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Fri, May 25, 2018 | 09:55

Biz & Tech > Light industries >

KCCI acts as control tower for inter-Korean biz

The Korea Chamber of Commerce and Industry (KCCI) has emerged as the control tower for private sector business cooperation between South and North Korea, given its increased role in the Moon Jae-in administration. According to industry officials on Wednesday, a growing number of businesses here are expecting the KCCI to serve a controlling role for cooperation between private...

Light industries | 2018-05-02 16:43

On-campus franchises cost students more

University students these days are being forced to pay more for food and beverages on campus as schools rush to attract franchised stores to earn higher rent, while removing many small mom-and-pop stores. Smoothie King and other franchises have opened hundreds of stores at Ewha Womans University and other campuses in Seoul and elsewhere, charging more for fruit juice and othe...

Light industries | 2018-05-02 16:08

CJ vice chairwoman joins global women leaders' group at World Bank

CJ Group Vice Chairwoman Lee Mie-kyung has been selected as one of the 16 leaders of the Women Entrepreneurs Finance Initiative (We-Fi) housed at the World Bank, the group said Wednesday.

Light industries | 2018-05-02 15:58

Celltrion's Remsima logs $55 million sales in US

Sales of biosimilar Remsima by South Korean bio-pharmaceutical firm Celltrion Inc. topped US$55 million in the United States during the first quarter of this year, industry data here showed Wednesday. Sources familiar with the matter said sales of the drug jumped by 224 percent from a year earlier in the January-March period.

Light industries | 2018-05-02 14:55

The future is now

Samsung BioLogics' share price tumbles; stock loses $6 billion

Shares in Samsung BioLogics, the conglomerate's leading growth engine-to-be, fell over 18 percent on Wednesday - losing almost $6 billion in value - the day after the Financial Supervisory Service provisionally decided it had breached accounting rules. Celltrion and other "bio" and drug makers also saw their share prices drop.

Light industries | 2018-05-02 14:45

Retailers enjoy brisk sales of cold noodles after the summit

Discount stores and other retailers are enjoying brisk sales of cold noodles, called naengmyeon in South Korea, after leaders of the two Koreas dined on the dish last Friday. The remarks by North Korean leader Kim Jong-un that he brought “authentic” cold noodles from Pyongyang for President Moon Jae-in and his staff created a craze among people here for the noodle, which they...

Light industries | 2018-05-01 16:49

Offline retailers forced to close shops

Lotte Department Store is planning to sell its Anyang branch, a first for the country's top department store chain to completely sell a shop. As shoppers shift from offline to online, it is considering similar plans for other underperforming branches, leading to speculation Korea may also soon witness the closedowns of brick-and-mortar shops as seen in other developed countries.

Light industries | 2018-04-30 17:39

Hanssem trapped in downward spiral

Hanssem, Korea's largest furniture brand, has been hit by a series of unfavorable events both domestic and abroad, significantly losing its market clout over the past year.

Light industries | 2018-04-30 16:30

Home plus introduces Roncadin Pizza at online mall

Amid explosive growth of the frozen pizza market, the country's leading retail outlet operator Home plus has joined the battle with pizza sourced from Italy.

Light industries | 2018-04-26 16:23

KOGAS to use distribution stations as hydrogen car charging infrastructure

PYEONGTAEK, Gyeonggi Province _ Korea Gas Corp. (KOGAS) said Wednesday the state-run liquefied natural gas (LNG) provider will use its gas distributing stations across the country as charging stations for hydrogen cars.

Light industries | 2018-04-26 16:03

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Hawaii's Kilauea volcano goes 'ballistic'