Mando will accelerate its global market penetration by setting up an auto parts manufacturing complex in Mexico.Mando announced on Aug. 16 that it held a groundbreaking ceremony for its new auto parts manufacturing plant in Arteaga City, Coahuila Province, located in northeastern Mexico. Having a to
Samsung C&T has announced that it held a ground-breaking ceremony for a public library in Ha Tinh Province, central Vietnam, on Aug. 14, attended by provincial officials.The company will build a two-story public library with a total area of 400 square meters in Ha Tinh Province, donate it to the pro
LG Electronics is hosting a road show in eight of China's major cities to promote its strategic home appliances, starting with Nanjing.The company showcased its high-end products at the upscale shopping mall of Wanda Plaza in Nanjing, the capital of China's eastern province of Jiangsu, and c
Hanwha Corporation, the nation’s leading explosives producer and global total explosives supplier, is taking over all stocks of Low Density Explosives (LDE) Corporation Australia, Australia’s mining service provider, and LDE Corporation USA, for the price of 39 billion won (US$32.98 million).Hanwha
As part of the Saemaul movement project that aims to improve the environment, promote agricultural self-reliance, and increase the sources of agricultural income for local farmers, CJ Group and the Korea International Co-operation Agency (KOICA) are pushing ahead with the construction of a water pip
SK Telecom (CEO Jang Dong-hyun) announced that it has received three awards from the 2015 Red Dot Award held in Germany on Aug. 10.The nation's larggest mobile carrier said that Boxchool, Cover&, and the Linkage EF Hearing Aid have won prizes in the Design Concept, Communication Design, and Prod
Daum Kakao's appointment of 35-year-old Rim Ji-hoon as the company's new CEO on Aug. 10 shows a willingness to restructure the company in line with the mobile era. The company stated that it has nominated the young CEO to "swiftly drive change and innovation in the rapidly-evolving mobile er
South Korean retail giant E-Land Group announced on Aug. 10 that it has established a joint venture with Parkson Retail Group, the leading retail group in Chinese-speaking countries, to open China’s first premium lifestyle shopping mall.E-Land Group Vice Chairman Park Sung-kyung had a joint venture
Since pushing into the market of Shanghai in China in Sept. 2004, Paris Baguette, a South Korean bakery chain owned by the SPC Group, has opened a total of 184 stores in China, the U.S., Vietnam, Singapore, and France as of Aug. 2015, introducing the excellence of Korean bakeries to the whole world.
SK Hynix (CEO Park Sung-wook) announced on Aug. 5 that it would expand a partnership with SanDisk, a U.S.-based supplier of flash memory solutions. The partnership includes the agreements to modify and extend their intellectual property licensing relationship and enter into a commercial relationship
Hyundai Engineering (President Kim Wi-chul) has reconfirmed its position as the nation’s best engineering company this year once again. The company announced on Aug. 4 that it has ranked 26th in the Top 225 International Design Firms rankings published by U.S.-based construction and engineering maga
Samsung Electronics announced on July 30 that it has recorded 48.54 trillion won (US$41.47 billion) in sales and 6.9 trillion won (US$5.9 billion) in operating profits in the second quarter of 2015.Sales have increased by nearly 3 percent, from 47.12 trillion won (US$40.26 billion) in the previous q
LG Electronics said on July 29 that it posted 13.92 trillion won (US$11.94 billion) of sales and 244.1 billion won (US$209.4 million) of operating income in the second quarter of this year.The sales stood at a similar level to that in the previous quarter, which was 13.99 trillion won (US$12.00 bill
Korea Railroad Corporation (Korail), the nation-wide railroad operator, is a state-owned corporation (SOC). Up until 2013, Korail had suffered a bad reputation for its chronic deficits and militant unions. In Oct. 2013, the amount of debt reached 17 trillion won (US$14.7 billion), and the debt-to-eq
The Ministry of Strategy and Finance gave Korea Asset Management Corporation (KAMCO) an A grade for its excellent management in 2014. At the end of 2013, net profits were posted as 51 billion won (US$46 million), but by the end of 2014, net profits increased 1.7 times, marking 93.9 billion won (US$8
Samsung Electronics' share of the Chinese smartphone market fell to single digits in the second quarter of this year, thus its ranking went down to 5th place.According to market research firm IHS Technology on July 28, Samsung accounted for only 9 percent of the Chinese smartphone market in Q2 2
Sejoong Integrated Solutions (I.S.), a Korean information solutions services provider, announced on July 27 that it participated in the 5th International Federation of American Football (IFAF) World Championship, which was held in Canton, Ohio, from July 9 to 18, as the sponsor of the Korean nationa
Online business English training service provider “BeNative Pro” (http://www.benativepro.kr) was selected as the winner in the platform sector at the Stratus Awards 2015 in the U.S.Smatoos, Inc., which operates BeNative Pro, announced that it was chosen as the Platform as a Service of the Year at th
Samsung Electronics is setting up a bank, tentatively named “China Samsung Finance Corporation,” in a bid to efficiently manage the capital of local subsidiaries and subcontractors in China. This is the first case for domestic industrial capital to solely establish a financial company in mainland Ch
Seoul Semiconductor has won a patent lawsuit against U.S.-based electronics maker Craig Electronics.The Korea’s leading light-emitting diode (LED) specializer said on July 26 that the U.S. Federal Court ruled favorably for the company by acknowledging the validity of its five patents and patent infr