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Alternative investment experts to gather at ASK 2024 on Oct. 16-17
The Korea Economic Daily hosted the spring conference of ASK 2024 in Seoul in May South Korea’s major institutional investors…
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Lotte chief bets on K-food boom for global expansion
Premium Ghana Chocolate by Lotte Wellfood (Courtesy of Lotte Wellfood) A bubble gum maker-turned-multinational retail-to-chemical business empire Lotte Group is…
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Sambark LFT rebranded as Lotte Engineering Plastics
Lotte Engineering Plastics’ plant in Yesan, South Chungcheong Province (Courtesy of Lotte Engineering Plastics) Sambark LFT Co., a plastic materials…
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Uniqlo expands in Korea as No-Japanese boycott wanes
Uniqlo Co., a Japanese fast fashion brand, is vigorously expanding brick-and-mortar stores in South Korea with the end of South…
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Duty-free underdog Kyung Bok Kung outshines Lotte, Shilla
Kim Tae-hoon, CEO of Kyung Bok Kung Duty-Free, speaks at the grand opening of its outlet at Cheongju International Airport…
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Rising overseas trips to raise Korea’s travel account deficit
Crowd at the departure hall at Incheon International Airport on Sept. 13, 2024, ahead of the Chuseok holiday (Photo by…
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Lotte Wellfood ,Topper Guild to co-work for Pepero Day promotion
South Korea’s Lotte Wellfood Co. said on Monday it partnered with the US YouTuber Topper Guild to promote Pepero Day.…
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AB InBev’s Oriental Brewery buys Jeju Soju from Shinsegae
HiteJinro controls half of South Korea’s soju market Oriental Brewery Co. (OB), a unit of the world’s largest beer company…
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Celltrion earmarks billion dollars to build CDMO plant: chairman
Celltrion founder and Chairman Seo Jung-jin speaks at Korea Investment Week on Sept. 11 Celltrion Inc., South Korea’s largest biosimilar…
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Celltrion chairman says to venture into CDMO market
Seo Jung-jin (center) speaks at Morgan Stanley 22nd Annual Global Healthcre Conference (Courtesy of Celltrion) South Korea’s biosimilar maker Celltrion…
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Lotte to restructure bio business to focus on CDMO
Bird’s eye view of Lotte Biologics plants in Songdo, Incheon, South Korea (Courtesy of Lotte) South Korea’s retail-to-chemical conglomerate Lotte…
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Lotte Energy completes pilot plant for solid-state battery electrolyte
Lotte Energy Materials Corp., one of South Korea’s leading battery materials makers, has completed a pilot plant for the production…
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S.Korean travel retailers’ downfall without Chinese big spenders
Lotte Duty Free shop entrance in Myeongdong, Seoul (Courtesy of Yonhap) Before COVID-19 swept the world, South Korea’s top two…
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Korea’s Everland to lure horror fans with Netflix series
(Courtesy of Everland) Everland, South Korea’s largest theme park, is set to lure horror movie fans at home and abroad…
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Korea Shopping Festa in Vietnam records $12.9 mn in export consultations
The Korean Ministry of SMEs and Startups said on Friday that the “2024 Korea Shopping Festa with Lotte” export consultation…
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Hana Card’s debit card overseas payment reaches 50%
South Korea’s Hana Card reported on Friday that its domestic market share in overseas debit card payments has reached nearly…
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MBK Partners’ sale of Homeplus Express hits a snag over valuation gap
A Homeplus Express store in Seoul MBK Partners’ planned sale of Homeplus Express, the supermarket chain of South Korean hypermarket…
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Lotte to open shops within Singapore NTUC FairPrice outlets
NTUC FairPrice CEO Vipul Chawla (third from left) and Lotte Shopping CEO Kim Sanghyun (fourth from left) pose after signinig…
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Lotte develops nickel-plated foil for solid-state battery
Lotte Energy Materials’ nickel-plated copper foil (Courtesy of Lotte Energy Materials) Lotte Energy Materials Corp., a major South Korean battery…
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Lotte Energy to supply copper foil to Samsung SDI-Stellantis JV
Lotte Energy’s copper foil production line (Courtesy of Lotte Energy Materials) Samsung SDI Co., South Korea’s third-largest battery maker by…
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Korean Telco giant KT’s Midas touch with hotel business
Le Méridien Seoul in Myeongdong (Courtesy of Le Méridien) KT Corp., one of South Korea’s top three mobile carriers, is…
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LG Elec hosts OLED TV media art exhibition in Vietnam
LG Electronics Inc. held a media art exhibition, “The Future Becomes Now,” at the heart of Vietnam’s bustling metropolis Lotte…
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Acquisition loan rates dip to pre-pandemic levels in S.Korea
(Courtesy of Getty Images) Interest rates on acquisition financing in South Korea are set to stabilize at the 5% level,…
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7-Eleven ratchets up sports marketing to take on GS25, CU
A long line forms outside 7-Eleven’s pop-up store within Lotte World Tower 7-Eleven, the third-largest convenience store chain in South…
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Korean firms rush to sell bonds with yields at over 2-yr low
(Courtesy of Getty Images) South Korea’s corporate bond markets are having an unusual busy summer as companies are rushing to…
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Slowing economy, opportunity for S.Korean used car sellers
Used cars parked at dealerships in Janganpyeong, Seoul, South Korea’s largest secondhand car market (File photo by Sol Lee) South…
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Samsung, Ottogi unveil exclusive lifestyle TV goods
Samsung Electronics Co. announced on Friday that it collaborated with the domestic food company Ottogi to release limited edition goods…
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Lotte Rental establishes UAE subsidiary
South Korea’s Lotte Rental Co. said on Thursday that it established an overseas subsidiary in Dubai, United Arab Emirates (UAE),…
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South Korea to develop gas-cooled reactor with POSCO, SK, Daewoo
A nuclear power plant operated by Korea’s KHNP South Korea has embarked on a 44.5 billion won ($32.3 million) project…
