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Reporter : Lee Hyo-sik
Mon, December 4, 2023 | 15:27
'Queen of red ginseng' in Myeong-dong
Red ginseng extract, powder and other products have long been on the top of foreign visitors’ shopping lists. But for many it is not entirely an easy task to buy the right ones at the right prices. A Cheong-Kwan-Jang store, located in the heart of Myeong-dong, a popular shopping district for inbound tourists, has emerged as a must-visit place for those seeking to purchase hig...
Companies | 2017-05-25 16:34
GE in energy valley
Korea Electric Power Corp. (KEPCO) CEO Cho Hwan-eik, fourth from left, attends a tape-cutting event with GE Energy Connections CEO Russell Stokes, fifth from left, and other guests during a ceremony to mark the opening of GE’s office in the Bitgaram Energy Valley in Naju, South Jeolla Province, Thursday. GE and KEPCO have agreed to jointly create an energy industry cluster in...
2017-05-25 16:27
Hyundai E&C opens vocational school in Vietnam
Hyundai Engineering & Construction (E&C) has been sharing its knowhow and expertise with the developing world over the years to fulfill its corporate social responsibility (CSR) as a leading global builder. The company has built vocational training centers in Southeast Asia to pass on its construction skills and knowledge to young students, contributing to the development of the construction industry there. On Jan. 22, the builder opened the Hyundai-KOICA Dream Center at the College of Urban Works Construction in Hanoi, Vietnam, the second of its kind in the country.
Companies | 2017-05-24 16:46
Dr. Wolff to challenge AmorePacific, LG in hair care market
Dr. Wolff, the maker of Alpecin caffeine shampoo, has vowed to take a bigger slice of Korea’s rapidly growing functional shampoo market, fueled by an increasing number of people suffering from hair loss. Dr. Wolff Managing Director Eduard Doerrenberg said Korean men will stop using shampoo made by AmorePacific, LG Household & Health Care and other companies once they experien...
Companies | 2017-05-24 16:43
S-Oil offers donation
S-Oil CEO Othman Al-Ghamdi, right, poses with Suh Sang-mok, chairman of the Korea National Council on Social Welfare, after giving a 330 million won ($292,000) donation to the charity at an S-Oil gas station on Yeouido, Wednesday. In cooperation with its gas stations, the refiner has been offering money and implementing volunteer programs for the underprivileged in various co...
2017-05-24 16:40
GE offers infra solution for PyeongChang Olympics
With the 2018 PyeongChang Winter Olympic less than a year away, General Electric (GE) is getting ready to turn the event into one of the most successful sporting festivals in history, GE Korea said Tuesday. The company is prepared to do its part by providing the state-of-the-art digital industrial technologies concerning energy distribution, healthcare and energy monitoring. ...
Companies | 2017-05-23 16:21
Air Busan completes headquarters building
Air Busan has completed the construction of its new headquarters, becoming the first low-cost carrier (LCC) to have its own office structure. The Busan-based budget carrier, affiliated with Asiana Airlines, held a ceremony Monday, marking the completion of its headquarters comprised of nine-story and four-story buildings on a 3,394-square-meter site near Gimhae International ...
Companies | 2017-05-22 16:53
Hansae hit by sluggish US sales
Hansae Group is grappling with its deteriorating bottom line on sluggish U.S. sales as GAP, Nike and other American fashion brands reduce orders from one of Korea’s major apparel makers. Citing its sagging performance in the first three months of 2017, brokerage houses have lowered their target price for Hansae, headed by Chairman Kim Dong-nyung. Brokerages projected the firm...
Companies | 2017-05-22 16:47
LNG operators to benefit from coal plant shutdown
POSCO Energy, GS Energy and other private power firms will be the beneficiaries of President Moon Jae-in’s decision to close coal-fired power plants, as they generate electricity by burning liquefied natural gas (LNG), analysts said Thursday. Private electricity companies have been grappling with sluggish sales in recent years, as the Korea Electric Power Corp. (KEPCO) buys less electricity from them amid stable demand for power. The state-run utility firm has bought much electricity from nuclear or coal-fired power plants because burning LNG is more expensive to produce electricity. But Pre...
Companies | 2017-05-18 16:49
Samsung Heavy plagued by safety lapses
Samsung Heavy Industries has been grappling with a series of safety lapses in recent weeks, dealing a blow to its desperate campaign to win new orders to prop up its faltering bottom line. The incidents are feared to have tarnished the image of Korea’s third-largest shipbuilder and made it more difficult for the firm to secure new contracts abroad, according to industry analy...
Companies | 2017-05-18 16:41
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