Search results for Gochang
Industry
Baemin Bmart direct purchases of domestic farm products up 53 percent in Jan-May, to expand this year
Baemin’s quick commerce platform is expanding its role as a sales channel for regional farms, Woowa Brothers said. Sales of domestically sourced farm and livestock products bought directly from producing areas through Baemin Bmart rose 53 percent in January to May from a year earlier, outpacing last year’s full-year growth rate of 21 percent. Fruit sales led gains, with strong increases for strawberries, melons, watermelons and blueberries.
Finance
Fintech hot issue: Financial markets sway on high oil prices and weak won; refinancing loan war breaks out
Financial market jitters in South Korea are growing as the Middle East war drags on, pushing oil prices higher and strengthening the dollar. The won has risen above 1,500 per dollar, near the highest level in about 17 years, while foreign outflows add to volatility in the KOSPI. Separately, banks, internet-only lenders and fintech platforms are intensifying competition for sole proprietor refinancing loans as infrastructure opens up.
Finance
Woori Financial to raise 500 billion won regional infrastructure fund, invest in Haenam solar and Gochang offshore wind
Woori Financial Group said on Monday it will set up a 500 billion won regional development infrastructure fund to expand investment in renewable energy and national strategic infrastructure. It plans to invest more than 70 percent of the fund’s assets in infrastructure for balanced regional growth and link the fund with the National Growth Fund. Key targets include the Haenam 400 MW solar project and the Gochang 76.2 MW offshore wind project.
