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S. Korean Shipbuilders Fare Well on Surge of LNG Carrier Orders

S. Korean Shipbuilders Fare Well on Surge of LNG Carrier Orders

SEOUL, Dec. 9 (Korea Bizwire) – South Korea’s major shipyards have shown decent performances this year on the back of a surge in orders to build LNG carriers, industry data showed Sunday. For the year up to Thursday, 52 orders for LNG carriers were received by local entities, with Hyundai Heavy Industries Co. bagging the [...]

Hyundai, Kia Eco-friendly Car Sales Jump 2.1-fold This Year

Hyundai, Kia Eco-friendly Car Sales Jump 2.1-fold This Year

SEOUL, Dec. 9 (Korea Bizwire) — Sales of eco-friendly cars made by Hyundai Motor Co. and its sister company Kia Motors Corp. jumped 2.1-fold in the first 11 months of this year, on strong domestic and overseas demand, industry data showed Sunday. The two flagship companies of Hyundai Motor Group, the world’s fifth largest automotive [...]

S. Korea’s Mid-sized Cosmetics Firms Report Weak Earnings in Q3

S. Korea’s Mid-sized Cosmetics Firms Report Weak Earnings in Q3

SEOUL, Nov. 18 (Korea Bizwire) — South Korea’s mid-sized cosmetics companies suffered losses in the third quarter of this year as they strived to reform their business structures in the face of tough competition at home, industry sources said Sunday. Able C&C, which operates budget cosmetics brand Missha, swung to the red in the July-September [...]

Turkish Version of Popular Korean E-commerce Website a Hit

Turkish Version of Popular Korean E-commerce Website a Hit

SEOUL, Nov. 15 (Korea Bizwire) — An annual sale offered on November 11 by the Turkish edition of the popular Korean e-commerce website 11Street has become Turkey’s most popular “shopping day” just three years after it was first held. The website known as n11 (www.n11.com) revealed yesterday that it had recorded approximately 50 billion won [...]

Import Diesel Cars Market Presence Falling amid Comeback of Gasoline Vehicles: KAIDA

Import Diesel Cars Market Presence Falling amid Comeback of Gasoline Vehicles: KAIDA

SEOUL, Oct. 7 (Korea Bizwire) — The market presence of imported diesel cars in South Korea has backtracked in South Korea in the face of a comeback by gasoline vehicles, industry data showed Sunday. According to the Korea Automobile Importers and Distributors Association (KAIDA), the number of newly registered diesel cars in the country reached [...]