SEOUL, Oct. 26 (Korea Bizwire) — SK Innovation Co., South Korea’s leading energy company, said Thursday it has signed a tentative agreement with the government of Fiji for a forest restoration project in the South Pacific island nation. SK Innovation forged the memorandum of understanding (MOU) with the government Wednesday in the Fijian capital of [...]
SEOUL, Oct. 26 (Korea Bizwire) — McDonald’s Korea said Thursday it will increase the price of 13 menu items by an average 3.7 percent, including the signature Big Mac, next week due to higher food and shipping costs. Under the plan, the price of a Big Mac will rise 300 won to 5,500 won (US$4.06) [...]
SEOUL, Oct. 26 (Korea Bizwire) — Samsung SDI Co. said Thursday its third-quarter earnings slid 2.5 percent on-year amid decreased demand for energy storage system (ESS) products and pouch battery cells used in smartphones. Consolidated net profit came to 622.4 billion won (US$459.3 million) in the July-September period, compared with 638.2 billion won from a [...]
SEOUL, Oct. 26 (Korea Bizwire) — SK hynix Inc. said Thursday it posted losses for the fourth consecutive quarter in the third quarter of this year but recovering demand for high-performance products helped narrow its operating deficit. The world’s second-largest memory chip maker said in a regulatory filing its operating losses amounted to 1.79 trillion [...]
SEOUL, Oct. 26 (Korea Bizwire) – A recent survey has revealed that LG Electronics leads in the category of home electronics most cherished by Korean consumers. According to CEO Score, a corporate data research institute, LG secured the top position with 586 products out of a total of 3,600 ranked within the top 300 in Naver [...]
SEOUL, Oct. 26 (Korea Bizwire) – A Samsung OLED promotional event held on the sunny shores of Santa Monica, California has garnered a tremendous response from local attendees eager to explore this cutting-edge technology. Organized by Samsung, the event offered consumers a unique opportunity to personally experience the exceptional performance and durability of Samsung’s product line. [...]
SEJONG, Oct. 25 (Korea Bizwire) — South Korea’s agricultural ministry said Wednesday it plans to complete the vaccination of cattle against lumpy skin disease (LSD) by early next month, as it strives to contain the nationwide spread of the disease. The announcement came as confirmed LSD cases in cattle rose to 29 as of Wednesday [...]
SEOUL, Oct. 23 (Korea Bizwire) — South Korea reported four additional cases of lumpy skin disease (LSD), amid growing concerns over the nationwide spread of the highly infectious disease, the agricultural ministry said Monday. “There have been 14 cases of infection, with 638 units being culled so far,” Agricultural Minister Chung Hwang-keun said during an [...]
SEOUL, Oct. 22 (Korea Bizwire) – The number of employees in South Korea’s manufacturing sector in the last three months dropped at the fastest pace in 11 quarters amid a protracted economic slowdown, government data showed Sunday. A monthly average of 4.47 million people were hired by the manufacturing industry in the July-September period, down [...]
SEOUL, Oct. 21 (Korea Bizwire) – South Korea confirmed its second case of lumpy skin disease (LSD) in cattle at a local farm on Saturday. The report comes one day after the country confirmed its first-ever case of LSD at a farm in Seosan, located some 98 kilometers southwest of Seoul. The second LSD case [...]