SEOUL, Oct. 5 (Korea Bizwire) – Samsung Electronics Co., the world’s largest maker of smartphones, said Wednesday its global brand value exceeded US$50 billion this year, citing an annual survey of brand management firm Interbrand. This year, Samsung was again ranked as the seventh-most-valuable global brand with a value of $51.8 billion, up 14 percent [...]
SEOUL, Oct. 5 (Korea Bizwire) – Unionized workers at the Hyundai Motor Group threatened Wednesday to stage a general strike if the government invokes its right to emergency arbitration to order workers at South Korea’s No. 1 carmaker to return to work, sources said. The move came after Labor Minister Lee Ki-kweon said last week [...]
SEOUL, Oct. 5 (Korea Bizwire) – GM Korea Co., the local unit of U.S. carmaker General Motors Co., has started full-fledged exports of its all-new Malibu midsize sedans built in South Korea to the Middle East in a bid to expand its overseas markets, industry sources said Wednesday. GM Korea shipped about 900 Malibu units [...]
ULSAN, Oct. 5 (Korea Bizwire) – Unionists of Hyundai Motor Co. said Tuesday they will not stage a walkout this week, although their senior members will continue protesting against the management over wage deals. The unionized workers at South Korea’s top automaker said they will not lay down their tools until next Tuesday. However, they [...]
SEOUL, Oct. 4 (Korea Bizwire) – The recent hype in Korea over cooking, dining and interior design is helping overseas dishware brands make a successful entrance in the Korean market. Iittala, a Finnish household supplies manufacturer specializing in tableware and cookware, recently introduced a dishware collection called Teema Tiimi that reflects upon Korea’s dining culture, [...]
SEOUL, Oct. 4 (Korea Bizwire) – Samsung Display Co., an affiliate of Samsung Electronics Co., has registered for a patent on technology to develop bendable displays in the United States, industry sources said Tuesday, implying a possible launch of foldable smartphones sometime soon. The panel-making affiliate of the South Korean tech giant filed a patent [...]
SEOUL, Sept. 30 (Korea Bizwire) – Renault Samsung Motors Co., the South Korean unit of the French automaker Renault S.A., said Friday that preorders for the QM6, its newest SUV, have exceeded 10,000 units in a month, heralding huge popularity down the road. Renault Samsung is set to sell the QM6 SUV, a new version [...]
SEOUL, Sept. 29 (Korea Bizwire) – Ticket Monster (T-Mon), Korea’s leading social commerce platform, announced Thursday that it will be supplying convenience store franchise CU with Xiaomi products for offline distribution. CU outlets have already been selling Xiaomi portable battery packs (5000mAh) since the beginning of September, which were also supplied by T-Mon, but they [...]
SEOUL, Sept. 29 (Korea Bizwire) – Members of the joint council for small and medium-sized enterprises, which represents 15 of Korea’s SME societies, gathered for a press conference Wednesday denouncing the prolonged strike by Hyundai Motor’s labor union, and expressing their will to boycott the automaker if the situation continues. It marked the first time [...]
SEOUL, Sept. 28 (Korea Bizwire) – The Ministry of Land, Infrastructure and Transport (MOLIT) faced embarrassment during a parliamentary audit Tuesday when a report revealed that a large number of drones under its possession were from Chinese manufacturers. The MOLIT is among the government departments responsible for nurturing the domestic drone industry. According to MOLIT [...]