Korea Archives - BW Retail World

Lotte Wellfood Eyes India Growth, Invests Rs 200 Cr In New Pepero Factory

by BW Retail World Bureau
February 1, 2024

Lotte Wellfood, a Korea-based FMCG firm, will establish a new manufacturing plant in Haryana to produce its product Lotte Pepero, the company announced in a press release on Wednesday. The FMCG major stated that it has set up more than Rs 200 crore for the establishment of this new production plant. “This investment aims to […]

Brands Companies FMCG Food National News

Korean Noodle Wave Hits India, FMCGs Adapt To Spicy New Trend

by BW Retail World Bureau
January 24, 2024

Spicy ramen from South Korea is rapidly gaining popularity in India, surpassing the appeal of instant noodles. Following the success of South Korean dramas, beauty products, cars and electronics in the Indian market, Korean noodles have become the latest trend, evolving from a pandemic-induced fad into a lasting phenomenon. Recognising this shift, Indian fast-moving consumer […]

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Hyundai Motor To Boost EV Sales To 2 Mn Units By 2030

by BW Retail World Bureau
June 21, 2023

Hyundai Motor Company aims to boost its annual electric vehicle sales to 2 million units by 2030, against its earlier target of 1.87 million, in line with rising global demands. Considering that the proportion of global EV production is set to increase from 8 per cent this year to 34 per cent in 2030, the […]