World-OKTA joins hands with lawmakers
The World Federation of Overseas Korean Traders Association (World-OKTA) held a seminar on July 8 to propose a dedicated organization for overseas Koreans.
The event, which took place in the National Assembly, was co-hosted by a...
South Korean firm launches new-concept product
South Korea’s massage chair company Bodyfriend introduced a product this week, which looks just like the Iron Man armor in the famous U.S. movies.
The product, called Phantom Rovo, has separate components for each leg,...
New owner promises to underpin cash-hungry carmaker
South Korean automaker SsangYong Motor released its new sports utility vehicle, dubbed the Torres, this week. Its sticker price starts from 27.4 million won ($21,000).
SsangYong hopes that the new offloading mid-sized SUV will...
Two countries hold hydrogen partnership seminar
H2Korea and the British Embassy in Seoul held on July 5 the first hydrogen partnership seminar between South Korea and the United Kingdom online.
The seminar is a follow-up event after the two countries signed...
US automaker tries to turn profit here
General Motors has chalked up deficits for the past eight years since 2014. Last year, its operating loss amounted to 376 billion won ($290 million) amid reduced sales.
The company strives to turn the...
Korean ginseng maker expands biz horizon
All companies tend to expand their business horizon to chalk up organic growth, and Korea Ginseng Corporation (KGC) is no exception as it taps into the pet food market.
The Seoul-based ginseng giant announced on...
State-backed agency celebrates 60th anniversary
South Korea has chalked up a fast economic growth based on exports, as demonstrated by such global corporations as Samsung Electronics and Hyundai Motor.
However, exports have been regarded as tall tasks for mid- and small-sized...
M&A gets brisk in the food & beverage markets
There were a few pieces of news about mergers and acquisitions (M&As) in the South Korean food and beverage market this week, which involved SPC Group and McDonald’s Korea.
On June 7,...
South Korean firm win recognition in information security
Korea Ginseng Corporation (KGC) announced on June 10 that the company had gained two certificates in information security from the International Organization for Standardization (ISO).
The Seoul-based company, which is the country’s largest...
Two firms target for next-generation service robot market
South Korea’s Hyundai Robotics announced on June 1 that the company had joined hands with global telecom powerhouse Vodafone during a recent trade fair in Germany.
The Seoul-based company noted that it would...
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