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Reporter : Kim Jae-heun
Thu, June 1, 2023 | 04:50
Kakao Mobility to enter Laos
Kakao Mobility will sign a business agreement with Vietnamese mobility firm LVMC Holdings and establish a local service platform, which will then be launched in Laos the company said Tuesday. LVMC Holdings, founded in 1997, is sometimes considered to be from Laos, as it has the largest vehicle sales in Laos and the second-largest commercial car sales in Vietnam.
SPC opens 120th Paris Baguette store in US
SPC has opened its 120th Paris Baguette store in the United States as Korea's largest bakery brand expands its presence in the world's largest economy, company officials said Monday. The firm operates 20 stores directly through its U.S. subsidiary, and individuals and corporations run the remaining 100 stores under franchise agreements.
KT&G partners with PMI to expand global heat-not-burn business
KT&G has inked a 15-year deal with global tobacco company Philip Morris International (PMI) to expand its worldwide business for heat-not-burn products, the company said Monday. The two firms held the KT&G-PMI Global Collaboration event to sign a product supply contract for overseas sales of KT&G's “lil” series.
Retailers seek to bolster beauty product sales as lifting of mask mandate approaches
Department stores and other retailers are organizing various promotional events to boost sales of beauty products to capitalize on the government's decision to lift the indoor mask mandate on Monday, according to industry officials Sunday.
KT promotes domestic supply of Mongolian rare earths
KT will expand business cooperation with the Mongolian government to secure mineral resources, including rare earth elements to be imported to Korea, according to the company, Thursday. KT said Thursday it signed a strategic partnership with the Mongolian government to help realize the country's digitalization.
XM3 E-TECH Hybrid awarded for EV-like driving performance
Renault Korea Motors' XM3 E-TECH Hybrid has been selected as Hybrid SUV of the Year by the Automobile Writers' Association of Korea. The model is popular among local consumers for being an electric vehicle-like hybrid. The XM3 E-TECH Hybrid can run on up to 75 percent on electrical power and reach speeds of up to 50 kilometers per hour in normal conditions, which gives driver...
Why Korea imports so much kimchi from China
A 59-year-old housewife surnamed Lee has recently begun purchasing kimchi products made in China because they are cheaper than locally made ones. “As living costs rise in all aspects, I have been looking to cut expenses in any possible areas and food is one of them. Before, I would buy kimchi products made in Korea only,” Lee said.
CJ CheilJedang, Korea University to nurture talent in food, bio industries
CJ CheilJedang said Friday it has signed a memorandum of understanding with Korea University to foster talent in the food and bio industries.
Gmarket users report suspicious account activity
Gmarket, an e-commerce firm operated by E-mart, is in the hot seat over a possible massive cyberattack on its customers' personal accounts, according to industry officials, Friday. A number of users have posted on social media about recent attempts by unknown people purchasing products with their IDs. Some complained that gift cards they purchased online were used.
Soaring prices force consumers to tighten belts for holiday shopping
A 33-year-old housewife surnamed Park could not believe how much food prices have gone up while shopping for groceries for the Lunar New Year holiday, which falls on Jan. 22 this year. “I spent 100,000 won ($81.03) more than last year. All the prices increased, from meat to fruits and vegetables. I only purchased what I needed and just the right amount and it still cost me mo...