Articles by Hwang Joo-young
Hwang Joo-young
flylikekite@heraldcorp.com-
Goodbye to Whopper? Burger King’s marketing stunt stirs confusion
The announcement from Burger King's South Korean operator that it would stop selling its popular Whopper lineup has stirred up controversy and mixed opinions over whether it is merely a marketing stunt or not. Early Monday morning, Burger King informed customers through its website and mobile messenger KakaoTalk about the end of Whopper sales. "Whopper sales will end after 40 years," the announcement read. "We thank everyone who has loved the Whopper all this time." Acco
Companies April 8, 2024
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CJ's Tous Les Jours to set up franchisee training center in US
CJ Foodville, the operator of the South Korean bakery chain Tous Les Jours, said Monday it plans to establish a training center in the US aimed at enhancing the service and operational expertise of its local franchisees there. This initiative comes as CJ Foodville has recently experienced an increasing number of inquiries from Americans interested in operating Tous Les Jours franchise outlets in the US, the company added. According to CJ Foodville, contracts for new franchise openings have alrea
Companies April 8, 2024
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Trade Ministry teams up with overseas institutes for industrial innovation
South Korea has tentatively chosen some of the top universities and institutions worldwide for technology partnerships, aiming to acquire advanced technologies that can assist domestic companies. The Ministry of Trade Industry and Energy announced six institutes as preferred bidders out of 30 universities and institutes from nine countries that applied for the partnership, on Friday. The six bidders include five US-based institutes and universities -- Massachusetts Institute of Technology, Yale
Industry April 5, 2024
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Hanwha Aerospace conducts spinoff to focus on defense industry
Hanwha Aerospace, the defense arm of South Korea’s seventh-largest conglomerate Hanwha Group, said Friday it will segregate its non-military businesses into a newly established corporation, aiming to focus on its defense business operations. According to Hanwha Aerospace’s announcement Friday, Hanwha Aerospace will spin off a new entity, tentatively named Hanwha Industrial Solutions. This new corporation will take over Hanwha Vision, specializing in artificial intelligence solution
Industry April 5, 2024
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aT honored by New York Festivals for ESG efforts
The Korea Agro-Fisheries & Food Trade Corp. on Thursday said it has been recognized by the US-based New York Festivals Advertising Awards for its environmental, social and governance efforts, marking the first time a Korean government agency has won in the ESG category. The Korea Agro-Fisheries & Food Trade Corp., also known as aT, is a government agency entrusted with promoting the trade, export and marketing of Korean foods and beverages worldwide. The agency said it won the ESG manage
Industry April 4, 2024
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Hyosung TNC pledges W1tr to build new Vietnam plant
Hyosung TNC, the fiber production unit of South Korean industrial giant Hyosung Group, said Wednesday it will invest 1 trillion won ($740 million) in Vietnam to establish a new spandex material plant. Hyosung TNC secured approval for the investment from the Vietnamese government during a city development conference for Ba Ria-Vung Tau, a local province of the Southeast Asian country, held Saturday. With the approval, the company will commence construction of a facility in Ba Ria-Vung Tau capable
Companies April 3, 2024
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Sulwhasoo publishes first sustainability report
South Korean cosmetics giant Amorepacific said Tuesday that its premium skincare brand Sulwhasoo has released its 2023 Sustainability Report, detailing the brand's sustainability initiatives and achievements. Sulwhasoo published the first standalone sustainability report by a brand under Amorepacific. The report comprises three chapters: ginseng, the environment and culture. The first chapter explores Sulwhasoo's journey with ginseng, transitioning from its use in food to beauty produc
Companies April 2, 2024
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HiteJinro’s Kelly sells 360m bottles in first year
South Korean liquor giant HiteJinro said Tuesday that its beer brand Kelly had exceeded 360 million bottles in sales as of March 26, a significant milestone within one year of its launch in April 2023. This achievement is equivalent to selling 11.5 bottles every second, the company said. Kelly's performance has propelled HiteJinro's sales growth. Last year, the liquor manufacturer posted 823.3 billion won ($607.6 million) in beer sales, marking a 5 percent increase from the previous ye
Companies April 2, 2024
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Korea Ginseng Corp. appoints global business chief as new CEO
Korea Ginseng Corp., the country's leading ginseng manufacturer, said Monday that it has appointed An Bin, the company's former global business chief, as its new CEO. “In order to transition into a global top-tier comprehensive health company, we must adopt a 'Global One Market' approach that combines both domestic and overseas markets," An, 51, said in his inauguration remarks. “We will aim to maximize profits in overseas markets while at home we will take a
Companies April 1, 2024
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CJ’s veggie dumplings hit US military shelves
South Korean food giant CJ CheilJedang said Monday it has started selling plant-based dumplings at grocery stores within US military bases in Korea. These Bibigo dumpling products come in three varieties -- original, japchae and kimchi -- all featuring the company’s special vegetable protein based on beans, which provides a taste and texture similar to meat. Starting with dumplings, CJ said it plans to expand its product lineup to include frozen rice balls and gimbap. They added it aims
Companies April 1, 2024
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Hahn & Co shakes up Namyang Dairy's board to cement control
Private equity company Hahn & Co has taken over the boardroom of Namyang Dairy Products to put an end to 60-year family ownership of the dairy firm. During the regular shareholders meeting held at Namyang’s headquarters in southern Seoul on Friday, officials from Hahn & Co were appointed as inside directors, while Lee Myung-Chul, chair of Institut Pasteur Korea, was appointed as an outside director. Previous directors, including Hong Won-sik, chair of Namyang Dairy Products, steppe
Companies March 29, 2024
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More S. Koreans voice dissatisfaction with overseas e-commerce platforms in 2023
More South Korean consumers expressed dissatisfaction with their experiences shopping directly via online platform services based overseas last year, partly attributed to Chinese e-commerce platform AliExpress tapping deeper into the Korean market as well as greater demand for overseas travel among Koreans using online travel agency services based in Singapore, according to the Korea Consumer Agency. According to the KCA on Friday, the total number of requests for advice and reports of disputes
Consumer March 29, 2024
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Chilsung Cider wins global acclaim
Lotte Chilsung Beverage Co., the beverage arm of the South Korean conglomerate Lotte Group, said Tuesday its flagship product, Chilsung Cider, has received global recognition for its high-quality taste. Chilsung Cider was honored with the superior taste award, receiving three stars, the highest distinction in the soft drink category, from the Brussels-based International Taste Institute, the company said. Judged on five criteria including first impression, appearance, aroma, taste, and aftertast
Companies March 26, 2024
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Posco International CEO vows to speed up digital transformation
Lee Kye-in, formerly president of Posco International, took office as CEO of the company, having been appointed to his new position during a board meeting at the company’s headquarters in Incheon on Monday. In his inaugural speech, Lee said, "As CEO of Posco Group's second-largest company, as well as a leading trading company, I will fulfill my responsibilities" to align with the company's new vision, "materials opening the future, innovation for the top class,&quo
Companies March 25, 2024
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Hanjin, Mongolia’s Tuushin ink logistics partnership
South Korean logistics company Hanjin Logistics Corp. said Wednesday it has signed a partnership with Tuushin LLC, Mongolia's leading freight forwarding company, as a strategic move to advance its presence in Mongolia. On Tuesday, Hanjin and Tuushin inked a memorandum of understanding at Hanjin's headquarters in Seoul, with Hanjin Logistics CEO Noh Sam-sug, Chief Marketing Officer Emily Cho and Tuushin LLC President Zorigt Namsraija in attendance. Under the agreement, the two companies
Companies March 20, 2024
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