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 previously only been possible for bulk carriers and container ships. According to sources in the shipbui

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, Samsung Securities, and Samsung Asset Management. The interviewees said that their top-down meetings are bl

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 Samsung and Google about their interest in buying all or parts of itself, and requesting notification of

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 evidenced when the medical encyclopedia of Donguibogam beat China’s HuangdiNeijing to be registered as

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 shows a 25.3 percent increase from 8.06 trillion won (US$7.52 billion) a year earlier, said Samsung. It

“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 financial difficulties. To help those workers, Hyundai Motors made a marketing program that supports affected

“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 that the all-new Soul, debuted for the US market in October, will be well-received by all age groups ev

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, slowing down Korean business activities in Vietnam. However, as the Vietnamese economy shows signs of re

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 meaning anymore.” He added, “I’ve ordered the marketing team to look for a name that has a Korean fee

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, Seoul in the evening of October 2. They talked business for about an hour and a half there. Though uncle

The fire in SK Hynix’s Wuxi plant is boosting DRAM prices. Equipment orders for Samsung Electronics’ Xian plant are raising expectations for performance improvements of semiconductor equipment makers after 4Q 2013. As such, stock prices for semiconductor-related companies are entering an upward cycl

United Nations independent human rights experts have urged POSCO to immediately halt the construction of its steel plant in Odisha in Eastern India. POSCO has invested US$12 billion (approximately 12.882 trillion won) for this project. A group of eight human rights experts under the Office of the Un

For the fourth consecutive year, Korean Air has been acknowledged for its first-class service.Korean Air announced on October 2 that it became the winner of Asia’s Leading Airline First Class 2013 at the World Travel Awards Asia & Australasia Gala Ceremony 2013, held at Anantara Dubai The Palm Resor

The Wall Street Journal (WSJ) published a story on October 1 (local time) that Samsung Electronics should consider going public on the New York Stock Exchange in order to open up to foreign investors and boost its stock price. However, many analysts of the Korean stock market believe that its listin

While domestic automobile market growth is slowing down due to the economic recession and the complete vehicle labor union strike, hybrid models from Hyundai and Kia automobile companies and Toyota have received opposing reactions. According to the industry on October 2, Hyundai sold 46,257 domestic

The online edition of the Financial Times reported on October 1 that Samsung Electronics’ Vice Chairman Lee Jae-yong is facing a tough test with corporate succession on the horizon. According to the Financial Times, Samsung Group chairman Lee Kun-hee, who headed the company for 26 years, promoted hi

Korean automakers showed mixed performance last month. Hyundai Motor Company and Kia Motors took a serious hit from the labor strike. The former recorded a negative year-on-year growth for the first time in 13 years, and the latter’s monthly sales hit a record low. Meanwhile, GM Korea succeeded in r

“Currently, private jets owned by Korea’s conglomerates are less than 10 units. Considering demands for businesses in general and VVIP customers, the domestic market for air taxi and private jet charters is expected to grow. Right now, there are also only 50 units operating in Japan. But private jet

As a leader in the Korean aerospace industry, Korea Aerospace Industries (KAI) is the only domestic aircraft manufacturer and total system integrator that designs and assembles world-class aircraft and satellite systems and provides life cycle support for its products.The aircraft manufacturer headq

Korean companies such as Samsung Electronics, Hyundai Motors, and Kia Motors have significantly increased in brand value.According to the 2013 best global brands report released by the world’s leading brand consulting group Interbrand, two Korean companies currently rank among the world's top 50. Fo