SEJONG, May 8 (Korea Bizwire) – Sam’s Club, the membership-only retail warehouse chain owned by Walmart, is eager to purchase Korean products across several categories, presenting a significant opportunity for small and medium-sized Korean companies looking to penetrate China’s consumer market. The Korea Trade-Investment Promotion Agency (KOTRA) revealed on May 7 a list of items that [...]
LATHAM, N.Y., April 19 (Korea Bizwire) – Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, today announced an agreement with Walmart Inc. (NYSE: WMT) for an option to deliver up to 20 tons per day of liquid green hydrogen to power material handling lift trucks across Walmart distribution and [...]
SEOUL, Aug. 16 (Korea Bizwire) – Nongshim Co., the country’s top instant noodle maker, said Wednesday its best-selling instant noodles are now sold at every Walmart store in the United States, as it attempts to expand its presence in the global market. Nongshim said its Shin Ramyun is now being sold at 4,692 Walmart stores [...]
SEOUL, Sept. 8 (Korea Bizwire) — A consortium led by Seoul-based private equity fund MBK Partners clinched a 7.2 trillion won (US$5.98 billion) deal to acquire U.K.-based retail giant Tesco Plc‘s Korean unit, marking the nation’s largest takeover deal. MBK said it struck the stock purchase agreement with Tesco in Hong Kong a week after [...]
SEOUL, Aug. 9 (Korea Bizwire) — More than a half of Koreans who have purchased overseas goods directly used Amazon, world’s largest online shop. According to the Korea Consumer Agency which conducted a customer satisfaction survey among 1,000 Koreans with experience of overseas direct purchase in the past two years, 55.9 percent of them have purchased [...]
BENTONVILLE, Ark. April, 9, 2014 (Korea Bizwire)–Walmart announced plans today to purchase energy-efficient LED ceiling lighting fixtures for new supercenters in the United States, stores in Asia and Latin America, and Asda locations in the United Kingdom. The new fixtures will use 40 percent less energy than lighting sources historically used in stores, and will [...]