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Reporter : Kim Jae-heun
Mon, May 29, 2023 | 17:14
Medytox to build botulinum toxin plant in UAE
Medytox plans to build a botulinum toxin plant in the United Arab Emirates (UAE), seeking to capitalize on the country's rapidly growing market for cosmetic beauty products.
Why Generation MZ consumers are crazy about whisky
A 35-year-old office worker surnamed Kim recently bought a bottle of whisky to drink at home. “I started drinking whisky from last year because there are no hangovers after drinking. For office workers like me, who have to wake up early to go to work but want to drink on weekday nights, whisky is the perfect choice,” Kim said.
Shinsegae International names Kim as new CEO
Shinsegae International has appointed William Kim as its new CEO. He will also continue as the chief digital intelligence officer of the Shinsegae Department Store division to strengthen its digital strategy. The company imports and distributes more than 30 fashion brands as well as 20 cosmetics brands in Korea. It is also cultivating its own brands to expand them globally ev...
Kyochon set to enter Taiwan
Kyochon F&B, the owner of Korea's leading fried chicken franchise Kyochon Chicken, said Sunday that it signed a memorandum of understanding (MOU) with La Kaffa International Group (La Kaffa) for a master franchise contract to enter the Taiwanese market. La Kaffa is one of Taiwan's top three food and beverage companies that leads the restaurant business there with its solid in...
Companies rush to open pop-up stores to woo young consumers
Companies across the board, including food firms, entertainment agencies and foreign luxury brands, are rushing to open pop-up stores to meet with young customers and appeal to their corporate values, according to industry officials Tuesday. As the COVID-19 pandemic enters an endemic phase here, people are rushing out to enjoy outdoor activities, and pop-up stores have become...
Dongwon, Binggrae recall contaminated products
Dongwon Food & Beverage (F&B) and Binggrae have issued recalls for their products that have been found to contain bacteria and iron fragments, while providing refunds to buyers, according to company officials Monday.
Koreans' per capita spending on luxury goods highest in world
Koreans were found to have spent the most per capita on high-priced bags and other luxury goods, according to a report by Morgan Stanley. The global investment bank said it estimated that Koreans' total spending on luxury items grew 24 percent to $16.8 billion (208.6 trillion won) in 2022 from a year ago, which is about $325 per person. The per capita figure is far more than ...
Kangwon Land to export slot machines to casinos in Philippines
Kangwon Land will export slot machines to the Sheraton Manila Bay Hotel in Manila, after signing a sales contract with RGB, the largest slot machine retailer in Southeast Asia, the company said Tuesday. The company will first manufacture 30 slot machines and send them to the casino in the Philippines through RGB, which will be installed for use by April.
Concerns grow over ready-made frozen foods
A 28-year-old barista surnamed Lee eats frozen foods at his work place from time to time, given that he doesn't have enough time to cook or rest during his lunch break. “I often eat fried rice foods that come in a frozen pack because they are ready-made and they only take two to three minutes to defrost. I kind of know they are not good for my health because they contain a hi...
POSCO Holdings opens 'Silicon Valley office to foster ventures
POSCO Holdings has begun operating a startup development facility for venture companies in Silicon Valley's San Jose the company said Wednesday. It held an opening ceremony for the CHANGeUp GROUND Silicon Valley office, Tuesday (local time), inviting 70 relevant officials from Korea Development Bank, the Korea Venture Investment Corp., Samsung, SK Group and Hanwha Group.