South Korea's inflation stayed over 3 percent for the second consecutive month in March on record prices of fruits and rising global oil prices, data showed Tuesday. Consumer prices, a key gauge of inflation, rose 3.1 percent on-year last month, following a 3.2 percent increase the previous month, according to the data from Statistics Korea. In January, inflation fell below 3 percent for the first time since July 2023, but high prices of fruits, farm produce and energy have caused inflation

SEOUL, South Korea, April 1, 2024 /PRNewswire/ -- Renowned for its iconic White Truffle First Spray Serum, premium vegan brand d'Alba is experiencing remarkable growth in the international market, and there seems to be no slowing down. d'Alba's Amazon best-sellers In the first quarter of this year alone, d'Alba successfully penetrated five major European countries, including Germany, France, Spain, Italy, and Poland. Now, the brand is gearing up to expand its footprint furthe

Hanwha Ocean announced Monday that Philippe Levy, the former president of SBM Offshore Americas, will take the helm of its Offshore Business division. Levy brings 25 years of industry experience, notably with SBM Offshore, a Dutch-based oil and gas company. Additionally, he has served as an executive adviser for the state-run China National Offshore Oil Corporation in Guyana. In this role, Levy provided guidance on projects related to floating production storage and offloading and liquefied natu

The global rise in popularity of K-beauty brands has brought attention to Kolmar Korea, a leading cosmetics original design manufacturer that has secured a whopping 70 percent market share in the sun care sector alone here. According to the company Sunday, its “Fitting SPF Boosting” technology has been integrated into multiple sun care items sold at home and abroad. More recently, the products are selling hot in the US through major distribution channels, including Amazon. The Fittin

South Korea's consumer prices increase is estimated to stay above 3 percent for the second month in March on energy price and foreign exchange variables, market reports showed Sunday. The country's March inflation outlooks estimated by eight securities firms, including NH Investment & Securities, Kyobo Securities, Meritz Securities and DB Financial Investment, averaged at 3.2 percent. In January, inflation fell below 3 percent for the first time since July 2023, when the figure cam

South Korean environmental and energy solution provider City Oil Field, said Friday it signed a contract to supply decomposition oil derived from waste plastic to Vietnam’s Nam Anh Joint Stock Company. City Oil Field CEO Jeong Yeong-hun and Nam Anh JSC CEO Van Vien Thong signed the purchase agreement at the Vietnam firm’s headquarters in Ho Chi Minh, Thursday. Under the contract, City Oil Field will supply plastic waste derived oil including naphtha produced from its facilities in So

Lee Jae-myung has said and done many shocking things, so nothing is surprising anymore. But the fact that the leader of the main opposition party cares so little about what is happening around the world perturbed many South Koreans this week. During a stump speech in Dangjin, South Chungcheong Province, on March 22, Lee said the Chinese aren’t buying South Korean products because they don’t like Korea. “Why does (the Yoon Suk Yeol administration) harass China? Just say ‘x

BEIJING, March 28, 2024 /PRNewswire/ -- Jereh made waves at the 24th China International Petroleum & Petrochemical Technology and Equipment Exhibition (cippe2024) in Beijing with their showcase of cutting-edge innovations under the theme "Low Carbon Tech Smart Exploitation Solutions." Spanning a vast 1500 square meter exhibition space, Jereh exhibited high-end equipment and solutions across sectors like oil, natural gas, environmental protection, marine engineering, etc. Alongsid

MUSCAT, Oman, March 28, 2024 /PRNewswire/ -- In line with the national directive to boost Oman's economic development and attract international investors, Oman Investment Authority (OIA) has launched the 'Future Fund Oman' with a robust capital of $5.2 billion. OMAN INVESTMENT AUTHORITY LAUNCHES $5.2 BILLION “FUTURE FUND OMAN” TO FUND NATIONAL INVESTMENT PROJECTS, ATTRACT FDIAND SUPPORT SMES   Designated for deployment over the next five years at a rate of approximately

Find the answer at the bottom. Retro has become the latest dessert fad in South Korea. Dubbed “halmaenial,” the trend has seen millennials embrace the tastes and preferences traditionally associated with their grandparents' generation. Halmaenial is a portmanteau of "halmae," the Korean word for granny, and "millennial." Enjoying renewed popularity are traditional Korean snacks yanggaeng, yakgwa and yugwa. Recently, yanggaeng, or sweet red bean jelly, has s

BEIJING, March 27, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has recently filed the 2023 Annual Report and disclosed the group's operating revenue in accordance with International Financial Reporting Standards (IFRS), hitting 3.21 trillion yuan (USD 444.66 billion) with operation earnings of 86.828 billion yuan (USD 12.03 billion), a 14.5 percent growth year-on-year; profit attributable to shareholders amounted to 58.31 billion yuan (

South Korea and the United States have launched a task force to effectively block North Korea from financing its unlawful nuclear and missile programs, the foreign ministry said Wednesday. The inaugural meeting of the South Korea-US bilateral Enhanced Disruption Task Force was held in Washington, D.C., on Tuesday with over 30 officials in areas of diplomacy, intelligence, sanctions and maritime interdiction, according to the ministry. During the meeting, the two sides discussed ways to counter i

Lee Kye-in, formerly president of Posco International, took office as CEO of the company, having been appointed to his new position during a board meeting at the company’s headquarters in Incheon on Monday. In his inaugural speech, Lee said, "As CEO of Posco Group's second-largest company, as well as a leading trading company, I will fulfill my responsibilities" to align with the company's new vision, "materials opening the future, innovation for the top class,&quo

Hyundai Motor Group said Monday that it has joined hands with Red Sea Global to implement eco-friendly future mobility to Saudi Arabia’s development project to open luxurious and pro-nature tourism resorts along the west coast of the Middle Eastern country. According to the announcement, the representatives of the Korean automaker and the Saudi Arabian megaproject signed a memorandum of understanding in Riyadh on Sunday. Red Sea Global, which is entirely owned by the Public Investment Fund

- CNOOC Limited Announced Its 2023 Annual Results HONG KONG, March 21, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announced today its 2023 annual results for the year ended December 31, 2023. Accelerating reserves and production growth, new records are set Improving quality and efficiency, effective cost control and strong profit continues  In 2023, despite the slowdown in global e