SEOUL, Jun. 4 (Korea Bizwire) –A Greenpeace investigation has revealed that parts of the Baekdudaegan protected areas, a crucial ecological corridor on the Korean Peninsula, are being deforested for commercial forestry plantations. In a report titled “Unprotected Protected Areas,” released ahead of World Environment Day on June 5, Greenpeace found that 74,947 hectares of South [...]
SEOUL, Jun. 4 (Korea Bizwire) – Park, a 30-year-old office worker, recently made an uncharacteristic choice while shopping online: Instead of her usual environmentally friendly detergent, she added a regular brand to her virtual cart. Since starting to live independently in 2021, Park had used biodegradable sponges, shampoo bars and other eco-friendly products. But with prices [...]
SEOUL, Jun. 3 (Korea Bizwire) – The confluence of declining birthrates and rising pet ownership in South Korea has led to sales of dog food outpacing those of infant formula and baby food, reflecting a broader shift toward premium childcare products. According to the e-commerce platform Gmarket, comparing the proportion of dog food, infant formula [...]
SEOUL, June 3 (Korea Bizwire) — Daesang Corp., a major South Korean food company, said Monday it has expanded production facilities for Korean food in Vietnam to meet growing local demand. Daesang has invested 30 billion won (US$22 million) to sharply increase the annual output capacity of a dried laver plant in Hai Duong and [...]
SEOUL, Jun. 3 (Korea Bizwire) — Private equity firm MBK Partners is set to sell the supermarket business unit of Homeplus Co., a discount store chain in South Korea, according to financial sources on Monday. MBK Partners, which owns 100 percent of Homeplus, has put Homeplus Express up for sale, appointing Morgan Stanley to manage [...]
SEOUL, Jun. 3 (Korea Bizwire) – Baemin, the leading food delivery app in South Korea, will start charging “packaging fees” for takeout orders from July 1. While existing partners will be exempt from these fees until March 2025, the move suggests that packaging intermediation services may eventually become paid offerings across the board. According to industry [...]
UIJONGBU, May 31 (Korea Bizwire) – In a first for a South Korean provincial government, Gyeonggi Province announced on May 30 that it will distribute 10,000 queen bees starting in June to help beekeepers recover from winter bee colony losses. Since March, the province has been working diligently with municipal governments and beekeepers’ associations to raise [...]
SEOUL, May 31 (Korea Bizwire) — Hanwha Ocean Co., a shipbuilding and defense industry unit of South Korea’s Hanwha Group, said Friday it has partnered with three Canadian technology firms to enhance cooperation as part of its effort to bid for Canada’s maritime procurement project. During Canada’s Global Defence & Security Trade Show in Ottawa, [...]
SEOUL, May 31 (Korea Bizwire) — South Korea’s industrial output rebounded in April following a sharp fall a month earlier, but retail sales and investment dropped for the second consecutive month, data showed Friday. Industrial output rose 1.1 percent on-month in April, compared with a 2.1 percent fall a month earlier, according to the data [...]
SEOUL, May 31 (Korea Bizwire) — Hanwha Group, a South Korean defense-to-insurance conglomerate, has been ranked among U.S. magazine Time’s 100 most influential companies of 2024. Hanwha Group was named in the Titans category for the Time 100 Companies list released Thursday (U.S. time), which also included Amazon, Airbus, TikTok, Microsoft, Pfizer and Nvidia. It [...]