Tobacco manufacturer and distributor KT&G announced on Tuesday that it has added a new low-tar product, Bohem Cigar Mojito 1mg, to its Bohem Cigar Mojito line that is popular among young smokers. Bohem Cigar Mojito 1mg, which will go on sale on June 1, contains 1mg of tar and 0.1 mg of nicotine, and is priced at 2,500 won ($2.10) per pack. The new product aims to attract fans of the mojito-flavored cigarettes who had been discouraged by Cigar Mojito’s heavy concentration of tar which is as high

POSCO announced Tuesday that it has completed its first steel manufacturing plant in India, further strengthening its manufacturing capability in overseas markets. The steelmaker said that its three global steel production mills in Mexico, China and now India will pave the way for POSCO to make inroads into the fast-growing emerging markets.  The new plant, located within the Vile Bhagad Industrial Complex in Maharashtra Province, west India, will produce 450,000 tons of hot galvanized steel pla

GS Engineering and Construction Corp. has became the sole company to sign a $500 million contact with Singapore Ministry of Health to build three additional hospital wards in the outskirts of Jurong, Singapore. The order is the company’s second and largest project in Singapore, following its construction project for Fusionopolis, a research and development complex, in 2011. The country’s leading construction company said that the expected construction period is 32 months. Slated to open in early

BUSAN ― Hyundai Motor Co. introduced five models, including its new Avante Coupe, in the Busan International Motor Show that opened on Thursday, along with an array of automobiles and IT-combined technologies to compete with foreign automakers.Based on the previous four-door Avante model, Avante Coupe will enter the local market in the second half of the year, Hyundai officials said. Embracing the slogan “Motor Show that Satisfies the Customers’ Emotions,” Hyundai president Kim Choong-ho said th

The Busan International Motor Show 2012 will kick off on Thursday at BEXCO in Busan, and will feature global green car technologies, organizers said. While chief executives of global carmakers are scheduled to hold a series of press conferences Thursday, the auto fair will be open to the public for 10 days starting Friday. This year’s fair is expected to be 62 percent larger compared to the previous show in 2010 and be the largest ever. The event will feature a group of futuristic, eco-friendly

Hyundai Motor Co. and the Chung Mong-koo Foundation signed an agreement on Tuesday to create 1,500 jobs for youth by fostering a young businesspersons’ establishment of social enterprises.To attain the goal, the two sides agreed to foster 150 social enterprises for the coming five years, foundation officials said. The automaker and its foundation said the agreement was their long-term solution to bringing down the unemployment rate among young adults and promote social entrepreneurship in Korea.

Siemens Korea has been active in competing with foreign and domestic rivals over subcontracts of global conglomerates’ large-scale plants to be built in the Middle East, India and China. With conglomerates’ aggressive expansion overseas, the Middle East, India and China have become huge markets, sparking seemingly endless demand for subcontracts of constructing plants and factories. Un Min-su, vice president and head of industry sector of Siemens Korea, was careful but confident about sharing th

General Motors Korea has launched an early retirement program to restructure its upper pool of managers and higher officials. A spokesman for the automaker told The Korea Herald that the program includes pre-payment of two year’s salary, adding that the estimated number of retirees remains unknown. The program, which started last Friday, will serve to renew the group, he said.  The spokesman also said, “We are giving them (program candidates) an opportunity to choose. And the program will be a n

Villa Zolitude Resort and Spa famous for ‘privacy and seclusion’City newlyweds these days seem to view their honeymoon as a cross between an escape from work and a romantic getaway. So pool villa resorts in Phuket have become one of the latest trends for Asian honeymooners.The number of villas with bedrooms, a living room and a private pool has been increasing, with a surge in honeymooners from around the world. The main slogan for the pool villas is “privacy and seclusion.” “Honeymoon reservat

GS Group chairman Huh Chang-soo stressed the importance of workplace innovation at a group forum Wednesday, describing it as the conglomerate’s future growth engine.Huh said innovative efforts outside the office would be the key to the group’s development in the future. The GS Value Creation Forum was organized by the group to share the success stories of innovation among workers and executives at its affiliates.Huh also stressed the importance of the group’s human resources, saying they were se