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Posco unveils vision for W100tr sales by 2030

Posco Group on Thursday unveiled a new vision titled "Better World with Green Steel" to aggressively ramp up its global steel competitiveness, while upholding environmental, social and corporate governance values. During a ceremony held to announce Posco's vision at the group's headquarters, attended by some 250 executives and employees, Posco said it aims to post total sales of 100 trillion won (. ....

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Pressure mounts on milk producers to cut prices

The Ministry of Agriculture, Food and Rural Affairs recently met with South Korean dairy companies in a bid to increase the pressure on them to minimize price hikes for milk, according to Food Ministry Wednesday. According to a Food Ministry spokesperson, the Food Ministry asked Korean dairy companies during a closed-door meeting to minimize price hikes for milk that are expected to take place amid a forthcoming surg. ....

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NHN Commerce acquires Italian luxury fashion retailer

NHN Commerce, the retail unit of South Korean information technology company NHN Corp., said Tuesday it acquired a controlling stake in Italian luxury fashion brand retailer Ikonic, in a bid to further extend its reach into the global stage. NHN Commerce now holds a 77.8 percent stake in Ikonic an Italian multi-brand fashion platform retailing over 250 brands in the global market. Terms of the deal were not disclo. ....

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Travel demand to Hong Kong struggles amid anti-China sentiment

Travel demand to Hong Kong remains weak among South Korean travelers, data showed Sunday, with a report suggesting anti-China sentiment is still prevailing. A total of 591,998 passengers used the air routes between Korea and Hong Kong from January to May, according to data from the Ministry of Land, Infrastructure and Transport. The number is only 35.3 percent of the passengers recorded in the same period four years . ....

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50 Asian nations gather to tackle water scarcity at convention

More than 200 representatives from 50 Asian nations, including government officials, industry stakeholders and academics, have gathered in South Korea this week to share their visions on future solutions to water scarcity in the region. The Korea Water Resources Corp., also known as K-water, is hosting the three-day general meeting of the Asia Water Council that kicked off Wednesday at a convention center in Hwaseong. ....

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