Could you give us a glimpse into Lotte Engineering and Construction’s (Lotte E&C) track record in development as well as its experience in high-end residential project construction? Jun Sung Ho Lotte Group is the fifth-largest conglomerate in South Korea, expanding its business and contribution to the economy with 107 affiliate companies. As a main member of Lotte Group, Lotte E&C is one of the top 10 general contractors in South Korea with annual revenue of $5.25 billion in 2018. Established in 1959, Lotte E&C has carried out many construction projects including building works, housing works, civil and infrastructure works, and plant works, among others. Also, as a developer and investor, Lotte E&C has initiated the luxury apartment brandname ‘Lotte Castle’ first in South Korea, and it is leading the luxury housing market by offering consistent high quality and customer’s satisfaction. In 2018, Lotte E&C distributed 20,794 apartment … [Read more...] about Lotte E&C creates high end hallmark
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Vietnam’s smartphones strive to gain foothold in global markets
A Vsmart smartphone of the VinSmart company (Photo: VinSmart) Hanoi (VNA) – Vietnamese mobile phone producers have begun efforts to make inroads into global markets when they have made debut several types of their products in other countries recently. The Bkav Corporation launched Bphone 3 and Bphone 3 Pro in Myanmar on July 4. Director General of Bkav Myanmar Le Quang Hiep said at the launch that they debut Bphone 3 in the country with a view to providing a high-end smartphone series that is comparable to their rivals’ products and sold at affordable prices. Shortly after the debut, the two smartphones have hit the shelves of nearly 100 stores across Myanmar at 499,000 MMK (331 USD) for Bphone 3 and 699,000 MMK for Bphone 3 Pro. Customer service will be provided at the same time with attractive data packages under the cooperation between Bkav and Mytel, a telecom service supplier invested by Vietnam’s Viettel group in Myanmar, Hiep said, voicing his belief that … [Read more...] about Vietnam’s smartphones strive to gain foothold in global markets
Closing time? Japan convenience stores pressed to end 24-7 model amid labor crunch
Franchise owners, some of whom were forced to work amid massive snowstorms or in the wake of a family death, have launched a campaign to persuade industry leader 7-Eleven to allow stores to close earlier. Although the debate has focused on their plight, it has also raised doubts over the future of a $100 billion industry that faces an ageing population, slow economic growth and new competitors such as Amazon Prime. "The question is, how much demand is there for 24-hour service in an age when online shopping is expanding?" said Takayuki Kurabayashi, a Nomura Research Institute partner who specialises in consulting for the retail industry. Japanese convenience stores began expanding in the 1970s as their 24-hour accessibility proved a perfect match with the country's dense population and late-night work culture. The brightly lit stores, which locals call "combini," are ubiquitous and an essential part of modern Japanese life, offering everything from neckties to packaged "bento" lunches … [Read more...] about Closing time? Japan convenience stores pressed to end 24-7 model amid labor crunch
Mum and baby market gains breadth and depth
The mum and baby market is now a swirl of colours and cute designs, with far better quality In a mum and baby supermarket in Hanoi’s Ba Dinh district, eight months pregnant Dao Thanh Tu, was picking her way through the thousands of items for mothers and babies to find the very best to welcome her baby next month. Overwhelmed by the kaleidoscope of colours and designs of imported goods, Tu told VIR, “There has been far more choice in the market than when I gave birth to my first child in 2010. With all of these cute items, I just can’t decide.” Back in 2010, there were far fewer supermarkets, and mums and pregnant women like Tu could only choose from a handful of private retail stores, where the products were not so plentiful and the quality was not so high. Over the last several years, the appearance and development of large-scale mum and baby retailers have changed the face of the market. Currently, it is very easy to find a mum and baby supermarket offering … [Read more...] about Mum and baby market gains breadth and depth
BUSINESS NEWS IN BRIEF 23/11
Bamboo Airways and Petrolimex’s subsidiaries sign MoU Bamboo Airways Company Limited, a member of FLC Group, signed a memorandum of understanding (MoU) for co-operation with the Petrolimex Insurance Company (PJICO) and Petrolimex Aviation Fuel Joint Stock Company. The MoU was signed last week in the central province of Thanh Hoa. Under the terms, Bamboo Airways would give priority to use non-life insurance products of PJICO such as airplane insurance, airline liability insurance, machinery insurance and others as well as aviation fuel of Petrolimex. Meanwhile, the two subsidiaries of Petrolimex would give priorities to use airlines services of Bamboo. Speaking at the signing ceremony, Pham Van Thanh, Petrolimex’s chairman, said Petrolimex has been a member of the Joint Inspection Group (JIG), the world-leading organisation for the development of aviation fuel supply standards. "We committed to provide preferential to Bamboo Airways in its earlier … [Read more...] about BUSINESS NEWS IN BRIEF 23/11