KT announced on Dec. 1 that it had swept two categories at the GLOTEL AWARDS 2023 held in London, the U.K., on Nov. 30 (local time). Nominated in four categories -- 5G Future Vision, 5G Specialized Network Project of the Year, Best Telecommunications Operator, and Security Solution of the Year -- KT
Sport utility vehicles (SUVs) are dominating the Korean new car market this year. More than six out of 10 new models sold this year were SUVs.A total of 767,979 SUVs, including recreational vehicles (RVs) such as minivans, were sold in Korea from January to October this year, according to industry s
bereum, a company specializing in postbiotics research for over 30 years, led by CEO Han Kwon-il, proudly announced that their meticulously crafted feminine beauty care brand, Young Clair Foam Wash, has secured the 1st place in the Feminine Care category at the 2023 Hwahae Beauty Awards.Young Clair
Samsung Electronics’ subsidiary Harman is set to acquire the American company “Roon,” known among music enthusiasts as “the world’s best music streaming platform.” The industry expects significant synergy from the collaboration between Harman, known for its hardware prowess in sound equipment, and R
Coway Co., Ltd., the “Best Life Solution Company,” announced today that its Seoul-based R&D Center, the Coway Environmental Technology Research Institute, has been recognized as an international testing laboratory by the Korea Laboratory Accreditation Scheme (KOLAS) for the 22nd consecutive year.The
Dyson recently announced on Nov. 22 that it would resolve ongoing after-sales service (AS) delays for its hairdryer products in South Korea by the end of this month in response to increasing complaints from Korean consumers. The company also promised to introduce free repairs within 72 hours.Through
Coway Co., Ltd., the “Best Life Solution Company,” announced today that it has been named a CES® 2024 Innovation Awards Honoree by the Consumer Technology Association (CTA) for its groundbreaking BEREX Reclining Massage Bed.The CES Innovation Awards, an annual competition sponsored by the Consumer T
Hyundai Motor Company today announced that its brand value reached $20.4 billion in Interbrand’s ‘Best Global Brands 2023’, ascending in valuation for 13 straight years. This represents the third highest year-over-year valuation increase out of 100 brands. The company’s brand rank rose from 35th to
The Korea Startup Forum (Chairman Jae-Wook Park, hereinafter referred to as KSF), the organizing organization of the global startup festival COMEUP, announced that COMEUP 2023, which was held at Dongdaemun Design Plaza (DDP) for three days from November 8 to 10, attracted about 66,000 people. It was
Hyundai Motor Group’s three car brands -- Hyundai, Kia and Genesis -- sold 173,428 units in the U.K. passenger car market in the first 10 months of this year, up 8.7 percent year on year, according to the Society of Motor Manufacturers and Traders (SMMT) on Nov. 20. Their market share stood at 10.8
The export revenue of ramen, which celebrates its 60th anniversary this year, has surpassed 1 trillion won for the first time in history.According to trade statistics from the Korea Customs Service on Nov. 20, the export revenue of ramen for the first 10 months of this year reached US$785.25 million
Korean researchers have developed a world-class ruthenium (Ru) catalyst for ammonia decomposition that will accelerate production of clean hydrogen by extracting hydrogen from ammonia, the key to the hydrogen economy quickly and in large quantities. Above all, the world does not have a commercial pr
“Samsung Gauss will go beyond simply understanding and generating language to maximize interactions between users and devices and provide a more intuitive and natural user experience,” said Lee Joo-hyung, vice president of Samsung Research, in a demonstration of Samsung Gauss at the Samsung Develope
Kolmar BNH, a leading Korean health functional food ODM company, is setting its sights on the global market based on world-class manufacturing and quality technology. Notably, HemoHIM, an immune function-improving health functional food developed and manufactured by Kolmar BNH, is elevating the stat
South Korean botox titans Medytox and Hugel are both expected to set a new record for their annual sales this year.According to industry sources on Nov. 14, Medytox’s cumulative sales for the third quarter reached 153.1 billion won (US$116.34 million), marking a 7.2 percent increase compared to the
Pernod Ricard Korea, the Korean division of the global wine and spirits company Pernod Ricard, has demonstrated as one of the top 3 finalists in the ‘Golden Stars’ category and received the certificate at the ECCK Sustainability Awards 2023 organized by the European Chamber of Commerce in Korea.The
Hana Bank announced its achievement in winning the “Best Private Bank in Korea" award for 2023 at the 15th Global Private Banking Awards co-hosted by global financial publications The Banker and Professional Wealth Management (PWM). This marks the bank’s 11th win since first receiving the award in 2
Coway Co., Ltd., the “Best Life Solution Company,” today reported financial results for the third quarter of 2023."We’re delighted to report another stable quarter, thanks in part to the expansion of our successful sleep and wellness brand, BEREX, as well as our strategic investments in R&D, IT, and
Korea Water Resources Corporation (K-water) signed a business agreement with three companies – Plug Power, SK E&S and SK Plug Hyverse – in Albany, New York in the United States on Nov. 3 (local time) to expand the use of green hydrogen and rev up the industry.The agreement was signed to accelerate t
This summer, the country has seen an unusually high number of landslides due to concentrated heavy rainfalls. In 2023, the nationwide damage from landslides amounted to 2,410 cases with 458 hectares of land lost, resulting in 15 fatalities. Business Korea had a detailed conversation with Choi Byeong