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Mon, October 15, 2018 | 21:37

Biz & Tech > Light industries >

Earnings fall, stock price down: AmorePacific faces multiple challenges

AmorePacific is showing no signs of recovery after being hit hard by last year's diplomatic friction between Korea and China, with earnings, share price and adaptability to trends all faltering, according to analysts, Sunday.

Light industries | 2018-10-14 17:33

'Buying Pocari Sweat helps support Yasukuni'

A controversy has been brewing over Dong-A Otsuka, the maker of sports drink Pocari Sweat and nutrition beverage Oronamin C, since its majority stakeholder in Japan gave political funding to lawmakers visiting the Yasukuni Shrine that houses the remains of Japanese war criminals.

Light industries | 2018-10-14 16:53

Made-in-Korea HEETS ready to hit shelves

YANGSAN, South Gyeongsang Province - A packer machine steadily packed 500 packs of the Philip Morris' HEETS tobacco sticks per minute, Thursday, at Asia's first manufacturing plant that produces the specially designed heated tobacco unit which is intended for exclusive use with the IQOS holder.

Light industries | 2018-10-11 21:00

Celltrion's Truxima close to getting FDA approval

Truxima, Celltrion's anti-cancer biosimilar, has received a recommendation for approval from an advisory committee of the U.S. Food and Drug Administration (FDA), the company said Thursday.

Light industries | 2018-10-11 16:50

Coca-Cola's new, shameful, title: world's biggest plastic polluter

Greenpeace said Tuesday Coke-branded plastic trash was found in 40 of the 42 countries where the environmental group conducted clean-up campaigns recently, in line with the Break Free From Plastic movement. Greenpeace collected 187,000 pieces of plastic trash during the clean-up.

Light industries | 2018-10-10 15:00

The Face Shop loses trademark battle with Louis Vuitton

Low-price Korean cosmetics label The Face Shop has lost a trademark infringement battle with Paris-based luxury brand Louis Vuitton. The Seoul Central District Court ordered The Face Shop to take the products that used Louis Vuitton's design off shelves and to pay a 50 million won fine.

Light industries | 2018-10-10 14:03

Chicken franchises eye elsewhere amid market saturation

BHC and other fried chicken franchises have made inroads into other franchised businesses to diversify their income sources amid the market saturation, according to industry officials Tuesday. The franchises have seen their bottom lines deteriorate in recent years, due to intensifying competition and rising costs, and to bolster their profitability, they have advanced into le...

Light industries | 2018-10-09 16:26

KAIST MBA graduates selling kombucha

Four entrepreneurs who studied business administration at the Korea Advanced Institute of Science and Technology (KAIST) have come into the spotlight as they founded a startup producing a functional beverage, instead of getting high salaries from large firms, the university said Monday.

Light industries | 2018-10-08 13:50

Lotte chief scrambling to get back on track

Lotte Group Chairman Shin Dong-bin will return to his office at Lotte World Tower in Seoul Monday to normalize management of the group which has suffered a series of setbacks during his eight-month absence. Shin was released from prison Friday after being given a suspended sentence for a conviction on bribery charges.

Light industries | 2018-10-07 17:08

AmorePacific hit by China's tougher border controls

Investors have dumped AmorePacific shares in recent weeks as Beijing cracks down on Chinese travelers who return home with luxury items and sell them at a profit, according to securities analysts Sunday.

Light industries | 2018-10-07 17:07

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