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June 15, 2023
Korean biz leaders join forces for hydrogen leadership
...emission reductions through hydrogen in 2030 and bringing the figure to more than 25 percent in 2050. The 17 members of the Korea H2 Business Summit are Hyundai Motor Group, SK Group, Posco Group, Lotte Group, Hanwha Group, GS Group, HD Hyundai, Doosan Group, Hyosung Group, Kolon Group...
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June 15, 2023
[From the scene] Is investment drought near end for Korean biotech?
...s time. Many of them seemed to have insufficient fund to make additional investment,” Jung said. Outlooks for Korean contract development and manufacturing organizations such as Samsung Biologics, Lotte Biologics and Celltrion, are bright as they have enough liquidity back by their ri...
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June 08, 2023
[Bio USA] Lotte's CDMO ambition gets full support from US plant
By Park Han-na Korea Herald correspondent BOSTON – Lotte Biologics’ drug substance manufacturing site in the US will put the utmost effort into making the Korean firm's goal of becoming a global to...couraged by the company's substantial growth potential. "We will actively contribute ...
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June 07, 2023
Lotte sets up future growth task force in Korea, Japan
Lotte Group, the nation’s fifth-largest conglomerate, said Monday it has recently set up a future growth task force at its Korean and Japanese headquarters in an apparent move to accelerate the retai...cheme at Lotte. Currently, the chairman’s only son, Shin Yoo-yeol works as ...
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May 30, 2023
RNR Inc. challenges industry norms with innovative 'Monoplex' theaters
... Seok started his career at the film division of CJ ENM, Korea’s entertainment juggernaut, in the early 2000s when the nation’s film industry started booming, led by major conglomerates such as CJ, Lotte and Orion. In particular, at a time when cinema infrastructure was transitioning ...
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May 26, 2023
Colliers Korea closes $780m in real estate deals
...ea, the deals encompass a combined land area of 20,487 square meters and involve three buildings in Seoul -- Munjeong Plaza, Donghwa Building and Namsan Green Building. Munjeong Plaza, the site of Lotte Mart's Songpa branch, has been acquired by local developer Donghoon. Donghwa Build...
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May 21, 2023
Naver Pay installations surge 186% following partnership with Samsung Pay
...fter the payment service launched in Korea. The number of new Hyundai Card members increased by 203,000, following the launch of Apple Pay in Korea, according to data from the Credit Finance Association of Korea. This figure was the highest among eight local credit card companies -- Lotte
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May 17, 2023
Ukraine asks Korean businesses to help rebuild war-torn country
... the Korean War, called the ‘miracle of Han River.’ We hope Korean companies can take on roles in the post-war reconstruction of Ukraine.” Business figures from Hyundai Engineering & Construction, Lotte Engineering & Construction, Posco International, Hyundai Engineering, Doosan Bus...
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May 14, 2023
Hanwha Aerospace, KT added to MSCI Korea Index
... firm KT; and Posco International, Posco Group's general trading arm were added to the Korean Index under the quarterly readjustment announced Friday. Meanwhile, advertising agency Cheil Worldwide, Lotte Shopping, security firm S-1 Corp and COVID-19 test kit developer SD Biosensor were ...
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April 27, 2023
Korea, US ink 23 MOUs to rachet up tech alliance
...the international political order and supply chain transformation. With Yoon in attendance, a total of 39 representatives of major Korean conglomerates including Samsung, SK, Hyundai Motor, LG and Lotte, as well as top executives of US companies such as Qualcomm, IBM, Microsoft, Boeing...
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April 23, 2023
Apple Pay triggers surge in Hyundai Card users
...y in Korea on Mar. 21, according to data from the Credit Finance Association of Korea. The number of new members of Hyundai Card in March was the highest among eight local credit card companies -- Lotte, BC, Samsung, Shinhan, Woori, Hana, Hyundai and KB Kookmin Card. The figure is als...
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April 17, 2023
Online luxury sellers suffer losses as shoppers return in-store
...y items, intensifying competition in the already saturated market for luxury goods online. "Shinsegae Group's e-commerce platform SSG.com has recently opened a pop-up store to sell Chanel watches. Lotte On has also signed a contract with LVMH Group. Major retailers are expanding their ...
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April 16, 2023
Top Korean chaebol leaders to accompany Yoon on state visit to US
... Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Executive Chair Chung Euisun and LG Group Chairman Koo Kwang-mo. The four business leaders, along with Shin Dong-bin, chairman of Lotte Group, the fifth-largest conglomerate, accompanied Yoon on his visit to Japan in Ma...
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April 11, 2023
[KH Explains] Zero-sugar drinks reshape beverage market
...verages. Sugar-free and low-calorie soft drinks are enjoying their heyday in South Korea, with increasing sales and a growing variety of products. According to South Korea’s leading beverage firm Lotte Chilsung, its sales of sugar-free soft drinks last year came to some 190 billion w...
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April 05, 2023
BIE members feel Seoul's fever for Busan Expo
... Galaxy S23 Ultra -- while trying out the camera on the Galaxy S23 Ultra by taking a picture with the rest of the delegation. After listening to SK's explanation of its battery products, they finished off the tour by cheering and clapping to a Lotte marching band's performance of "Upto...
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March 31, 2023
Posco boasts supremacy in quake-resistant solutions
... Korean steelmaker, with HSA being 1.7 times stronger than normal steel used for construction while also being 30 percent lighter, and especially suitable for skyscrapers, HSA has been used to make Lotte World Tower in Seoul, the tallest tower in Korea, along with Seoul National Univers...
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March 22, 2023
Apple Pay makes Korean debut after 10-year wait
...e held at the Hyundai Card Understage in Itaewon, central Seoul. “Users can start paying with Apple Pay at convenient stores like CU or GS25, coffee spots like Paul Bassett, department stores like Lotte Department Store, or supermarkets like Costco or Homeplus,” he added. During the...
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March 22, 2023
LVMH CEO visits Korea, meets retail business leaders
...h Korean retailers. During his three-day trip to Korea which ends on Wednesday, Arnault met with Lotte Group Chairman Shin Dong-bin at the Lotte World Tower in Jamsil, southern Seoul, on Monday, duri...l, son of Chairman Shin and the vice president of Lotte Chemical...
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March 20, 2023
Lotte loses Incheon Airport duty-free license bid
Lotte Duty Free, the country's largest duty-free operator in terms of sales, has lost the bidding race for the operational rights of duty-free shops at Incheon Airport. Instead, Lotte's smaller rivals, Hotel Shilla, Shinsegae DF and Hyundai Department Store Duty Free, were short...
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March 17, 2023
Korea, Japan biz groups to create future partnership fund
...day. According to the FKI, Samsung Electronics Executive Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Executive Chair Chung Euisun, LG Group Chairman Koo Kwang-mo and Lotte Group Chairman Shin Dong-bin will be among 12 South Korean attendees at the meeting...