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S. Korea’s Tallest Skyscraper Opens to Public

S. Korea’s Tallest Skyscraper Opens to Public

SEOUL, Apr. 4 (Korea Bizwire) — South Korea’s tallest skyscraper built by retail giant Lotte Group officially opened to the public on Monday, the group’s operating unit said, marking another milestone for the country’s fifth-largest business empire facing a slew of challenges. The opening ceremony of the 123-story Lotte World Tower was attended by top [...]

Mahindra, SsangYong to Jointly Develop EVs to Enter U.S., China

Mahindra, SsangYong to Jointly Develop EVs to Enter U.S., China

ILSAN, Mar. 31 (Korea Bizwire) — India’s Mahindra Group and its South Korean unit SsangYong Motor Co. will jointly develop an electric vehicle (EV) using the same platform that can target large emerging green car markets in the coming years, the automotive conglomerate’s chief said Thursday. The companies are aiming to develop high-end EVs by [...]

Multi-brand Cosmetic Shops Expand Presence in S. Korea

Multi-brand Cosmetic Shops Expand Presence in S. Korea

SEOUL, Apr. 28 (Korea Bizwire) — Cosmetic shops that sell various brands under one roof have steadily expanded their presence in South Korea, giving sophisticated customers more options, according to industry officials Thursday. AmorePacific Co., South Korea’s No. 1 cosmetic company, operates about 1,350 multi-brand stores, called “Aritaum,” nationwide, which offer a wide selection of [...]

New Budget Version of Samsung Galaxy Series Targets China and India

New Budget Version of Samsung Galaxy Series Targets China and India

SEOUL, April 18 (Korea Bizwire) – South Korea’s smartphone makers are rushing to introduce new budget phones as part of efforts to secure a meaningful share of the world’s most important smartphone markets, with competition becoming increasingly heated. On April 17, industry sources revealed that Samsung will release the Galaxy C, a new variant of [...]

Tesla Motors Completes Registration of Corporate Entity in S. Korea: Sources

Tesla Motors Completes Registration of Corporate Entity in S. Korea: Sources

SEOUL, Dec. 21 (Korea Bizwire) — Tesla Motors Co. seems to be ramping up its move to enter the South Korean market as it has recently completed registration of a corporate entity that will lead the sales of its popular electric vehicles here, industry sources said Friday. According to the sources, Tesla Motors, based in [...]

Samsung’s VR Device Sold Out in One Day

Samsung’s VR Device Sold Out in One Day

SEOUL, Nov. 25 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. said Wednesday its virtual reality (VR) device sold out in one day after the debut on its home turf with its relatively cheap price wooing customers. The initial number of 2,000 Samsung Gear VR devices has been sold out, it said. The [...]

Samsung SDI Sets Up EV Battery Plant in China

Samsung SDI Sets Up EV Battery Plant in China

SEOUL, Oct. 22 (Korea Bizwire) — Samsung SDI Co., the battery-making unit of South Korea’s top conglomerate Samsung Group, said Thursday it has started running its first electric-vehicle (EV) battery production line in China, as it seeks to tap deeper into what could be the world’s biggest EV market. Samsung SDI held a dedication ceremony [...]