Economy
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CJ Logistics to build inland container depot in Ukraine's northwestern region
SEOUL -- South Korea's major logistics company CJ Logistics has partnered with JJ Group, an investment firm in Ukraine, to build an inland container depot with a total capacity of five million tons of cargo in Ukraine's northwestern city of Lutsk. The facility will be used to supply food resources such as grain and cooking oil to Ukrainians. Inland container depots, also known as dry ports, are mainly located in industrial zones that connect ports and inland transportation such
18 September 2023
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HMM works with oil refiner GS Caltex to demonstrate bio fuel-based container ship
SEOUL -- HMM, the world's eighth-largest marine shipping company controlled by creditors in South Korea, will demonstrate the country's first biofuel-based container ship powered by GS Caltex, a main domestic oil refiner. After departing from South Korea's southern port city of Busan, HMM's ship will head to Brazil. Biofuel is produced using plant-based or animal-based oil such as cooking oil from fast food restaurants or palm oil. Biodiesel, one of the most widely reco
15 September 2023
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LG Chem partners with Italy's Eni SM to build hydrotreated vegetable oil plant
SEOUL -- LG Chem will work with Eni SM, a state-run energy company in Italy, to build a factory that produces hydrotreated vegetable oil, a bio-based fuel that can be made through the process of either hydrocracking or hydrogenation of vegetable oil. Because the eco-friendly fuel has an extremely low freezing point, it can be used as aviation fuels or raw materials in the petrochemical industry. Hydrocracking uses hydrogen to break down large molecules into smaller ones while hydrogene
14 September 2023
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Business forum held in Seoul to improve supply chain cooperation between S. Korea and China
SEOUL -- At a business forum designed to enhance supply chain infrastructure between South Korea and China, scholars from the two nations presented cooperation plans in various fields including semiconductors, secondary batteries, and biopharmaceuticals. The event, hosted by China Construction Bank, was attended by the Chinese Ambassador to South Korea. Data released by South Korea's trade ministry showed that a total of 126 companies returned home between 2014 and 2022 after expan
14 September 2023
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Pulmuone develops robot chef capable of cooking noodle menus
SEOUL -- South Korean food product maker Pulmuone has developed a vending machine that can cook refrigerated dishes in about 90 seconds. The robot chef can provide instant noodle dishes including noodle soup with beef and broth, and Jjambbong, a spicy seafood noodle soup with various ingredients such as onions and garlic. Pulmuone said in a statement that the instant food cooking machine called "Robot Chef" was developed. Currently, three types of noodle dishes are available
12 September 2023
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Megastore franchise seeks to attract customers with whisky gift sets for autumn harvest festival
SEOUL -- Emart, the megastore franchise wing of South Korea's retail giant Shinsegae, has prepared various whisky gift sets to attract customers who are looking for ideal autumn harvest festival gifts for their family members or loved ones. Chuseok, regarded as the largest traditional festival holiday of Koreans, is a three-day autumn harvest festival celebrated on August 15 of the lunar calendar. Normally, families would gather at the eldest member's home to share gifts and fo
11 September 2023
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S. Korea's main gateway gains highest level of customer service accreditation at global airport summit
SEOUL -- South Korea's main gateway in the western port city of Incheon has received the highest level of customer service accreditation at a global summit designed to evaluate airport operators' customer experience management capacity. This is the second time Incheon International Airport acquired the highest level in the accreditation program where 89 airports are involved. Customer experience refers to all activities experienced by airport visitors before they board the flig
7 September 2023
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Korean Air starts bio-aviation fuel demonstration with oil refiner GS Caltex
SEOUL -- Korean Air, South Korea's flag carrier, has started the demonstration of bio-aviation fuel provided by the country's major oil refiner GS Caltex. The first biofuel-based cargo flight took off from Incheon International Airport, South Korea's main gateway, and headed to Los Angeles. A total of six cargo flights will be tested for three months. Biofuel is produced using plant-based or animal-based oil such as cooking oil from fast food restaurants or palm oil. Biodie
6 September 2023
