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Nonghyup to Sell Korean Pork, Beef from Vending Machine

Nonghyup to Sell Korean Pork, Beef from Vending Machine

SEOUL, Nov. 17 (Korea Bizwire) — A South Korean agricultural cooperative is pushing to introduce a vending machine selling livestock products, such as pork and beef, targeting the increasing number of single-person households in the country, industry sources said Friday. The National Agricultural Cooperative Federation, known as Nonghyup here, will first showcase the dispenser at [...]

Samsung Electronics Announces Promotion of Executives

Samsung Electronics Announces Promotion of Executives

SEOUL, Nov. 16 (Korea Bizwire) — Samsung Electronics Co. announced a reshuffle of executives Thursday as a follow-up step to the appointment of new heads of its major business divisions late last month. Through the regular reshuffle, the South Korean tech giant has promoted 221 executive-level employees, 99 of them from the crucial chip-making division, [...]

Samsung to Start Sales of ‘Mixed Reality’ Headset

Samsung to Start Sales of ‘Mixed Reality’ Headset

SEOUL, Nov. 15 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it will release its so-called mixed reality headset in South Korea next week, tapping deeper into the virtual reality (VR) gaming industry. The South Korean tech giant said that sales will start on Tuesday of the Samsung Head Mounted Display (HMD) Odyssey developed with [...]

S. Korea Asks Australia to Reconsider Plans for LNG Export Limits

S. Korea Asks Australia to Reconsider Plans for LNG Export Limits

SEOUL, Nov. 14 (Korea Bizwire) — South Korean business leaders said Tuesday they have asked Australia to reconsider its plans to restrict natural gas exports, concerned that the measure will affect access to the energy resource. The Federation of Korean Industries (FKI) said it made the request at the Australia-Korea Business Council (AKBC) meeting held [...]

Lotte Expecting Resumption of Shenyang Project on Envoy’s Visit

Lotte Expecting Resumption of Shenyang Project on Envoy’s Visit

SEOUL, Nov. 9 (Korea Bizwire) — Lotte Group’s giant construction project in Shenyang, China, could resume this month after a year of suspension as China pulls back on its retribution over a U.S. anti-missile defense system being deployed in South Korea, corporate sources said Thursday. Ambassador Noh Young-min, South Korea’s new envoy to Beijing, who [...]

LG Preparing for All Possibilities, Tougher U.S. Market Barriers

LG Preparing for All Possibilities, Tougher U.S. Market Barriers

SEOUL, Nov. 7 (Korea Bizwire) — LG Electronics Inc. said Tuesday it is preparing for all possibilities amid concerns that the United States may come up with tougher protectionism policies against foreign home appliances. Washington’s International Trade Commission concluded last month that washing machines produced overseas by South Korean firms, including LG Electronics, are hurting [...]

Southeast Asia’s Largest Online Shopping Mall Seeks Sellers from S. Korea

Southeast Asia’s Largest Online Shopping Mall Seeks Sellers from S. Korea

Will Ross, CEO of Lazada Crossborder, speaks during a press conference in Seoul on Nov. 7, 2017. (image: Lazada Group) SEOUL, Nov. 7 (Korea Bizwire) — Lazada Group, which runs the largest online shopping platform in Southeast Asia, said Tuesday it is looking for South Korean companies who will sell their products in the growing [...]