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Samsung Aims for 20 pct Market Share of 5G Devices

Samsung Aims for 20 pct Market Share of 5G Devices

SEOUL, Jan. 4 (Korea Bizwire) — Samsung Electronics Co.’s new assembly line at Suwon, Gyeonggi Province for 5G network communication devices began operation on Thursday, making it the second of its kind following the first assembly line built in Bac Ninh Province, Vietnam. The new assembly line was relocated from Gumi, North Gyeongsang Province to [...]

S. Korea’s Fashion Market Must Meet Personal Needs of Customers

S. Korea’s Fashion Market Must Meet Personal Needs of Customers

SEOUL, Dec. 28 (Korea Bizwire) — The year 2019 will become a challenging year for the fashion industry as consumers increasingly search for products that can maximize convenience while meeting a variety of individual preferences. The Samsung Fashion Institute announced ‘Act For Better Life’ as a new key phrase for next year’s fashion market. From [...]

Hyundai Motor Group Boosts Executive Promotions

Hyundai Motor Group Boosts Executive Promotions

SEOUL, Dec. 20 (Korea Bizwire) — Hyundai Motor Group has decided to reform its regular executive promotion practices by increasing the number of new executives compared to typical years. By promoting new executives, the decision was made to expand the change in leadership and to foster next generation leadership candidates. Along with personnel management based [...]

Incheon Airport to Invest 4.2 tln Won in Expansion, Upgrades by 2023

Incheon Airport to Invest 4.2 tln Won in Expansion, Upgrades by 2023

SEOUL, Dec. 20 (Korea Bizwire) — Incheon International Airport Corp. said Thursday it will invest 4.2 trillion won (US$3.7 billion) to build a fourth runway and expand facilities by 2023. The airport began operations in 2001 and opened its second terminal in January to meet rapid air passenger growth. It currently handles 72 million travelers [...]

Hyundai Motor Set to Break Ground on GBC Complex Next Year

Hyundai Motor Set to Break Ground on GBC Complex Next Year

SEOUL, Dec. 18 (Korea Bizwire) — The construction of Hyundai Motor Group’s new Global Business Center (GBC) is expected to be fast-tracked after the government indicated it would accelerate deliberations related to the project in its economic policy direction for next year. The government said deliberations on Hyundai Motor’s GBC project, which will be built [...]

Hyundai to Invest 7.6 tln Won in Hydrogen Cars by 2030

Hyundai to Invest 7.6 tln Won in Hydrogen Cars by 2030

SEOUL, Dec. 11 (Korea Bizwire) — Hyundai Motor Group and its suppliers will collectively invest 7.6 trillion won (US$6.7 billion) in hydrogen fuel cell electric car-producing facilities and related R&D activities by 2030, the company said Tuesday. Under the so-called hydrogen road map, the business group and 124 partner companies will invest in a plant [...]