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Reporter : Lee Hyo-sik
Sat, December 9, 2023 | 08:50
Daewoo E&C completes Guri-Pocheon Expressway
Daewoo Engineering & Construction (E&C) has completed construction of the Guri-Pocheon Expressway, linking the eastern part of Seoul with Pocheon and other cities in northeastern Gyeonggi Province, the builder said Wednesday. The 44.6-kilometer-long road, which will open at midnight on June 30, is expected to save significant travel time for motorists heading to and from nort...
Companies | 2017-06-28 16:35
Hyundai fights pediatric cancer
Hyundai Motor America CEO Jerry Flannery, left, poses with Brian Hansen Ladle, center, assistant professor of oncology at the Johns Hopkins Hospital, and Hannah Adams, fourth from left, the hope-on-wheels campaign ambassador, after donating $400,000 to the hospital at the automaker’s office in Washington D.C., Tuesday. Hyundai Motor donated an additional $600,000 to four othe...
2017-06-28 16:29
Kumho Tire riding on golf marketing
Kumho Tire has been using golf as a marketing tool to help raise its corporate brand image and bolster its sales. It has been hosting a golf tournament in China since 2013 and sponsoring many top Korean and non-Korean professional golfers. From July 7 to 9, the tiremaker will sponsor the Korea Ladies Professional Golf Association (KLPGA) tournament in Weihai, Shandong Provinc...
Companies | 2017-06-27 16:44
Bosch's sales growth slows in Korea
Bosch, one of the world’s largest auto parts makers, has seen its sales growth in Korea slow down over the past two years, hit by the country’s declining car production. Intensifying competition with Denso, Hyundai Mobis and other rivals has also made it harder for the German industrial giant to increase its sales here. Robert Bosch Korea said Tuesday it earned about 2.3 tril...
Companies | 2017-06-27 16:37
Dongwon Systems offers comprehensive packaging for food firms
Dongwon Systems has been providing a wide range of packaging materials to food and other consumer goods makers at home and abroad. The company, which has become Korea’s largest packaging supplier through a series of mergers and acquisitions over the past few years, plans to take over more firms to become a global powerhouse. The packaging unit of Dongwon Group produces plasti...
Companies | 2017-06-26 16:25
P&G strives to protect environment
Procter & Gamble (P&G) has long been placing top priority on protecting the environment as part of efforts to achieve sustainable growth and fulfill its corporate social responsibility. The U.S. consumer goods giant has made significant investments over the years to make its business more sustainable and eco-friendly. It has been working hard to reduce greenhouse gas emission...
Companies | 2017-06-26 16:19
'Demand for new apartments will dampen'
The government’s recent move to tighten mortgage rules and restrict transactions of apartments under construction will dampen the appetite for new housing, analysts said Wednesday. But a range of measures announced Monday to rein in soaring apartment prices will not cool the overall housing market, given the ample liquidity and lack of other investment choices. The analysts said if the trend continues, policymakers will likely introduce stronger steps in the coming months to curb demand. “I think the June 19 measures will adversely affect those seeking to purchase new apartments because it b...
Economy | 2017-06-22 18:35
Air Seoul going into expansion mode
Air Seoul will fly to major destinations in Japan and Southeast Asia, taking passengers from Jeju Air and four other local low-cost carriers (LCCs), the company chief said Thursday. CEO Ryu Kwang-hee told reporters that the carrier, which began operations last October, will operate on international routes to Osaka and Guam, both popular destinations for Korean tourists, from ...
Companies | 2017-06-22 16:15
Genesis tops premium vehicle quality ranking
Genesis, Hyundai Motor Group’s premium brand, topped a U.S. vehicle quality study among 13 luxury brands including Porsche, Mercedes-Benz, BMW and Lexus, Korea’s largest carmaker said Thursday. In the overall initial quality ranking, Kia Motors was first among 32 brands, including 13 premium cars, for the second consecutive year. Company officials expect the latest findings w...
Companies | 2017-06-22 16:05
Lotte, Shinsegae vie to control 11st
Shinsegae and Lotte are competing to take over control of 11st, an e-commerce site owned by SK Group, to bolster their presence in the burgeoning online shopping industry. According to industry officials Wednesday, SK Planet, which operates the nation’s second-largest shopping mall by sales after Gmarket, wants either Shinsegae Group or Lotte Group to manage the unprofitable online shopping operation as the company has failed to turn it around. SK Planet has not yet decided as to how it would let one of the retailers run 11st. But the most likely scenario is that the firm first spins off the...
Companies | 2017-06-21 16:01
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