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 [...]
HANOI, April 6 (Korea Bizwire) — South Korean inhabitants of Boracay are expected to take a hit after the Philippine government announced the closure of the holiday island for six months to address environmental woes. Up to 1,000 South Koreans are estimated to be working in the local tourism industry of the popular tourist destination, which [...]
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 [...]
SEOUL, Nov. 14 (Korea Bizwire) – South Korean President Moon Jae-in found himself at the center of attention after his speech at the Asian Business and Investment Summit in Manila, when he was beset by requests for selfies from excited attendees all around. Held at 2 p.m. at the Solaire Resort in Manila, Moon gave [...]
SEOUL, Sept. 4 (Korea Bizwire) — The number of narcotics offenders in South Korea rose 19.3 percent in 2016 from a year earlier, due largely to the widespread use of the Internet as a channel to more easily trade the banned substances, a report showed Monday. The tally of drug offenders came to 14,214 at [...]
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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, Feb. 14 (Korea Bizwire) – South Korea’s police said Tuesday they will send more officers to the Philippines to cope with increasing crimes against Korean nationals in the Southeast Asian country. Deputy Commissioner General Kim Guy-chan visited Manila for talks with Philippine police chief Ronald Dela Rosa to discuss a recent murder case involving [...]