SEOUL, Aug. 3 (Korea Bizwire) — Kyochon 1991, one of South Korea’s major fried chicken franchises, opened its first store in Taiwan on Thursday as part of its efforts to expand its global business, its operator said. The store at Banqiao Global Store in New Taipei City will serve its popular menu, as well as [...]
SEOUL, Aug. 3 (Korea Bizwire) — CJ Logistics Corp., a major South Korean logistics company, said Thursday that it has signed an initial agreement with Japanese shipping company Ocean Network Express Pte. Ltd. as part of its efforts to expand its global business. With the memorandum of understanding, Ocean Network Express, also called ONE, will [...]
SEOUL, Aug. 1 (Korea Bizwire) — Hyundai Engineering & Construction Co., South Korea’s No. 2 builder, said Tuesday it has bagged a US$145 million order to lay power transmission lines in Saudi Arabia. The deal, signed with a Saudi state power company, calls for building 207 kilometers of a 525-kilovolt, 605-km transmission line between Saudi [...]
SEOUL, Aug. 1 (Korea Bizwire) — An increasing number of consumers are showing a preference for packaged traditional chicken soup, or “samgyetang,” an iconic summer dish in South Korea. According to CJ Cheiljedang Corp., sales of Bibigo Samgyetang from July 1 to 25 tripled compared to the same period in April and May. In the first [...]
SEOUL, July 31 (Korea Bizwire) — South Korean instant noodle maker Nongshim Co. said Sunday it will be releasing Shin Ramyun The Red, an extra spicy limited edition of its flagship noodle Shin Ramyun, on August 14. Shin Ramyun The Red measures around 7,500 Scoville heat units (SHU), which is twice as spicy as the [...]
SEOUL, July 31 (Korea Bizwire) — South Korean food giant CJ Cheiljedang Corp. said Monday it has sold off all of its shares in Chinese food company Sichuan Jixiangju Food at 300 billion won (US$235.8 million). CJ Cheiljedang had bought a combined 60 percent share in the Chinese firm, which deals with Chinese foods, including [...]
SEOUL, July 31 (Korea Bizwire) — SKC Co. said Monday it is teaming up with Japan’s Toyota Tsusho Corp. for a joint venture to produce and supply battery-grade copper foil in North America, advancing into the world’s most burgeoning electric vehicle (EV) market. Under the memorandum of understanding, SK Nexilis Co., SKC’s copper foil-making subsidiary, [...]
SEOUL, July 31 (Korea Bizwire) — South Korea has begun commercial operations of a power plant installed with the country’s first homegrown gas turbine, its operator said Monday. Korea Western Power (KOWEPO) said it began operating the Gimpo Combined Heat and Power Plant in the city of Gimpo, west of Seoul, on Friday. The plant [...]
SEOUL, July 28 (Korea Bizwire) — Sales of cigarettes in South Korea moved down 0.6 percent on-year in the January-June period, data showed Friday. South Korean smokers purchased 1.77 billion 20-cigarette packs in the first half, falling from 17.8 billion packs posted a year earlier, according to the Ministry of Economy and Finance. Heat-not-burn tobacco [...]
SEOUL, July 28 (Korea Bizwire) – South Korea’s exports of ice cream reached a record high in the first half of 2023, data showed Friday, on the back of the growing popularity of Korean entertainment content across the globe. Outbound shipments of ice cream and other edible ice products reached US$59 million in the January-June [...]