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Wed, July 26, 2017 | 05:42

Biz & Tech > Light industries >

CJ Group driving overseas expansion

CJ Group has been accelerating its overseas ventures in food, logistics, biopharmaceuticals and cultural content to make up for sluggish sales at home amid intensifying competition and stalled population growth. The return of Chairman Lee Jae-hyun, after a four-year absence, will further prompt CJ to expand its overseas presence to achieve its goal of generating 100 trillion ...

Light industries | 2017-07-25 17:56

Home plus introduces Taiwanese hot dessert

The nation’s leading discount retailer Home plus has brought Taiwan’s famous pineapple pastry cakes to local consumers. According to the company, Monday, it started selling the Taiwanese snack, called Feng Li Su, July 13 at its 92 stores across the nation. Feng Li Su is a small, bite-sized pastry with a pineapple jam stuffing that is one of the top selling desserts there. Eme...

Light industries | 2017-07-24 16:40

TMON offers 'multi-destination' tickets

Normally, travelers prefer to purchase tickets for direct flights because the trip is quicker and more convenient. So, the seats are more expensive than ones with obligatory stopovers en route to the final destination. But these days some people intentionally want to make stopovers to tour more countries. However, it is not easy to find plane tickets that allow stopovers at d...

Light industries | 2017-07-24 16:25

Maeil Dairies creates friendly workplace for moms-to-be

Maeil Dairies will actively take part in the nationwide campaign to raise the birthrate by making its workplace better for pregnant employees. One of Korea’s leading dairy product makers has become the first company to sign an agreement with the Korea Population and Health Welfare Association (KoPHWA), which has been promoting the creation of a friendly corporate atmosphere f...

Light industries | 2017-07-23 15:59

Price of IQOS HEETS may go up

The price of Phillip Morris’s IQOS HEETS may rise here, following the government’s decision to impose a higher tax on heat-not-burn (HNB) cigarettes. This move will also weigh on British American Tobacco (BAT), given the firm also plans to launch its HNB glo cigarettes Aug. 10. According to industry officials, Friday, the government and the National Assembly have agreed to ra...

Light industries | 2017-07-21 16:20

Shinsegae uncertain about Starfield Cheongna

Shinsegae Group has recently decided to reconsider its plan to build a Starfield shopping complex in Cheongna International City in Incheon, industry officials said Wednesday. The move seems to cast further gloom over the future of the free economic zone, which has suffered from declining foreign investment for years. Last month, the retail giant requested the Incheon Metropo...

Light industries | 2017-07-21 09:58

Coupang's express delivery ruled legitimate

Coupang won the lawsuit against logistics firms regarding its express delivery service, according to the court, Thursday. The Seoul Central District Court ruled this week that Coupang’s express delivery service, dubbed “Rocket Delivery,” does not violate any laws because it is only a part of the business selling products.

Light industries | 2017-07-20 16:56

Orion vice chairwoman indicted for embezzlement

Orion Group Vice Chairwoman Lee Hwa-kyung has been indicted for embezzling 400 million won ($356,000) through appropriating artwork, prosecutors and the conglomerate said Wednesday. Chairman Dam Chul-gon, Lee’s husband, had earlier been acquitted after also being charged with embezzlement in addition to tax evasion. Dam married Lee, the daughter of the late Tongyang Group fou...

Light industries | 2017-07-19 17:11

Prosecutors track slush funds of KAI chief

The prosecution is widening its investigation into Korea Aerospace Industries (KAI) President and CEO Ha Sung-yong over his alleged slush fund and the firm’s attempt to destroy evidence. Concerns have sprung up over its alleged unfair business practices with subcontractors. “We have obtained information that the KAI bought an eraser program to delete evidence left on PCs and ...

Light industries | 2017-07-19 16:40

Shinsegae to open giant shopping complex in Goyang

Shinsegae Group, a retail giant in South Korea, said Tuesday it will open its third shopping mall in the northern outskirts of Seoul next month, offering a variety of options for shopping, leisure and culinary experiences. Starfield Goyang, a two-story building with four underground floors covering an area spanning 365,000 square meters in the city of the same name, will open...

Light industries | 2017-07-18 10:15

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