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Tue, January 22, 2019 | 10:53

Biz & Tech > Light industries >

JTI Korea names new general manager

Japan Tobacco International (JTI) Korea named Jose Luis Amador as its new general manager, the firm said Monday.

Light industries | 2019-01-21 17:06

Firms on alert over NPT shareholder activism

The move by the National Pension Service (NPS) to more actively exercise its shareholder rights has raised concerns at many listed companies, which fear the state-run pension fund could interfere with their management, corporate officials said Monday.

Light industries | 2019-01-21 17:06

Ginseng exports may exceed $200 mil. in 2019

Korea's ginseng exports are expected to reach $200 million in 2019, thanks to growing demand, the agriculture ministry said Sunday.

Light industries | 2019-01-20 16:58

Traditional Korean pancake franchise enters Taiwan

Hotteok is one of the oldest traditional Korean delicacies, and is especially popular in winter. Similar in taste to pancakes with maple syrup, it is often found at street food stalls in Seoul during the season.

Light industries | 2019-01-18 17:05

NPS sets eye on Namyang, Hyundai Green Food

As the National Pension Service (NPS) considers exercising its voting rights against Hanjin Group management, the market attention is on which company could be the state pension operator's next target.

Light industries | 2019-01-18 17:01

Heineken Korea under probe for rigging import prices

Heineken Korea is under investigation by the Korea Customs Service (KCS) for allegedly rigging beer import prices. Apart from Heineken Korea, the KCS said it is also probing other foreign beer brands in Korea, signaling the case could lead to a full range of investigations of imported beer companies.

Light industries | 2019-01-18 16:53

Korea's exports of kimchi up 20% in 2018

South Korea's exports of kimchi shot up 20 percent in 2018 from a year earlier, hitting an all-time-high of US$97.5 million, the country's agricultural ministry said Wednesday. The Ministry of Agriculture, Food and Rural Affairs said the growth was the strongest upswing since it started compiling such data in 2006. The total amount shipped was the highest since 2012.

Light industries | 2019-01-16 11:09

Business tycoons to flock to Davos

A slew of business heavyweights will head to Davos, Switzerland, to make appearances at this year's World Economic Forum, according to industry officials, Monday. They are expected to share their thoughts on the rapidly changing global business environment with leading scholars and tycoons.

Light industries | 2019-01-14 16:59

Does 'lucky bag' bring luck to customers, or to Starbucks?

Kim Ha-na, a 22-year-old university student in Seoul, got up early in the morning Thursday even though she is on winter vacation. Then, she rushed to a Starbucks store to grab a “lucky bag” the coffee chain began to offer that day.

Light industries | 2019-01-13 18:09

[INTERVIEW] 'Foreign companies feel unwelcome in Korea'

In his third year in office, President Moon Jae-in has seen a significant drop in his approval rating due to the economic downturn, which seems to be a consequence of putting much of his energy and focus on addressing the North Korea issue. While local companies complain about the government’s “distribution-centric” policymaking, foreign companies also say they feel marginali...

Light industries | 2019-01-13 17:39

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