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Reporter : Kim Jae-heun
Fri, February 23, 2024 | 13:53
Traditional markets catch on with foreign tourists, young consumers
Thai tourist Rob Gorman, 34, visited Mangwon Market in Mapo District, western Seoul, three weeks ago when he came to Korea. “I saw my friend post a picture of this Korean tradition market on social media before and I wanted to go there so bad,” Gorman said.
Local food firms tightfisted on R&D investment
Food companies, eager to boost their profitability by raising prices of processed foods such as instant noodles, snacks and bread over the past year, appear to be neglecting investment in research and development activities, industry officials said Thursday. Most major firms' R&D expenses came to only around 1 percent of their total sales, showing no growth compared to 10 yea...
POSCO International to boost steel trade, energy business in Australia, Southeast Asia
POSCO International has decided to expand its steel trading and energy businesses in Southeast Asia and Australia to help boost Korea's faltering outbound shipments, company officials said Thursday.
AmorePacific, LG H&H struggle to lessen reliance on China
The country's top two cosmetics firms ― AmorePacific and LG Household & Health Care (LG H&H) ― are struggling to reduce their reliance on China as their sales in other regions including North America are not enough to offset falling sales in the world's second-largest economy, according to company officials Wednesday.
Buffet restaurants regain popularity amid soaring food prices
A 32-year-old office worker surnamed Kim living in Seoul recently visited VIPS, a buffet restaurant chain operated by CJ Foodville, with his friend for the first time in six years. “I recently went to VIPS because the price for using its salad bar is only a little over 30,000 won ($22.89) per person. It is pretty reasonable considering that you can have limitless food and dri...
POSCO chairman visits India to bolster cooperation on environment-friendly steel tech
POSCO Group Chairman Choi Jeong-woo visited JSW Steel's headquarters in Mumbai on Sunday and met with company Chairman Sajjan Jindal to discuss ways to cooperate in eco-friendly steel technology, company officials said Tuesday.
Kakao Mobility inks partnership with UK UAM parts maker
Kakao Mobility has signed an agreement with Vertical Aerospace (Vertical), a British aircraft manufacturer, to jointly provide commercial urban air mobility (UAM) services in Korea and other countries, company officials said Monday.
CJ CheilJedang builds world's largest frozen pizza plant in US
CJ CheilJedang has completed the construction of the world's largest frozen pizza production facility in the United States as part of its efforts to unseat market leader Nestle from the top spot, company officials said Monday. Korea's largest food firm expanded its Schwan's pizza factory in Salina, Kansas, by about 40,000 square meters to a total of 90,000 square meters.
Burger King meets friction with franchisees over price discount event
Burger King's local franchisees have staged a protest against company headquarters by refusing its price discount promotional event which was launched without consent between May 8 and 21. Among 120 affiliated stores in the country, only 39 followed the Burger King policy.
Harim celebrates 'Family Month' by hosting dinosaur-themed exhibition with Yonggari
Children pose at a photo zone after experiencing “Yonggari AR Dino Museum,” an augmented reality exhibition held at the Seodaemun Museum of Natural History in western Seoul, on Sunday. The event hosted by local food firm Harim, showcases 16 dinosaur models including Tyrannosaurus, Brachiosaurus, Triceratops, Stegosaurus and Pterosaur. A total of 1,500 participants visited the...
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