...ce. According to industry sources on Monday, CDFG offered its bid to join the heated race after participating in a tender briefing session last month. Competing head-on with Korean rivals such as Lotte, Shinsegae and Hotel Shilla, the Chinese duty-free giant aims to win as many as two business licenses to operate dozens of duty-free shops at the nation’s largest airport. Industry insiders say C...

...ffiliate Kia also rose by 6.62 percent to 69,300 won. Among decliners, bio firm Samsung Biologics dipped 0.38 percent to 795,000 won, cosmetics maker LG Household & Health Care declined 0.68 percent to 727,000 won, and chemical firm Lotte Chemical fell 0.33 percent to 183,200 won. The local currency closed at 1,230.7 won against the greenback, up 1 won from the previous session's close. (Yonhap)

...e post-COVID-19 era. The Busan Tourism Organization lies at the heart of this aspiration. The corporation has recently developed a new Busan tourism brand identity. The brand identity incorporates th...cale tourist facilities have been built in Busan. Following the Beach Train and Songdo Cable Car, Lotte World opened in the Dongbusan Tourist Complex, and alongside this, large resorts have been poppi...

... of investors and biotechnology executives from around the world. From Korea, Samsung Biologics, Lotte Biologics and SD Biosensor have been invited to speak at the conference. They are expected to br...d to introduce the company’s vision to expand its manufacturing capacity and business portfolio. Lotte Biologics is making its debut at the conference, less than a year after the company was establis...

... ESG fields introduced their innovative technologies to global investors and partners. The 13 organizations included the Korea Aerospace Research Institute (KARI), Hancom Inspace, Korea Airports Corporation (KAC), Lotte-Chemical, S-Oil, Narma, Infiniq, Pablo Air, Standard Energy, FCI, Libest, Beomjun, and Caliverse. On January 6 th , participants took the time to network with key global corporate officials at...

... the collapse of an apartment building under construction in Gwangju last year, the survey said. Lotte Duty Free has topped the tax-free sector, and also claims the fifth spot in the overall chart. ...ate compensation offer as a promotional event, the first such in the industry. The subsidiary of Lotte Corp. said it plans to run a seasonal event, “Jumping New Year,” in January and February, where ...

...-square-meter lot. Once full-fledged, more retail and accommodation brands will be able to enjoy distribution services provided by K&K's logistics infrastructure. So far, retailers Big C, VinMart, Lotte Mart and Aeon Mall, as well as luxury hotel brands such as JW Marriott, InterContinental and Lotte Hotel have partnered with K&K for food distribution. Currently, six out of 10 clients for K&K's distribution infrastructure services are corporate -- and Ko is aiming to grow the proportion furth...

...ough the EDCF, an IT park is being constructed in Islamabad. The two countries are actively pursuing cooperation in the areas of national defense, education and tourism. Korean corporations such as Lotte Confectionery, Hyundai Motor Group, Samsung and hydroelectricity companies are expanding their businesses to Pakistan. Currently there are more than 10,000 workers from Pakistan in Korea, and this...

...te, but for one of the nation’s top five chaebol groups, to appoint a female CEO who is not a member of the founding family. The top five business groups also include Samsung, SK, Hyundai Motor and Lotte. Joining LG H&H in 1986, Lee is known to have played a leading role in nurturing the company’s consumer goods, high-end cosmetics and refreshment businesses. She became LG’s first female vice pre...

...period (within one or two years). Nice Investors Service have recently included several units of Lotte Group in the list for feasible downgrades. Its measure came after Lotte Chemical publicized its...ast worries over financial burden, involving investment costs, and included some units -- such as Lotte holdings, Lotte rental and Lotte Capital -- as the list for downgrades. HDC Hyundai Development...

...ay. The South Korean oil company said it has signed a business agreement with petrochemcial firm Lotte Chemical and retailer LG Household & Health Care on Oct. 17 to kick off its joint ecofriendly pl...o usable chemicals. Hyundai Chemical, a strategic joint venture between the refining company and Lotte Chemical, will be responsible for creating the eco-friendly plastic by inputting pyrolysis produ...

...Chicken” for 6,990 won per bucket. E-mart responded with an even cheaper 5,980 won chicken, while Lotte Mart jumped in with “Hantong Chicken” at 8,800 won. Homeplus said it has sold over 460,000 buck...en June 30 and Aug. 21. Expensive chicken The customer craze is in stark contrast to 2010, when Lotte Mart began offering fried chicken for 5,000 won a bucket. At that time, the retail giant took a...

Chaebol bosses -- most notably of Samsung and Lotte -- are being given special presidential pardons and being bailed out of jail in light of the economic crisis triggered by the pandemic. The first ...ntenced for bribing the impeached former President Park Geun-hye. Shin Dong-bin, the chairman of Lotte Group who is on a suspended jail sentence, also for bribing Park, will be cleared. Following th...

...em (pardons),” in response to Rep. Park Sung-joong’s question at a parliamentary interpellation session about whether he has any intention to propose pardons for business figures, including Lee and Lotte Group Chairman Shin Dong-bin. Rep. Park of the People Power Party stressed the importance of Lee’s potential parole in regards to corporate management of the leading semiconductor manufacturer Sa...

...ter regions into different sectors and developing them separately. Seoul Housing & Communities Corporation and Korail are expected to forge a joint unit to spearhead the development. The Seoul city g...d other cultural facilities will help energize the region, Oh explained. Skyscrapers taller than Lotte World Tower can also be built in the Yongsan area. The Seoul city government currently plans to ...