SEOUL, Nov. 7 (Korea Bizwire) — South Korea regained the top spot in new global shipbuilding orders for the first time in three months in October, industry data showed Tuesday. Local shipyards clinched orders totaling 1.54 million compensated gross tons (CGTs) to build 18 ships, accounting for 62 percent of the global total of 2.49 [...]
SEOUL, Nov. 6 (Korea Bizwire) — LG Electronics Co., South Korea’s No. 2 home appliance maker, said Monday it has partnered with universities in the U.S. state of Alaska to develop high-performance heating, ventilation and air conditioning (HVAC) products that operate efficiently in extreme cold conditions. The company said it has formed a consortium with [...]
SEOUL, Nov. 6 (Korea Bizwire) – South Korea’s major department stores are turning their attention to the “vintage” trend to attract the MZ generation, those born between the early 1980s and early 2000s, who are emerging as their primary consumer base. Recognizing that the MZ generation is sensitive to value consumption and familiar with secondhand transactions, [...]
SEOUL, Nov. 6 (Korea Bizwire) – Expectations for the arrival of the ‘time of semiconductors’ are rising both within and outside the semiconductor industry due to the increasing demand for High-Bandwidth Memory (HBM) in tandem with the expansion of the artificial intelligence (AI) market. Samsung Electronics and SK Hynix are actively working on securing leadership in [...]
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 [...]