SEOUL, Aug. 13 (Korea Bizwire) — Cosmax Inc., South Korea’s major cosmetics manufacturer, said Sunday its factory jointly built with Yatsen Holdings has begun operations in Guangzhou, China. Cosmax set up a joint venture, Yatsen Biotechnology, with the New York-listed Chinese Yatsen in 2020, and began construction of the 60,593-square-foot factory, Asia’s biggest cosmetics factory. [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korea’s top instant noodle maker Nongshim Co. said Friday its net profit jumped more than 60 percent in the second quarter from a year earlier largely thanks to stronger demand for instant noodles amid high inflation and growth in overseas markets. Net profit for the three months ended [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korean cosmetics and household goods maker LG H&H Co. said Thursday its Toothbrush Diet Project had won the top prize in the packaging design category at the Red Dot Design 2023 awards. Through the incorporation of a lengthened handle and purposeful gaps between the handle and the body [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korean beverage giant Lotte Chilsung Beverage Co. said Thursday it will launch an online game featuring Kaerubang, the flagship character from its hangover relief brand Kaesugang, and will operate it until September 7. In this game, Kaesuang characters take on and overcome hangover-spreading villains to accumulate points. These [...]
SEOUL, Aug. 11 (Korea Bizwire) – Cost-effective large drinks are gaining popularity in South Korea as high inflation places a burden on consumers. Last month, Starbucks Korea introduced the Trenta size (887 milliliters) beverages, and their cumulative sales surpassed 400,000 units within just 15 days. The Trenta size is about 1.5 times bigger than the [...]
SEOUL, Aug. 10 (Korea Bizwire) — LS Cable & System Ltd., South Korea’s leading wire and cable maker, said Thursday it will invest about 155.5 billion won (US$118 million) over the next two years to expand its submarine cable plant. The expansion of the factory in Donghae on the east coast is designed to meet [...]
SEOUL, Aug. 7 (Korea Bizwire) — Lotte Energy Materials Corp. said Monday it is spending 560 billion won (US$431 million) to build a factory in Spain to produce battery-grade copper foil for use in electric vehicle cells. The factory will be located in Mont-roig del Camp, a town in Catalonia in northeastern Spain, and built [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korean companies were scrambling Monday to support the heat-plagued World Scout Jamboree by providing supplies and health care professionals to try to alleviate any difficulties that young attendees might feel from the extreme heat. Samsung Group sent around 150 employees to the Saemangeum campsite, a reclaimed wetland on [...]
SEOUL, Aug. 7 (Korea Bizwire) — SK Nexilis Co., a South Korean copper foil maker, said Monday it has signed a deal with German battery manufacturer Varta A.G. to exclusively supply its product for what will be Varta’s first mass production of electric vehicle (EV) batteries. SK Nexilis said it is also in talks with [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea’s top construction equipment maker HD Hyundai Infracore Co. said Thursday it will launch an online store dedicated to excavators, marking the first of its kind in the local construction machinery sector. The company’s in-house brand, DEVELON, will establish the online store to facilitate the sales of the [...]