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Over 20 pct of Lavish Foreign Tourists Come from Mideast: Poll

Over 20 pct of Lavish Foreign Tourists Come from Mideast: Poll

SEOUL, Sept. 14 (Korea Bizwire) — Middle Eastern tourists accounted for more than 20 percent of big-spending foreign visitors to South Korea last year with their per-capita spending reaching over US$16,000, a poll showed Thursday. The survey on the top 1 percent high-spending foreign tourists, taken by the Korea Culture & Tourism Institute, showed that [...]

SK Group Seeks New Business Partnerships with Oil Producers of Middle East

SK Group Seeks New Business Partnerships with Oil Producers of Middle East

SEOUL, Nov. 24 (Korea Bizwire) – South Korea’s SK Group will work with oil producers of the Middle East to find new business models beyond developing petroleum products, the conglomerate said Thursday.  The group’s chairman Chey Tae-won, visiting the region this week, met with CEOs of sovereign funds, oil companies and other partner firms, and [...]

LG to Kick off Overseas Release of Aka Phone This Week

LG to Kick off Overseas Release of Aka Phone This Week

SEOUL, March 19 (Korea Bizwire) – LG Electronics, South Korea’s second-largest smartphone maker, said Thursday it will start selling its latest character smartphone in neighboring countries this week, before gradually expanding to the Middle East. The Aka phone comes with four different, detachable casings that each has its own personality, shown in digital eyes placed [...]