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South Korean SME Lands Platform Screen Door Deal in Brazil

South Korean SME Lands Platform Screen Door Deal in Brazil

BRAZIL, Jun. 23 (Korea Bizwire) — South Korean manufacturer Hanbyul ENC has landed a business deal in Brazil that will see the company build platform screen doors for the Santos subway. According to the Electronics and Telecommunications Research Institute (ETRI), the small South Korean company was able to win the contract thanks to the help [...]

Head of SK Says Toshiba Deal is ‘Not Finished’

Head of SK Says Toshiba Deal is ‘Not Finished’

SEOUL, June 23 (Korea Bizwire) – SK Group Chairman Chey Tae-won said Friday its semiconductor arm’s move to join the acquisition of Toshiba Corp.’s chip business is “not finished,” hinting there are still challenges moving forward. The remark came as a global consortium including South Korea’s SK hyinx Inc. was tapped as the preferred bidder [...]

Wine Sales Surge Among Young South Korean Women

Wine Sales Surge Among Young South Korean Women

SEOUL, Jun. 23 (Korea Bizwire) — Wine is becoming an increasingly popular beverage of choice, particularly among South Korean women in their 20s, a new report says. According to data released by Shinsegae Department Store on Thursday, sales of wine among customers in their 20s from January to May this year more than doubled compared [...]

Hyundai, SK Leaders to Accompany Moon to U.S. Next Week: Biz Lobby

Hyundai, SK Leaders to Accompany Moon to U.S. Next Week: Biz Lobby

SEOUL, Jun. 23 (Korea Bizwire) — Leaders of South Korea’s top conglomerates including Hyundai and SK will join President Moon Jae-in on his first official visit to the United States next week, a local business lobby said Thursday. Moon is scheduled to visit Washington on Wednesday ahead of two-day summit talks with U.S. President Donald [...]

IKEA Continues to Expand its Presence in South Korean Market

IKEA Continues to Expand its Presence in South Korean Market

SEOUL, June 22 (Korea Bizwire) – It’s been a good year for IKEA Korea as the Swedish furniture giant is set to top its sales from last fiscal year. IKEA, since the opening of its Gwangmyeong store in December 2014, has reshaped the landscape of the country’s furniture industry, with the Gwangmyeong branch becoming the company’s [...]

S. Korea’s Tallest Skyscraper Receives Eco-friendly Certification

S. Korea’s Tallest Skyscraper Receives Eco-friendly Certification

SEOUL, Jun. 22 (Korea Bizwire) — South Korea’s tallest skyscraper built by retail giant Lotte Group received a green building certificate from a U.S.-based environment organization, Lotte Corp. said Wednesday. The 123-story Lotte World Tower received a Gold rating in the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) system, the conglomerate [...]