Hyundai Motor’s losses in Russia are snowballing as the Ukraine-Russia war has been dragging on, paralyzing the Korean automakers’ factories. In recent years, the Russian government has been nationalizing assets of foreign companies that left the country, raising the risk that Hyundai Motor will be
A survey has found that Hyundai Motor Co. is the No. 1 brand that is searched on Google with “incorrect spellings.” Although the number of searches is increasing due to the increased brand interest in Hyundai Motor, many foreigners searched for the Korean automaker with an incorrect spelling due to
The Korea Customs Service (KCS) has launched an investigation into Heineken Korea Co. for alleged manipulation of beer import prices, according to a report by the Maeil Business Newspaper on Jan. 17.The report says Heineken Korea is expected to face a fine of more than 10 billion won (US$8.90 millio
With China escalating economic retaliation on South Korea over the deployment of the U.S.-led Terminal High Altitude Area Defense (THAAD) missile defense system, a boycott movement against Chinese products is also arising in South Korea centered on internet users. In particular, Chinese beer Tsingta
LG announced on March 29 that they will unveil the main TV commercial for the G5 smartphone in Korea, the US and the UK beginning this week. LG Electronics picked out world-class actor Jason Statham as a model for the commercial.The G5 TV commercial was directed by Fredrik Bond who directed TV comme
The European Chamber of Commerce in Korea (ECCK) held its 2016 New Year Party at the Grand Hyatt in Jan 28.H.E. Gerhard Sabathil, the ambassador of the head of the delegation of the European Union to the Republic of Korea, delivered a congratulatory speech on the occasion. He stressed the importance