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Creditors of Kumho Offer Final Concessions to Resolve Brand Dispute with China’s Doublestar

Creditors of Kumho Offer Final Concessions to Resolve Brand Dispute with China’s Doublestar

SEOUL, July 7 (Korea Bizwire) – Creditors of Kumho Tire Co. on Friday decided to offer final concessions to resolve a dispute surrounding the usage fee of the Kumho brand between the tiremaker’s parent company and China’s Qingdao Doublestar Co. The concessions came after a meeting earlier in the day with Kumho Tire’s creditors, which [...]

Qingdao Refuses to Join Daegu Chicken and Beer Festival

Qingdao Refuses to Join Daegu Chicken and Beer Festival

DAEGU, July 26 (Korea Bizwire) – While the Daegu Chicken and Beer Festival is scheduled to kick off on July 27 in Duryu Park, Daegu’s sister city Qingdao, located in Shandong Province, China, announced on July 19 that it would not be participating in this year’s festival. A total of 70 delegations from China, including the [...]

S. Korea’s Beer Imports Hit Record High in 2015

S. Korea’s Beer Imports Hit Record High in 2015

SEOUL, March 30 (Korea Bizwire) – South Korea imported a record amount of beer last year as more consumers preferred various flavors beyond the lager-dominated domestic brands and discount stores offer aggressive price promotions, data showed Wednesday. Inbound shipments of beer reached 170,919 tons worth US$142 million in 2015, up 27 percent from a year [...]