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Car Rental Firms Enjoy Boom Thanks to New Car Delivery Delays

Car Rental Firms Enjoy Boom Thanks to New Car Delivery Delays

SEOUL, May 11 (Korea Bizwire) — South Korean car rental firms are enjoying an unexpected boom, benefiting from the supply shortage of new cars resulting from the semiconductor chip crisis. Lotte Rental Co., the No. 1 player in the nation’s car rental market, reported record first-quarter results, posting sales of 648 billion won (US$507 million) [...]

S. Korean Stock Market Logs Stellar Gains in 2020, Set for Rosy 2021

S. Korean Stock Market Logs Stellar Gains in 2020, Set for Rosy 2021

SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s benchmark stock index skyrocketed over 30 percent this year from a year ago, buoyed by strong buying of individual investors and expectations of a speedy recovery from the pandemic next year, the bourse operator said Wednesday. In the final trading session of 2020 on Wednesday, the benchmark [...]

S. Korea’s Top 3 Shipyards Fare Relatively Well Despite Pandemic

S. Korea’s Top 3 Shipyards Fare Relatively Well Despite Pandemic

SEOUL, Dec. 24 (Korea Bizwire) — Despite the fallout of the coronavirus pandemic, South Korea’s big three shipbuilders have fared relatively well this year as they clinch a majority of global orders for liquefied natural gas (LNG) ships and very large crude carriers (VLCCs), industry sources said Thursday The trio — Korea Shipbuilding & Offshore [...]

Expensive Imported Clothes Dryers Offer Worse Performance than Domestic Models

Expensive Imported Clothes Dryers Offer Worse Performance than Domestic Models

SEOUL, Jan. 15 (Korea Bizwire) — The Korea Consumer Agency has revealed that clothes dryers available in the market vary significantly in terms of price and performance, warning customers to make an informed decision when purchasing a clothes dryer. There were even some cases where a clothes dryer manufactured by a famous foreign company was [...]

S. Korean Shipyards Fare Well in 2018

S. Korean Shipyards Fare Well in 2018

SEOUL, Dec. 24 (Korea Bizwire) — South Korean shipbuilders showed better-than-expected performances this year on a rise in new orders, especially those for LNG ships, industry sources said Monday. The country’s shipbuilding sector, once a cornerstone of the country’s economic growth and job creation, has been reeling from mounting losses in the past few years, [...]

Big 3 Game Publishers Expected to Post Varying Performances in Q1

Big 3 Game Publishers Expected to Post Varying Performances in Q1

SEOUL, Apr. 12 (Korea Bizwire) — The big three local game companies are expected to show different performance records for the first quarter this year, with Nexon Korea Co. likely to set a new record in sales and operating profits, industry watchers said Thursday. Nexon was estimated to have tallied around 800 billion won (US$748.01 [...]

Hyundai Merchant Seeing Business Improvement

Hyundai Merchant Seeing Business Improvement

SEOUL, Sept 19 (Korea Bizwire) — Hyundai Merchant Marine Co., South Korea’s top shipping firm, is seeing its business performance improve sharply on the back of reduced costs and increased profit, its chief said Tuesday. “Compared to last year, our performance is improving significantly, based on a virtuous cycle of reduced costs and expanded profit,” [...]

Seoul Offers Discounts to “Hanbok” Wearers

Seoul Offers Discounts to “Hanbok” Wearers

SEOUL, May 2 (Korea Bizwire) – The Seoul Metropolitan Government announced Tuesday that it is offering 50 percent discounts to audience members wearing hanbok, Korean traditional attire, for 19 performances taking place at four of the city’s performance venues – the Sejong Center for the Performing Arts, Seoul Namsan Traditional Theater, Seoul Donhwamun Traditional Theater, and [...]