SEOUL, June 3 (Korea Bizwire) — Daesang Corp., a major South Korean food company, said Monday it has expanded production facilities for Korean food in Vietnam to meet growing local demand. Daesang has invested 30 billion won (US$22 million) to sharply increase the annual output capacity of a dried laver plant in Hai Duong and [...]
SEOUL, June 19 (Korea Bizwire) — South Korea’s leading kimchi maker Daesang Corp. said Monday it has acquired U.S. food company Lucky Foods as part of its efforts to expand its kimchi business in the United States. Daesang said it acquired all of the shares and facilities of Lucky Foods after securing a 38 billion [...]
SEOUL, Feb. 24 (Korea Bizwire) — POSCO International Corp., a major South Korean commodities trader, has joined hands with food company Daesang Corp. to scale up their starch sweetener business, the two companies said Friday. They signed a memorandum of understanding (MOU) the previous day to cooperate in investing in new businesses and the supply [...]
SEOUL, Nov. 7 (Korea Bizwire) — Food company Daesang Corp. said Monday it has formed a joint venture with a Polish fermented food maker as the South Korean maker tries to expand the traditional fermented vegetable dish globally. Daesang said it has agreed on a 76-24 joint venture called “Daesang ChPN Europe” with Charsznickie Pola [...]