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Wed, February 1, 2023 | 11:14

Hyundai Motor's Lee Suk-yi becomes 17th sales master with 5,000 cars sold

Hyundai Motor's Lee Suk-yi becomes 17th sales master with 5,000 cars sold

Lee Suk-yi, sales general manager of Hyundai Motor's Cheonan West Branch, was selected as the company's latest sales master after achieving the sales of over 5,000 vehicles, the company announced Monday. Sales master is an honor given to employees who have exceeded 5,000 cumulative sales, and only 17 people, including Lee, have been honored with the title.

Kim Hyun-bin | 2023-01-16 13:49

Kyochon set to enter Taiwan

Kyochon set to enter Taiwan

Kyochon F&B, the owner of Korea's leading fried chicken franchise Kyochon Chicken, said Sunday that it signed a memorandum of understanding (MOU) with La Kaffa International Group (La Kaffa) for a master franchise contract to enter the Taiwanese market. La Kaffa is one of Taiwan's top three food and beverage companies that leads the restaurant business there with its solid in...

Kim Jae-heun | 2023-01-16 08:52

Companies rush to open pop-up stores to woo young consumers

Companies rush to open pop-up stores to woo young consumers

Companies across the board, including food firms, entertainment agencies and foreign luxury brands, are rushing to open pop-up stores to meet with young customers and appeal to their corporate values, according to industry officials Tuesday. As the COVID-19 pandemic enters an endemic phase here, people are rushing out to enjoy outdoor activities, and pop-up stores have become...

Kim Jae-heun | 2023-01-15 17:04

Dongwon, Binggrae recall contaminated products

Dongwon, Binggrae recall contaminated products

Dongwon Food & Beverage (F&B) and Binggrae have issued recalls for their products that have been found to contain bacteria and iron fragments, while providing refunds to buyers, according to company officials Monday.

Kim Jae-heun | 2023-01-15 17:03

Koreans' per capita spending on luxury goods highest in world

Koreans' per capita spending on luxury goods highest in world

Koreans were found to have spent the most per capita on high-priced bags and other luxury goods, according to a report by Morgan Stanley. The global investment bank said it estimated that Koreans' total spending on luxury items grew 24 percent to $16.8 billion (208.6 trillion won) in 2022 from a year ago, which is about $325 per person. The per capita figure is far more than ...

Kim Jae-heun | 2023-01-15 17:03

LG Chem CEO to lead chemical consultative body at Davos

LG Chem CEO to lead chemical consultative body at Davos

Shin Hak-cheol, vice chairman and CEO of LG Chem, has been elected chair of an industrial consultative body at the World Economic Forum (WEF) in Davos, Switzerland, the chemical arm of LG Group said Sunday. The company said Shin now heads the WEF's Chemical & Advanced Materials Industry Governors for the next two years until 2024. The body is comprised of CEOs from around 30 ...

Baek Byung-yeul | 2023-01-15 16:11

LG focuses on offering upgradable home appliances: appliance chief

LG focuses on offering upgradable home appliances: appliance chief

CLARKSVILLE, Tenn. - LG Electronics will focus on expanding its ThinQ Up upgrade system for home appliances to global markets in order to offer customers a better user experience, its home appliance head said, Jan. 9. “In early 2022, LG released home appliance with the Up feature, which enables users to upgrade their gadgets. In the global market, we call the service ThinQ Up...

Baek Byung-yeul | 2023-01-15 10:10

Korea's property tax to GDP highest among OECD: lawmaker

Korea's property tax to GDP highest among OECD: lawmaker

Koreans faced the heaviest property tax burden relative to the country's gross domestic product (GDP) among OECD members in 2021, resulting from multiple failed real estate policies under the previous Moon Jae-in administration, a ruling party lawmaker said Friday.

Lee Kyung-min | 2023-01-14 09:00

LGES-Honda EV battery venture sets sail in US

LGES-Honda EV battery venture sets sail in US

LG Energy Solution (LGES) said Friday its joint U.S. electric vehicle (EV) battery venture with Japan's Honda Motor has officially set sail, taking a step further in the advance into the American market.

2023-01-13 18:23

Young drivers rush to sell cars as interest rates rise and economy sputters

Young drivers rush to sell cars as interest rates rise and economy sputters

Many young drivers in their 20s to 40s are rushing to sell their vehicles, burdened by high interest rates and inflation amid an economic recession, according to industry officials, Friday. The Ministry of Land, Infrastructure and Transport's car registration data in December last year showed the number of vehicles registered by males in their 20s to 40s decreased by 98,967 f...

Kim Hyun-bin | 2023-01-13 17:04

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