food sales
Scope
Date
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Retail
Japan's fever for Korean homegrown brands on the rise
Shimamura Co., Japan’s second-largest apparel company that runs around 2,200 stores nationwide, has dispatched a team of four buyers to Seoul ...
Aug 31, 2023 (Gmt+09:00)
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Samsung Group
Samsung Electro-Mechanics suffers cut in Q3 earnings estimate
South Korea's Kiwoom Securities on Tuesday said it cut its third-quarter earnings forecast for Samsung Electro-Mechanics due to continued sluggish...
Aug 30, 2023 (Gmt+09:00)
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Hydrogen economy
Hyundai seeks tech to produce clean hydrogen from food waste
Hyundai Motor Group is set to develop technology to produce clean hydrogen from food waste as the world’s third-largest automaker aims to ce...
Aug 29, 2023 (Gmt+09:00)
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Chemical Industry
SK Chemicals wins APR certification for five recyclable materials
South Korea's SK Chemicals announced on Tuesday that five of its recyclable materials, which are used for packaging in the cosmetic, food, and bever...
Aug 29, 2023 (Gmt+09:00)
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Food & Beverage
Nestlé seeks to open Starbucks brand stores in Korea
Nestlé S.A., the world’s largest food company, is preparing to open small Starbucks brand stores in South Korea to attract budget-consc...
Aug 28, 2023 (Gmt+09:00)
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Retail
The Hyundai Seoul attracts 100 mn visitors in 30 months
The Hyundai Seoul, the largest shopping mall in the South Korean capital, has attracted over 100 million visitors since its opening to emerge as a h...
Aug 28, 2023 (Gmt+09:00)
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Electric vehicles
Kia unveils design of EV5, its first China-made global electric car
Kia Corp., South Korea’s second-largest automaker, on Friday unveiled the design of the EV5, its first China-made all-electric vehicle that th...
Aug 25, 2023 (Gmt+09:00)
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Retail
Cuckoo Electronics' duty-free sales in July surge by 592%
South Korea's Cuckoo Electronics Co. announced on Friday that its duty-free sales in July increased by 592.6% compared to the same period last year,...
Aug 25, 2023 (Gmt+09:00)
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Electronics
Samsung launches AI-based diet suggestion platform
Samsung Electronics Co. has launched Samsung Food, an integrated food platform that offers a personalized eating experience and connects to the comp...
Aug 25, 2023 (Gmt+09:00)
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Travel & Leisure
S.Korea's pet-friendly tourism sees brisk growth
More lodging facilities and tourism infrastructure in South Korea are accommodating people who wish to travel with their pets.This strategy by the...
Aug 24, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor’s China restructuring continues with Chongqing plant sale
Hyundai Motor Co., reeling from its weak car sales in China, has put its Chongqing plant up for sale as South Korea’s top automaker continues ...
Aug 23, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion’s Vegzelma listed on prescription of 10 private US insurers
South Korea’s Celltrion Healthcare Co. announced on Wednesday that it has signed contracts with 10 insurance providers in the US to boost the ...
Aug 23, 2023 (Gmt+09:00)
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Food & Beverage
HiteJinro to strengthen soju marketing in UK
South Korea’s leading soju maker HiteJinro Co. announced on Tuesday that its soju sales in the UK are showing consistent growth year by year. ...
Aug 22, 2023 (Gmt+09:00)
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Electronics
Samsung, LG Electronics top 2 global TV makers in H1
Samsung Electronics Co. and LG Electronics Inc., two South Korean tech giants, respectively achieved the No. 1 and No. 2 spots in the global TV set ...
Aug 21, 2023 (Gmt+09:00)
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Economy
Korea sales set to China to fall for 15th straight mth on property crisis
South Korea’s exports to China are poised to slide for a 15th straight month with an expected deeper drop in August amid a faltering economic ...
Aug 21, 2023 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang, Kakao Healthcare sign business agreement
South Korean food giant CJ CheilJedang Corp. announced on Friday that it has signed a business agreement with Kakao Healthcare, a digital healthcare...
Aug 18, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion to merge with global sales affiliate by end-2023
South Korean pharmaceutical giant Celltrion Group has begun procedures to merge biopharmaceuticals developer and producer Celltrion Inc. with global...
Aug 17, 2023 (Gmt+09:00)
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Bio & Pharma
SK Pharmteco gears up for big leap in advanced biotherapies
SK Pharmteco Co., South Korean conglomerate SK Group’s contract development and manufacturing organization (CDMO), is upping the ante in its b...
Aug 17, 2023 (Gmt+09:00)
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Electronics
Samsung's Bespoke Qooker surpasses 200,000 units in sales
Samsung Electronics Co.'s Bespoke Qooker has exceeded cumulative sales of 200,000 units within two years since its launch.Bespoke Qooker is a vers...
Aug 16, 2023 (Gmt+09:00)
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Travel & Leisure
Staying 5 hours on cruise ship in Busan raises sales 30%: study
With the resumption of international cruise ship travel to South Korea, domestic credit card company BC Card says daily sales in commercial district...
Aug 16, 2023 (Gmt+09:00)
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Rebidding Notice of Share Sales in PT Bayan Resources Tbk
Rebidding Notice of Share Sales in PT Bayan Resources Tbk I. Overview of sale 1. Sellers: Korea Southern Power Co., Ltd.(“KOSPO”), K...
Aug 16, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung raises $2.2 billion via ASML stake sale for chip investment
Samsung Electronics Co., the world’s largest memory chipmaker, has sold 3.55 million shares in Dutch chip equipment maker ASML Holding N.V. fo...
Aug 15, 2023 (Gmt+09:00)
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Bio & Pharma
Korean C&R Research to set up US, Thai units for global biz
C&R Research Inc., South Korea’s top contract research organization (CRO), plans to establish units in the US and Thailand this year while...
Aug 14, 2023 (Gmt+09:00)
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Batteries
Falling mineral prices to hit Korean battery materials makers
South Korean battery materials makers are likely to report worsened profitability in the third quarter of this year as prices of lithium hydroxide a...
Aug 14, 2023 (Gmt+09:00)
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Automobiles
Hyundai's premium Genesis cars to break 1 million units in global sales
Genesis, the luxury car brand of Hyundai Motor Co., is on the verge of breaking the million mark in cumulative global sales this month in seven year...
Aug 14, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Taihan Cable posts highest first-half operating profit in 20 years
South Korea's Taihan Cable & Solution Co. announced on Friday that its consolidated operating profit for the first half of this year reached 41....
Aug 11, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea to deliver food safety management skill to Thai, Malaysian officials
The Ministry of Food and Drug Safety of South Korea announced on Friday that it will conduct an invited training program for food safety officials f...
Aug 11, 2023 (Gmt+09:00)
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Machinery
S.Korea's Hanon Systems hits 'home run' with heat pump for EVs
Hanon Systems, a leading South Korean maker of automotive thermal management systems, posted surprising results in the second quarter in blowing awa...
Aug 11, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Toss’ TADA sale back to square one; its mobility push faces setback
Viva Republica Inc., South Korea’s fintech unicorn operating mobile financial platform Toss, is at a crossroads as its second attempt to sell ...
Aug 09, 2023 (Gmt+09:00)
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Shareholder value
SK Square to buy back $152 mn of its stocks by March 2024
South Korean investment firm SK Square Co. will buy back 200 billion won ($151.9 million) worth of corporate shares by March of next year as an effo...
Aug 09, 2023 (Gmt+09:00)