SEOUL, July 21 (Korea Bizwire) — Shinsegae Food, a food business arm of South Korea’s Shinsegae Group, said Thursday it will set up a U.S. subsidiary next month in the latest move to boost its competiveness in plant-based meat alternatives. Shinsegae Food said it will spend US$6 million on setting up Better Foods Inc., a [...]
SEOUL, July 18 (Korea Bizwire) — The surge in demand for delivery food in the aftermath of the pandemic has led to a surge in imports and the production of disposable spoons, forks, and knives. The Ministry of Food and Drug Safety reported that the supply of disposable forks jumped from 1,501 tons in 2019 [...]
SEOUL, July 18 (Korea Bizwire) — South Korean food conglomerate CJ Cheiljedang on Monday said it has set plant-based food as the company’s new growth engine, with a sales target of 200 billon won (US$151.9 million) by 2025. Its main target is overseas markets, CJ said, and it aims to generate 70 percent of its [...]
SEOUL, July 15 (Korea Bizwire) — Anyone carrying a tumbler or a personal cup can get free water from local cafes and restaurants in Seoul without having to order food or drinks. The Seoul Metropolitan Government on Friday began the Oasis Seoul Project, which involves cafes and restaurants offering free water to prevent heatstroke among [...]
SEOUL, July 15 (Korea Bizwire) — South Korean builder SK ecoplant Co. said Thursday it was launching a drive to recycle waste incineration ash as a construction material. The company joined hands with CMD Group, a specialist in the manufacturing of eco-friendly construction materials, to promote technological cooperation and to produce block aggregates made of [...]
SEOUL, July 13 (Korea Bizwire) — An innovative oil scoop net designed to assist in the cleanup of oil spills at sea has been developed based on the insect-catching mechanism of a carnivorous plant. A joint research team from the Korea Institute of Science and Technology and Korea University said Wednesday it had developed an [...]
SEOUL, July 8 (Korea Bizwire) — South Koreans are known for their coffee craze that has made the country the third-largest coffee market in the world after the United States and China. Trendy espresso bars dot Seoul and other major cities, and some shops offer drip coffee brewed by robot baristas. The explosive growth, coupled [...]
SEOUL, July 7 (Korea Bizwire) — South Korea’s bourse operator said Thursday that it will provide guidelines that meet global standards for listed firms’ disclosures for their environment, social and governance (ESG) management. The Korea Exchange (KRX) has been pushing for advanced ESG disclosure systems to match global standards, best represented by the International Sustainability [...]
SEOUL, July 6 (Korea Bizwire) — South Korea plans to to effectively utilize the underground water that leaks during underground development projects, the environment ministry said Tuesday. In 2020, there were 380,000 tons of underground water leaked each day, or 140 million tons in the whole year. Almost all of the water, however, was wasted, [...]
SEOUL, July 1 (Korea Bizwire) — Hyundai Motor Group and the renowned Rhode Island School of Design (RISD) on Thursday announced a research collaboration under the theme of sustainable future design. This research collaboration represents their third joint study following research into future mobility in 2020 and future cities in 2021. This year, four teams [...]