Day: August 3, 2022

SEOUL– Samsung Engineering Co. and five other South Korean companies have teamed up with Malaysia’s state energy company Petroliam Nasional Berhad to work on a project to capture, transport and store carbon dioxide, an emerging technology for emission…

SEOUL– Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States fell 11 percent last month from a year earlier amid the prolonged global chip shortage.Hyundai, its independent Genesis brand, and Kia sold 1…

SEOUL– SD Biosensor Inc. on Wednesday reported its second-quarter net income of 338.6 billion won (US$258.4 million), up 18.1 percent from a year earlier.The company said in a regulatory filing that it posted 348.1 billion won in operating profit for …

SEJONG– South Korea’s antitrust regulator said Wednesday it has decided to levy a combined fine of 5.33 billion won (US$4.1 million) on nine manufacturers of liquid carbon dioxide for price fixing.Deokyang Co. and eight other companies colluded to fix…

SEOUL– GS Retail, the operator of GS25 convenience stores, said Wednesday exports of its craft beer products surged over 18 times between 2019 and the first half of 2022 amid a global craft beer boom.GS said its total exports of craft beer reached US$…

SEOUL– Lotte Chilsung Co., the beverage unit of Lotte Group, said Wednesday the combined exports of its flavored soju Soonhari reached 41.9 billion won (US$32 million) between 2016 and 2021.During the period, Lotte Chilsung said it shipped Soonhari, w…

SEOUL– Prime Minister Han Duck-soo said Wednesday that the government will remove “unnecessary regulations” to develop the food industry into a driver of growth.Han made the remarks as he visited the national food cluster in Iksan, 246 kilometers sout…