SEOUL, Dec. 14 (Korea Bizwire) — South Korean food producer Pulmuone Co. said Tuesday it will begin supplying products to 18 campuses in the U.S., including the University of Massachusetts and the University of California, after signing a contract to provide plant-based food. Pulmuone’s local affiliate, Pulmuone Foods USA, Inc., first jumped into the U.S. [...]
SEOUL, Dec. 13 (Korea Bizwire) — Nearly two-thirds of South Koreans in their 20s and 30s have positive views about alternative meat, a survey showed Monday. Shinsegae Food Inc., a food business arm of South Korea’s Shinsegae Group conducted a survey of 1,000 people in their 20s and 30s, 67.6 percent of whom thought positively [...]
SEOUL, Dec. 12 (Korea Bizwire) — LS Cable & System Ltd., the world’s third-largest wire and cable maker by sales, said Monday it has obtained a 400 billion-won (US$305 million) submarine cable supply deal from Sweden. LS Cable will supply extra-high voltage submarine cable systems to an offshore wind farm being built in the North [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korea’s antitrust regulator said Sunday it has decided to impose fines of 918 million won (US$697,000) on two local units of Pernod Ricard, a French distiller, for handing out illegal rebates to bars. The penalty on Pernod Ricard Korea and Pernod Ricard Korea Imperial came as the two [...]
SEOUL, Dec. 9 (Korea Bizwire) — Sales of Lotte Confectionery Co.’s signature chocolate brand “Ghana” surged after the South Korean men’s national football team joined the round of 16 at the Qatar World Cup with the help of Ghana losing to Uruguay by only two goals. According to industry sources, sales of Ghana chocolate products [...]
SEOUL, Dec. 8 (Korea Bizwire) — Liquor companies in South Korea are opening up a series of pop-up stores for whisky brands in order to engage with customers. Windsor Global Co., a homegrown whisky maker, announced that it will open up its first pop-up store, House of Windsor, at S-Factory, located in Seoul’s Seongdong District, from Friday [...]
SEOUL, Dec. 8 (Korea Bizwire) — American fried chicken franchise Popeyes is set to open a store in Seoul next week, two years after closing business in South Korea, its South Korean operator said Thursday. Popeyes’ U.S. operator, Restaurant Brands International Inc., agreed on a master franchise agreement with Silla Co. and is set to [...]
SEOUL, Dec. 8 (Korea Bizwire) — Management and labor unions of South Korea’s major shipbuilders have reached a tentative agreement on wage negotiations, and such agreements included several solutions on how to deal with the shortage of workers facing domestic shipyards. Hyundai Heavy Industries Co. decided to provide employees who reached retirement age this year [...]
SEOUL, Dec. 6 (Korea Bizwire) — South Korean shipbuilders fell far behind their Chinese rivals in terms of new global orders in November to rank second in the world, industry data showed Tuesday. Local shipbuilders won a combined 1.08 million compensated gross tons (CGTs) in new orders last month, accounting for 38 percent of the [...]
WASHINGTON, Dec. 5 (Korea Bizwire) — SK Group Chairman Chey Tae-won stressed Monday that South Korea and Japan should focus on the future of their relations despite disputes over shared history. “We know that there are some problems in the South Korea-Japan relations,” Chey, who leads the South Korean conglomerate, said at an annual seminar hosted [...]