SEOUL, Nov. 9 (Korea Bizwire) — KT&G Corp., South Korea’s dominant tobacco company, said Wednesday it will add all-new heat-not-burn products in the domestic market to diversify its cigarette-focused lineup. KT&G will release the lil ABLE heat-not-burn, or smokeless tobacco products, and its premium version lil ABLE PREMIUM initially for local customers on Nov. 16, [...]
SEOUL, Nov. 8 (Korea Bizwire) — South Korean shipbuilders lagged far behind their Chinese rivals in terms of new global orders in October to take the No. 2 spot in the world, industry data showed Tuesday. Local shipbuilders won a combined 1.43 million compensated gross tons (CGTs) in new orders last month, accounting for 42 [...]
SEOUL, Nov. 8 (Korea Bizwire) — South Korea’s convenience store chains are testing a variety of technologies, running some fully unmanned stores and hybrid (unmanned night operations) stores in a smart store format. A good example of this is CU’s artificial intelligence (AI) face recognition kiosk. Once users register their face and customer information at [...]
SEOUL, Nov. 7 (Korea Bizwire) — Food company Daesang Corp. said Monday it has formed a joint venture with a Polish fermented food maker as the South Korean maker tries to expand the traditional fermented vegetable dish globally. Daesang said it has agreed on a 76-24 joint venture called “Daesang ChPN Europe” with Charsznickie Pola [...]
SEOUL, Nov. 3 (Korea Bizwire) — Pizza Hut Korea said Wednesday it has joined hands with food delivery app Yogiyo to launch a menu for singles, as well as to strengthen its takeout service. To this end, the company will launch a brand devoted to single people solely through the delivery app. This move is [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korea’s retail industry is releasing a string of small-sized food products targeting consumers who eat smaller amounts of food after dividing larger dishes into smaller portions. Convenience store chain GS25 released two different types of “cup bap,” or cup rice, a quick and cheap meal served in a [...]
SEOUL, Nov. 1 (Korea Bizwire) — South Korean container shipper HMM Co.’s third-quarter earnings probably edged down from three months earlier due to lower freight rates, a market tracker said Tuesday. The operating income of HMM, the country’s top industry player, is estimated to reach 2.55 trillion won (US$1.8 billion) for the July-September period, up [...]
SEOUL, Oct. 31 (Korea Bizwire) — Disposable amenities are disappearing from luxury hotels as the Ministry of Environment begins imposing restrictions on the use of disposable products at accommodation facilities. Hotel Lotte introduced large dispensers at all Signiel, Lotte Hotel, L7 and Lotte City Hotels. Josun Hotels & Resorts also introduced dispensers at its Westin [...]
SEOUL, Oct. 31 (Korea Bizwire) — Sales of zero-calorie drinks are on the rise in the post-pandemic era as more people from the younger generation look after their health. Convenience store chain CU reported a more than 15-fold increase in sales of zero-calorie beverages this year compared to 2019, up by 112.5 percent from last [...]
SEOUL, Oct. 31 (Korea Bizwire) – South Korean businesses have canceled their Halloween promotional events as the country mourns the death of more than 150 people in a massive stampede in central Seoul, companies said Monday. Lotte Department Store, a leading shopping mall, said it has called off its plans to hold Halloween parades and [...]