SEOUL, Aug. 28 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s leading maker of processed foods, said Monday it has completed the acquisition of a Brazilian company to expand its foothold in the vegetable protein business. Earlier in June, the Korean firm announced its plan to buy Selecta, a Brazilian company that manufactures soy protein [...]
SEOUL, Jul. 23 (Korea Bizwire) — South Korea won this year’s world championship for mathematics with six gold medals, regaining the top title after five years, the event’s organizers said Sunday. The six-member South Korean delegation earned a combined 170 points at the International Mathematical Olympiad 2017 held in Rio de Janeiro, Brazil on July [...]
BRAZIL, Jun. 23 (Korea Bizwire) — South Korean manufacturer Hanbyul ENC has landed a business deal in Brazil that will see the company build platform screen doors for the Santos subway. According to the Electronics and Telecommunications Research Institute (ETRI), the small South Korean company was able to win the contract thanks to the help [...]
SEOUL, March 22 (Korea Bizwire) – Brazilian chicken has been taken off the shelves of three major supermarket chains in South Korea after controversy broke out surrounding rotten chicken meat imported from Brazil’s BRF, the world’s largest poultry exporter. Brazilian chicken accounts for 83 per cent of all imported poultry products in South Korea, with [...]
SEOUL, March 21 (Korea Bizwire) – South Korean boy band BTS, also known as Bangtan Boys, has wrapped up the South American leg of its world tour with success, selling more than 40,000 tickets in the region, according to its agency Tuesday. According to Big Hit Entertainment, which represents BTS, the team performed in front [...]
NEW YORK and SAO PAULO, Brazil, Aug. 18 (Korea Bizwire) — Nasdaq, Inc. (Nasdaq:NDAQ) has announced today the extension of their contract regarding BM&FBOVESPA’s – the largest stock exchange in Latin America – use of the SMARTS Market Surveillance platform across Brazil’s equities, commodities and futures markets. Nasdaq has been working with BM&FBOVESPA since 2011, helping [...]
SEOUL, Aug. 4 (Korea Bizwire) – “It took me 14 hours to get to L.A.,” said 17-year-old Conny, who flew all the way from her home in Argentina for the annual K-pop convention KCON that took place in Los Angeles last weekend. The popularity of Korean culture has grown considerably in South America over the past [...]
SEOUL, March 31 (Korea Bizwire) – Hyundai Rotem Co., a train making unit of Hyundai Motor Group, said Thursday that it has completed the construction of a plant in Brazil that will serve as its main foothold to advance into the Latin American market. The plant on 150,000 square meters of land in Sao Paulo has [...]
SEOUL, March 21 (Korea Bizwire) - Hyundai Motor achieved its first salesgrowth in Brazil in 11 months in February, despite the South American country’s severe economic slump, industry officials said Sunday. The officials said Hyundai sold 13,922 vehicles in Brazil last month, up 6.3 percent from the same month in 2015.’ It is the first time since March last year that the top South Korean automaker has attained a year-on-year monthly sales increase. Hyundai’s Brazilian market share, which rose [...]
SEOUL, Dec.28 (Korea Bizwire) – Korea turned out to be the largest buyer of weapons in 2014. According to the annual report on the sales of weapons issued by the Congressional Research Service (CRS), Korea was the largest importer last year, spending $7.8 billion on weapons. CRS is an organization under the American Library of [...]