SEOUL, May 7 (Korea Bizwire) — South Korea’s imports of Japanese beer more than doubled on-year in the January-March period, data showed Sunday, marking the highest amount since Tokyo’s export curbs against the Asian neighbor in 2019. Japanese beer imports came to US$6.62 million in the first quarter, soaring from $2.66 million tallied a year [...]
SEOUL, May 5 (Korea Bizwire) — South Korean cosmetics manufacturers are bolstering their offensive in the North American market as sales in China and Japan have fallen sharply. LG Household & Health Care Ltd.’s North American sales for the first quarter of this year amounted to 136.1 billion won (US$102 million), an increase of 21.1 [...]
SEOUL, May 5 (Korea Bizwire) — SK Group’s in-house education platform is receiving high praise from the global human resources (HR) industry for its excellent talent cultivation performance. The energy-to-telecom conglomerate said Thursday it was invited to attend the UNLEASH America 2023 conference, held in Las Vegas from April 25-27, and took charge of an [...]
SEOUL, May 4 (Korea Bizwire) — South Korea’s home shopping industry is turning to digital technology to win back “Generation MZ” consumers, which includes both millennials and Generation Z. Lotte Homeshopping created a virtual model named Lucy, who achieved a 100 percent sales record as a show host since her debut. In a demonstration show [...]
SEOUL, May 3 (Korea Bizwire) — POSCO Holdings Inc. said Wednesday it is spending US$441 million to build a nickel refining facility in Indonesia as it pushes to beef up its supply chains of the key secondary battery material. The factory will be located in the Weda Bay industrial park on the northeastern island of [...]
SEOUL, May 3 (Korea Bizwire) — South Korea’s department store chains are going all-out to attract male consumers who have emerged as big spenders recently. Shinsegae Department Store’s Gangnam branch, which has the highest sales among domestic department stores, remodeled its men’s section at the end of last month to target the “MZ generation,” a [...]
SEOUL, May 3 (Korea Bizwire) — South Korean shipyard Samsung Heavy Industries Co. has successfully developed a new floating liquefied natural gas (FLNG) facility model with shorter delivery times. The company announced on Tuesday it obtained a certification for its FLNG facility model from DNV, a Norwegian ship quality assurance and risk management company, at [...]
SEOUL, May 1 (Korea Bizwire) — South Korea’s discount store chains are going all-out to attract customers through region-specific store strategies. Lotte Mart remodeled 22 of its 111 stores nationwide in this format and opened them on a gradual basis during the 2021-2022 period. For instance, many couples with young children reside around Cheongna International [...]
SEOUL, May 1 (Korea Bizwire) — South Korean startups are carrying out intensive restructuring amid lingering concerns over the state of financial markets ignited by the collapse of the United States-based Silicon Valley Bank (SVB). Zigbang, the country’s top home-matching platform, began conducting individual interviews regarding annual evaluation results starting this month and pushed many [...]
SEOUL, April 30 (Korea Bizwire) — Hyundai Motor Group Executive Chair Euisun Chung will hold a lunch meeting with young applicants in a project modeled after “Warren Buffett lunch” to connect better with younger generations, a South Korean business lobby said Sunday. The Federation of Korean Industries (FKI) planned the “God-saeng One meal” project as [...]