump nearly 13 percent on-year in 2023 due to less government spending on infrastructure and a sluggish housing market, a think tank said Monday. Local builders’ orders are predicted to decline 12.9 percent from a year earlier to 200.1 trillion won [...]
SEOUL, June 25 (Korea Bizwire) – Hyundai Engineering & Construction Co. has signed an agreement with Saudi Arabia’s state oil company Aramco to build a mega petrochemical plant in the east of the Middle Eastern country, Seoul’s land ministry said Sunday. The US$5 billion Amiral project aims to establish a facility to manufacture basic petrochemical [...]
SEOUL, June 22 (Korea Bizwire) — South Korea’s first Five Guys burger restaurant will open in Gangnam, southern Seoul, next week, its operator said Thursday. The two-story store with about 150 seats will open in the bustling commercial district near Gangnam Station at 11:00 a.m. Monday, according to FG Korea Inc., a food arm of [...]
SEOUL, June 22 (Korea Bizwire) — South Korean builders are enhancing on-site management and establishing work standards to better prepare for the scorching summer heat. Hyundai Engineering & Construction Co. has implemented a policy that requires field workers to take regular rest breaks and halt outdoor work when the perceived temperature exceeds 35 degrees Celsius. [...]
SEOUL, June 21 (Korea Bizwire) — CJ Logistics Corp. has established strategic partnerships with domestic and international shippers to enhance its integrated logistics capabilities. During the past eight months, the South Korean logistics giant has entered into agreements with four shipping companies, including SM Line Corp. and Taiwan’s Evergreen Marine Corp., to bolster its global [...]
SEOUL, June 20 (Korea Bizwire) — South Korean steelmakers asked the government Tuesday to persuade the European Union to allow domestic carbon emission calculation methods for a longer period of time ahead of the full implementation of its new carbon border tax. The EU announced the new carbon-pricing system of the Carbon Border Adjustment Mechanism [...]