SEOUL, Nov. 30 (Korea Bizwire) — Big-spending customers are a prime target for car companies, luxury brands, department stores and most other businesses as their purchasing can make up a huge portion of their revenues. South Korea’s department stores are elevating their VIP shopping experience by refurbishing their outlets, expanding their VIP concierge services and [...]
INCHEON, Nov. 27 (Korea Bizwire) — BMW Group on Wednesday reaffirmed its commitment to the South Korean market as it strives to regain trust following a sales drop caused by a number of cars catching fire last year. Two BMW directors — Pieter Nota, head of BMW AG’s customer, brands and sales operations, and Nicolas [...]
SEOUL, Oct. 23 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Wednesday it will invest US$50 million in a U.S. light detection and ranging (LiDAR) company for autonomous driving technologies. Hyundai Mobis has recently partnered with Velodyne Lidar, a world-leading LiDAR sensors provider, in order to mass-produce Level 3 autonomous [...]
SEOUL, Oct. 21 (Korea Bizwire) — BMW Group Korea said on Monday that it expects to sell over 10,000 MINI models in South Korea this year amid efforts to regain ground following a sales drop caused by some cars catching fire last year. The German carmaker is on track to sell more than 10,000 MINI [...]
SEOUL, Oct. 15 (Korea Bizwire) — Samsung C&T Corp., a construction and fashion unit of Samsung Group, said Tuesday that it aims to accelerate the global expansion of its fashion brand BEANPOLE through renewal efforts. Celebrating its 30th anniversary, BEANPOLE announced its renewal move to rebrand as a “heritage” brand that embraces South Korea’s unique [...]
SEOUL, Oct. 8 (Korea Bizwire) — South Korea’s top portal operator, Naver Corp., aims to transform itself into a “technology platform” that will enhance the convenience of users, its CEO said Tuesday. “The year 2020 will be the first year in which Naver becomes a user-led technology platform,” CEO Han Seong-sook said during an annual [...]
SEOUL, Sept. 26 (Korea Bizwire) — The heads of South Korea’s major conglomerates have recently called for a series of countermeasure strategies, labeling the situation of heightened uncertainty at home and abroad as an “unprecedented crisis.” In particular, they say that such a crisis is not a matter to be resolved in a short period [...]
SEOUL, Sept. 25 (Korea Bizwire) — LG Group is trying to chart a new course in its second year under the leadership of a 40-something chairman who is adding a dose of “do whatever it takes” to the old “don’t overdo it” mindset. South Korea’s fourth-largest conglomerate, whose businesses range from electronics and telecom to [...]
CHUNCHEON, Sept. 22 (Korea Bizwire) — Samsung SDS Co., an IT system affiliate of South Korea’s top conglomerate, will expand global partnerships to diversify its business portfolio and reduce its heavy reliance on sister companies, its chief executive has said. Hong Won-pyo, CEO of the IT subsidiary of Samsung Electronics Co., said his company has [...]
WASHINGTON/SEOUL, Sept. 20 (Korea Bizwire) — SK Group, an energy-to-telecom focused conglomerate, plans to invest US$10 billion over the next three years in the United States, the group’s chief has said, as it seeks to expand its presence in the world’s largest economy. SK Group Chairman Chey Tae-won made the remarks during a corporate event [...]