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Reporter : Lee Hyo-sik
Sun, December 3, 2023 | 06:08
Tycoons rushing to join President Moon's US visit
SK Group Chairman Chey Tae-won, POSCO Chairman Kwon Oh-joon and 100 other heads of large companies are expected to accompany President Moon Jae-in when he visits the United States from June 28 to July 1. Moon’s upcoming trip has been attracting keen attention from business leaders here as it is the first summit between leaders of the two allies. U.S. President Donald Trump ha...
Economy | 2017-06-14 16:26
Chicken farms to boycott fried chicken chains
Chicken farmers are threatening to boycott fried chicken franchises, blaming BBQ, Kyochon and other chains for dampening poultry consumption by raising the prices of one of Korea’s favorite foods. The Korea Poultry Association (KPA), which represents the interests of chicken farmers, said Tuesday that its members will begin a nationwide boycott against fried chicken chains unless they stop charging consumers more. “The prices of raw chicken have plummeted since the avian influenza outbreak began early last week in the southwestern part of the country,” KPA Chairman Lee Hong-jae said. “More c...
Companies | 2017-06-13 19:52
Hyundai Heavy shifting to holding company structure
Hyundai Heavy Industries (HHI) Group is stepping up efforts to adopt a holding company structure to streamline its business portfolio and bolster its corporate value. The group said Tuesday that Hyundai Robotics, the de facto holding company, will issue new shares, worth 1.77 trillion won ($1.57 billion), to buy stakes of its three affiliates - HHI, Hyundai Electric and Hyundai Construction Equipment - to become a holding company. Currently, Hyundai Robotics has a 13.37 percent stake in each of the three firms but to become a mother company, it must hold more than 20 percent under the countr...
Companies | 2017-06-13 19:47
Eastar Jet appoints first female chief mechanic
Eastar Jet has appointed a 29-year-old female mechanic to a position supervising its maintenance operations, becoming the first domestic low-cost carrier (LCC) to do so, the company said Monday. Hong Jin, who also made headlines in 2015 when she began her career at the budget carrier as a maintenance worker, has become a certifying mechanic who verifies maintenance work on ai...
Companies | 2017-06-12 18:12
Helping small exporters
POSCO Daewoo CEO Kim Young-sang, fourth from left, and other guests attend a tape-cutting ceremony to mark the opening of a trade exhibition center in Yiwu City, Zhejiang Province, China, Thursday. In cooperation with the Busan and Incheon municipal administrations, the trading arm of steelmaker POSCO opened the center, displaying cosmetics, kitchenware and other consumer goo...
Companies | 2017-06-09 15:59
Strengthening partnership with Europe
I would like to convey my sincere congratulations on your election to the presidency of the Republic of Korea. As the representative of the European business community in Korea, I am confident that under your leadership and following your campaign pledges, the Korean economy can enter into a new era of development and prosperity. Right now, Korea’s economy is facing a challen...
Economy | 2017-06-08 09:51
SK recruits talent in US
SK Group has been holding roadshows in the United States to recruit Koreans studying or working there in the fields of information communication technology, semiconductors, energy and chemicals. Korea’s third-largest business group said Tuesday that it held its first 2017 SK Global Forum in Jersey City, New Jersey, June 3, attracting more than 100 students, researchers and wo...
Companies | 2017-06-06 16:11
BAT to launch smoke-free cigarette in Korea
British American Tobacco (BAT) plans to launch its smokeless cigarette, glo, in Korea in the second half of 2017 to catch up with its rival Philip Morris, which began selling its IQOS here Monday. With the IQOS attracting keen attention from local smokers, BAT Korea has been rushing to take necessary steps to make glo available as soon as possible. IQOS and glo, both comprisi...
Companies | 2017-06-06 16:04
Introducing German vocational education
Heartfelt congratulations to President Moon Jae-in from the Korean-German Chamber of Commerce and Industry (KGCCI). Just a few weeks into his presidency, President Moon has already brought back pride and happiness to the Korean people which they deserve so well after going through this difficult transition period. Now it is time again for a strong Korean government which will...
Economy | 2017-06-02 18:15
CJ CheilJedang enters Russian dumpling market
CJ CheilJedang has acquired a dumpling maker in Russia to capitalize on that nation’s growing frozen food market. Korea’s largest food maker said Thursday it completed the acquisition of Ravioli, a maker of pelmeni, Russian dumplings consisting of a filling wrapped in thin, unleavened dough, for 30 billion won ($26.7 million). The company, which was renamed CJ Raviollo Rus, is the third-largest pelmeni producer in St. Petersburg, posting 45 billion won in sales last year.
Companies | 2017-06-01 19:30
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