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Reporter : Lee Hyo-sik
Tue, February 27, 2024 | 09:45
Politicians cry out against Kumho Tire sale to China
Presidential hopeful Moon Jae-in and other politicians are pressuring the Korea Development Bank (KDB) and other creditors not to sell Kumho Tire to a Chinese company. They are capitalizing on growing public concerns about possible job losses if Double Star Tires takes control of Korea’s second-largest tiremaker, which employs more than 3,800 workers here. With Kumho Tire ope...
Mission of people leaders: empowering & inspiring
In today’s challenging and volatile world, when some very basic assumptions about the global economy are being tested, leadership and trust in an organization are valued more than ever. Business leaders are requested to take their relationship with their team to the next level. At the World Economic Forum annual meeting 2017 held in Davos, more than 3,000 global leaders from ...
Starbucks Korea sales exceed 1 trillion won
Starbucks Coffee Korea’s sales exceeded 1 trillion won ($870 million) for the first time last year, 17 years after opening its first shop near Ewha Womans University in Seoul in July 1999, the company said Thursday. Strong brand competiveness, effective marketing and optimal localization are behind the success of the Korean unit of the Seattle-based coffee chain, according to...
'I was happy intern at Starbucks'
“I was happier than any time in my life when I was interning at Starbucks.” This is what Daniel Maeng, a junior at Chongshin University, said when he was asked to sum up his one-month work experience at the country’s largest coffee chain. The 22-year-old social welfare major, who suffers from peripheral nerve disorder, interned for the public relations and community service t...
JTI Korea rolls out Mevius H20
Japan Tobacco International (JTI) Korea has rolled out Mevius H20, the latest product that further enhances the smooth taste of Mevius cigarettes, the company said Thursday. Mevius H20 is the first cigarette introduced in Korea that has a water filter, according to the company. It also said the innovative, premium product offers smokers a differentiated experience compared to...
S-Oil reshuffles senior management
S-Oil has reshuffled its senior management to more effectively cope with rapidly changing market conditions and find new growth engines, the refiner said Wednesday. The company, headed by CEO Othman al-Ghamdi, said President Park Bong-soo, who oversaw its refinery business, will manage overall corporate operations. President Ryu Yeol, who was in charge of the firm’s chemical business, will head the corporate strategy and services division, while Executive Vice President Ahn Jong-beom will manage international marketing.
Day for businesspeople
Korea Chamber of Commerce and Industry (KCCI) chairman Park Yong-maan, fifth from left, poses with Trade Minister Joo Hyung-hwan, fourth from left, and business leaders during the 44th Commerce & Industry Day ceremony at the KCCI headquarters in downtown Seoul, Wednesday. / Courtesy of KCCI
BBQ forced to retract price hike
BBQ Genesis has been forced to retract its decision to hike its fried chicken prices by 10 percent, under mounting pressure from the government and consumer groups. Since Korea’s largest fried chicken franchise announced a plan last week to raise prices of its fried chicken menus by up to 10 percent beginning March 20, it has been facing growing pressure from the Ministry of ...
Unveiling new tires
Kumho Tire CEO Lee Han-seob, right, unveils the Cruzen HP71 tire during an annual gathering of the company’s sales dealers at Hotel ICC in Daejeon, Wednesday. The Cruzen HP71 is designed to help boost the performance of SUVs. Kumho also introduced the Ecsta HS71, an eco-friendly tire that enables vehicles to boost dynamic driving and driver comfort. / Courtesy of Kumho Tire
POSCO Daewoo to explore gas fields in Bangladesh
POSCO Daewoo has secured a deal to explore potential gas fields off the coast of Bangladesh, the company said Wednesday. Company CEO Kim Sang-young signed a production-sharing contract with Petrobangla Chairman Abul Mansur Faizullah at the headquarters of Bangladesh’s state-run oil firm in Dhaka, Tuesday. Under the agreement, the trading and natural resources development unit...