SEOUL, Sept. 12 (Korea Bizwire) — Hyundai Department Store has announced that it’s launching an exclusive online shopping space for its VIP customers. This is a first in the industry. This special online mall, called ‘RSVP,’ is part of Hyundai’s official online mall, ‘The Hyundai.com,’ and only VIP customers are allowed in. When VIP customers [...]
SEOUL, Sept. 12 (Korea Bizwire) — An increasing number of companies are taking proactive steps towards establishing resource recycling systems. On Monday, LG Household & Health Care announced a significant initiative in which the company will utilize paper crafted from recycled aseptic drink boxes for its cosmetics and toothpaste packaging. Aseptic boxes are typically employed as [...]
SEOUL, Sept. 11 (Korea Bizwire) –Hyundai Engineering & Construction Co. (Hyundai E&C) said Monday it has signed a partnership deal with a local energy IT startup via an equity investment in an effort to break into the power brokerage business. Hyundai E&C, South Korea’s No. 2 builder, didn’t disclose the amount of its investment in [...]
SEOUL, Sept. 11 (Korea Bizwire) – The surge in whiskey’s popularity, leading to a surge in “home drinking,” is also translating into a growing trend in holiday gift sets. Whiskey sales, which constituted only half of wine gift sets just five years ago, have now escalated to a remarkable 90% this year. This whiskey [...]
INCHEON, Sept. 11 (Korea Bizwire) — The revelation that blue crabs, a cherished seafood delicacy in Korea, have become a troublesome presence in Italy has sparked significant interest among Korean food enthusiasts. In response, the notion of exporting these crabs to other Asian nations, including Korea, has gained traction and is now evolving into a [...]
SEOUL, Sept. 11 (Korea Bizwire) — KT&G Corp., South Korea’s dominant tobacco company, said Monday it plans to expand its production facilities in Indonesia, with an aim to start operations in 2026. KT&G currently has a tobacco manufacturing plant in Surabaya and plans to build another one in the Southeast Asian country. The new Indonesian [...]
SEOUL, Sept. 11 (Korea Bizwire) — SKC Co., a South Korean manufacturer of secondary battery parts and advanced materials, said Monday it is acquiring a stake in a U.S. semiconductor packaging startup as it accelerates the drive for chip post-processing. The investment in Chipletz, an Austin-based fabless company, will give SKC an approximately 12 percent [...]
SEOUL, Sept. 11 (Korea Bizwire) — South Korea will develop quality seeds of gim, or dried laver, and extend support for its exports with a goal to achieve its global sales of US$1 billion by 2027, the oceans ministry said Monday. It is part of the government’s comprehensive five-year plan to promote the gim industry, [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korean construction companies’ overseas orders increased 20 percent in the January-August period from a year earlier to exceed US$20 billion, industry data showed Sunday. Local builders obtained $21.9 billion worth of overseas orders between January and August, up from $18.3 billion worth of deals in the same period [...]
SEOUL, Sept. 8 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Friday it has won a series of certifications for eco-friendly technologies from major global maritime rating agencies at an ongoing world gas industry exhibition. Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering Co. (DSME), has obtained an approval in principle (AIP) [...]