SEOUL, June 21 (Korea Bizwire) —Amid concerns over the release of contaminated water from Japan’s Fukushima nuclear power plant, there has already surfaced on a second-hand trading website in Korea a so-called “radioactive fear-mongering marketing posting,” which attempted to sell salt for an exorbitant price of over 1.5 million won per 10 kilograms. On Tuesday, [...]
SEOUL, June 21 (Korea Bizwire) — CJ Logistics Corp. has established strategic partnerships with domestic and international shippers to enhance its integrated logistics capabilities. During the past eight months, the South Korean logistics giant has entered into agreements with four shipping companies, including SM Line Corp. and Taiwan’s Evergreen Marine Corp., to bolster its global [...]
SEOUL, June 20 (Korea Bizwire) — South Korean steelmakers asked the government Tuesday to persuade the European Union to allow domestic carbon emission calculation methods for a longer period of time ahead of the full implementation of its new carbon border tax. The EU announced the new carbon-pricing system of the Carbon Border Adjustment Mechanism [...]
SEOUL, June 19 (Korea Bizwire) — With convenience becoming the new trend, services that offer fruit and vegetable preparation are gaining popularity. At “The Hyundai Seoul” operated by Hyundai Department Store, approximately 200 customers visit each day to have the fruits and vegetables they purchased cut into their preferred shapes and sizes. Customers may need [...]
SEOUL, June 19 (Korea Bizwire) — South Korea’s leading kimchi maker Daesang Corp. said Monday it has acquired U.S. food company Lucky Foods as part of its efforts to expand its kimchi business in the United States. Daesang said it acquired all of the shares and facilities of Lucky Foods after securing a 38 billion [...]
SEOUL, June 19 (Korea Bizwire) — South Korean imports of Japanese seafood sank more than 30 percent last month, data showed Monday, amid concerns over Tokyo’s planned release of contaminated water from its crippled nuclear power plant. South Korea imported 2,129 tons of fishery products from the neighboring country in May, down 30.6 percent from [...]
SEOUL, June 19 (Korea Bizwire) — Subscription services that allow users to regularly receive food and alcohol deliveries are gaining popularity. When it comes to agricultural produce, subscription services offer a variety of items, including seasonal fruits, snacks and “makgeolli,” a traditional Korean grain-based alcoholic drink. Nonghyup Economic Holding Co. reported that, within just one [...]
SEOUL, June 18 (Korea Bizwire) – Korea Seven Co., the operator of the 7-Eleven convenience store chain, said Sunday it plans to carry out another test run for robot delivery services in collaboration with a startup. Under the plan, Korea Seven will offer delivery services with self-driving robots developed by Neubility in select areas in [...]
SEOUL, June 16 (Korea Bizwire) — South Korean retail giant Shinsegae Group will build a new all-in-one Starfield shopping complex, which includes a multi-purpose sports stadium, in Incheon, just west of Seoul, by 2027, officials said Friday. Shinsegae and the Incheon Free Economic Zone jointly announced the plan to construct a new Starfield with three [...]
SEOUL, June 16 (Korea Bizwire) — CJ Logistics Corp., a major South Korean logistics company, said Friday it has signed an initial agreement with Taiwanese shipping company Evergreen Marine Corp. to expand its global business. With the memorandum of understanding (MOU), CJ Logistics and Evergreen Marine will operate a joint business for containers to be [...]