Search Results for: Korean

Japan’s confectionery manufacturers have a reputation for being creative when it comes to new product lines, and when it comes to bubble gum and chewing gums, companies will need all the innovation they can manage. Domestic sales in the segment have been falling sharply.…

THE SOUTH Korean men’s toiletries market in 2014 grew to a value of USD221.81 million and a volume of 28.25 million units. New data from market research provider Canadean Ltd shows 2014 year-on-year increases in value of 6.9% and volume of 5.6%.…

DAYS before the beginning of the year, when Cambodia increased the minimum wage to US$128 per month, hundreds of employees of a South Korean-owned garment factory rallied in front of Seoul’s embassy, calling for an intervention in their dispute with factory management.…

Roaming fees, net neutrality and radio spectrum are set to be the main regulatory issues related to M2M (machine-to-machine) and IoT (Internet of Things) discussed by European Union (EU) member states in 2015, say Brussels sources.

The new European Commission, which took office on November 1, inherited a full in-tray from its predecessor, notably having to pilot the ‘connected continent’ package through the EU Council of Ministers and the European Parliament.…

THE SOUTH Korean cosmetics sector is hoping that a new bilateral free trade agreement (FTA) struck between its country and China in November will ease sales of their products into the world’s largest market.

This is despite the fact that the deal did not make much headway in reducing Chinese duties, given the FTA leaves cosmetics in a ‘hyper-sensitive goods’ category for Beijing.…

THE MANILA-based Asian Development Bank (ADB) has urged Cambodia to upgrade its manufacturing sector, including by developing textile production and finishing, to successfully transition from a low-income to a middle-income country, according to the bank’s November report.

In its ‘Cambodia: Diversifying beyond garments and tourism – country diagnostic study’, the bank noted the key challenge in the survival of the country’s garment sector was the country’s focus on low-value, labour-intensive cut-make-trim activities.…

US meat exporters are to launch inexpensive cuts of American corn-fed beef in the Taiwanese market, with demand for premium products being depressed by soaring prices for American beef, accompanied by lacklustre consumer spending power on the island. The US Meat Export Federation (USMEF) recently partnered with a Taipei five-star hotel to promote plate fingers, petite tenders, and clod hearts, which with prices between Taiwan New Dollars TWD250 (USD7.91) to TWD550 (USD17.41) per kilogramme would roughly cost half the price of the currently popular rib eye, fillet, and boneless ribs.…

Russia’s annexation of Crimea and the continuing conflict in the east of Ukraine overshadowed international events last year. But Russia’s cosmetics industry has proved resilient and even maintained ties with Ukraine.

Despite the concerns and challenges, the forecasts for the calendar year 2014 are buoyant.…

CHINA’S huge cosmetics market remains a battleground for the world’s multinational personal care product players and they are still more than holding their own against local manufacturers and brands, especially in higher end segments.

The country’s overall cosmetics and personal care product market was worth Chinese Yuan Renminbi CNY274 billion (USD44 billion) in 2013, according to data provided by market analysts Euromonitor International.…

THE RESPONSIBILITIES of Singapore accountants to report suspicions that their clients maybe involved in money laundering or terrorist finance have become tougher since November 1. New guidelines released by the Institute of Singapore Chartered Accountants (ISCA) have strengthened requirements for accounting firms to establish anti-money laundering (AML) and combating the financing of terrorism (CFT) controls.…