S. Korean food retail chains face losses amid intensifying price war

Sep 20, 2022 23:12 pm UTC| Life Economy Business

Concerns are growing over the financial soundness of South Korean retailers such as Lotte Mart and E-mart, as they are engaged in an intensifying price war to attract frugal consumers. Lotte Mart saw a 10 billion won...

Beam Suntory to expand, ‘greenify’ distillery

Sep 20, 2022 23:03 pm UTC| Nature Economy Business

Beam Suntory has invested $400 million to build a gas processing facility in its distillery in Boston, Kentucky, to boost its output by 50 percent while halving its greenhouse gas emissions. The company will build a...

PepsiCo, ADM collaborate to support regenerative agriculture

Sep 20, 2022 22:59 pm UTC| Nature Economy Business

ADM and PepsiCo have agreed to collaborate on regenerative agriculture across their shared North American supply chains to eliminate around 1.4 million metric tons of greenhouse gasses. The seven-and-a-half-year...

NY judge allows foie gras sales to continue while ban is challenged in court

Sep 20, 2022 22:54 pm UTC| Law Life Economy Business

The Supreme Court of New York has allowed foie gras to remain on fine dining menus and in city shops while farmers await a ruling on their challenge of New York Citys ban filed earlier this year. A judge issued a...

Chinese solar products boost presence in S. Korean market

Sep 20, 2022 22:48 pm UTC| Business Economy Nature

The proportion of locally-made parts dropped as Chinese-made parts increased in the South Korean solar power market in the last five years. The proportion of South Korean-made solar modules was at 68 percent as of June...

7-Eleven offers 2-for-1 deal of Japan’s most famous mochi ice cream

Sep 20, 2022 22:42 pm UTC| Life Economy Business

7-Eleven Japan will be selling two Yukimi Daifuku for the price of one until September 21st, 2022. Manufactured by Lotte, Yukimi Daifuku is the most famous brand of mochi ice cream in Japan. It has an exterior layer...

LG H&H to discontinue its wet wipes business after recall due to hazardous material

Sep 20, 2022 09:54 am UTC| Business Economy

LG HH announced it would shut down its wet wipes business after it was penalized by the countrys Ministry of Food and Drug Safety. The South Korean consumer goods company is closing the said unit by the end of this...