Hanwha Group announced that Chairman Kim Seung-yeon of the group had a conversation with Chairman Edwin John Feulner Jr. of the Heritage Foundation's Asian Research Center at the Plaza Hotel in Seoul on Nov. 8.The meeting was arranged as Chairman Edwin Feulner visited Korea to participate in a domes
Pernod Ricard Korea releases the new high-end collection of the prestige whisky ‘Royal Salute’, ‘Royal Salute 30 Year Old (Royal Salute 30YO – Key to the Kingdom)’. Royal Salute has been leading the innovation of Scotch whiskey based on the know-how accumulated over many years presenting the line-up
SK On signed a lithium hydroxide supply deal with Chile’s SQM, a move that will further strengthen the company’s supply chain for critical battery materials in coping with the U.S. Inflation Reduction Act (IRA) following its recent deals with Australian lithium developers, the global leading electri
SK Innovation announced on Nov. 7 that Vice Chairman Kim Jun served as an envoy of Minister of Foreign Affairs to promote the support for Busan’s bid to host World Expo 2030 (“Busan World Expo 2030”). Africa has 45 member countries in the Bureau International des Expositions (BIE), second only to Eu
Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, announced that it is teaming up with head bartender Odd Strandbakken from Charles H. in the Four Seasons Hotel Seoul to offer a special lecture on building a sustainable bar culture. The special lecture will b
LS Electric will expand its presence in the ASEAN market with its Bac Ninh plant in Vietnam serving as a central hub of exports. LS Electric announced on Oct. 26 that a full-fledged plant rollout ceremony was held for the Bac Ninh plant at the Yenfong Industrial Complex in Bac Ninh Province, Vietnam
Hyundai Oilbank announced on Nov. 3rd that it has signed a contract with SUNOCO, a U.S. petroleum product import and export company, to extend the supply of petroleum products in 2023.Hyundai Oilbank has established a stable export channel for petroleum products to the U.S. through the extension of
Bakken Energy, an innovative developer of affordable clean hydrogen at scale, announces Hyosung, a South Korean leader in hydrogen development, has joined Bakken Energy as a strategic investor, Alison Ritter of Bakken Energy said on Nov. 2.Hyosung has recently become known for advancing technologies
Taihan Cable & Solution is continuing its steps to secure competitiveness in Africa.Taihan Cable & Solution announced on Nov. 2 that the South African Ambassador to Korea visited Hoban Park (located in Umyeon-dong, Seocho-gu) on Nov. 1 and discussed ways to expand its business in South Africa.At thi
By Kevin LeeThe Polish Ministry of State Assets, the Korean Ministry of Trade, Industry and Energy, Polish energy companies ZE PAK and PGE, Korea Hydro & Nuclear Power (KHNP) have announced that a letter of intent regarding the development plan of a nuclear power plant at the Pątnów site and an MOU
Capella Yang Yang, the first entry into South Korea by global luxury resort brand Capella Hotels & Resort, held a groundbreaking ceremony on Oct. 27 and announced the start of the business. A total of 500 people attended the groundbreaking ceremony held at Songjeon Beach in Sonyang-myeon, Yangyang-g
CJ Group has appointed the youngest female CEO at the age of 45.The CJ Group announced that it had appointed Lee Sun-jung, who had served as the head of CJ Olive Young's sales division, as the new CEO of CJ Olive Young after carrying out an executive reshuffle in 2022. Lee Sun-jung, a business leade
In the third quarter of 2022, LG H&H reported 1.9 trillion won in sales (-7.0% yoy), and 190 billion won in operating profit (-44.5% yoy), the company said on Oct. 27.Business environment for 3Q was challenging. In China, consumer sentiment and economic activity declined due to prolonged lockdowns s
Chairman Heo Young-in of SPC Group apologizes to the public for the fatal accident at the bakery factory of SPL, a subsidiary of Pyeongtaek SPC, at the SPC headquarters in Yangjae on Oct. 21The accident occurred eight days after the death of a worker in his 20s at the SPC-affiliated SPL Pyeongtaek b
Chairman Chung Eui-sun of Hyundai Motor Group went on a business trip to the United States to attend a groundbreaking ceremony for a plant dedicated to electric vehicles in Georgia.According to industry sources, Chairman Chung left to the United States on a private plane from Gimpo International Air
POSCO Holdings decided to invest in the second stage of a salt water lithium commercialization factory in Argentina, the company said on Oct. 18.POSCO Holdings reported the second investment business on Oct. 7 to its board and they approved the production of lithium hydroxide with salt water in Arge
Key figures from the Middle East, such as members of the Royal Family of Dubai, Crown Prince of Abu Dhabi, UAE Deputy Prime Minister, and Albanian Ambassador, visited A-NEX Korea's 'DONO' booth in the GITEX venue. GITEX is the largest Information & Communication Fair in the Middle East, held from th
Pernod Ricard Korea announced the release of 3 champagnes of the ‘Maison Mumm RSRV Collection’ that contains the “Only the Best" philosophy of Maison Mumm, a champagne house established in 1827. Since they were first produced in 1838, Maison Mumm’s exceptional champagnes have been reserved for a cir
POSCO-MKPC, POSCO’s automotive steel processing center based in Malaysia, held ‘POSCO AHSS TECHDAY’ in Setia Alam, Malaysia on Sept. 29. This event was held for the first time in three years since 2019 due to COVID-19 pandemic, the POSCO announced on Oct. 12.POSCO-MKPC held this event to expand the
SK held a ceremony at Iváncsa City Hall on Sept. 27 (local time) to deliver a donation to the local public foundations in Iváncsa, Hungary, where its third electric vehicle (EV) battery plant in Europe is currently under construction.The ceremony was attended by Krisztián Molnár – Governor of Fejér,