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Reporter : Lee Hyo-sik
Sun, December 10, 2023 | 23:40
KT&G unveils heat-not-burn (HNB) e-cigarette
KT&G has unveiled its heat-not-burn (HNB) e-cigarette, lil, which it hopes will establish its leadership in the rapidly growing alternative cigarette market. The local cigarette maker is expected to be engaged in heated competition with Philip Morris International (PMI) and British American Tobacco (BAT), which have already introduced their own HNB e-cigarettes; IQOS and glow...
For needy households
S-Oil CEO Othman Al Ghamdi, left, and company employees deliver briquettes in Gaemi, Seoul, to low-income families and senior citizens living alone, Tuesday. The refiner donated 60,000 briquettes. Courtesy of S-Oil
KCCI's top pick
The Korea Chamber of Commerce and Industry (KCCI) selected a photo of construction workers on a suspension bridge as a grand prize for this year’s photo contest. The winner will receive 30 million won. The business association also picked two second-place winners who will get 5 million won each, five third-place winners and 30 fourth-place winners. / Courtesy of KCCI
Lotte crying foul at Incheon airport
Lotte Duty Free has filed a complaint against Incheon International Airport Corp. (IIAC), calling on the antitrust agency to correct what it calls “unfair business practices” by the airport operator. Korea’s largest duty free store chain said Monday it decided to ask the Fair Trade Commission (FTC) to look into a five-year lease contract it signed with the IIAC as to whether it violates the nation’s Fair Trade Act or not. The move comes amid the ongoing dispute over rent Lotte has to pay to the Incheon airport.
Kolmar exec heads global cosmetics body
A chief scientist at Kolmar Korea has been selected to head the international body of cosmetics experts, reflecting Korea’s growing clout in the global cosmetics industry. A major cosmetics original design manufacturer said its Chief Technology Officer (CTO) Kang was recently appointed as 59th chairman of the International Federation of Societies of Cosmetic Chemists (IFSCC)....
Korea to reflect public opinion on FTA renegotiation
Finance Minister Kim Dong-yeon said the government will draw up goals for the ongoing Korea-U.S. Free Trade Agreement (KORUS FTA) renegotiations by reflecting public opinion and consulting with the National Assembly. “The public has shown a great deal of interest in the ongoing renegotiation, so the government will hold public hearings, report to the Assembly and follow up other due processes,” Kim said Friday. On Nov. 10, the government plans to hold the first public hearing on the KORUS FTA renegotiation at COEX in southern Seoul.
'Tobacco regulations spread to other consumer goods'
Tighter regulations on cigarette products have spilled over to alcohol, soda and other consumer products, which has restricted consumer choices and made goods more expensive, Japan Tobacco International (JTI) said. At a recent conference on intellectual property rights, Michael Deignan, vice president of JTI Asia Pacific, also argued that plain cigarette packaging and other r...
[INTERVIEW] Korea diversifies agricultural export markets
Korea has been diversifying export markets for its agricultural goods this year to offset falling shipments to China, which has been escalating its economic retaliation against Seoul’s deployment of a U.S. missile defense system, the nation’s top agricultural policymaker said. Asia’s fourth-largest economy has been shipping more locally-grown agricultural products and process...
Poolus attracts investment from Naver, SK
Korea’s first ride-sharing app Poolus has attracted 22 billion won ($20 million) in investments from Naver, Mirae Asset, SK and other investors as it expands its services across the country. The startup, founded in May 2016, said the latest investments will help finance its expanding operations and further solidify its leadership in the newly-emerging market. The investors in...
Uniqlo offers pickup service at 7-Eleven
People buying Uniqlo clothing and other merchandise online can now pick up their purchases up at more than 7,000 7-Eleven convenience stores across the country, the Korean unit of the global SPA brand said Wednesday. Customers can also return clothing through the stores. Uniqlo Korea recently launched the “Smart Pick Service,” allowing its shoppers to pick up and return onlin...
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