Industry | BusinessKorea

Sunday, March 25, 2018


Crisis of Tong Yang Group
8 October 2013 - 5:28pm
Cash-strapped Tongyang Group is on the brink of bankruptcy though the 38th-largest conglomerate in Korea has been trying to sell its affiliates to remove liquidity risk. It is due to the fact that...
Volkswagen sold the most among foreign brands in September, which is the first monthly performance for the German brand in the domestic market.
Import Cars
8 October 2013 - 4:09pm
Last month, the imported automobile market saw some unexpected changes. Volkswagen had the highest number of monthly sales for the first time in the domestic market. The best-selling car was Mercedes...
Hyundai Samho Heavy Industries’ shipyard, located in Samho-eup, Yeongam, South Korea.
LNG Carrier
8 October 2013 - 2:28pm
Hyundai Samho Heavy Industries (HSHI) constructed a liquefied natural gas (LNG) carrier worth more than 200 billion won (US$186.4 million) on land for the first time. The on-land construction has...
Samsung Electronics’ 44-story headquarters building in Samsung Town, Seocho-gu, Seoul, South Korea. (Photo courtesy of Oskar Alexanderson/Wikimedia Commons)
Samsung’s Financial Arms
7 October 2013 - 2:50pm
At 8:00am on September 25, Samsung Group employees’ voices were heard through the in-house broadcast of five of its subsidiaries - Samsung Life Insurance, Samsung Fire Insurance, Samsung Card,...
The BlackBerry Torch 9810.
Buyout of BlackBerry
7 October 2013 - 1:45pm
Samsung and Google were cited as contenders for the takeover of BlackBerry. US-based business news broadcaster CNBC reported on October 4 (local time) that the Canadian smartphone maker is asking...
Korean Medicine
5 October 2013 - 3:04pm
With the Korean Wave, or Hallyu, spreading across the world beyond Asia, Korean medicine is drawing huge interest based on its uniqueness. The excellence and superiority of Korean medicine was been...
Samsung Electronics’ 44-story headquarters building in Samsung Town, Seocho-gu, Seoul, South Korea. (Photo courtesy of Oskar Alexanderson/Wikimedia Commons)
Samsung’s Performance
4 October 2013 - 7:14pm
Samsung Electronics estimated on September 4 it will post a record-high quarterly operating profit of 10.1 trillion won (US$9.4 billion) in the third quarter of this year. The preliminary estimate...
Reaction to US Shutdown
4 October 2013 - 6:48pm
“A crisis is the best opportunity.” This aphorism applies to Hyundai and Kia Motors’ marketing strategy these days. Due to the US government shutdown, many federal employees are experiencing...
The totally redesigned all-new 2014 Kia Soul.
All-new Kia Soul
4 October 2013 - 6:39pm
“Young people are crazy about smartphones, but older people also use them." Michael Sprague, Executive Vice President (EVP) of Marketing and Communications at Kia Motors America (KMA) was confident...
Korea Eximbank’s CEO Kim Yong-hwan signs an MOU to support US$200 million for road construction in Vietnam with Vietnamese Transportation Minister Danratan on September 9 during President Park Geun-hye’s visit to Vietnam.
Overseas Construction
4 October 2013 - 6:06pm
The construction industry is actively expanding into the Vietnamese market. After the US financial crisis, the Vietnamese economy took a downturn and the real estate markets also saw contraction,...
Ssanyong Motor CEO Lee Yoo-il stands next to New Korando C exhibited in front of Hotel Nassauer Hof in Wiesbaden, Germany, on October 3.
Ssangyong Motor
4 October 2013 - 5:47pm
Ssangyong Motor is looking into changing the company name. On October 3, Ssangyong Motor CEO Lee Yoo-il held a press conference in Wiesbaden, Germany, and said, “The Ssangyong name does not have much...
Samsung, Best Buy
4 October 2013 - 4:43pm
Samsung Electronics vice chairman Lee Jae-yong met with top executives of Best Buy, the largest consumer electronics retail store in the United States, at its headquarters located in Seocho-dong,...


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