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Reporter : Kim Hyun-bin
Thu, December 7, 2023 | 21:36
Hyundai Motor Group tops JD Power rankings for 2 consecutive years
Hyundai Motor Group (HMG) grabbed the top spot in the U.S.' most prestigious quality survey for two consecutive years, in the latest nod to the quality of the automotive conglomerate's vehicles. Genesis ranked second out of 31 brands, including luxury brands, in the 2023 vehicle dependability survey (VDS) announced by J.D. Power, a U.S. market research firm, the automaker sai...
Companies | 2023-02-10 14:58
Hyundai Motor, SK to enter North American hydrogen market
Major domestic companies such as Hyundai Motor and SK E&S took part in the Hydrogen & Fuel Cell Seminar, the largest hydrogen industry event in North America, aiming to better penetrate the U.S. hydrogen market, according to industry officials, Thursday. The Ministry of Trade, Industry and Energy announced it took part in the seminar held in Long Beach, California, from Feb. ...
Companies | 2023-02-09 16:02
Korea looks to sell weapons to Romania following lucrative deal with Poland
Korean arms manufacturers are seeking to expand weapons exports to East European countries following a mega defense deal signed with Poland last year, according to the Korea Chamber of Commerce and Industry (KCCI), Thursday. In July of last year, Poland signed a basic contract to import about 20 trillion won ($15.8 billion) worth of Korean weapons, including 1,000 K-2 tanks a...
Companies | 2023-02-09 15:51
Retail giants eager to expand wine businesses
Major retailers are eager to grow their wine businesses by purchasing overseas wineries, gaining price competitiveness and expanding overseas distribution networks, according to industry officials, Wednesday. According to Euromonitor, the size of the domestic wine market is estimated to have grown by 50 percent compared to 2020 to 1.5 trillion won ($1.19 billion) in 2021, and...
Companies | 2023-02-09 08:28
Hyundai Motor IONIQ 5 aims to take over India's EV market
Hyundai Motor Company's IONIQ 5 electric SUV is creating a sensation in India finding success in lowering production costs through local assembly, according to industry officials, Wednesday. Hyundai Motor India is scheduled to officially launch the IONIQ 5 next month and has received more than 650 reservations - more than double the 250 to 300 predicted initially.
Companies | 2023-02-08 15:25
Samsung chief tours QD-OLED production line
Samsung Electronics Chairman Lee Jae-yong, front row second from left, and other staff tour the QD-OLED production line at Samsung Display Asan Campus in South Chungcheong Province, Tuesday. QD-OLED is a hybrid display technology that improves the brightness and color of OLED panels through the use of quantum dots. Courtesy of Samsung Electronics
Companies | 2023-02-07 17:25
Kakao acquires 9.05% stake in SM Entertainment to become 2nd-largest shareholder
Kakao secured a 9.05 percent stake in SM Entertainment, becoming its second-largest shareholder, according to Kakao, Tuesday. Kakao is joining hands with SM Entertainment to strengthen its competitiveness in the music and content business. SM Entertainment issued 1.23 million new shares in the form of a paid-in capital increase, while Kakao secured 1.14 million shares through...
Companies | 2023-02-07 17:06
HanmiGlobal seeks to win more large-scale orders in Saudi Arabia
HanmiGlobal, Korea's leading project management (PM) company, is seeking to win large-scale orders from the Middle East and especially from the Diriyah Gate Project in Saudi Arabia, the company said Tuesday. Earlier this month, the Saudi public investment fund (PIF), led by Crown Prince bin Salman, designated Diriyah Gate, a new city development project at the historic UNESCO...
Companies | 2023-02-07 16:12
FTC to inspect live commerce operators' business practices
The country's antitrust agency will inspect the business practices of Naver, Kakao and other live commerce operators to check whether they treat their suppliers or consumers unfairly, the Fair Trade Commission (FTC) said Monday. The agency plans to scrutinize the terms and conditions in the rapidly growing distribution sector, which includes live commerce and subscription ser...
Companies | 2023-02-06 16:26
Why Galaxy Book3 draws more attention than S23 smartphones
Samsung Electronics' Galaxy Book3 Pro 900 preorders sold out as soon as they hit the market on 11street, an official online partner of Samsung Electronics, backed by large discounts, according to industry officials, Monday. “Performance has been upgraded along with the display as well as the current CPU, which is equipped with the latest Intel 13th-generation CPU, while user ...
Companies | 2023-02-06 15:50
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