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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

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Companies

Tue, February 7, 2023 | 00:36

Korea cannot build own global supply chains like US, China, EU: trade minister

Korea cannot build own global supply chains like US, China, EU: trade minister

Korea should diversify its export destinations for more sustainable economic growth, Trade Minister Ahn Duk-geun said Monday, adding that the country is heavily dependent on exports at a time when large economic regions such as the United States, China and Europe are using on-shoring strategies to add value their own economies.

Baek Byung-yeul | 2023-01-16 16:59

Korean exporters alarmed by China's retaliatory visa ban

Korean exporters alarmed by China's retaliatory visa ban

Korean companies have begun to suffer setbacks in their businesses in China as a result of Beijing's refusal to issue short-term visas for Korean travelers, according to industry officials, Monday. Small- and medium-sized exporters here are feared to face further declines in their sales in China due to difficulties sending their employees there to talk to clients. And some Ko...

Park Jae-hyuk | 2023-01-16 15:52

LG Energy Solution, Hanwha join hands to dominate US market

LG Energy Solution, Hanwha join hands to dominate US market

LG Energy Solution (LGES) signed a memorandum of understanding (MOU) with three Hanwha Group affiliates, Monday, to hold a dominant position in the rapidly growing U.S. energy storage system (ESS) market through joint investments in the construction of a battery production line there. They also agreed to develop an integrated system embracing air conditioning and electronic e...

Park Jae-hyuk | 2023-01-16 15:50

Hyundai Motor promotes Busan's bid for World Expo 2030 at Davos Forum

Hyundai Motor promotes Busan's bid for World Expo 2030 at Davos Forum

Hyundai Motor Group (HMG) will actively engage in promoting the Busan World Expo 2030 in Davos, Switzerland, where the World Economic Forum (WEF), also known as the Davos Forum, will be held, according to the country's leading carmaker, Monday.

Kim Hyun-bin | 2023-01-16 15:42

Hyundai Motor's Lee Suk-yi becomes 17th sales master with 5,000 cars sold

Hyundai Motor's Lee Suk-yi becomes 17th sales master with 5,000 cars sold

Lee Suk-yi, sales general manager of Hyundai Motor's Cheonan West Branch, was selected as the company's latest sales master after achieving the sales of over 5,000 vehicles, the company announced Monday. Sales master is an honor given to employees who have exceeded 5,000 cumulative sales, and only 17 people, including Lee, have been honored with the title.

Kim Hyun-bin | 2023-01-16 13:49

Kyochon set to enter Taiwan

Kyochon set to enter Taiwan

Kyochon F&B, the owner of Korea's leading fried chicken franchise Kyochon Chicken, said Sunday that it signed a memorandum of understanding (MOU) with La Kaffa International Group (La Kaffa) for a master franchise contract to enter the Taiwanese market. La Kaffa is one of Taiwan's top three food and beverage companies that leads the restaurant business there with its solid in...

Kim Jae-heun | 2023-01-16 08:52

Companies rush to open pop-up stores to woo young consumers

Companies rush to open pop-up stores to woo young consumers

Companies across the board, including food firms, entertainment agencies and foreign luxury brands, are rushing to open pop-up stores to meet with young customers and appeal to their corporate values, according to industry officials Tuesday. As the COVID-19 pandemic enters an endemic phase here, people are rushing out to enjoy outdoor activities, and pop-up stores have become...

Kim Jae-heun | 2023-01-15 17:04

Dongwon, Binggrae recall contaminated products

Dongwon, Binggrae recall contaminated products

Dongwon Food & Beverage (F&B) and Binggrae have issued recalls for their products that have been found to contain bacteria and iron fragments, while providing refunds to buyers, according to company officials Monday.

Kim Jae-heun | 2023-01-15 17:03

Koreans' per capita spending on luxury goods highest in world

Koreans' per capita spending on luxury goods highest in world

Koreans were found to have spent the most per capita on high-priced bags and other luxury goods, according to a report by Morgan Stanley. The global investment bank said it estimated that Koreans' total spending on luxury items grew 24 percent to $16.8 billion (208.6 trillion won) in 2022 from a year ago, which is about $325 per person. The per capita figure is far more than ...

Kim Jae-heun | 2023-01-15 17:03

LG Chem CEO to lead chemical consultative body at Davos

LG Chem CEO to lead chemical consultative body at Davos

Shin Hak-cheol, vice chairman and CEO of LG Chem, has been elected chair of an industrial consultative body at the World Economic Forum (WEF) in Davos, Switzerland, the chemical arm of LG Group said Sunday. The company said Shin now heads the WEF's Chemical & Advanced Materials Industry Governors for the next two years until 2024. The body is comprised of CEOs from around 30 ...

Baek Byung-yeul | 2023-01-15 16:11

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