food prices
Scope
Date
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Electric vehicles
Hyundai bets big on deep discounts to survive EV plateau
Hyundai Motor Co. is going all out to revive drivers’ interest in electric vehicles with significant price cuts in the US, the world’s s...
Oct 31, 2023 (Gmt+09:00)
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Food & Beverage
Soju no longer working-class liquor
HiteJinro Co., South Korea’s largest soju maker, will raise the price of its soju and beer products by about 7% next month to reflect higher c...
Oct 31, 2023 (Gmt+09:00)
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Travel & Leisure
BBQ's Chicken Camp gets popularity from foreign tourists
Foreign tourists looking for Chicken Camp, operated by BBQ, a South Korean fried chicken brand, have been increasing noticeably. Chicken Camp is a c...
Oct 30, 2023 (Gmt+09:00)
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Steel
South Korean steelmakers face longer winter
South Korean steelmakers, including the world’s sixth-largest steelmaker POSCO, are facing a longer-than-expected winter in steel demand as th...
Oct 29, 2023 (Gmt+09:00)
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Korean food
KGC hawks red ginseng at top US expo for health functional food
Jung Kwan Jang, the flagship brand of Korea Ginseng Corp. (KGC), has been featured at North America’s leading expo for raw ingredients of heal...
Oct 27, 2023 (Gmt+09:00)
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Earnings
Samsung Electro-Mechanics sees share price target cut
South Korean brokerages have downgraded their target prices for Samsung Electro-Mechanics, following a significant earnings shock in the third quart...
Oct 27, 2023 (Gmt+09:00)
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Batteries
POSCO Future M sees cathode material prices falling 12% in Q4
South Korean electric vehicle battery materials maker POSCO Future M Co. predicts that cathode material prices in the fourth quarter will drop as mu...
Oct 25, 2023 (Gmt+09:00)
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Retail
K-food, beauty franchise stores set for Laos foray
Laos’ largest private company Kolao Group has attracted about a dozen South Korean franchise operators to join its aggressive push into the So...
Oct 23, 2023 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang to export K-Street Foods
South Korean food company CJ CheilJedang Corp. ’s strategic product lineup K-Street Food will be launched in June next year on major global ma...
Oct 23, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korea's HMM creditors convert $739 mn bonds into shares
Shares of HMM Co., South Korea’s No. 1 container line, are likely to fall as its main creditors exchanged perpetual convertible bonds (CBs) an...
Oct 20, 2023 (Gmt+09:00)
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Business & Politics
South Korea attracts more African countries to food project
South Korea is increasing the number of African countries participating in its official development assistance (ODA) project to alleviate the chroni...
Oct 20, 2023 (Gmt+09:00)
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Food & Beverage
Korea steps up pressure on private sector to ease inflation
South Korea is intensifying pressure on the private sector to curb inflation by forcing companies such as food and beverage makers not to raise prod...
Oct 20, 2023 (Gmt+09:00)
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Korean food
Samyang Foods launches TomYum Buldak Ramen in US
South Korea's Samyang Foods Co. announced on Friday it began to release the new export-exclusive product of Hot Chicken Flavor Ramen, or Buldak Rame...
Oct 20, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom launches cloud cost management platform
South Korea's SK Telecom Co. on Wednesday announced the launch of Cloud Radar 2.0, its next-generation cloud management platform that leverages arti...
Oct 18, 2023 (Gmt+09:00)
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Food & Beverage
Nongshim invests $7.4 mn to nurture food tech startups
South Korean food and beverage giant Nongshim Co., unveiled plans on Wednesday to pump 10 billion won ($7.4 million) into venture funds, aiming to d...
Oct 18, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Big 3 Korean shipmakers all likely to log quarterly profit
South Korea’s three major shipbuilders are all poised to log quarterly surpluses for the July-September period and stay in the black for years...
Oct 16, 2023 (Gmt+09:00)
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Robotics
Hanwha Robotics produces kitchen automation robots
South Korea’s Hanwha Robotics on Sunday announced its signing of an agreement on the development and commercial use of a robotics system for k...
Oct 16, 2023 (Gmt+09:00)
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Food & Beverage
KFC Korea to start franchise business for faster growth
Fast food chain KFC said on Friday it will begin franchise store operations in South Korea next year, when the company will mark 40 years of busines...
Oct 13, 2023 (Gmt+09:00)
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Electric vehicles
Kia unveils low-cost EV models to reboot sales growth
Kia Corp., South Korea’s No. 2 automaker, showcased new low-cost electric vehicles on Thursday to boost the slowing growth in clean automobile...
Oct 12, 2023 (Gmt+09:00)
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Korean food
Dongwon F&B to accelerate global push with StarKist
COLOGNE, Germany – Dongwon F&B Co., South Korea’s largest canned tuna manufacturer, will break away from its domestic sales-focused ...
Oct 12, 2023 (Gmt+09:00)
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Real estate
Mirae Asset Securities puts its Yeouido building on the market
Mirae Asset Securities Co. is seeking to sell off its Seoul-based office building, the value of which is estimated at around 300 billion won ($223.7...
Oct 11, 2023 (Gmt+09:00)
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Private equity
CJ CheilJedang to sell off its Brazilian soybean crusher
South Korean food giant CJ CheilJedang Corp. said Tuesday it will sell its full ownership in Brazilian soybean crusher CJ Selecta S.A., or a 66% sta...
Oct 10, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea’s Gopizza to open branch at Singapore Changi airport
South Korean food tech startup Gopizza, known for its single-serving pizza prepared by robots, on Tuesday said it will open a branch on Nov. 1 at Si...
Oct 10, 2023 (Gmt+09:00)
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Korean food
Gluten-free Korean snack, pea soy sauce lure European gourmets
COLOGNE, Germany – The traditional Korean snack yakgwa and a soy-like sauce made with peas were named innovative foods of the year at the worl...
Oct 10, 2023 (Gmt+09:00)
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Travel & Leisure
Overseas trips top pre-pandemic levels during Chuseok holiday
The number of South Koreans who spent this year’s six-day holiday of Chuseok abroad exceeded pre-pandemic levels, indicating a recovery in the...
Oct 08, 2023 (Gmt+09:00)
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Bio & Pharma
Proxy adviser ISS backs drug giant Celltrion's merger plan
South Korean drug giant Celltrion Group has received a positive recommendation from Institutional Shareholder Services (ISS), a global leading proxy...
Oct 06, 2023 (Gmt+09:00)
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Automobiles
Tesla Model Y reclaims spot as Koreans' favorite foreign car in September
The Tesla Model Y reclaimed the top spot on the best-selling imported car list in South Korea last month for the first time since September 2022. Th...
Oct 06, 2023 (Gmt+09:00)
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Food & Beverage
Pulmuone, BlueNalu team up for cell-cultured seafood
South Korean food company Pulmuone revealed plans on Thursday to boost its strategic partnership with US-based seafood startup BlueNalu, focusing on...
Oct 05, 2023 (Gmt+09:00)
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Korean chipmakers
Average fixed transaction DRAM price in Sept bottoms out at $1.30
The average fixed transaction price of DRAMs last month stayed at $1.30, maintaining its sluggishness in the $1 range for the ninth consecutive mont...
Oct 04, 2023 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang, T&R Biofab team up for alternative meat
South Korean food and bio giant CJ CheilJedang Corp. is harnessing advanced innovative technology to secure sustainable future food resources. The c...
Oct 04, 2023 (Gmt+09:00)
Latest News
- 1 Invesco, SK D&D likely to buy co-living building in Seoul
- 2 Coupang bids for Korean luxury market dominance with Farfetch
- 3 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 4 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 5 Korea to allow non-profits to buy bad consumer loans