'Coffee Expo Seoul' highlights innovative technology from coffee industry

SEOUL, March 22 (AJU PRESS) -- A total of 250 South Korean and foreign coffee-related companies are participating in the "Coffee Expo Seoul," an annual coffee business exhibition held in Seoul from March 21 to March 24. Exhibitors are showcasing coffee beans, equipment, and packaging materials at the COEX Convention & Exhibition Center located in Gangnam District, the fashion and finance hub of Seoul. According to data released by market research firm Euromonitor, So

March 22, 2024

S. Korean power supplier joins UAE's 1.5 gigawatt-class solar power infrastructure project

SEOUL, March 22 (AJU PRESS) -- Korea Western Power, a power supplier in South Korea, has partnered with Électricité de France, a Paris-based state electric utility company, to build a 1.5 gigawatt solar power generation infrastructure in the United Arab Emirates. The construction of the solar power facilities will be completed in 2027 and operated for 30 years. Korea Western Power (KOWEPO) signed an agreement with Électricité de France (EDF) to establis

March 22, 2024

LG Chem to supply reverse osmosis membranes to world's largest fertilizer production site in Morocco

SEOUL, March 21 (AJU PRESS) -- South Korea's LG Chem will supply about 18,000 reverse osmosis membranes to the world's largest fertilizer production site in Morocco. The industrial complex operated by Morocco's state fertilizer producer, OCP Group, will incorporate LG Chem's components to desalinate water necessary for fertilizer production as well as for providing potable water to around 1.5 million residents in the nearby area. Reverse osmosis (RO) is used to rem

March 21, 2024

Affordable private brand products garner popularity at GS25 stores

SEOUL, March 21 (AJU PRESS) -- Private brand products, designed to attract consumers who seek products with more affordable prices, are garnering popularity at "GS25" convenience stores, operated by GS Retail. The convenience store operator analyzed the popularity attributed to consumer demands for cheap and high-quality products. Private brand (PB) products are affordable items that were created by benchmarking popular or bestselling products. Companies normally provid

March 21, 2024

Naver ranked third-most innovative company in Asia-Pacific region

SEOUL, March 21 (AJU PRESS) -- South Korea's largest portal operator Naver has been recognized by the prominent American business news magazine "Fast Company" as the third-most innovative company in the Asia-Pacific region among 606 companies. The business news outlet highlighted "CLOVA X," an artificial intelligence solution that understands and generates human-like conversations in text. In Fast Company's 2024 ranking of the most innovative Asia-Paci

March 21, 2024

S. Korean instant noodles Ramyeon hits highest-ever exports of $93 mln in February 2024

SEOUL, March 21 (AJU PRESS) -- Exports of South Korean instant noodles, known as Ramyeon, reached a record high of $93 million in February 2024, up 31.5 percent from the same period a year ago. The surge in popularity of South Korean instant noodles can be attributed to the global recognition of South Korean cultural content, including K-pop, films, and dramas. According to data released by South Korea's customs office, Ramyeon exports totaled $93 million in February of this y

March 21, 2024

S. Korean food maker Nongshim partners with agriculture ministry to help young farmers

SEOUL -- Nongshim, a major South Korean food company recognized globally mainly for its popular instant noodle and snack products, has partnered with an agricultural information service agency operated by the agriculture ministry to provide support for young farmers who plan to build up their professional farming careers. South Korea's farming sector is heavily affected by the country's rapidly aging phenomenon. Farming villages are being depopulated due to young people leav

March 20, 2024

LG Chem to showcase CO2-based eco-friendly plastic at beauty trade show in Italy

SEOUL -- LG Chem, the chemical unit of South Korea's LG Group, will showcase a carbon dioxide-based environmentally friendly plastic material at "Cosmoprof Bologna 2024," an international beauty trade show scheduled to be held for four days starting March 21 in Bologna, Italy. The plastic material called polyethylene carbonate uses a carbon-capturing technique during the production process. Polyethylene carbonate (PEC) is a type of biodegradable polymer that has ga

March 20, 2024

GS25 partners with Seoul City to stimulate elderly employment

SEOUL -- GS Retail, the operator of the popular convenience store chain GS25, has forged a partnership with Seoul City to boost the employment rate of individuals aged 60 and above. The convenience store giant plans to employ up to one thousand seniors as delivery personnel for on-foot short-distance grocery deliveries. In August 2020, GS25 teamed up with Yogiyo, a leading food delivery service app operator, to launch the on-foot delivery service. This initiative was introduced to

March 19, 2024

Samsung's operating profit to exceed $3.7 bln in 1Q 2024: market analysis

SEOUL -- A market analyst firm predicts that Samsung Electronics' operating profit for the first quarter of 2024 is likely to exceed five trillion won ($3.7 billion), signaling a positive recovery trend in both the semiconductor and smartphone businesses. According to FN Guide, a securities information company, Samsung's first-quarter operating profit consensus (an average estimate based on data released by three securities firms over three months) has once again increased

March 19, 2024