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Reporter : Lee Hyo-sik
Sat, September 23, 2023 | 14:16
Hanwha wins mining service deal in Indonesia
Hanwha Corp. has signed a contract to supply industrial gunpowder and other mine blasting materials to an Indonesian mining firm that is developing a coal mine capable of producing 10 million tons annually. The country’s largest defense firm said Monday it signed a supply contract with SIMS, an Indonesian firm that mines coal at Gunung Bayan Pratama Coal in the Eastern Kalima...
Companies | 2017-07-31 19:26
Foodpolis holds workshop for local food firms
The Korea National Food Cluster, or Foodpolis, has been organizing workshops and other events for local food companies as it begins to take shape. The government is investing 452 billion won ($403 million) to build the food industry complex on a 2.32 million-square-meter site in Iksan, North Jeolla Province, for both Korean and non-Korean companies aiming to export value-adde...
Economy | 2017-07-30 14:57
Business leaders who 'dare ignore' President's invitation
The Korea Employers’ Federation (KEF) has been struggling to contain growing complaints from member companies, which are unhappy about the 16.4 percent minimum wage hike planned for next year. Textile and other labor-intensive manufacturers have been complaining that the KEF, which advocates the interests of business owners, failed to do its job by letting the hourly minimum ...
Economy | 2017-07-28 18:38
Ananti Cove sets new leisure trend
BUSAN - Ananti Cove, a premium oceanfront resort complex near Busan, became an instant sensation upon its July 1 opening. Many holiday goers from across the country have been flocking to this luxury resort and hotel compound to see what it can offer and how different it is from conventional lodging facilities. The feedback has been overwhelmingly positive, according to Tak Ji...
Travel & Food | 2017-07-27 17:36
Booyoung left out of Cheong Wa Dae meeting
Booyoung Group is attracting keen attention from business circles over why it is being left out of President Moon Jae-in’s meeting with the heads of the country’s large business groups. Industry analysts say the builder, Korea’s 15th largest conglomerate by assets, has been sidelined by the liberal President because of its ongoing trouble with the antitrust agency and local a...
Companies | 2017-07-27 17:21
RDA trains students abroad
The Rural Development Administration (RDA), the state-run agricultural research institute, has been dispatching university students to its overseas branches, helping them find jobs in the field of agricultural science. The institute has set up Korea Project on International Agriculture (KOPIA) centers in 20 developing countries in its campaign to share its knowhow with the de...
Economy | 2017-07-27 17:06
BBQ bows to antitrust agency
Genesis BBQ has pledged to make public its profit margins and treat its franchisees better, bowing to mounting pressure from the nation’s antitrust agency. Korea’s largest fried chicken franchise said Thursday that it will slash the number of items its franchised stores are required to buy from headquarters and set up an ad-hoc committee to reflect the voices of franchisees i...
Companies | 2017-07-27 16:54
RDA boosts agricultural cooperation with Africa
The Rural Development Administration (RDA), the state-run agricultural research institute, has been sharing its state-of-the-art agricultural knowledge with developing nations in Africa to help them boost production, control pests and diversify farm products. Early this month, the institute held a meeting in Senegal, inviting agricultural officials from dozens of African coun...
Economy | 2017-07-26 17:05
CJ Group driving overseas expansion
CJ Group has been accelerating its overseas ventures in food, logistics, biopharmaceuticals and cultural content to make up for sluggish sales at home amid intensifying competition and stalled population growth. The return of Chairman Lee Jae-hyun, after a four-year absence, will further prompt CJ to expand its overseas presence to achieve its goal of generating 100 trillion ...
Companies | 2017-07-25 17:56
TMON offers 'multi-destination' tickets
Normally, travelers prefer to purchase tickets for direct flights because the trip is quicker and more convenient. So, the seats are more expensive than ones with obligatory stopovers en route to the final destination. But these days some people intentionally want to make stopovers to tour more countries. However, it is not easy to find plane tickets that allow stopovers at d...
Companies | 2017-07-24 16:25
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More than 2,800 killed by earthquake in Morocco
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