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Reporter : Kim Jae-heun
Sun, July 3, 2022 | 18:14
Nongshim, Ottogi hit hard by soaring palm oil prices
Nongshim and Ottogi, the country's top two instant noodle makers, have been hit hard by surging international prices of palm oil and wheat. However, the two firms are cautious about increasing the prices of their processed foods because they already did that last year causing consumers to bristle, a company official said.
Nongshim seeks to become world's No.1 instant noodle maker
Nongshim is aiming to surpass its larger Japanese rival Toyo Suisan in the North American market and become the world's largest instant noodle maker, company Chairman Shin Dong-won said Monday.
GS to push for SMR plant development with Doosan, Samsung, NuScale Power
GS Energy is joining hands with Doosan Enerbility, Samsung C&T and NuScale Power to develop small modular reactors (SMRs), a nuclear energy technology which some consider a more realistic means of achieving carbon neutrality. NuScale Power is one of the world's leading SMR technology companies.
BBQ franchisees protest decision to hike prices of supplies
Genesis BBQ franchisees are protesting the company's decision to raise the prices of ingredients and other supplies, arguing that the fried chicken firm is trying to maximize profits at the expense of franchisees and consumers, they said Friday.
Hanwha chairman meets with Heritage founder Feulner
Hanwha Group Chairman Kim Seung-youn met with Edwin John Feulner Jr., the founder of the Heritage Foundation, late Wednesday, to discuss a range of issues concerning Korea and U.S. ties, the company said Thursday. The Heritage Foundation is a conservative U.S. policy think tank that was established in 1973.
Hyundai Motor salesman attains coveted title by selling 2,500 vehicles
Kang Byong-chol, a general manager of sales at Hyundai Motor's Seobu Truck Branch, has been chosen as a “sales master” after selling over 2,500 commercial vehicles, the company said on Thursday. The title of sales master is the highest honor given to outstanding salespeople who have sold over 2,500 vehicles. Only three others have been chosen as sales masters at the automaker...
E-Land affected by China's COVID-19 lockdown
Concerns are growing over E-Land's business in China as more stores run by the fashion company are being forced to shut down by Chinese authorities amid the rapid spread of COVID-19 infections there, according to industry officials, Wednesday.
Starbucks commemorates independence fighter Yun Bong-gil
Starbucks Korea has donated 20 million won ($15,834) and 1,932 tumblers to The Patriot Maeheon Yun Bong-Gil Memorial Association and Woljin Association for Yun Bong-Gil to commemorate the 90th anniversary of Yun Bong-gil's struggle for independence from Japanese colonialism, which culminated in him throwing a bomb that killed and injured several Japanese officials in Shanghai...
BTS proves effective in product marketing
K-pop idol group BTS is proving to be an effective marketing tool across industries, as a series of companies that hired the boy group as brand ambassadors saw their sales increase sharply, according to company officials Tuesday.
Food firms on alert over Indonesia's palm oil export ban
Local food companies are paying close attention to a move by Indonesia to stop exports of its palm oil as this could further raise prices of instant noodles, snacks and other processed food products here, according to company officials Monday. The companies have already increased prices in recent months, reflecting soaring raw materials costs as a result of global supply chai...
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