Business
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S. Korea's cathode exports to US soars 178 percent year-on-year in 2023
SEOUL -- South Korea's cathode material exports to the United States significantly increased to $1.83 billion for the first seven months in 2023, up 177.8 percent from the same period a year ago. Through the battery materials produced in South Korea, domestic companies can receive tax benefits from the U.S. government as the two countries signed a Free Trade Agreement. Along with anodes, cathodes are used to help the conduction of electricity through electrolyte materials. Cath
August 7, 2023 -
S. Korea's catering giant Our Home partners with Viet Nam's private school operator to manage canteens
SEOUL -- South Korea's catering giant Our Home will manage school canteens run by FPT Education, a private school operator affiliated with Viet Nam's major IT service firm FPT Corporation. The food company will provide various South Korean food such as Bibimbap, a traditional Korean rice dish with pre-cooked herbs and meat, and Tteokbokki, finger-sized rice cakes simmered in fiery-red spicy chili sauce. Our Home said in a statement that the catering firm partnered with FPT
August 7, 2023 -
Convenience store chain GS25 to run about 280 stores in Viet Nam by 2023
SEOUL -- The operator of South Korea's convenience store franchise GS25 aims to increase the number of stores in Viet Nam to around 280 by the end of 2023 from the current 221. Along with Vietnamese food, the convenience store franchise operator is currently selling South Korean snacks including Tteokbokki, finger-sized rice cakes simmered in fiery-red spicy chili sauce. GS Retail, the operator of GS25, made a foray into the Vietnamese convenience store market in 2018. Accordin
August 4, 2023 -
S. Korea's fried chicken franchise Kyochon opens first store in Taiwan
SEOUL -- The operator of South Korea's popular chicken franchise Kyochon has opened the brand's first store in Taiwan's northern city, New Taipei City, with a population of around 4 million. Along with fried chicken, consumers can enjoy craft beer and fried noodles. The fried chicken brand's operator will open its second store in Taipei in October. The first Kyochon store was launched at a 40 square meter (430 square foot)-wide shopping mall in New Taipei City, Kyoch
August 3, 2023 -
Sales of Hyundai and Kia cars exceed 140,000 in US, up 12.1 percent year-on-year
SEOUL -- Vehicles made by South Korea's Hyundai auto group are garnering explosive popularity in the United States. Sales of Hyundai vehicles in July 2023 soared 12.1 percent compared to the same period a year ago in the U.S. market, selling a total of 143,787. According to data released by Hyundai Motor America, Hyundai Motors sold 72,857 units in July, up 10.7 percent from a year earlier. Hyundai's American office said sales of its green vehicles such as Santa Fe Hybrid and I
August 2, 2023 -
Taihan Cable's high-voltage direct current transmission cable receives international certification
SEOUL -- A 525-kilovolt-class high-voltage direct current transmission cable developed by Taihan Cable & Solution, a power cable and grid infrastructure company in South Korea, has obtained an international certification from a Dutch testing center. The 525-kilovolt-class is currently the highest voltage among commercialized cables. High-voltage direct current transmission (HVDC) converts alternating current (AC) into high-voltage DC and can send large amounts of current far aw
August 2, 2023 -
S. Korea's GDP per capita drops 8.2 percent year-on-year to $32,142 in 2022
SEOUL -- South Korea's gross domestic product per capita was $32,142 in 2022, down 8.2 percent from a year ago. This is the third-largest decline among 47 major economies in the world. Data released by Representative Jin Sun-mee of the main opposition Democratic Party on August 2 showed that South Korea ranked 23rd among the 47 countries with a GDP per capita of $32,142. The list included the member countries of the OECD and the top 30 economies. Japan experienced the largest d
August 2, 2023 -
Hanwha Ocean wins $259.9 mln LNG tanker contract from Asian client
SEOUL -- South Korean major shipbuilder Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering, has won its first LNG tanker contract worth 332.2 billion won ($259.9 million) after the company went through a rebranding in April 2023. In April 2023, South Korea's Hanwha Group, one of the country's largest defense contractors, received the green light from the country's Fair Trade Commission to proceed with the acquisition of Daewoo Shipbuilding & Ma
August 1, 2023 -
CJ Cheiljedang sells Chinese food production wing Jixiangju for $235 mln
SEOUL -- CJ Cheiljedang, a key subsidiary of South Korea's food and entertainment conglomerate CJ Group, has sold Jixiangju, a food production subsidiary known for a Chinese pickle called "zhacai" and Chinese-style fermented food items. Without disclosing the buyers, the South Korean company said all of its shares were sold for 300 billion won ($235 million). Before the sell-off, CheilJedang owned 60 percent of Jixiangju's shares. The Chinese company was acquired
July 31, 2023 -
Hospitality tech company ONDA makes foray into Türkiye's hotel management solution market
SEOUL -- South Korean hospitality tech company ONDA has made a foray into Türkiye's hotel management solution market through a partnership with CMH Solutions, a Turkish hotel management solution company. The two companies will accelerate the digital transformation of Türkiye's hotel management sector. Digital transformation is a process in which traditional paper and manual work-based companies undergo a structural change to adopt digital technologies such as cloud co
July 31, 2023
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Old movies make comeback to theaters with nostalgic appeal
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Cyclonic storm makes landfall on eastern Indian coast
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TikTok hosts creator summit in Saudi Arabia
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Chinese premier pushes for initiatives to boost energy supply
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Xi urges 'BRICS Plus' to pursue common security, development and harmony
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UAE pushes for stronger global partnerships at BRICS summit
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Special exhibition celebrates 30th anniversary of Latin American museum on Seoul's outskirts
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Japan's Ishiba rejects claims of covert support for scandal-tainted candidates
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Japanese students recreate historic 1582 Vatican visit
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CJ CheilJedang recallls Bibigo dumplings over plastic contamination