SEOUL, Nov. 24 (Korea Bizwire) — SK earthon Co., a South Korean oil exploration and production (E&P) company, said Monday it has acquired a stake in a potential oil block in Indonesia as part of its efforts to expand overseas E&P activities. SK earthon said it has taken over a 34 percent stake in the [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korean dairy companies are finding new growth opportunities through baby formula exports, particularly in Southeast Asia, where shipments have tripled over the past decade. According to data from the Korea Agro-Fisheries & Food Trade Corporation (aT), baby formula exports to the 10 ASEAN member countries reached a record high [...]
SEOUL, Dec. 12 (Korea Bizwire) — SPC Group, a South Korean food and beverage company, said Tuesday its bakery brand Paris Baguette has opened seven new outlets in Southeast Asia as part of its global expansion strategy. Paris Baguette opened three new stores in Singapore, two in Indonesia and two in Malaysia as it seeks [...]
BALI, Indonesia, Nov. 15 (Korea Bizwire) – President Yoon Suk-yeol used his first trip to Southeast Asia as president to send a strong message that South Korea intends to build a “free, peaceful and prosperous” Indo-Pacific region, but not to the exclusion of China. In Phnom Penh, the first leg of his two-nation trip to [...]
SEOUL, Nov. 26 (Korea Bizwire) — As the number of Southeast Asian countries that are opening their borders to fully vaccinated foreign visitors without quarantine requirements increases, travel agencies have moved to sell Southeast Asian tour packages using chartered flights. Mode Tour released a new tour package for Phu Quoc Island in Vietnam using chartered [...]
SEOUL, June 14 (Korea Bizwire) — Naver Corp., South Korea’s top internet portal operator, said Sunday that its webcomic business topped the sales charts and garnered the most number of users in the Southeast Asian market including Indonesia, Thailand, and Taiwan. Naver Webtoon, more commonly known as Line Webtoon in the United States, explained that [...]
SEOUL, May 11 (Korea Bizwire) — Samsung Electronics Co. lost its top spot in four major smartphone markets in Southeast Asia in the first quarter of the year, a report showed Tuesday, as it faced intensified competition with Chinese brands in the region. The South Korean tech giant logged a 19 percent market share in [...]
SEOUL, March 25 (Korea Bizwire) — Samsung Electronics Co. said Thursday it began to sell the company’s first Micro LED TV in Southeast Asian countries as the world’s largest TV maker plans to boost premium TV sales amid the pandemic-induced stay-at-home trend. Samsung said its 2021 TV lineup, including the Neo QLED TV, which uses [...]
SEOUL, July 22 (Korea Bizwire) – South Korean automakers saw their sales increase in six member nations of the Association of Southeast Asian Nations (ASEAN) over the past three years helped by strong demand in Vietnam, industry data showed Wednesday. They sold a combined 184,595 vehicles in Thailand, Indonesia, Malaysia, Singapore, Vietnam and the Philippines [...]
SEOUL, June 17 (Korea Bizwire) — Samsung Electronics Co. recaptured the top spot in the Southeast Asian smartphone market in the first quarter of the year by edging out its Chinese rivals, a report showed Wednesday. Samsung’s market share in Southeast Asia stood at 18.9 percent in the January-March period, according to market tracker Counterpoint [...]