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Six types of "ESSE", No.1 global superslim brand, products to be launched in Lotte Duty Free Tokyo Ginza Store, reinforcing global brand position Duty-free operations expand to Japan, further global expansion planned SEOUL, South Korea, April 4, 2025 /PRNewswire/ -- KT&G (KRX: 033780) launched its brand "ESSE" in Lotte Duty Free Tokyo Ginza Store, expanding its global duty-free portfolio. KT&G signed a contract with Lotte Duty Free Tokyo Ginza Store to launch its flagship brand ESSE. Starting 21st of March, the store offers 6 types of products including "ESSE Change, ESSE Change Himalaya, ESSE Double Shot, and ESSE Blue." The Lotte Duty Free Tokyo Ginza Store, which opened in 2016, is one of Tokyo's largest downtown duty-free shops that stocks over 200 brands ranging across alcohol, cosmetics, and other assorted items. KT&G expects the launch to become on opportunity to offer ESSE products to global consumers in Tokyo, a global traveling hub, and reinforce its position as a global brand. The company also plans to continuously expand its global duty-free operations through product launches in major duty-free stores in global locations following the downtown Tokyo duty-free launch. KT&G previously launched various brands in the domestic Japanese market including the new product BLACKJACK SUPASAWA and BOHEM, and is currently reinforcing the local distribution network centered around Tokyo and Osaka regions. KT&G sustains its growth in the market, with export volumes growing by approximately 25% YoY in 2024. KT&G is a notable Korean company with a number one position in the Korean electronic cigarette NGP (Next Generation Products), health functional foods, and combustible cigarette markets. KT&G is also a global company selling 870 brands in 148 countries as of 2024. A KT&G spokesperson commented that "this downtown duty-free shop launch will be a good opportunity for global consumers visiting Japan to find KT&G products not only at airports but also at downtown duty-free shops," further stating that "KT&G plans to launch its products in duty-free stores across the globe, reinforcing its global market competitiveness."
SEOUL, South Korea, April 4, 2025 /PRNewswire/ -- WireBarley has strengthened its service reliability by obtaining global compliance audits. WireBarley, a cross-border payment solution provider, has successfully completed both the SOC 1 compliance audit for global internal control over financial reporting and the SOC 2 compliance audit for information security. System and Organization Controls (SOC) is a framework established by the American Institute of Certified Public Accountants (AICPA) to evaluate and certify the internal controls of service providers. Financial and IT service companies obtain a SOC report under these frameworks to demonstrate their credibility and security at an international level. SOC 1 assesses the adequacy of internal controls related to financial reporting, while SOC 2 assesses the information security management system of a company's services. SOC 2 consists of five key principles: Security, Availability, Processing Integrity, Confidentiality, and Privacy, with WireBarley completing the compliance audit with Security and Availability. Each SOC report is classified into two types: Type 1, which evaluates whether internal controls are properly designed, and Type 2, which assesses whether these controls operate effectively over a period of time. WireBarley previously obtained SOC 1 Type 1 and Type 2 reports, followed by the SOC 2 Type 1 report in 2024. In February of this year, the company achieved the final SOC 2 Type 2 report. The SOC 1 and SOC 2 audits for WireBarley were conducted by KPMG Samjong Accounting Corp. as an independent auditor. Joongwon John Yoo, CEO of WireBarley, stated, "This achievement of the SOC reports is a significant milestone that demonstrates WireBarley, in collaboration with over 50 global partners, is establishing itself as a reliable service in the global finance and fintech industry. We will continue strengthening our security and compliance efforts to ensure our customers and partners can use our services with confidence." Notably, SOC 2 reports require systematic security controls, which is why these reports have primarily been obtained by large IT companies. WireBarley, as a fintech startup, receiving the reports is a meaningful achievement, as it signifies official recognition of the company's global-level security and internal control capabilities. Additionally, WireBarley has maintained the Payment Card Industry Data Security Standard (PCI-DSS) certification for three consecutive years, demonstrating its top-tier global security capabilities in protecting card payment data. The company also operates a Compliance Committee comprising compliance professionals from all the countries where it provides services, ensuring adherence to local regulations. WireBarley currently offers individual and business remittance services in seven sending countries and regions, including South Korea, the United States, Canada, Australia, New Zealand, Hong Kong SAR, and Vietnam, with transfers available to 46 countries worldwide. WireBarley Corp.Founded in 2016, WireBarley Corp. has rapidly expanded, establishing a strong presence across the Asia-Pacific region. As the first Korean overseas remittance company to enter the U.S. and Canadian markets, WireBarley continues to solidify its position as a global fintech leader. Headquartered in South Korea, WireBarley operates multiple subsidiaries worldwide, including in Australia, New Zealand, Singapore, Hong Kong SAR, and the U.S. WireBarley's FX and corporate treasury center in Hong Kong, which is one of the largest FX trading hubs in the world, plays a crucial role in enabling effective FX management and strong compliance practicality and formulating strategic partnerships with critical banks and payment player. With 7 outbound and 46 inbound countries, WireBarley currently facilitates over 520 remittance corridors and serves 1 million customers, with its mobile app reaching 2 million downloads. Expanding beyond remittances, the company has integrated B2B remittance platform, e-wallet services, and multi-currency cards, aiming to transform into a comprehensive global payment platform and establish itself as Asia's foremost remittance provider.www.wirebarley.com
Expands Global Reach with Official Amazon Launches Across Europe, the Middle East, and Australia Flagship Products – Heartleaf Pore Control Cleansing Oil, Heartleaf Toner, and Niacinamide 10 + TXA 4 Serum – Top Their Amazon Categories SEOUL, South Korea, April 4, 2025 /PRNewswire/ -- The Founders, Inc., a global brand-building company, announced that its skincare brand Anua has officially launched on Amazon in Europe, the Middle East, and Australia, marking a significant step in its global expansion and reinforcing its position as a leading player in the fast-growing K-beauty market. After achieving strong performance and growing brand recognition on Amazon US and Japan, Anua is building on that momentum with recent launches in the UK (January), Dubai (February), and now Germany and Australia. In addition to its success online, Anua is also available in leading brick-and-mortar retailers such as Ulta Beauty (US) and Boots (UK), further expanding its presence across key global markets. Through these official Amazon launches, Anua also aims to provide authentic products directly to customers, minimize confusion caused by unauthorized listings, and foster stronger trust in global markets. Since entering these new markets, Anua's signature products—Heartleaf Pore Control Cleansing Oil, Heartleaf 77 Soothing Toner, and Niacinamide 10 + TXA 4 Serum—have quickly climbed to the top of their respective categories, receiving an enthusiastic response from global consumers. In the UAE, the Cleansing Oil, Rice Enzyme Cleansing Powder and TXA Serum have claimed the top spot in their categories. The success of Ramadan and Spring Sale campaigns has further fueled Anua's momentum, with additional products poised to become category bestsellers across the region. A spokesperson from Anua commented, "This expansion marks a major milestone in our mission to become the number one global skincare brand representing K-beauty," and added, "We're committed to introducing new product lines, launching engaging promotions, and connecting with more customers worldwide through innovative products and thoughtful service." Since its launch in 2019, Anua has seen rapid growth—achieving over 200% year-on-year growth—and solidifying its place on the global skincare stage. The brand officially entered the US market in 2022, and in July 2023, saw a 537% sales increase during Amazon Prime Day. On Black Friday, Anua saw an 800% surge in daily sales, further establishing itself as a K-beauty frontrunner. Anua Launches on Amazon in Europe, the Middle East, and Australia Brand OverviewGlobal Beauty Brand AnuaFounded in 2019, Anua is a skincare brand that carefully selects the most effective naturally derived and dermatological ingredients, offering a diverse range of products tailored to various skin concerns. Bestsellers include the Heartleaf 77 Soothing Toner, Heartleaf Pore Control Cleansing Oil, and Heartleaf 77 Clear Pad. The brand has seen impressive growth across major global platforms such as Amazon and eBay Japan, solidifying its status as one of K-beauty's leading skincare brands.
BEIJING, April 3, 2025 /PRNewswire/ -- A report from People's Daily: U.S. carmaker Tesla's new Megafactory in Shanghai, a sprawling 200,000-square-meter facility, launched production this February, marking a significant milestone in China-U.S. investment cooperation. Built in just over eight months, the factory is set to produce 10,000 energy storage battery units annually, adding roughly 40 gigawatt-hours of storage capacity. The project, expected to boost Tesla's global energy storage output by over 50 percent from last year, highlights what some see as a model of the synergistic "Shanghai speed" meeting "Tesla speed." Since the establishment of diplomatic ties in 1979, two-way investment between China and the U.S. has grown exponentially - from near zero to $260 billion, while bilateral trade has ballooned from under $2.5 billion to over $680 billion. More than 70,000 U.S. companies have invested and operated in China, with exports to the Chinese market supporting 930,000 American jobs. At the same time, more than 7,000 Chinese enterprises have invested over $140 billion in the U.S., creating over 1 million American jobs. A notable testament to this interdependency is China's Fuyao Group. In 2014, the company inaugurated the world's largest automotive glass production facility in Ohio. The facility has since become an essential part of the U.S. auto supply chain - a crucial engine for local employment and economic growth. China offers vast investment and development opportunities for global businesses, including American firms. A report by the American Chamber of Commerce in China (AmCham China) released in January revealed that 48 percent of surveyed U.S. firms ranked China among their top three global investment destinations, and 53 percent planned to increase their investment in the country this year. Alvin Liu, chair of AmCam China, underscored the enduring importance of China as both a crucial consumer market for American companies and a critical contributor to global innovation and supply chains. This sentiment is echoed by many U.S. businesses, who maintain that disengagement from China is not a viable commercial strategy. They argue that the country offers an unparalleled industrial ecosystem, an improving business environment, stable foreign investment policies, and a highly skilled workforce. Sean Stein, president of the U.S.-China Business Council, noted that China has grown into the world's second-largest consumer market, offering significant opportunities for global companies. With China's economy continuing to recover and global investors reaffirming their confidence, many view investment in China as an investment in the future. At the same time, Chinese investment in the U.S. has helped drive innovation, job creation and industrial growth.
SHENZHEN, China, April 3, 2025 /PRNewswire/ -- Recently, Sohu Finance interviewed Songyu He, General Manager of CLOU Energy Storage Overseas, to discuss the company's global expansion and competitive strategies. Here are the key insights from the conversation. How is CLOU expanding its overseas markets? Songyu He: CLOU is focusing on three main regions: strengthening its presence in the Americas, expanding rapidly in Europe, and exploring opportunities in Belt and Road countries. In the Americas, CLOU has built strong local teams across sales, technical support, and after-sales service. In Europe, Germany, the UK, and Italy are key markets, with Spain emerging as a potential new focus. What challenges does CLOU face in new overseas markets? Songyu He: Securing the first large-scale project with a reputable local client is often the biggest hurdle. Beyond that, managing the full lifecycle of an energy storage project—from production and logistics to installation, commissioning, and ensuring 20 years of reliable operation—is crucial. CLOU prioritizes long-term brand building and sustainable market development. How does CLOU navigate intense price competition? Songyu He: CLOU adopts two key strategies: 1. Advancing Product Innovation with String Energy Storage Systems The market is shifting from centralized to string energy storage systems. CLOU is developing AC storage cabinets that integrate string inverters and batteries into a single unit, improving efficiency and flexibility. Only a few companies globally can deliver mature string solutions, and CLOU is among them, with a focus on the Americas, Europe, and Japan. 2. Strengthening After-Sales Service A robust after-sales network is crucial for long-term success. In the U.S., CLOU collaborates with over ten third-party engineering firms to provide maintenance and support across multiple states. In Chile, CLOU has established local service partnerships to support ongoing projects. How does CLOU view the trend of overseas manufacturing? Songyu He: While offshore manufacturing presents challenges such as labor costs and supply chain complexity, it can ultimately lower costs, especially when factoring in tariffs. CLOU is actively evaluating this approach. What are CLOU's advantages compared to other energy storage companies? Songyu He: CLOU stands out in two key areas: 1. Deep Technical Expertise – With roots in smart metering and inverter (PCS) manufacturing, CLOU has a deep understanding of battery storage, power conversion, and grid integration. 2. Extensive Global Experience – CLOU has been active in the U.S. since 2018 and launched ERCOT projects in 2019, gaining strong expertise in international standards and regulatory compliance. How has Midea supported CLOU's global expansion? Songyu He: Midea has strengthened CLOU's global expansion by improving financial bankability, optimizing digital management, reducing costs, and leveraging its extensive global service network to accelerate market penetration. Songyu He, General Manager of CLOU Energy Storage Overseas
SINGAPORE, April 3, 2025 /PRNewswire/ -- Gevme, a leading event technology platform, today announced the appointment of Michael Mazza as Chief Growth Officer. This strategic hire reinforces Gevme's commitment to accelerating its expansion across Asia-Pacific and strengthening its global footprint. With over 25 years of entrepreneurial experience spanning fintech, technology, and business development, Mazza brings a wealth of expertise in scaling businesses across emerging markets. In his new role, he will spearhead Gevme's growth initiatives, with an initial focus on deepening the company's presence in the APAC region before expanding efforts in Europe and North America. "Michael's proven track record in building strategic partnerships and driving business expansion across diverse markets makes him the ideal leader to accelerate our growth trajectory," said Daniel Tjan, Managing Director at Gevme. "His entrepreneurial mindset and deep understanding of the Asia-Pacific region will be invaluable as we strengthen our position as the premier event technology platform globally." Prior to joining Gevme, Mazza served as a Partner at Aguamazza, where he forged strategic alliances with promising startups across India, Asia, Africa, and the Middle East. His extensive experience includes board positions at multiple technology companies, including Railpays and Omenetech, where he contributed to the development of innovative digital banking and payment solutions. Mazza also served as Senior Business Development Manager for Global Processing Services (GPS), where he expanded the company's presence and partnerships throughout the Asia-Pacific region. "I'm thrilled to join Gevme at such a pivotal moment in its growth journey," said Mazza. "The events industry continues to evolve rapidly, and Gevme is uniquely positioned to lead this transformation with its innovative technology solutions. I look forward to leveraging my experience to drive strategic growth initiatives and forge powerful partnerships that will expand our reach across APAC and beyond." Mazza's appointment comes as Gevme continues to invest in enhancing its platform capabilities and expanding its market presence. The company has seen significant growth in recent years, establishing itself as a trusted partner for organizations seeking to create impactful event experiences. About Gevme Gevme is a leading event technology platform that empowers organizations to create, manage, and optimize exceptional event experiences. With a comprehensive suite of tools and solutions, Gevme enables businesses to seamlessly execute virtual, hybrid, and in-person events that drive meaningful engagement and measurable results.Trusted by leading brands and organizations worldwide, Gevme continues to innovate at the forefront of the event technology landscape.
A12 藝術空間
Corporate Expansion
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