SEOUL, Nov. 5 (Korea Bizwire) — South Korea’s exports of its traditional chicken soup to China shot up in 2017 from three years earlier thanks to the dish’s growing popularity in the world’s most populous nation, data showed Monday. Exports of chicken soup, called “samgyetang” here, to China came to US$100,339 last year, up 22 [...]
SEOUL, Oct. 31 (Korea Bizwire) — Exports of South Korean beer have jumped more than 50 percent so far this year compared with the same months last year, driven by growing popularity in China, data showed Wednesday. Figures from the Agro-Fisheries & Food Trade Corp. (aT) showed exports of US$121 million in the January-September period, [...]
NEW YORK, Oct. 30 (Korea Bizwire) — Annual worldwide corporate R&D spending increased by 11% in 2018, totaling US$782bn in annual investment, based on an annual analysis of the 1000 largest global public companies by R&D spend conducted by PwC’s Strategy&. The 14th edition of PwC’s Strategy& Global Innovation 1000 Study shows how innovation investment is [...]
SEOUL, Oct. 29 (Korea Bizwire) — SK Innovation Co. announced yesterday that a joint venture between subsidiary SK Global Chemical Co. and China’s state-run China Petrochemical Corp., known as Sinopec Group, had held a race aimed at raising environmental awareness in China. A total of 170 company employees participated in the running exercise held at [...]
SEOUL, Oct. 29 (Korea Bizwire) — Hyundai Motor Co. has partnered with a Chinese institute to set up a US$100 million fund for local investments in hydrogen technologies and related industrial infrastructure, the company said Monday. Hyundai Motor and the Beijing-Tsinghua Industrial R&D Institute have kicked off the Hydrogen Energy Fund, with venture capitalists from [...]
THE HAGUE, Netherlands, Oct. 16 (Korea Bizwire) — Dutch energy storage and battery company Lithium Werks B.V. (www.lithiumwerks.com) and Chinese Zhejiang Jiashan Economic and Technological Development Zone Industry Corporation have signed a framework agreement with the intention to construct a 60 hectares battery gigafactory in the Yangtze river Delta. Total investments required are estimated at [...]
LAKEWOOD, Colo., Oct. 9 (Korea Bizwrie) — Shanghai UniCAR-Therapy Bio-Medicine Technology Co. chose Terumo BCT and its cell expansion devices to automate its cell therapy manufacturing process for chimeric antigen receptor (CAR) T-cell therapies. Privately held, UniCAR will open their Center of Excellence for Terumo BCT’s technologies in Shanghai in November. Terumo BCT is a [...]
SEOUL, Oct. 4 (Korea Bizwire) — The inclusion of MUMUSO, a copycat of Korean stores that produces household products, in Lotte Mart’s Vietnam stores has been frowned upon by many critics. Lotte Mart Vietnam announced yesterday that MUMUSO opened up shop in its South Saigon branch in August. On its labels, the words, “KOREA” and [...]
SEOUL, Oct. 1 (Korea Bizwire) — Dairy exports to China are recovering quickly this year after a steep dive in 2017 due to a diplomatic spat, industry officials said Monday. Maeil Dairies Co. is estimated to have increased its exports to China by 20 to 30 percent in the first six months of this year [...]
SEOUL, Sept. 19 (Korea Bizwire) — The Federation of Korean Industries (FKI) said Wednesday it has established the Korean committee of the Silk Road Chamber of International Commerce (SRCIC) to help promote China’s Belt and Road Initiative. The FKI set up the committee at the request of the SRCIC. The Korean business lobby group will [...]