According to new research by Agoda, one of the world's fastest growing digital travel platforms, the top reasons people travel are "Nature or Scenery," "Sun, Beaches or Islands," and "Food & Dining." Jeju Island, in Korea, has all of these to offer -- so it is no surprise that it has become so p
Samsung Galaxy placed first in this year’s Top 100 Brands of Korea released by BrandStock on Dec. 8. It claimed the top spot of the BrandStock Top Index (BSTI) for nine consecutive years.BrandStock said Samsung Galaxy has strong upside potential in terms of brand value as the share of Samsung Electr
SsangYong Motor Co., part of India's Mahindra Group, announced on Dec. 2 that the company sold a total of 10,754 units in November 2019 -- 9,240 units in domestic sales and 1,514 in exports.SsangYong’s November sales increased 5.5 percent from the previous month, driven by domestic sales growth.
South Korean automakers’ domestic sales and exports for last month fell 2.47 percent and 1.76 percent from a year earlier, respectively. Hyundai Motor Group is likely to fail to meet its annual sales target for the fifth consecutive year and GM Korea is likely to come in last among the five South Ko
SsangYong Motor Co., part of India's Mahindra Group, announced on Oct. 1 that the company sold a total of 10,195 units in October 2019 -- 8,045 units in domestic sales and 2,150 in exports. SsangYong’s domestic sales in October dropped 20.2 percent from a year ago due to weak market demand and i
Hyundai Motor Co.’s sales in Saudi Arabia have increased more than 60 percent compared to last year amid rebounding automobile sales in the Middle East country. Hyundai Motor has drawn up a new marketing strategy as the Saudi Arabian automobile market is expanding due to a rise in the number of fema
Ssangyong Engineering & Construction (Ssangyong E&C) has expanded the use of quick response (QR) codes from material management to overall process management.Ssangyong E&C announced on Oct. 21 that it has applied the "Digital Construction Management Platform" to the construction site of Dubai Royal
SsangYong Motor Co., a subsidiary of India's Mahindra Group, announced on Oct. 18 that the company sold 31,126 units, posted revenue of 836.4 billion won, an operating loss of 105.2 billion won, and a net loss of 107.9 billion won in the third quarter of this year.The company’s third-quarter sal
Eight out of 10 cars produced in Korea this year are those of Hyundai Motor and Kia Motors. It is the first time since 2002 that Hyundai and Kia jointly accounted for more than 80 percent of the vehicles produced by the five major automakers.By contrast, GM Korea, Renault Samsung Motors, and SsangYo
Automobile production in Korea slid by about 5 percent in September compared to a year ago. The blame falls on GM Korea workers’ strike and Hyundai Motor’s sluggish commercial vehicle sales.According to the Korea Automobile Manufacturers Association on Oct. 10, a total of 278,016 vehicles were produ
SsangYong Motor announced on Oct. 10 that it will enter the Saudi automotive market with a license agreement for local assembly production with Saudi National Automotive Manufacturing Co. (SNAM).The two companies held a license signing ceremony at the SNAM office in the Jubeil Industrial Complex in
SsangYong Motor slid two notches from third place to fifth in car sales rankings in the Korean market in September.It not only lost its third place in monthly sales to Renault Samsung but placed fifth after Mercedes-Benz for the first time this year.Hyundai Motor and Kia Motors came in first and sec
The five Korean automakers -- Hyundai Motor, Kia Motors, GM Korea, SsangYong Motor and Renault Samsung Motors – suffered a setback in overseas sales in September. Industry experts attribute the drop to shrinking demand in emerging markets, a lack of new models, and labor-management conflicts.Auto sa
SsangYong Motor Co., part of India's Mahindra Group, announced on Oct. 1 that the company sold a total of 10,325 units in September 2019 – 7,275 units in domestic sales and 3,050 in exports.SsangYong’s September 2019 sales slightly decreased 4.4 percent compared to the same month last year due t
South Korea's automobile exports have posted a rise for five consecutive months despite slowing demand in the global automobile market.In August, Korea's automobile exports reached US$2,976 million, up 4.6 percent from a year ago, data from the Korea Automobile Manufacturers Association and
Korean companies are reportedly planning to issue about 15 trillion won (US$12.56 billion) worth of corporate bonds by the end of this year. The corporate bond issue market is likely to pick up after faltering for a while due to a deepening economic slump.Twelve companies, including SK Securities Co
The domestic car market remains frozen. The combined domestic sales of the five domestic automakers – Hyundai Motor, Kia Motors, Ssangyong Motor, Renault Samsung, and GM Korea – reached 118,479 units in August, down 6.22 percent from a year before.Hyundai Motor and Kia Motors sold 52,897 and 43,362
SsangYong Motor Co., part of India's Mahindra Group, announced on Sept. 2 that the company sold a total of 10,015 units in August 2019 -- 8,038 units in domestic sales and 1,977 in exports.SsangYong’s August sales dropped 12.3 percent from a year earlier, showing a decline in both domestic sales
SsangYong Motor Co. is pushing for an intensive restructuring program as its performance is getting worse. It released a statement, endorsed by its executives and employees, at the end of last month to announce the program, which will come into effect in September.The company plans to slash the numb
Ssangyong E&C has received the Safety & Health Award Recognition for Projects (SHARP) for its two construction projects in Singapore, the T308 subway construction project and the Forest Woods Condominium project.The company received the awards at an award ceremony held by the Singaporean Ministry of