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Reporter : Lee Hyo-sik
Fri, December 8, 2023 | 04:40
'Double Star cannot use Kumho brand'
Double Star Tires, the preferred bidder for Kumho Tire, won’t be able to use the Kumho trademark after acquiring Korea’s second-largest tire maker, the head of the embattled Kumho Asiana Group said Friday. Kumho Chairman Park Sam-koo told reporters that Kumho Industrial will not allow the mid-tier Chinese tire maker to continue using the Kumho brand, a move to derail the ongo...
Companies | 2017-04-28 15:52
Korean Air practices spirit of sharing
Korean Air has been practicing the spirit of sharing at home and abroad under the leadership of its Chairman Cho Yang-ho. More than 25 volunteer groups, comprised of 4,000 company employees, have been taking part in various corporate social responsibility (CSR) activities to support marginalized groups and protect the environment. In particular, the nation’s largest flagship ...
Companies | 2017-04-27 16:48
Olive Young magnet for foreign shoppers
Olive Young has become a must-visit place for foreign visitors looking to buy a wide range of the latest health and beauty products at affordable prices, according to Korea’s largest lifestyle store chain Thursday. In particular, its flagship shop in Myeong-dong, a major shopping district for foreign tourists, attracts more than 10,000 Korean and non-Korean shoppers daily, em...
Companies | 2017-04-27 16:36
Korea promotes agricultural heritage
Korea has designated some of its unique farming terrains and practices across the country as a national heritage to preserve their agricultural culture and tradition that have evolved over thousands of years. It has also stepped up efforts to promote its agricultural heritage abroad and have them on the list of Globally Important Agricultural Heritage Systems (GIAHS), compile...
Economy | 2017-04-26 18:16
Dongwon opens new home meal plant in Seoul
Dongwon has opened a new home meal replacement (HMR) plant in Seoul to capitalize on growing demand for ready-to-eat meals as Koreans are cooking at home less amid the increasingly hectic modern lifestyle. The soaring number of single-member households has also expanded the country’s HMR market, prompting Dongwon and other food service firms to bolster production facilities. ...
Companies | 2017-04-26 18:06
BBQ to raise chicken prices by 10%
BBQ Genesis has decided to give another shot at hiking its fried chicken prices by about 10 percent, a month after it failed to do so under heavy pressure from the government and consumer groups. This time, the country’s largest fried chicken franchise will likely put the price hike plan into action as the agriculture ministry does not appear to oppose its attempt to charge m...
Companies | 2017-04-25 19:03
SPC's natural yeast bread on brisk sale
SPC Group has sold more than 120 million bread products, made with local natural yeast derived from “nuruk,” a fermentation starter made from wheat or rice, over the past year, company officials said Tuesday. Korea’s largest bakery franchise, Paris Baguette, and its affiliate SPC Samlip, have introduced 167 types of natural yeast bread since last April, generating 270 billion...
Companies | 2017-04-25 18:53
Opposing Double Star
Heads of Kumho Tire sales agencies hold a rally at a Kumho plant in Gwangju, Tuesday, protesting the Korea Development Bank’s decision to sell the company to Double Star Tires, a mid-tier Chinese tire firm. Sales agents said their business will be threatened if Double Star acquires Korea’s second-largest tire maker, insisting consumers here and abroad will shun Kumho Tire bec...
Companies | 2017-04-25 18:44
Global partnership: winning strategy in Fourth Industrial Revolution
Last February, the Korean government officially launched a joint public-private committee to outline the policies and visions for the administrative and corporate sectors in preparation for the new industrial age. The new committee aims to redesign the country’s economic and social systems for the Fourth Industrial Revolution, which includes improving R&D policies and the edu...
Companies | 2017-04-23 17:57
Korea promotes culinary tourism
Korea has stepped up efforts to foster culinary tourism as a tool to attract more foreign visitors by capitalizing on the increasing popularity of the nation’s food among people from around the world. The Ministry of Agriculture, Food and Rural Affairs has been organizing food tour programs for Koreans and non-Koreans to visit municipalities, and cook and taste their iconic d...
Economy | 2017-04-23 17:26
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