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Reporter : Kim Jae-heun
Mon, February 26, 2024 | 15:59
Emart24 drives Korean food craze in Singapore
Emart24, a convenience store chain operated by retail giant Shinsegae, is creating a craze in Singapore for Korean delicacies and snacks, only six months after it started business there, company officials said Monday. The retailer opened its first two convenience stores together in Singapore's Jurong Point and NEX malls last December.
Daesang acquires Lucky Foods to make more kimchi in US
Daesang has acquired U.S. food firm Lucky Foods to boost its sales of kimchi in the world's largest economy as part of its global expansion plan, Korea's largest kimchi maker said Monday. The company purchased a 100 percent stake in Lucky Foods and all of its facilities for 38 billion won ($29.6 million), raised through a paid-in capital increase in March.
Hyundai Elevator wins largest-ever order for apartment reconstruction project in Seoul
Hyundai Elevator has won its largest-ever order to supply a total of 314 elevators and escalators to the country's biggest apartment reconstruction project in southeastern Seoul, the company said Sunday. It will receive 43.4 billion won ($33.9 million) for its 256 elevators and 58 escalators, the largest in terms of the number of items and the contract sum. Its previous bigge...
Chong Kun Dang accelerates development of new drugs
Chong Kun Dang (CKD) is accelerating the development of new drugs by significantly expanding investments in research and development, the pharmaceutical company said Sunday. During the first five months of this year, CKD spent 181.4 billion won ($141.7 million) or 12.2 percent of its annual sales in 2022 to expand the scope of new drug development to advanced biopharmaceutica...
Kumho Tire boosts presence in Europe
Kumho Tire hosted a party of 50-plus dealers at the Vallelunga race circuit near Rome, Italy, from June 9 to 11, as part of its goal of strengthening its presence in the European market, a company official said Thursday.
Beauty device company APR earns unicorn status with 1 trillion won valuation
Global beauty tech firm APR has become a unicorn company after receiving a 1 billion won ($781,983) investment from CJ OnStyle, thereby putting its corporate value over 1 trillion won, the company said Thursday.
Hyundai Bioscience's CP-COV03 selected for presentation at ASM Microbe 2023
Hyundai Bioscience's broad-spectrum antiviral Xafty (CP-COV03) and its phase 2 clinical study results will be presented at the “Emerging Science” session of the 2023 Microbial Annual Conference of the American Society for Microbiology (ASM), the world's largest infections and microbiology conference, in Houston, Texas, from June 15 to 19 (local time), the company said Thursda...
7-Eleven Korea strengthens trading business via global network
7-Eleven Korea, a major convenience store chain, has used its worldwide network to become a global trading company exporting domestic products and importing popular overseas items, company officials said Wednesday.
Kyochon promotes Korean-style fried chicken in New York
Kyochon F&B participated in the International Franchise Expo (IFE) 2023, held in New York from June 1 to 3, to promote its Korean-style fried chicken to local consumers and increase brand awareness there, the company said Tuesday.
Retailers, food firms increase collaboration with YouTubers
Retailers and food companies are rushing to collaborate with popular YouTubers to promote their new products and raise brand awareness, according to industry officials, Tuesday.