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Reporter : Kim Jae-heun
Thu, March 23, 2023 | 09:42
Samsung, KAIST to nurture robotics experts
Samsung Electronics and the Korea Advanced Institute of Science and Technology (KAIST) signed an agreement to establish the Samsung Electronics Robotics Talent Training Program at the school's main campus in Daejeon on Monday. The program aims to foster professionals to lead research and development in the local robotics industry.
Chanel loses appeal among Korean consumers due to steep price hikes
A 32-year-old housewife surnamed Park was surprised that there wasn't a long line to enter Chanel's boutique when she visited a department store in Seoul last week. It was not a scene she was used to, with people normally waiting for up to six or seven hours just to enter the store.
Consumers complain about series of price hikes by hamburger franchises
A 34 year-old office worker surnamed Jang says that hamburgers are his favorite food and expressed his frustration over how often fast food franchises have raised the prices of their menu items recently.
Oasis to become first e-commerce firm listed on Kosdaq
Oasis Market will become the first e-commerce firm to be listed on the Korean stock exchange on Feb. 23 - going ahead of all the other top players in the market that have postponed their initial public offerings (IPOs) due to the sluggish economy.
Philip Morris seeks to surpass KT&G in e-cigarette market
Philip Morris Korea introduced its latest heat-not-burn (hnb) product IQOS ILUMA ONE, Wednesday, as part of its efforts to surpass KT&G and reclaim its No. 1 spot in the growing e-cigarette market. IQOS ILUMA ONE is the latest smoke-free device unveiled by Philip Morris in three months after the introduction of IQOS ILUMA and IQOS ILUMA PRIME models last October.
SM6 Feel attracts customers with popular options, low price
Renault Korea Motors' SM6 series Feel sedan is gaining popularity in the domestic market as a stylish yet cost-effective option. Prior to the model's launch, the carmaker surveyed which options consumers really want and need when buying a car. The SM6 Feel adopts the trim of its previous model, the SM6 SE, as well as the SM6 LE.
KT&G to generate $25 billion in sales over next 15 years via partnership with Philip Morris
KT&G, Korea's largest cigarette and red ginseng maker, is expected to generate 31.5 trillion won ($25 billion) in sales abroad through 2037 via a recently renewed business partnership with Philip Morris International (PMI), according to the company and Hanwha Investment & Securities, Tuesday.
Coupang reveals Asia's largest fulfillment center in Daegu
Coupang unveiled its brand new, cutting-edge fulfillment center in Daegu to the public last Friday, showcasing what the future of logistics looks like. The e-commerce firm's latest logistics facility is the largest of its kind in Asia, featuring cutting-edge automation technology based on artificial intelligence (AI).
LG CNS opens integrated IT service center
LG CNS has opened an integrated IT service center that can provide remote system management services for customers, the company said Monday. The service center, which is located at NH Seoul Tower in southwestern Seoul's Gangseo District, will have about 1,800 system management and system integration experts working together at the same venue.
BBQ founder indicted for funneling company money to family-owned entity
Genesis BBQ Chairman Yoon Hong-geun has been indicted on charges of breach of trust as he allegedly funneled company money to an entity wholly owned by him and his family members, according to prosecutors Thursday. The Suwon District Prosecutors' Office said it indicted Yoon for violating the Special Economic Crimes Weighted Punishment Act on Jan. 16.
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