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CP Kelco Closes Sale of Carrageenan Production Site in Philippines to Marcel Trading Corporation

CP Kelco Closes Sale of Carrageenan Production Site in Philippines to Marcel Trading Corporation

ATLANTA, May 11 (Korea Bizwire) — CP Kelco, a leading global producer of specialty hydrocolloid ingredients, today announced it has completed the sale of its carrageenan plant in Sibonga, Cebu, Philippines, to Marcel Trading Corporation, a carrageenan producer in the Philippines. In May 2017, CP Kelco made the decision to seek a strategic buyer for [...]

S. Korean Hotels Set Eyes on Southeast Asia

S. Korean Hotels Set Eyes on Southeast Asia

SEOUL, Dec. 3 (Korea Bizwire) — South Korean hotel chains are targeting Southeast Asian countries to bypass tough competition at home and take advantage of the region’s fast-growing economy, industry watchers said Sunday. Industry watchers said Southeast Asia is an attractive market for local hotel chains as South Koreans also frequently visit the region for [...]

South Korea Extends Travel Alert for Philippines’ Mindanao Region

South Korea Extends Travel Alert for Philippines’ Mindanao Region

SEOUL, July 26 (Korea Bizwire) – South Korea on Wednesday extended its travel alert for two cities in Mindanao, the Philippines, citing safety concerns from ongoing conflicts between the Philippine government and the Islamic State-inspired group. The Ministry of Foreign Affairs here said the travel warnings imposed in May on Davao City and Cagayan de [...]

South Korea Lends Helping Hand to Philippines in Fighting Crime

South Korea Lends Helping Hand to Philippines in Fighting Crime

SEOUL, July 14 (Korea Bizwire) – South Korea will extend its support to help upgrade the investigation capabilities of the Philippines’ police force, officials at a state-run international aid agency in Seoul said Friday. The Korea International Cooperation Agency (KOICA), South Korea’s bilateral aid agency, said that it and the Korea National Police Agency will [...]

S. Koreans Heading to Philippines Drop amid Military Rule, Shooting Attack

S. Koreans Heading to Philippines Drop amid Military Rule, Shooting Attack

SEOUL, June 7 (Korea Bizwire) – The number of South Koreans visiting the Philippines shrank following the imposition of martial law in the Southeast Asian country’s southern region and the recent shooting in Manila, industry sources said Wednesday.  Some 400 people have canceled their trips to the Philippines since May 25 at a Seoul-based travel [...]

CP Kelco Seeks Strategic Buyer for Carrageenan Plant in Cebu, Philippines

CP Kelco Seeks Strategic Buyer for Carrageenan Plant in Cebu, Philippines

ATLANTA, May 31 (Korea Bizwire) — CP Kelco currently produces carrageenan products at manufacturing plants in Lille Skensved, Denmark, and Sibonga, Cebu, Philippines. Based on CP Kelco’s strategy and business objectives, a decision has been made to seek a strategic buyer for the Cebu site.  CP Kelco is not exiting the carrageenan business. Utilizing our deep [...]