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Renault Korea appoints new sales, marketing executives for leap forward

By Kim Jae-heunRenault Korea Motors has reorganized its sales and marketing team and appointed new executives in an effort to achieve a rebound in the domestic market, the company said Monday.Emmanuel Al-Nawakil, sales and marketing division chief of Renault Korea MotorsThe move is aimed to bring fresh industrial expertise to the organization through a total revamp of its commercial strategy to better respond to market demands.“We recognize the challenges we have faced in recent times, and I am excited to have a new sales and marketing leadership team to lead our commercial goals,” Renault Korea CEO Stephane Deblaise said. Emmanuel Al-Nawakil, the newly appointed chief of Renault Korea's sales and marketing division, brings a wealth of international experience and sales expertise to the role, having successfully led Alpine's growth as vice president for sales and operations. With an impressive track record of driving sales momentum for Volkswagen Group and PSA, he is well-prepared to navigate the dynamic landscape of the Korean market and to steer the business as a thrivi

Sep 5, 2023By Kim Jae-heun
Renault Korea appoints new sales, marketing executives for leap forward
Companies

POSCO International expands territory for secondary battery raw materials in Africa

Black Rock Mining Chief Commercial Officer Greg Wheeler, left, poses with Faru Graphite CEO Alimiya Osman Munge, center, and POSCO International Vice President Kim Byung-hwi during a signing ceremony for the partnership on graphite supply in Dar es Salaam, Tanzania, Sept. 1. Courtesy of POSCO InternationalBy Kim Jae-heunPOSCO International signed two memorandums of understanding (MOUs) with Canadian and Australian mining companies to procure raw materials for its secondary battery business, the company said Monday. Company officials visited Madagascar and Tanzania from Aug. 28 to Sept. 2 to establish a graphite supply chain in Africa by utilizing its overseas network to serve as a platform for sourcing key raw materials. “We were able to confidently start the project of establishing the secondary battery materials supply chain there due to our 25 years of global experience in the nonferrous metal business. The company will use its capabilities as a business developer and trader to complete the secondary battery value chain of the group and contribute to national resources secur

Sep 4, 2023By Kim Jae-heun
POSCO International expands territory for secondary battery raw materials in Africa
Companies

Lotte, Shilla duty free stores buoyed by returning Chinese group tourists

Chinese tourists group visit a Shilla Duty Free Shop on Jeju Island, Friday. Courtesy of Shilla Duty Free Shop By Kim Jae-heunLotte, Shilla and other duty free stores here are doing everything they can to attract Chinese tourists ahead of the country's biggest holidays of Mid-Autumn Festival and National Day Sept. 29 to Oct. 6, according to company officials, Friday. Shilla Duty Free Shop's Jeju branch offers an instant discount promotion for Chinese shoppers using Alipay and special exchange rate benefits on WeChat, China's most used instant messaging platform. In addition, the duty free firm prepared an art exhibition and cultural spaces on the first floor of its store on Jeju Island for Chinese tourists to enjoy various tourist experiences. On the second floor, the company opened a “Finding Jeju” store that only sells local brands' items. “It has been a long time since Chinese group tourists visited Korea for shopping. We will actively strengthen our marketing ac

Sep 2, 2023By Kim Jae-heun
Lotte, Shilla duty free stores buoyed by returning Chinese group tourists
Companies

L'Oreal Korea's 'KO-creation' strategy to propel growth

President of L'Oreal North Asia Fabrice Megarbane speaks during a press conference at the company headquarters in Seoul, Friday. Courtesy of L'Oreal KoreaBy Kim Jae-heunL'Oreal Korea has revealed its plan to share the vision of diverse and sustainable beauty with Korea while promoting the country's innovative products to the world through the “KO-creation” strategy during the company's celebration 30th anniversary in Seoul, Friday. “We are extremely grateful to all our customers, partners, suppliers and our employees, for their incredible support and contribution to L'Oreal Korea's thirty-year journey. We look forward to working even more closely with the entire Korean innovation ecosystem, to create the beauty that moves Korea and the world,” President of L'Oreal Korea Samuel du Retail said.The French cosmetics firm set KO-creation as a key initiative, which will leverage Korea's unique beauty environment and a rich innovation ecosystem, to achieve next-level growth. KO-creation in three strategic areas are continuing Korea-inspired product innovation, expand

Sep 1, 2023By Kim Jae-heun
L'Oreal Korea's 'KO-creation' strategy to propel growth
Companies

IKEA Korea names Isabel Puig as new CEO

Incoming IKEA Korea CEO Isabel Puig / Courtesy of IKEA KoreaBy Kim Jae-heunHome furnishing retailer IKEA Korea appointed Isabel Puig as new chief executive officer and chief sustainability officer, a company official said Thursday. Puig will take office starting on Sept. 1."I am excited to take on this new role in Korea, one of the most dynamic markets demonstrating new possibilities of home furnishing,” said Puig. “I am committed to ensuring that inspiring IKEA home furnishing products and solutions, developed over eight decades, with our strong focus on people and the planet, will firmly take root in the homes and lives of many Koreans.”Puig joined Ingka Group in 2014, which operates IKEA retail in 31 markets, as a global co-worker relations leader, following her career as a lawyer and legal advisor in Spain and the US. She later served as an area manager and country people & culture manager at IKEA Belgium for three years, where she gained an extensive understanding of the home furnishing market and management experience. Over the past year and a half, Puig h

Sep 1, 2023By Kim Jae-heun
IKEA Korea names Isabel Puig as new CEO
Companies

Hyundai Steel succeeds in developing industrial neutron composition analyzer

Team members of 3I Solution pose with newly developed industrial neutron composition analyzer at the startup's research center in Uiwang, Gyeonggi Province, Aug. 10. Courtesy of Hyundai SteelBy Kim Jae-heunThe country's second-largest steelmaker, Hyundai Steel, has succeeded in domestically producing an industrial neutron composition analyzer in collaboration with Hyundai Motor's in-house startup 3I Solution, the company said Thursday.An industrial neutron composition analyzer is a device that analyzes the formation of raw materials using unique gamma rays generated when elements react with neutrons. Until now, high-prized foreign analyzers were mainly used in the domestic market. The development of the device is expected to significantly improve the company's production efficiency by enabling real-time analysis of raw materials such as iron ore and iron scrap and deriving optimal mixing ratios for each raw material. “The neutron composition analyzer market is dominated by five foreign companies, which take about 75 percent of the global share. 3I Solution plans to localize and

Aug 31, 2023By Kim Jae-heun
Hyundai Steel succeeds in developing industrial neutron composition analyzer
Companies

Dongwon F&B launches 100% plant-based canned 'ham'

Dongwon F&B's plant-based canned ham-style product, My Plant Original / Courtesy of Dongwon F&B By Kim Jae-heunDongwon F&B launched a vegetable canned ham-style product, My Plant Original, to become a total protein provider while moving towards the popularization of plant-based meat alternatives, the company said Wednesday.My Plant Original is the third new product of Dongwon's meat alternative brand My Plant, following its plant-based dumpling and tuna flavored products introduced in March. My Plant Original is made of 100 percent vegetable ingredients, which contain no cholesterol and has the lowest calorie count among its competitors in the domestic market. Comparing Dongwon's canned ham product to Richam, it is more than 40 percent lower in calories ― making it suitable for those who follow healthy eating trends. “We are promoting various forms of collaboration with different companies based on our competitiveness in mass production infrastructure and independen

Aug 31, 2023By Kim Jae-heun
Dongwon F&B launches 100% plant-based canned 'ham'
Companies

EcoPro maintains 10-year partnership with Sony, Murata Manufacturing

Former EcoPro Chairman Lee Dong-chae, fourth from left, poses with company executives and officials from Sony during a long-term agreement ceremony at EcoPro's headquarters in Ochang, North Chungcheong Province, March 9, 2015. Courtesy of EcoProBy Kim Jae-heunEcoPro celebrated the 10th anniversary of its partnership with Japanese battery cell companies Sony and Murata Manufacturing, the company said Wednesday. It first supplied high-nickel cathode materials to Sony in August 2013 and has maintained the supply deal even after Murata Manufacturing acquired Sony's battery cell business in 2017. “Murata has strong confidence in EcoPro battery anode materials and guarantees their quality. We will continue our relationship with Murata, a 10-year friendship, through the supply of high-quality cathode materials,” an EcoPro official said. EcoPro and Sony's cooperation started in 2012. The Japanese firm formed a task force, led by quality control personnel, and sent them to EcoPro's Ochang plant in North Chungcheong Province. The task force team stayed there for a month checking th

Aug 30, 2023By Kim Jae-heun
EcoPro maintains 10-year partnership with Sony, Murata Manufacturing
Companies

Oriental Brewery uses solar energy to produce beer

OB CEO Ben Verhaert, third from left, poses with company officials in front of solar panels installed at a company plant in Gwangju, Monday. Courtesy of OBBy Kim Jae-heunOriental Brewery (OB) has installed solar power panels at its production facilities in Gwangju to produce beer with green energy, becoming the first local brewer to do so, the company said Tuesday. The company is pushing for its renewable energy transition through the installation of solar power panels as part of its RE100 plan. RE100 is a global initiative that pledges to convert 100 percent of the electricity used by a company into renewable energy. “The completion of the photovoltaic facility at Gwangju plant is expected to serve as a springboard for OB to convert 100 percent of electricity use into renewable energy by 2025. As a leading ESG (environmental, social and corporate governance) company in the liquor industry, we will not only implement a renewable energy provision plan at a rapid pace, but also actively respond to the climate crisis by advancing our eco-friendly management,” OB CEO Ben Verh

Aug 29, 2023By Kim Jae-heun
Oriental Brewery uses solar energy to produce beer
Companies

Volkswagen says Tiguan Allspace gaining popularity as versatile family car

Volkswagen's Tiguan Allspace model / Courtesy of Volkswagen KoreaBy Kim Jae-heunGerman carmaker Volkswagen's seven-seat sport utility vehicle (SUV) Tiguan Allspace is gaining popularity as an increasing number of people enjoy outdoor family lifestyles, the company said Monday. The biggest feature of Tiguan Allspace is its space utilization comparable to that of a mid-sized SUV that has a large loading space of up to 1,775 liters. Its total length is 4.73 meters and its wheelbase is 2.79 meters, 220 millimeters and 110 millimeters longer than the regular model, respectively. Thanks to this, the SUV not only has spacious room in the second-row seat but also supports backrest angle adjustment functions that allow all the seats or part of them to fold. Also, two seats are added in the third row, allowing up to seven people to board at the same time. Tiguan Allspace can secure a trunk capacity of 1,775 liters when all seats until the second row are folded. Both the second and third seats support full-flat folding ― making it suitable for carrying large loads or enjoying leisure activities

Aug 29, 2023By Kim Jae-heun
Volkswagen says Tiguan Allspace gaining popularity as versatile family car
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