Search results for Samlip
General News
NIFS says cause of Samlip Sihwa factory fire cannot be determined
South Korea’s National Forensic Service has concluded it is not possible to make a specific determination on what caused the fire that broke out in February at Samlip’s Sihwa factory. The agency said the blaze may have started inside the ceiling directly above an oven or from ignition in the oven’s exhaust piping, but severe burning, deformation, collapse and loss prevented a concrete finding. Police plan to review assessments by related agencies.
Industry
Food industry enters AGM season as commercial act response and new growth drivers come into focus
South Korea\'s food industry has entered the season for annual general meetings, with governance restructuring and securing future growth drivers emerging as key themes. With the revised Commercial Act set to take effect, companies are moving to amend articles of incorporation and adjust board structures, while also putting forward agenda items including reappointment of owner executives and succession-related appointments. Firms are also accelerating diversification and overseas expansion by adding new business purposes and reorganising operations.
Industry
Lotte Wellfood, Binggrae and Orion join price cuts as moves spread to snacks, ice cream and packaged bread
South Korean makers of confectionery, ice cream and packaged bread are cutting prices on some products as part of an effort to support the government’s price-stability drive. Lotte Wellfood, Haitai Confectionery and Orion will lower prices on 10 confectionery items by an average 2.9 to 5.6 percent. Lotte Wellfood and Binggrae will cut prices on eight ice cream products, while Lotte Wellfood and Samlip will lower prices on packaged bread.
