SEOUL, March 31 (Korea Bizwire) — LG Hausys is expanding its business related to phenolic foam (PF), a highly efficient and semi-noncombustible insulator, amidst a growing trend focusing on the use of high-functioning and eco-friendly materials in the construction industry. LG Hausys is one of only four manufacturers in the world that are capable of [...]
SEOUL, March 31 (Korea Bizwire) — The Korea National Park Service (KNPS) is planning to capture about 160 goats that are currently disturbing the ecosystems of two Korean islands, before the end of the year. Goats, designated as one of the world’s 100 worst invasive alien species by the International Union for Conservation of Nature (IUCN), [...]
“The rate cut and the expansion of the loan facility cap (for smaller firms) were based on the judgment that growth and inflation is likely to significantly underperform the expected course. We judged that there is a need to implement additional measures before forecasts are released in order to strengthen growth momentum and ultimately expand [...]
SEOUL, March 30 (Korea Bizwire) — Kia Motors, Korea’s second-largest carmaker, started to sell its seven-seat Carnival Limousine in domestic market from March 30, providing more options for consumers seeking to buy premium minivans. Kia Motors had sold the seven-seat Carnival only in overseas markets but opted to sell it here, apparently encouraged by recently [...]
SEOUL, March 30 (Yonhap) – South Korea’s mobile carriers said Monday they will accept preorders for Samsung Electronics‘ latest high-end smartphone models — the Galaxy S6 and Galaxy S6 Edge – this week, adding that the models will be available for use on April 10. SK Telecom, the country’s leading mobile carrier, said subscribers can make orders [...]
SEOUL, March 30 (Korea Bizwire) — South Korea banks and other financial companies have hired former government officials to fill some 30 percent of outside director positions, industry data showed Monday, amid criticism that outside directors are not living up to their roles. According to the data compiled by CEO Score, the number of outside [...]
SEOUL, March 30 (Korea Bizwire) – The value of land possessed by South Korea’s top 10 business groups reached an all-time high of 63.29 trillion won (US$57.18 billion) at the end of 2014, up 4 percent from a year ago, a market researcher said Monday. The value of land owned by 95 listed companies under [...]
SEJONG, March 29 (Korea Bizwire) — South Korea’s bicycle imports rose 18.5 percent in the last three years, government data showed Sunday, fueled by the spike in people enjoying leisure and sports activities. According to data by the Korea Customs Service (KCS), the country imported US$210 million worth of bikes last year, up from $170 million [...]
SEOUL, March 29 (Korea Bizwire) — South Korea’s No. 2 tech giant, LG Electronics, said Sunday it will take “strong” action against sales of counterfeit G3 smartphones in China by joining forces with Beijing authorities. LG said the move came as a number of smartphone retailers in China are selling the fake G3 smartphones at a [...]
SEOUL, March 29 (Korea Bizwire) — South Korea’s sales of cigarettes, which nearly halved in January due to the government’s price hike, slowed their downward trend in March, data showed Sunday, implying that Seoul’s push for public health may end up being fruitless. According to the data compiled by a local convenience-store chain, the sales [...]