SEOUL, July 24 (Korea Bizwire) — The accumulated number of visitors to the safari theme park of Everland, South Korea’s largest amusement park, located just outside of Seoul, has topped 10 million, its operator said Monday. Since opening four years and three months ago, more than 10 million people have visited Lost Valley Safari, the [...]
SEOUL, Jul. 23 (Korea Bizwire) — The size of assets under management by South Korea’s state pension fund surpassed the 600 trillion won (US$536.2 billion) mark for the first time ever, the government said Sunday. According to the Ministry of Health and Welfare, the total value of funds controlled by the National Pension Service (NPS) [...]
SEOUL, Jul. 18 (Korea Bizwire) – LG Display Co. topped the world’s market for large-sized displays for automobiles both in terms of shipment and sales, data showed Tuesday, expanding gap with Japanese and Taiwanese rivals. According to the data compiled by IHS Markit, LG Display took up 16.8 percent of the market for automobile display [...]
SEOUL, Jul. 5 (Korea Bizwire) — Samsung Electronics Co. said Wednesday the company was named Asia’s most popular brand for the sixth consecutive year backed by its successful launch of the Galaxy S8 smartphones. Citing the report released by Campaign Asia-Pacific and Nielsen, the South Korean tech giant said the company was the No. 1 [...]
SEOUL, Jul. 3 (Korea Bizwire) — South Korean carmaker Hyundai Motor Co. said Monday it took the top spot in J.D. Power’s customer satisfaction survey in China this year despite declining sales in the wake of a diplomatic row between the two countries. In 2017, Hyundai Motor took the No. 1 position back in China [...]
SEOUL, Jul. 3 (Korea Bizwire) — South Korean shipbuilders, led by Hyundai Heavy Industries Co., are estimated to have clinched a record number of new shipbuilding orders in the first half of the year, with their combined tally more than doubling from a year earlier, industry data showed Monday. Hyundai Heavy and other local shipyards [...]
Kia’s Telluride luxury sport-utility vehicle (Imgage: Yonhap) SEOUL, June 28 (Korea Bizwire) – Hyundai Motor Co. and its sister brand Kia Motors Corp. said Wednesday that four of their vehicle models have won awards or have been tapped as finalists in a U.S. design competition. The Genesis luxury G80 Sport sedan, the latest version of [...]
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 [...]
SEOUL, Jul. 18 (Korea Bizwire) — LG Chem Ltd., South Korea’s largest chemicals maker, will start supplying lithium-ion batteries for NASA’s spacesuits in the second half of the year, the company said Monday. The contract with NASA marked the first such deal for a Korean company, LG Chem said. LG Chem said its new battery’s [...]
SEOUL, Mar. 2 (Korea Bizwire) — South Korea’s second-ranked carmaker, Kia Motors Corp., said Tuesday that it has sold more than 10,000 units of the Soul electric vehicle (EV) in less than two years after its launch, helped by strong demand from the European market. The Soul EV, the electric vehicle variant of the Soul [...]