The CEO will also take charge of corporate sustainability
iKEA Korea announced on Aug. 31 that Isabel Puig would take charge of the company beginning on Sept. 1, along with the role of chief sustainability officer.
Under the stewardship of Isabel,...
Korean outfit expects generative AI will not replace people
The full-fledged adoption of generative AI like ChatGPT from OpenAI can affect the finance and insurance businesses most, according to the Korea Chamber of Commerce and Industry (KCCI) on Aug. 28.
Unlike...
Korean automaker reduces presence in China
Hyundai Motor’s Asian business focus appears to move from China to India as the South Korea's leading automaker is selling off its facilities in the former country.
Hyundai Motor said on Aug. 23 that the...
SPC, Tous Les Jours trying to make their presence felt overseas
South Korea's leading food and bakery companies are briskly tapping into the United States headed by primary brand Paris Baguette and No. 2 player Tous Les Jours.
SPC Group, which...
Korean firm comes up with cutting-edge product
South Korean memory chipmaker SK hynix took the wraps off a 321-layer NAND flash memory on Aug. 9 during the Flash Memory Summit held in Santa Clara.
SK hynix, the world’s second-largest manufacturer of...
Korea strives to expand new markets for pets
Animal hospitals and pet shops will be allowed to sell insurance products for companion animals in South Korea beginning next year, according to the country’s Ministry of Agriculture, Food and Rural Affairs...
China’s CATL catching up fast
South Korea’s LG Energy Solution topped the global rechargeable battery market excluding China during the first half of this year, according to market consultancy SNE Research on Aug. 7.
Over the January-June period, the overall market...
Discount rate will reach up to 50% for three weeks
South Korea’s first-tier discount chain Homeplus announced on July 28 that the outfit had launched an extraordinary summer blowout both online and offline through Aug. 16.
The Seoul-based outfit noted that...
Korean memory chipmakers are expected to turn around soon
World’s leading memory chipmakers Samsung Electronics and SK hynix remained unprofitable in the chip business during the second quarter of this year. But they managed to reduce the size of the...
Film-type ginseng products coming to town
Thus far, people typically drank water after eating products of red ginseng extracts, which came in various forms of ordinary pouches, stick pouches, or ampoules.
Things are expected to change as the world’s leading red...
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Upbit successfully detects crypto frauds
Korean outfit comes up with advanced anti-fraud system
South Korea’s leading crypto-exchange Upbit announced on Sept. 26 that the outfit had discovered fraudulent exchanges amounting...
