SEOUL, Feb. 28 (Korea Bizwire) – Samsung Electronics Co. said Wednesday sales of its latest Galaxy S series smartphones have exceeded 1 million units in South Korea within just 28 days of their launch. The Galaxy S24 series, which was unveiled on Jan. 16, reached the 1 million mark on the previous day, beating the [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Korean e-commerce giant Coupang Inc. said Wednesday its fourth-quarter net profit more than doubled from a year earlier and it shifted to an annual profit for the first time since its foundation on increased subscribers and growth in new businesses. Net profit for the three months ended in [...]
SEOUL, Feb. 28 (Korea Bizwire) – Starbucks Korea has announced a temporary halt in the sales of Perrier, a popular brand of sparkling water, starting this month due to emerging quality control issues reported by the brand’s overseas manufacturer. Perrier, a sparkling water product produced in France, holds the top market share in the global sparkling [...]
SEOUL, Feb. 27 (Korea Bizwire) — South Korea’s business sentiment remained pessimistic for March due to prolonged concerns over a slowdown of the global economy, a poll showed Tuesday. The business survey index (BSI) for the country’s top 600 companies by sales stood at 97 for March, up 4.7 points from this month, according to [...]
SEOUL, Feb. 26 (Korea Bizwire) – In an era where technological advancements are rapidly reshaping industries, companies are intensifying their efforts to secure top talent, particularly in artificial intelligence and other cutting-edge fields. The recruitment of experienced professionals has become more dynamic, with firms expanding their hiring scope and, in some cases, forgoing traditional recruitment cycles [...]
SEOUL, Feb. 26 (Korea Bizwire) – As K-pop continues to capture hearts worldwide, the food and beverage industry is keenly leveraging this global phenomenon by collaborating with K-pop artists to target international markets. Coca-Cola is setting a prime example by launching a special edition product named ‘Coca-Cola Zero K-Wave’ in 36 countries, drawing inspiration from [...]
SEOUL, Feb. 26 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said Monday it has received a 1.43 trillion-won (US$1.08 billion) liquefied natural gas (LNG) ship order from the Oceania region. Four LNG ships will be built at the shipyard of Hyundai Samho Heavy Industries Co. in Yeongam, 308 kilometers south [...]
SEOUL, Feb. 26 (Korea Bizwire) — POSCO International Corp., the trading unit of South Korea’s leading steelmaker POSCO, said Monday it will expand its overseas traction motor core production capacity to secure a new growth driver. In a recent board meeting, POSCO International decided to build the No. 2 traction motor core plant in Mexico [...]
SEOUL, Feb. 26 (Korea Bizwire) — SPC Group, a South Korean food and beverage company, said Monday its bakery brand Paris Baguette has opened its first outlet in Hawaii in its global expansion strategy. Paris Baguette has opened the Bishop Street outlet, the first in Hawaii and 160th in the United States, in Honolulu, the [...]
SEOUL, Feb. 26 (Korea Bizwire) – In a recent ruling, the Seoul Administrative Court dismissed the argument of an electronic cigarette liquid importer, Company A, that its product should not be classified as tobacco because it was extracted from the stem, not the leaves, of the tobacco plant. The importer had been importing e-cigarette liquid made [...]