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LG Beats Samsung in Home Appliance Profit Margin for First Half

LG Beats Samsung in Home Appliance Profit Margin for First Half

SEOUL, Aug. 3 (Korea Bizwire) — LG Electronics Inc. profited more for every home appliance sold in the first half of 2018 compared with its bigger rival Samsung Electronics Co., industry data showed Friday. Samsung Electronics posted sales of 20.1 trillion won (US$17.8 billion) over the January-June period for the home appliances segment, above LG [...]

Kakao Bank Logs Rapid Growth in the Year Since its Launch

Kakao Bank Logs Rapid Growth in the Year Since its Launch

SEOUL, Jul. 23 (Korea Bizwire) — Kakao Bank, South Korea’s second Internet-only bank, has posted rapid growth in its customer base and assets since its launch a year ago to overtake the country’s smallest regional lender, data showed Monday. Kakao Bank, controlled by Kakao Corp., the operator of South Korea’s dominant messaging app KakaoTalk, started [...]

Non-German Foreign Carmakers Post Strong Performances for 2017 in S. Korea

Non-German Foreign Carmakers Post Strong Performances for 2017 in S. Korea

SEOUL, Jul. 12 (Korea Bizwire) — Non-German foreign carmakers, such as Toyota Motor Corp. and Jaguar Land Rover, did well in South Korea in the past fiscal year, posting sales of over 1 trillion won (US$887 million) each, the companies said Thursday. In the 2017 fiscal year, which ended in March, Toyota Motor reported sales [...]

Convenience Stores’ Sales Soar as S. Korea Kicks Off World Cup Campaign

Convenience Stores’ Sales Soar as S. Korea Kicks Off World Cup Campaign

SEOUL, Jun. 19 (Korea Bizwire) — Local convenience stores saw their sales jump as tens of thousands of South Koreans took to the streets to cheer on their national football team in the first game of its World Cup campaign, retailers here said Tuesday. BGF Retail Co., the operator of the country’s largest convenience store [...]

Electric Vehicles’ Share Increases in S. Korean Car Market

Electric Vehicles’ Share Increases in S. Korean Car Market

SEOUL, Jun. 6 (Korea Bizwire) – The share of electric vehicles (EV) in the sales of eco-friendly vehicles in South Korea has surpassed 20 percent for the first time this year on the back of a wide range of lineups and improved charging infrastructure, industry data showed Wednesday. A total of 5,542 EVs were sold [...]

Big Bonuses for “Battlegrounds” Developers

Big Bonuses for “Battlegrounds” Developers

SEOUL, May 1 (Korea Bizwire) — Bluehole Studio Inc. revealed its plans on Monday to distribute bonuses to the developers of the hugely popular online game “PlayerUnknown’s Battlegrounds” (PUBG for short), developed by its subsidiary PUBG Corporation. According to Bluehole, the company will pay out up to 5 billion won per employee in incentives. Bluehole [...]

‘Alas, Those Were the Days!’ S. Korea’s Fast Food Outlets Reminisce on Old Times

‘Alas, Those Were the Days!’ S. Korea’s Fast Food Outlets Reminisce on Old Times

SEOUL, Apr. 30 (Korea Bizwire) — The McDonald’s outlet at exit No. 3 of Seoul’s Shinchon Station: for many, it was more than a run-of-the-mill burger place to grab a bite to eat. “Looking for a job after graduation, I spent many hours there for group studies and mock interviews with other applicants,” said Song [...]