SEOUL, June 8 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co. said Thursday it has signed a series of eco-friendly agreements with global registers and shipping companies. HD Korea Shipbuilding said it signed a memorandum of understanding with Britain’s Lloyd’s Register, Norwegian shipper Knutsen and HD Hyundai Heavy Industries Co. on the lifetime [...]
SEOUL, June 8 (Korea Bizwire) — South Korean shipyard Samsung Heavy Industries Co. said Thursday it has won an approval in principle (AIP) for the conceptual design of a liquefied carbon dioxide (LCO2) carrier from a local certification agency. The AIP from the Korean Register (KR) means that Samsung Heavy Industries’ conceptual design of the [...]
SEOUL, June 7 (Korea Bizwire) — South Korea’s home shopping industry, grappling with poor sales performance due to a decline in television viewership, is incorporating high-end digital technology to attract customers. CJ OnStyle replaced all four of its studios with a digital studio in February, aiming to enhance the customer viewing experience through interactive video [...]
SEOUL, June 7 (Korea Bizwire) — South Korean shipbuilders fell far behind their Chinese rivals in new global orders to place second worldwide in May amid sinking demand, industry data showed Wednesday. Local shipyards won a combined 510,000 compensated gross tons (CGTs) in new orders last month, accounting for 25 percent of the global total [...]
SEOUL, June 5 (Korea Bizwire) — South Korean convenience store industry’s strategy to maximize offline sales by utilizing online platforms is gaining momentum. Convenience store chain CU placed a hangover relief jelly at its physical stores after the product gained popularity among young people when it was released on its mobile application Pocket CU in [...]
SEOUL, June 5 (Korea Bizwire) — South Korea’s offline retail industry is actively pursuing a breakthrough as a lifestyle platform amidst the continuous expansion of online commerce. Leading health and beauty (H&B) store operator CJ Olive Young recently introduced separate liquor sales counters at major outlets, including Gangnam and Euljiro in Seoul. Initially, CJ Olive [...]
SEOUL, May 31 (Korea Bizwire) — The number of startups in South Korea dropped more than 4 percent in the first quarter of the year amid economic uncertainties at home and abroad, government data showed Wednesday. A total of 333,000 new companies were set up in the country in the January-March period, down 4.4 percent [...]
SEOUL, May 31 (Korea Bizwire) — In the era of high inflation, convenience stores are striving to attract budget-conscious young consumers by introducing highly cost-effective private brand (PB) products. GS25, a convenience store chain, plans to offer its PB ice Americano and Americano, originally priced at approximately 2,000 won each (US$1.52), at a significantly discounted [...]
DAEGU & BOSEONG, May 31 (Korea Bizwire) —Next week, on June 6th, we will celebrate Mangjong, also known as awned grain, which is the ninth of the 24 solar terms. Mangjong indicates the celestial longitude reaching 75 degrees and signifies an auspicious time for sowing the seeds of bearded grains, such as rice. In agrarian [...]
SEOUL, May 30 (Korea Bizwire) — Unlike in the past, when South Korea’s major companies used to organize group events like sports competitions and hiking trips to boost employee morale and foster unity, they now promote a range of unique events to enhance employee satisfaction. Shipbuilding group HD Hyundai Co. hosted a fashion show last [...]