KG Mobility has returned to profitability for the first time in seven years with its best-ever first-half performance in the first half of this year. The automaker gave credit for its popular Torres model, which showed brisk sales.KG Mobility announced on Aug. 2 that it sold 65,145 units in the firs
ONDA, a South Korean hospitality technology company, is making inroads into the Turkish hotel solutions market. This expansion is fueled by a strategic partnership with CMH Solutions, a top player in the Turkish hotel and resort industry.ONDA (CEO Hyun-seok Oh) announced it has signed a Memorandum o
According to the Korea Agro-Fisheries & Food Trade Corporation (aT) and the Korea Customs Service on July 26, the annual ramen export value last year increased by 13.5% compared to the previous year, amounting to US$765.43 million (945.3 billion won).When adding the sales from overseas local factori
Recently, the glass door of a washer produced by LG Electronics that was purchased only a month previous suddenly exploded into pieces. Since 2022, there have been a series of accidents involving the breakage of tempered glass attached to washing machines, raising concerns among consumers.According
Global brand Chevrolet starts full-fledged sales today with the official launch of ‘THE NEW TRAILBLAZER’ in Korea.Debuted in the global market in 2020, the Chevrolet Trailblazer is a model that sets the standard for a premium compact SUV with unique designs that can be selected according to consumer
Flitto, a leading AI language data company in South Korea, announced that Heba Farouk Mohamed Shahein, a high-ranking official from the Egyptian government, visited Flitto's headquarters on July 20th.During the visit, Flitto gave a comprehensive tour of headquarters and provided an in-depth pres
The Chevrolet Trax Crossover and Trailblazer, GM Korea’s two flagship models, ranked first and second in Korea’s passenger car exports in June thanks to a surge in demand from the North American market.According to the Korea Automotive Manufacturers Association (KAMA) on July 20, the Trax Crossover
Daewoo E&C announced on July 17 that the economic delegation from Turkmenistan, including the deputy prime minister, the president of the Foreign Economic Bank, and the chairman of Turkmenhimiya, visited the Daewoo E&C headquarters in Euljiro during their visit to Korea on July 16 for a meeting with
Elliott Management, a U.S.-based private equity fund, criticized the South Korean government’s decision to file an appeal lawsuit against an international investment dispute decision, saying that “the rejection of the decision sends the wrong message that South Korea is tolerant of corruption.” The
IGIS Asset Management is reportedly considering selling real estate in Germany to prevent additional deterioration of the profitability of a fund under its management.According to financial sources on July 18, IGIS announced on their website on July 17 regarding the primary risk conditions and measu
South Korea was the world’s largest luxury goods consumer in previous year with an average spending of US$325 per person (as estimated by Morgan Stanley), surpassing the United States and China to rank first globally. However, the situation has significantly changed this year due to the economic dow
The South Korean government and private companies are plunging into Ukraine's reconstruction project, which is estimated to be worth more than 1,500 trillion won in total. The government, in partnership with Poland, Ukraine's neighboring country and the largest Ukrainian supporter within Eur
CJ CheilJedang announced on July 13 that its feed amino acid brand Best Amino has been selected as one of the Top 100 Global New Brands of 2023 by global information service company Clarivate Analytics.Best Amino has been recognized for its leading position and competitiveness in the global amino ac
Coway Co., Ltd., the “Best Life Solution Company,” has once again received recognition as one of South Korea’s “Best Korea Brands 2023” by Interbrand, a global brand consultancy. This achievement marks the company's 9th consecutive year of being included among South Korea's top brands.Every
Hyundai Mobis announced on July 6 that its ongoing battery cell joint venture investment with LG Energy Solution in Indonesia has recently been named “Asia Deal of the Year for 2022” by Trade Export Finance (TXF), a British financial research institute. TXF highly recognized the value of the battery
As the trend of de-sinicization rises across industries in Korea, Altasia is emerging as an alternative to China.The Korea Chamber of Commerce and Industry (KCCI) released the results of its study on changes in the global trade structure and countermeasures on July 5, revealing that 14 Asian countri
The number of luxury cars costing more than 300 million won registered in Korea has crossed the 6,000 mark. Foreign luxury car brands such as Rolls-Royce, Ferrari and Bentley are eyeing the growing Korean luxury car market.Korea had a total of 6,299 luxury vehicles that cost more than 300 million wo
The author is an analyst for Shinhan Securities. She can be reached at kimaram@shinhan.com -- Ed.YLAB is a webtoon studio that has published popular titles like Island, Reawakened Man, Terror Man, Get Schooled, Reality Quest, and Study Group on NAVER Webtoon. Some of these stories are set in a share
Hyosung TNC announced on July 3 that it will present a range of environmentally friendly textiles and fabrics at “Interfilière Paris 2023,” the world's largest swimwear, lingerie, and textile material exhibition, held in Paris, France from July 2 to 4.At the exhibition, Hyosung TNC collaborated
On July 1 (local time), the U.S. Humira biosimilar market, worth 24 trillion won a year, opened. In the first week alone, six Korean and foreign companies plan to launch their products.According to sources in the biotech industry on July 2, Samsung Bioepis launched Hadlima, a Humira biosimilar, in t