SEOUL, Sept. 8 (Korea Bizwire) — On Thursday, Kasa, a real estate securities trading platform, announced that the subscription rate for its seventh public offering building, ‘Apgujeong Commerce Building,’ exceeded 56 percent on the first day of the public offering. On Wednesday, the initial day of the public offering, the company raised 9.4 billion won [...]
SEOUL, Sept. 6 (Korea Bizwire) — South Korean shipbuilders lagged far behind their Chinese rivals in new global orders to place second worldwide in August amid sinking demand, industry data showed Wednesday. Local shipyards won a combined 270,000 compensated gross tons (CGTs) in new orders last month, accounting for 13 percent of the global total [...]
SEOUL, Sept. 6 (Korea Bizwire) — Lotte Mart, one of South Korea’s major supermarket chains, will create special shopping zones for foreign visitors at its branches frequently visited by inbound travelers, its operator said Wednesday. Last month, Lotte Mart first created a 20-meter-long special shopping zone, named “Must-Haves of Korea: K-Food,” at its Seoul Station [...]
SEOUL, Sept. 5 (Korea Bizwire) – South Korea’s leading 300 companies saw their combined workforce edge down in the first half of the year amid a slowing economy, a corporate tracker said Tuesday. The number of workers hired by the top 30 firms in the country’s 10 key industries had totaled 1,085,399 as of the [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s shipbuilding-to-energy conglomerate HD Hyundai Group said Monday it will showcase eco-friendly vessels, and seek cooperation with global ship registers and shippers in an upcoming world gas exhibition. HD Hyundai said it will display models of a liquefied natural gas (LNG) carrier, a liquefied petroleum gas (LPG) ship, [...]
SEOUL, Sept. 4 (Korea Bizwire) – Sept. 15 will mark the 60th anniversary of Korean ramen’s birth. In its early days, ramen (Korean instant noodles) was considered the quintessential “common people’s food” — a quick and simple meal. However, it has now evolved into a global culinary phenomenon, leading the charge in domestic food exports. [...]
SEOUL, Sept. 4 (Korea Bizwire) — Not only is the domestic food and retail industry venturing into the production and sale of health functional foods, but the cosmetics sector is also making strides in this field. As the market expands, companies are placing significant emphasis on setting themselves apart to gain a competitive edge. Binggrae [...]
SEOUL, Sept. 3 (Korea Bizwire) — HD Hyundai Construction Equipment Co. said Sunday it has received orders to provide its products for Saudi Arabia’s Neom megacity project and Argentina’s lithium mine excavation plan. HD Hyundai Construction Equipment is the construction unit of South Korea’s shipbuilding-to-energy conglomerate HD Hyundai Group. In the Argentina deal, the company [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea’s exports of instant noodles jumped 17.7 percent on-year in the first seven months of 2023 to reach the highest figure for the period ever amid the growing popularity of Korean culture, data showed Friday. The country exported US$522.03 million worth of instant noodles, or “ramyeon” in Korean, [...]
SEOUL, Aug. 31 (Korea Bizwire) — South Korean shipyard Samsung Heavy Industries Co. said Thursday it has won an approval in principle for a floating carbon dioxide storage unit (FCSU) from Norwegian accredited registrar and classification society DNV. The floating unit, developed jointly with Malaysia’s MISC Berhad, is 330 meters long and 64 meters wide, [...]