WASHINGTON, Oct. 10 (Korea Bizwire) — From a legacy self-propelled howitzer to a new unmanned ground vehicle and a high-tech drone, a dozen South Korean companies showcased their advanced defense products at a major U.S. defense exhibition in Washington on Tuesday. The Association of the United States Army (AUSA) 2023 Annual Meeting and Exposition kicked [...]
SEOUL, Jan. 9 (Korea Bizwire) — Hyundai Motor Co. said it aims for half of its U.S. vehicle sales to be environment friendly models by 2030 while planning to produce electric vehicles in the world’s most important automobile market, a company executive has said. Jose Munoz, Hyundai’s global chief operating officer, made the comments in [...]
SEOUL, March 11 (Korea Bizwire) — Adding to the phenomenal global ascent of K-pop, led by boy band BTS, another Korean band, SuperM, hit No. 1 on the Billboard 200 albums chart last October, furthering the global influence of Korean pop music. It was a major feat accomplished in SuperM’s widely publicized collaboration with Capitol [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korean food companies struggling with tepid domestic demand are turning their eyes to the U.S. for a breakthrough. As more Americans are taking an interest in Korean food, an increasing number of South Korean companies are beginning to see potential in the American market, many of which have [...]
SEOUL, Aug. 20 (Korea Bizwire) — Hanwha Q Cells Co., a South Korean solar cell maker, topped the U.S. residential solar module market in the first quarter, industry data showed Tuesday. Hanwha Q Cell’s market share in the sector stood at 27 percent in the first three months of the year, sharply up 15.4 percentage [...]
SEOUL, Oct. 4 (Korea Bizwire) — Samsung Electronics has widened its lead over competitors in the U.S. market for premium TVs, a market research report said Thursday. The report from U.S. firm NPD said Samsung held 34 percent of the U.S. TV market as of end-August, far outdoing its rival LG Electronics (15 percent) as [...]
SEOUL, Mar. 21 (Korea Bizwire) — South Korean drug companies are ramping up their efforts to tap into the United States, the world’s largest pharmaceutical market, industry sources said Wednesday. Leading the pack is top pharmaceutical firm Yuhan Corp. that has recently established a wholly owned subsidiary, named Yuhan USA, in San Diego. Yuhan said [...]
SEOUL, Feb. 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. are off to a positive start this year, posting increased sales of Tucson and Sportage SUVs, respectively, in the United States last month from a year earlier. In January, Hyundai Motor saw the sale of the Tucson compact SUV jump [...]