SEOUL, Apr. 1 (Korea Bizwire) — Hur Young-in, the chairman of bakery giant SPC Group, did not show up for prosecution questioning scheduled for Monday on allegations that he forced bakers at a bakery affiliate to quit their labor union. The 74-year-old chairman is currently under investigation for his suspected involvement in an affiliate’s alleged [...]
SEOUL, Apr. 1 (Korea Bizwire) — Hollys, the coffee business unit of South Korea’s KG Group, said Monday it will open its first overseas outlet in Japan in the first half as part of its expansion strategy. Hollys plans to set up a business entity in the neighboring country to open the outlet at the [...]
SEOUL, Apr. 1 (Korea Bizwire) — South Korea’s exports moved up for the sixth consecutive month in March on the back of the robust performance of chips, data showed Monday. Outbound shipments gained 3.1 percent on-year to US$56.5 billion last month, according to the data compiled by the Ministry of Trade, Industry and Energy. Imports [...]
SEOUL, Apr. 1 (Korea Bizwire) — Exports of South Korea beverage products jumped to a record US$572 million last year helped by the popularity of Korean culture, government data showed Monday. The country’s beverage exports jumped 11.5 percent in 2023 from $513 million a year earlier, according to data from the Korea Agro-Fisheries & Food [...]
SEOUL, Apr. 1 (Korea Bizwire) – Hyundai Department Store is venturing into a new platform business aimed at boosting the global reach of Korean fashion brands and K-content like entertainment. The retailer has launched The Hyundai Global, a dedicated export platform that will discover content for overseas markets, handle logistics like customs clearance and inventory management, [...]
SEOUL, Mar. 29 (Korea Bizwire) — South Korea’s industrial output rose for the fourth consecutive month in February on the back of increasing semiconductor production, but retail sales fell amid high inflation, data showed Friday. Industrial output increased 1.3 percent on-month last month, following a 0.4 percent rise the previous month, according to the data [...]
SEOUL, Mar. 29 (Korea Bizwire) — Complaints filed against AliExpress, the e-commerce retail platform of China’s Alibaba Group, in South Korea nearly tripled in 2023 from a year earlier, a state-run consumer organization said Friday. The number of complaints submitted to the Korea Consumer Agency (KCA) against AliExpress jumped to 673 last year from the [...]
SEOUL, Mar. 29 (Korea Bizwire) — South Korean shipbuilder HD Hyundai Heavy Industries Co. said Friday it has received a US$463 million order in Peru to jointly build four warships with a local shipyard by 2029. Peru’s state-owned shipbuilder SIMA Peru S.A. placed the order for joint production of one 3,400-ton frigate, one 2,200-ton deepwater [...]
SEOUL, Mar. 29 (Korea Bizwire) – The number of one-person creative enterprises in South Korea reached 987,812 in 2021, a 7.7 percent increase from the previous year, the Ministry of SMEs and Startups announced on March 28. This growth rate outpaced the 5.8 percent increase in the total number of new businesses during the same period. [...]
SEOUL, Mar. 28 (Korea Bizwire) – In an exciting collaboration with the automotive lifestyle brand Peaches, Shinsegae Department Store has announced the introduction of Harrington Cars, miniature vehicle models based on iconic designs from renowned automakers like Mercedes-Benz and Ferrari – a first in South Korea. Harrington Cars are meticulously crafted at half the size of [...]