SEOUL, Dec. 17 (Korea Bizwire) – Coca-Cola Beverage, a subsidiary of LG Household & Health Care, has conducted its first voluntary retirement program since being acquired in 2007. The program, targeting older employees in the sales and logistics departments, reflects growing pressure on the company amid declining profits in the domestic beverage market. Details of the [...]
SEOUL, Dec. 13 (Korea Bizwire) – With South Korea’s bottled water industry facing growing competition, Coca-Cola Beverage is making its bid for the premium segment with a new product launch, adding another player to an increasingly crowded market where longtime leader Jeju Samdasoo has seen its market share slip below 40%. Coca-Cola announced on December 12 [...]
VICTOR, N.Y., Jan. 6 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has entered into a brand authorization agreement with The Coca-Cola Company in the United States to bring the FRESCA® brand into beverage alcohol through the manufacturing, marketing, distribution, and launch of FRESCA™ Mixed [...]
SEOUL, Aug. 23 (Korea Bizwire) — Coca-Cola Korea will operate an offline experience center for plastic recycling at mega shopping mall Starfield Hanam in Hanam, southeast of Seoul, until Aug. 29 as part of its commitment to developing sustainable environmental practices. The center, located on the first floor of the mall, offers camping goods, clothes, [...]
NEW YORK, April 22 (Korea Bizwire) — Today, The Coca-Cola Company, Colgate-Palmolive Company and Unilever have joined the Anheuser-Busch InBev (AB InBev) 100+ Accelerator to fund and pilot sustainable innovation in supply chains. Launched in 2018, the 100+ Accelerator is a global incubator program that works to solve supply chain challenges across water stewardship, circular [...]
SEOUL, Aug. 31 (Korea Bizwire) — With consumers facing greater options for cheap and quick coffee, instant coffee brands like Maxim and Nestlé have scrambled in recent years to adapt to the increasingly competitive industry. A joint report by the Ministry of Agriculture, Food and Rural Affairs and the Korea Agro-Fisheries & Food Trade Corporation [...]
SEOUL, July 17 (Korea Bizwire) – Coca-Cola and KT have been named the first sustainability partners for the 2018 PyeongChang Winter Olympics, the event’s organizers said Monday. The PyeongChang 2018 organizing committee noted that Coca-Cola is undertaking a water quality project in the PyeongChang area, and that KT, PyeongChang’s local telecommunications partner, is seeking to [...]
SEOUL, March 23 (Korea Bizwire) – Food companies have started to cut down the sugar levels in their products to match consumer awareness of the substance blamed for rising obesity, industry officials said Wednesday, in step with government moves to reduce its intake through state-level measures. According to LinkAztec, a market research company, the business-to-consumer (B2C) [...]
Bali, Indonesia, June 21, 2014 (Korea Bizwire)–Bali continues to receive international attention for its alarming waste problem. Last March 2014, Huffington Post published an article called, “Why You Should Take Bali Off Your Bucket List”, highlighting the growing amount of rubbish on Bali’s famous beaches and referring the situation as an environmental disaster. “We all should [...]
SEOUL, May 27 (Korea Bizwire) – When does Suzy’s attractiveness run out? Miss A’s Suzy, dubbed as “People’s First Love” and starring in dozens of commercials already, appeared on a new Sprite TV commercial. Of all commercials she has appeared, this one is highly appreciated as the “all-time best.” In the latest commercial, Suzy appears [...]