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Fri, December 9, 2022 | 17:46
Former LG Electronics vice president to lead LocknLock
Global food container maker LocknLock has nominated former LG Electronics Vice President Lee Jae-ho as its new CEO, the company said last week. Lee will be officially appointed during the company's extraordinary meeting of shareholders on Oct. 17 along with his appointment as an executive director on the same day.
LG chief stresses need to 'think from perspective of future customers'
LG Group Chairman Koo Kwang-mo and top executives of group affiliates discussed strategies for future businesses as companies are grappling with the increasingly unfavorable economic conditions, Korea's fourth-largest conglomerate said, Friday. Koo and the heads of LG's units attended a CEO workshop at Konjiam Resort in Gwangju, Gyeonggi Province, Thursday, the first of its k...
Department stores eye secondhand products to draw young customers
Lotte, Shinsegae, Hyundai and other department stores are opening special stores for used items and investing in online secondhand marketplace apps to attract younger customers, according to industry officials, Friday. Department stores used to deal mostly with brand-new, up-to-date and pricey merchandise to differentiate themselves from other retailers, but due to young cust...
Hyundai E&C starts sales of Hillstate studio apartments in Daejeon
Hyundai Engineering & Construction (Hyundai E&C) put a total of 473 studio apartments up for sale at the Hillstate apartment complex in Daejeon's Yuseong District, the company said Thursday. It is the first studio apartment complex built near the popular tourist site of Yuseong Hot Springs in the metropolitan city.
Rubber Duck returns to Seoul after eight years
The giant yellow Rubber Duck, which attracted 5 million visitors in 2014, returns to Seoul after eight years. This time, it came with its friends -Rainbow Duck, Skull Duck, Dracula Duck and Ghost Duck to celebrate Halloween next month. Lotte Property & Development (Lotte P&D), the operator of Lotte World Tower and the company that brought the 3D artwork to Korea, said the 18-...
Food firms complain about gov't warnings against price hikes
Food companies here are expressing frustration over the government's growing pressure on them to refrain from raising prices on their products amid soaring inflation, according to company officials Tuesday.
LG Electronics CEO meets with African envoys for Busan's expo bid
LG Electronics CEO Cho Joo-wan met with six African ambassadors to Korea - from Ethiopia, Tanzania, Sudan, Kenya, Rwanda and Angola - Monday, to request their support for Busan's World Expo 2030 bid. Top diplomats from the African nations and executives from the electronics company as well as government officials participated in the event held at LG Science Park in Magok, sou...
Food delivery market competition heats up as Shinhan Bank, Naver enter fray
Competition has been heating up in the food delivery market with Shinhan Bank's new “Ttaenggyeoyo” service rapidly attracting customers and Naver launching a new delivery platform called “N Delivery” in November, according to industry officials, Sunday. One of the country's largest lenders, Shinhan Bank has already registered over 1 million customers for its service in the ei...
POSCO International to triple natural gas production in Australia by 2025
POSCO International will invest 300 million Australian dollars in its subsidiary, Senex Energy, together with Australian energy firm Hancock Energy, to increase its natural gas production by three times over the next three years, the company said Sunday.
Shinsegae, Lotte to compete in metaverse
Competition among the two local retail giants, Shinsegae and Lotte, has ignited in the virtual world, which is emerging as new a future growth engine. There is a new trend of enjoying culture in the metaverse, where companies believe more and more people will spend their money - in virtual department stores and amusement parks - as they spend more time online.
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