The New Zealand Wine Festivals, which promise an unforgettable experience of New Zealand culture and remarkable wines, are returning this year by popular demand. The events in Seoul and Busan will leverage the growth and recognition of an array of New Zealand’s premium wines.“New Zealand wine is a f
Lotte Chemical said on Jan. 15 that its plan to sell its Pakistani subsidiary engaged in non-core businesses, such as the production of high-purity terephthalic acid (PTA), has been canceled due to unstable situations in Pakistan.Lotte Chemical announced that a share purchase agreement it signed wit
Legoland Korea Resort announced the unveiling and lighting ceremony of the country’s first giant Christmas tree made of Lego bricks, standing at 9 meters in height, on Nov. 24.Located in the Brick Street Square of Legoland, the Lego Christmas Tree reaches an impressive height of 9 meters and 83 cent
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.US government and Fed seek to bring down inflation without a recessionThe US Fed is seeking to stabilize inflation at lower levels without a recession in hopes of avoiding a repeat of the 1970s. It has rai
Pernod Ricard Korea announced that it will open its world’s No. 1 Irish whisky Jameson ‘Distillery on Tour,’ a pop-up space recreating the essence of the Jameson Distillery in Dublin. The pop-up will run until August 23 in the atrium on the first floor of Seoul’s landmark Lotte World Mall.Distillery
General food company Daesang is expediting its expansion into the U.S. market. The company plans to expand its business in core categories such as kimchi, sauces, and home meal replacements (HMRs) by acquiring local food companies.Daesang announced on June 19 that it has acquired a 100 percent stake
On June 19, Daesang announced the acquisition of American food company Lucky Foods. Following the completion of their Los Angeles plant last year, Daesang has expanded its production base through the acquisition of a local American food company. With this acquisition of Lucky Foods, Daesang intends
The New Zealand Wine Festivals, which aim to provide an enjoyable experience for all guests, are back this year. These sought after events in Seoul and Busan aim to leverage the rapid growth and popularity of a wide range of New Zealand’s top wines from the country’s globally celebrated wine regions
Lotte Chemical will sell off non-core overseas businesses in order to strengthen its high value-added specialty materials business.The company announced in a public disclosure on Jan. 16 that it will sell off its entire 75.01 percent stake in Lotte Chemical Pakistan Limited (LCPL), a purified tereph
The New Zealand Wine Festivals are back after a hiatus due to the COVID-19 pandemic. Anticipation in Korea’s two biggest cities is increasing to sample premium New Zealand vintages – in line with the rapid growth in popularity of New Zealand wine in Korea.“We are delighted that the Kiwi Chamber is a
Jonathan Gardner(b. 1982, Lexington, KY) is a New-York based artist known for his depictions of stylish figures and their leisurely worlds. An artist in demand and on the rise, Gardner’s richly colored paintings are filled with nonchalant figures against flattened space, adding to the surreal, uncan
AIA Life launched its new ‘AIA Vitality X T Healthy Habit’ Galaxy Program on Jan. 27, through which members of the AIA Vitality health and wellness platform can earn up to 100% cashback on their Samsung Galaxy Watch purchase by engaging in healthy activity.The program was developed based on research
“Innovative New Zealand -- A Country-Sized Incubator” was this year’s theme for the Kiwi Chamber’s year-end networking function held at the Grand Hyatt Hotel Seoul on Nov. 28. The annual event demonstrated Korea and New Zealand’s strong bilateral relationship – an inspiring story of two small countr
Kolon is accelerating its business expansion in the Chinese online market.The FnC Division of Kolon Industries announced on June 14 that it would launch a full-fledged online distribution network in China while forging a strategic partnership with JD.com Inc., which operates JD.com in China.JD.com i
LG Group chairman Koo Bon-moo has died after leading South Korea’s fourth-largest conglomerate for over two decades and transforming it into a global brand, but his legacy will live on as many remember him as a humble and far-sighted entrepreneur.The death of the businessman who passed away on the m
According to industry sources on January 24, Lotte Home Shopping is planning to withdraw from the Chinese market and many other South Korean retailers in China are likely to follow suit due to its THAAD retaliation and excessive regulations.Lotte Home Shopping entered the Chinese market back in July
Korea and New Zealand celebrated another year of growth, innovation and friendship under the theme of Korea-New Zealand “Inspire with Innovation” at a year-end networking function held at the Four Seasons Hotel Seoul on Wednesday, Nov. 15.The Year End Grand Hui, hosted by the New Zealand Chamber of
The New Zealand Chamber of Commerce in Korea, known as “The Kiwi Chamber,” will host its annual New Zealand Wine Festival events on Saturday, May 20, from 4 to 8 p.m. at the idyllic Waterfall Garden of the Grand Hyatt Seoul, and on Saturday, June 3 from 6:30 p.m. to 10:30 p.m. in the Grand Ballroom
After an overwhelming response to the PyeongChang 2018 volunteer program which saw more than 91,000 applicants, the lucky ones who have been selected to be part of the Olympic and Paralympic Games from the host nation have been announced on March 16.From the initial interested parties, 41,350 were s
Kia Motors Co. are re-entering the Pakistan’s car market, the potential market with a population of about 200 million people. As European automakers, including Renault, are scrambling to push into the market, the South Korean carmaker is also making an aggressive movement again.According to industry