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Reporter : Kim Jae-heun
Fri, July 1, 2022 | 01:05
Kolmar Korea acquires global trademark
Kolmar Korea has acquired the global trademark of “Kolmar,” the company said Tuesday. It is the first time that a Korean firm has acquired the original company's brand trademark in the cosmetics industry. The company's original headquarters was based in the United States, where it was first established in 1921.
India's wheat export ban feared to raise prices of bread, instant noodles
India's wheat export ban has been causing concerns over possible hikes in the prices of instant noodles, bread and other processed products made from the grain in Korea in the coming months, according to industry officials, Monday. India is the world's second-largest wheat exporter after China. Korea imports 51 percent of its milled wheat from the United States and the rest f...
Naver Webtoon to set up joint venture with Japanese broadcaster TBS
Naver Webtoon has agreed to establish a joint venture, “Studio Toon,” together with Japanese broadcasting network TBS and Japanese webtoon producer Shine Partners, the company said on Monday. The headquarters of Studio Toon will be set up in Seoul this month and it will start operating from June. A webtoon is a digital comic published online.
KT&G achieves earnings surprise in Q1
KT&G, the country's largest tobacco company, recorded an earnings surprise in the first quarter of this year thanks to its flourishing overseas business, with robust sales of its heat-not-burn (HNB) tobacco products and e-cigarettes, the company said Friday.
Coupang's operating loss narrows in Q1
Coupang reduced its operating loss in the first quarter of the year for the first time since it went public in March 2021, while breaking another sales record. Its operating loss fell to $209.2 million, down by 23 percent from $449.7 million (580.1 billion won) in the fourth quarter of 2021, according to the regulatory filing revealed by the company, Thursday.
Posco International CEO visits Uzbekistan to check global supply chain
Posco International CEO Joo Si-bo visited Uzbekistan from May 9 to 12 to check the company's global supply chain there, while meeting with Governor Bozorov Hayitbayevich of the region of Fergana to discuss their plans to establish a raw cotton cluster in the Central Asian country, the company said, Thursday. The cotton cluster refers to the Uzbekistan government's project to ...
LG Energy Solution to develop smart factory tech with RIST
LG Energy Solution and the Research Institute of Industrial Science & Technology (RIST) will start a joint study to develop advanced technologies for smart factories, the company said, Wednesday. The two parties agreed to actively cooperate in researching various cutting-edge technologies including digital twin technology, which implements virtual representations of real-worl...
Is BBQ overcharging American consumers?
Genesis BBQ has been accused of overcharging U.S. consumers, who are mostly Korean Americans living in California and New York. The fried chicken franchise was found to have charged $80.72 (102,934 won) for two menu items, according to consumers and industry watchers, Wednesday. A consumer in the United States recently posted a receipt online, showing two fried chicken dishes...
Samsung, SK in race to gain lead in CDMO market
Samsung Biologics and SK Bioscience plan to invest heavily in the contract development and manufacturing organization (CDMO) market, which the two firms believe will be their next growth engine.
Samsung C&T enters global SMR market in full swing
Samsung C&T will forge a comprehensive partnership with NuScale, a leading small modular reactor (SMR) technology provider, to pursue its global SMR business at full force. The firm announced it reached an agreement with NuScale for a comprehensive partnership on joint market development and expansion, after the two entities' executives held a meeting at NuScale Power headqua...
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