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• GS Inima gears up for seawater desalination project in Oman

  A 2.4 trillion won ($1.86 billion) seawater desalination project in Oman overseen by GS Engineering & Construction subsidiary GS Inima has kicked off, officials said Monday. GS Engineering & Construction has signed financing documents for GS Inima’s project to build a Barka 5 Independent Water Plant in Oman, a deal reached with Oman Power & Water Procurement Co. in 2020, the company said. Of th...

• [Best Brand] The IB Korea introduces new cocktail products

  ...ter recently began sales of mini cocktails named BuzzBallz. On the back of strong sales of Uptown products, the IB Korea is planning on importing the Uptown Blue Hawaiian, which garnered much attention at a tasting event, and preorders have begun for retailers. Uptown cocktails are currently sold at large retailers such as, E-mart, GS Supermarket, GS25 and Mega Mart. ( khnews@heraldcorp.com )

• [Best Brand] Samsung C&T enters SMR, eco-friendly energy biz

  ... January, Samsung C&T and Posco signed an agreement with Saudi Arabia’s sovereign wealth fund on green hydrogen production. In February, Samsung C&T and five other Korean companies including Posco, GS Energy and Korea National Oil Corp. inked a deal to jointly promote clean energy businesses, starting with the construction of a clean energy storage and supply facility in the East Sea area. Samsu...

• LG Electronics makes foray into EV charging market

  ...g the sector one of its key growth drivers for its next big leap. As part of the big push, the firm said it has acquired a 60 percent stake in AppleMango, a local battery maker, in partnership with GS Energy and GS Neotek that took over 34 percent and 6 percent in the company, respectively. Following the deal, AppleMango has become a subsidiary of LG Electronics. Through the new subsidiary, the tech giant wi...

• GS Group unveils sustainability goals in its first ESG report

  South Korea’s energy-to-retail conglomerate GS Group said Wednesday that it has published its first environmental, social and governance report which contains three key execution plans under a slogan...t and water contamination emissions in its report. Until now, the group’s major affiliates such as GS Caltex, GS Retail and GS E&C have published their own ESG reports where they detailed their respec...

• Rising ‘lunchflation’ drives Korean workers to look for cheaper options

  ...with Jongga, a well-known kimchi brand in the country, 7-Eleven offers Jongga yeolmu (young radish) bibim noodles at 4,000 won and Jongga yeolmu bibimbap at 4,800 won. The bestselling meals sold by GS25 are bulgogi with rice and the sausage and vegetables meal box, each priced at 3,900 won. Emart 24’s most popular lunch boxes are pork cutlet curry with rice and chicken mayo rice, which are sold f...

• Food packages get smaller for customers weary of inflation

  ...sed,” the official said, citing that vegetable sales at its store chains in May have surged on-year by 25.1 percent and 17.3 percent in single-person households and family households, respectively. GS25 has announced it will sell products from Real Price, a discount-focused brand working under the GS Supermarket umbrella. The list includes low-priced home supplies like kitchen towels, cleaning gloves, zip bags, toilet paper and facial tissues. The price of Real Price’s products is 70 - 80 perce...

• HONOR Announces Latest Sustainability Progress, Launches New HONOR Magic Moments 'Earth View in the Mirror' Monthly Challenge

  ...ssion by 35 tons per 10 million units. In addition, Forest Stewardship Council-certified packaging boxes are used to contain products including the HONOR Magic Series smartphones and the HONOR Watch GS3, which help to conserve a forest area of approximately 122 hectares a year. Since 2021, HONOR has been working on designing simpler and more robust packaging solution for laptops. Currently, HONOR...

• Companies join forces for Busan’s World Expo bid

  ...cutives of 11 conglomerates are joining to add weight to the bid from South Korea’s second-largest city. The 11 businesses include: Samsung Electronics, Hyundai Motor, SK, LG, Lotte, Posco, Hanwha, GS, Hyundai Heavy Industries, Shinsegae and CJ. The KCCI said the final list could be extended in the coming weeks. A presidential committee is also expected to be launched soon, and the SK chief will...

• Three-way race set for Korea's flying car commercialization

  ...n experience as its biggest asset, top Korean IT firm Kakao Group’s taxi-hailing service division Kakao Mobility has also stepped into the UAM business. By forming a consortium comprising LG Uplus, GS Caltex, domestic drone solutions company Pablo Air, low-cost carrier Jeju Air and British UAM manufacturer Vertical Aerospace, it has recently announced that it will use GS Caltex’ network of gas stations to secure locations for the “vertiports” to launch vehicles. Though not considered among the top three, Lotte Group has also formed its own consortium with Chicago-b...