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Reporter : Lee Hyo-sik
Sun, February 25, 2024 | 18:39
[INTERVIEW] Korea diversifies agricultural export markets
Korea has been diversifying export markets for its agricultural goods this year to offset falling shipments to China, which has been escalating its economic retaliation against Seoul’s deployment of a U.S. missile defense system, the nation’s top agricultural policymaker said. Asia’s fourth-largest economy has been shipping more locally-grown agricultural products and process...
Poolus attracts investment from Naver, SK
Korea’s first ride-sharing app Poolus has attracted 22 billion won ($20 million) in investments from Naver, Mirae Asset, SK and other investors as it expands its services across the country. The startup, founded in May 2016, said the latest investments will help finance its expanding operations and further solidify its leadership in the newly-emerging market. The investors in...
Uniqlo offers pickup service at 7-Eleven
People buying Uniqlo clothing and other merchandise online can now pick up their purchases up at more than 7,000 7-Eleven convenience stores across the country, the Korean unit of the global SPA brand said Wednesday. Customers can also return clothing through the stores. Uniqlo Korea recently launched the “Smart Pick Service,” allowing its shoppers to pick up and return onlin...
Korean Air fosters spirit of sharing
Korean Air has been fostering the spirit of sharing at home and abroad to fulfill its responsibility as a trusted corporate citizen, under the leadership of Chairman Cho Yang-ho. Thousands of company employees take part in various corporate social responsibility (CSR) activities each year to support marginalized groups and protect the environment. The country’s largest flagsh...
Free medical checkup
A doctor examines an elderly patient at a makeshift medical facility in Papua, Indonesia, Friday. In cooperation with Korea University Hospital and local NGO Byso Nanum Maul, POSCO Daewoo, steelmaker POSCO’s trading and resources development arm, organized the volunteer program from Oct. 21 to 27. The program is for people suffering from a range of illnesses in the Southeast ...
Philip Morris, BAT to hike prices of heat-not-burn e-cigarettes
Multinational tobacco companies selling heat-not-burn (HNB) e-cigarettes are set to raise prices as the National Assembly moves closer to hiking taxes on this new type of cigarette. When materialized, this would adversely affect millions of smokers who have switched from standard cigarettes over the past few months to those that its makers say produces 90 percent less harmful...
Hyundai Motor invests $5 mil. in US mobility center
Hyundai Motor has invested $5 million in the creation of a research complex to be built by the American Center for Mobility (ACM) in the United States to secure more advanced connected and automated car technologies, the company said Wednesday. This is the latest move by Korea’s largest automaker to enhance its knowhow and expertise in vehicle automation and connectivity, and...
Daewoo E&C turning underground walkway into culture zone
Daewoo Engineering & Construction (E&C) has transformed an underground pedestrian walkway, connecting Delight Square, a shopping mall, with Hapjeong Station on lines 2 and 6, into a cultural space made up of a bookstore, an art exhibit hall and a rest area. On behalf of Delight Square, Kyobo Book Centre and the Mapo Prugio Apartment Complex, the builder has completed the reno...
Diageo strengthens premium spirit lineup
Diageo Korea has introduced W Signature 12, the fourth iteration of its popular spirit category, to attract more Korean consumers who increasingly prefer low-alcohol drinks amid the increasing wellbeing trend. The product has an alcohol content of 35 percent, compared with 40 percent for conventional Scotch. Despite the lower alcohol content, W Signature 12 and its predecesso...
KITA chairman steps down
Korea International Trade Association (KITA) Chairman Kim In-hoo has tendered his resignation, four months before his three-year term expires. The export promotion body said Tuesday Kim attended the board of directors meeting earlier in the day and submitted a letter of resignation. “Even though I still have several more months to go before my term in office expires next Febr...
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