At a Tesco Extra on the 5th (local time), located on the outskirts of London, products labeled Shiitake Mushrooms and Oyster Mushrooms were prominently displayed in the vegetable section. The mushrooms looked similar to those sold in Korea and had the same distinct flavors.
Bereum announced on the 28th that it had signed an additional export contract worth €2.1 million (KRW 2.94 billion) with Vitamed for three years through an overseas sales partnership with Hyundai Corporation.
There is an old saying that goes, “Time changes everything.” Three decades are long enough to completely change a man. Do you think that foreigners who have spent thirty years working for a Korean trading company are similar to Koreans in nature?
Hyundai Corporation will support Korean marine pollution control equipment startup KOAI with market expansion overseas. The partnership kicked off in Singapore, where KOAI’s oil spill response robot and related technology were demonstrated.
This is what Hyundai Corporation Group Chairman Chung Mong-hyuk says time and again when he meets with employees. He is a self-proclaimed and widely-acknowledged “health evangelist” in the business world. He has stressed the importance of employee health management, saying,
Every year when the weather gets hot and humid, a dessert becomes the talk of the town: mango bingsu, or shaved ice with mango. Every summer, attention is drawn to price hikes in hotels and other dessert houses.
The Hyundai Corporation Group (chairman: Chung Mong-hyuck) announced on March 19, that, together with Bereum, a Korean postbiotics producer, it has signed a contract with NURA, a US food ingredient distributor, to export postbiotics to the US. The three-year deal is valued at USD 10 million (KRW 13 billion) in terms of minimum order quantity (MOQ).
This year, Hyundai Corporation plans to expand its business size via M&As. Last year, it posted an operating income of about KRW 100 billion, the largest figure since it was spun off from the HD Hyundai Group in 2016. A series of strong performances enabled HC to secure a wealth of cash and make bold business decisions. If an M&A deal is signed, the deal will become HC’s first M&A.
Korean credit rating agencies have improved their ratings for Hyundai Corporation. Given its stable business profitability and favorable financial stability, the outlook for next year is also assessed as stable.
There is a Generation MZer (Millennial + Gen Z) who is heading an overseas subsidiary at the age of 34. It is Sa-Gong Hyuk who is working for Hyundai Corporation, a general trading company. He took an idea that he came up with at the headquarters in Korea and brought it to fruition in Australia, ultimately elevating him to the leadership position. We listened to the story of Sa-Gong Hyuk, who has proved that age has nothing to do with rank.