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Korean Fruit Sweeps Through Southeast Asian Market

Korean Fruit Sweeps Through Southeast Asian Market

SEOUL, Feb. 14 (Korea Bizwire) — Korean grapes and strawberries are gaining popularity in Vietnam and other Southeast Asian countries. The Ministry of Agriculture, Food and Rural Affairs and state-run Korea Agro-Fisheries & Food Trade Corp. (aT) reported grape exports of US$23 million last year, up by 64.2 percent over the previous year. Shine Muscats [...]

Lotte to Sell Assets on Widened Losses; Emart Logs Weak Earnings

Lotte to Sell Assets on Widened Losses; Emart Logs Weak Earnings

SEOUL, Feb. 13 (Korea Bizwire) — Lotte Shopping Co., the operator of South Korea’s biggest department store chain, said Thursday it will sell assets after posting a loss for 2019, while the country’s largest discount store chain operator, Emart Inc., reported weaker than expected earnings as well. Lotte Shopping will sell 200, or 30 percent, [...]

Flights Suspensions Due to Virus Tipped to Hit Airlines’ Q1 Results

Flights Suspensions Due to Virus Tipped to Hit Airlines’ Q1 Results

SEOUL, Feb. 13 (Korea Bizwire) — South Korean airlines’ first-quarter earnings may be dismal as they suspended or reduced flights on international routes amid the spreading COVID-19 virus outbreak, analysts said Thursday. In their latest move to respond to the virus, Asiana Airlines Inc., the country’s second-biggest airline after Korean Air Lines Co., said it [...]