SEOUL, Nov. 3 (Korea Bizwire) — Naver Corp., South Korea’s top internet portal operator, said Friday its third-quarter net profit jumped 53.8 percent from a year earlier, powered by robust growth of its commerce, content and cloud businesses. Third-quarter net profit amounted to 356.2 billion won (US$265.2 million) on a consolidated basis in the July-September [...]
SEOUL, Nov. 3 (Korea Bizwire) – In this year’s Best Apartment Brand rankings, Hillstate by Hyundai E&C has claimed the top position. According to the 2023 Best Apartment Brand survey conducted by Real Estate R114 and Hankook Research, involving 4,029 adults nationwide from October 4 to 17, Hillstate has secured first place in the overall rankings, [...]
SEOUL, Nov. 2 (Korea Bizwire) – The Nintendo Switch is rapidly establishing itself as a prominent platform within the Korean video game industry, positioning itself to significantly impact the global gaming market. One compelling example of this trend is the success of “Dave the Diver,” a marine adventure game developed by Nexon, which made its debut [...]
SEOUL, Nov. 1 (Korea Bizwire) — CJ Olive Young Corp., the distribution unit of South Korean food-to-cosmetics conglomerate CJ Group, on Wednesday opened a foreigner-focused outlet in Seoul as travelers return to the country after years of the COVID-19 pandemic. CJ Olive Young’s outlet in Myeongdong, central Seoul, underwent a large-scale renewal to serve as [...]
SEOUL, Nov. 1 (Korea Bizwire) – Samsung Electronics’ subsidiary Harman has taken on the role of a hidden benefactor, as it announced its most significant quarterly operating profit ever in the third quarter of this year. On Tuesday, Samsung Electronics released its third-quarter earnings report, revealing that Harman achieved sales of 3.8 trillion won and an [...]
SEOUL, Oct. 31 (Korea Bizwire) — Samsung Electronics Co. said Tuesday its operating profit sank nearly 80 percent due to a protracted economic slowdown but its semiconductor business reduced losses on rising demand for premium memory chips. The world’s largest memory chip and smartphone maker logged an operating profit of 2.43 trillion won (US$1.8 billion) [...]
SEOUL, Oct. 30 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Monday it has won a 231.8 billion-won (US$171 million) order to build two crude carriers for an Oceanian shipper. Hyundai Samho Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the vessels at its [...]
SEOUL, Oct. 28 (Korea Bizwire) – South Korea’s agricultural authorities said Saturday they have vaccinated nearly 82 percent of cattle subject to emergency inoculation amid growing concerns over the nationwide spread of lumpy skin disease (LSD). As of Saturday morning, health authorities have administered the vaccine to 357,000 out of 438,000 cows subject to emergency [...]
SEOUL, Oct. 27 (Korea Bizwire) – As the COVID-19 pandemic has prolonged the prevalence of non-face-to-face shopping, apparel and cosmetics companies are intensifying their online marketing strategies, specifically targeting Generation MZ (those born between the early 1980s and early 2000s). This younger demographic is increasingly recognizing the advantages of online shopping, which has led to a [...]
SEOUL, Oct. 27 (Korea Bizwire) – POSCO E&C announced on Thursday that it had developed a multi-layer welding automation engineering technology for application in steel bridge construction. This new process, developed in collaboration with POSCO, allows for precise adjustments of electric current, voltage, welding speed, and type, based on the type and thickness of the steel [...]