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Wed, May 18, 2022 | 22:35

Chaebol set to unveil massive investment plans under new gov't

Korea's major business groups are expected to unveil massive investment plans soon after the country inaugurates a new president on Tuesday. President Yoon Suk-yeol has promised to create a business-friendly environment by easing regulations and expanding support for semiconductor manufacturers and other key industries, according to business officials Monday. Pledging to crea...

Kim Hyun-bin | 2022-05-09 16:48

Herbalife Nutrition strengthens ESG practices to build brand trust

With the rise of conscious consumerism and investing, companies around the world are increasingly incorporating environmental, social and corporate governance (ESG) principles into their business operations. This trend is particularly true of Millennials and Generation Z, who are often characterized as expressing their values through their consumption choices and are actively...

Kim Jae-heun | 2022-05-09 16:04

OneStore to push ahead with IPO despite growing uncertainties

OneStore CEO Lee Jae-hwan says the company will push ahead with its scheduled initial public offering (IPO) on the KOSPI in May, despite SK Shieldus withdrawing its IPO plans, citing lack of investor confidence. “It is unfortunate that SK Shieldus, an affiliated company, withdrew its listing, but we plan to keep pushing ahead with the listing because the industry is different...

Kim Hyun-bin | 2022-05-09 14:51

Korean instant noodles enjoy soaring popularity abroad

Korean instant noodles are enjoying their heyday abroad on the back of the explosive popularity of hallyu as a growing number of Korean wave fans around the world seek to try different types of food associated with the Asian country.

Kim Jae-heun | 2022-05-09 13:00

Cooking oil most-sought-after item in online secondhand markets

Cooking oil has become the most-sought-after item in online secondhand markets as concerns over its global supplies have prompted more consumers to stock up the staple item. Indonesia's export ban on its palm oil and the ongoing war between Russia and Ukraine have led cooking oil makers to hike their retail prices, making oil a hot item among thrifty consumers shopping on sec...

Kim Jae-heun | 2022-05-09 08:37

LG, Samsung, SK battery CEOs seek more business opportunities in US

LG Energy Solution, SK On and Samsung SDI are busy looking for further inroads into the rapidly-growing electric vehicle (EV) battery market in the United States. The heads of the Korea battery cell makers have travelled there on business or are planning to do so in order to seek more opportunities, industry sources said Sunday.

Baek Byung-yeul | 2022-05-08 16:29

Convenience stores introduce unique products, services

Convenience stores are offering unique products and services in collaboration with sports, education and finance companies to attract more customers, according to industry officials, Sunday.

Kim Jae-heun | 2022-05-08 15:06

Samsung faces bumpy road ahead to becoming system chip leader

Three years have passed since Samsung Electronics ambitiously declared that it will become the global leader in system semiconductors by 2030, but the chip giant is still suffering from sluggish growth in the sector that includes processing chips and the foundry business. They say Samsung's growth potential, especially in the foundry business that manufactures chips for fable...

Baek Byung-yeul | 2022-05-08 10:19

KCCI chairman seeks international support for Busan's bid to host World Expo

Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won, who is also the chairman of SK Group, is expected to participate in the general assembly of the Bureau International des Expositions (BIE) in Paris next month to convince the global organization's members to support Busan's bid to host the World Expo in 2030, according to industry officials, Friday. Chey is ...

Park Jae-hyuk | 2022-05-06 15:47

Major conglomerates set up contingency plans, prepare for worst-case scenario

A number of conglomerates are setting up contingency plans preparing for the worst-case scenario as uncertainties are mounting, including rising inflation, interest rate hikes, lockdowns in China and the war in Ukraine. Hanwha Solutions, Hanwha Energy, Hanwha Impact, and Hanwha Total Energy's petrochemical and energy business divisions held a meeting, Thursday, to review mana...

Kim Hyun-bin | 2022-05-06 13:38

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