Nexen Tire, one of Korea’s largest tire manufacturers, announced on September 11 that it will release a four-season high performance (HP) tire “N’Priz AH5.” The four-season HP tire is customize...
2012-09-12 10:29
Intersave, which runs a webgame portal (www.webgm.co.kr), is set to launch a free open beta service for its new webgame “Legend of Heroes (LOH)” on September 18. The Korea’s first wire and wireless...
2012-09-12 10:26
Hyundai Mobis announced on September 11 that it signed a deal worth US$160 million with GM to supply integrated switch modules. This is the fourth agreement Hyundai Mobis signed with GM since it de...
2012-09-12 10:23Yogurt maker Korea Yakult announced on September 11 that its sales of the fermented milk drink “Yakult” passed the level of 45 billion bottles in 41 years after being introduced in Korea. Korea...
2012-09-12 10:21
Domestic buyers of import cars would take the benefit of price cuts as the Korean government decided to reduce individual consumption tax on cars. From September 10 to the end of this year, imp...
2012-09-12 08:51SK Engineering & Construction said on September 11 that it had won a US$380-million construction order in Kuwait. This is the world's largest amount among electric power substation projects. Commi...
2012-09-12 03:05The world's largest reinsurance company in 2011 was Munich Re. Korean Re was ranked No. 10, the first time in the AM Best ranking. According to the "2011 global top reinsurers" published by AM Bes...
2012-09-12 02:55Hankook Silicon, the manufacturer of polysilicon, said on September 10 that it had signed an agreement to build a 10,000-ton polysilicon plant in Uzbekistan with a local partner. Polysilicon is a c...
2012-09-12 02:30Korea's logistic and shipping company CJ GLS will enter the Turkish package delivery and logistics market. A CJ GLS official said on September 11, "We are working on establishing a Turkish local co...
2012-09-12 02:17The initial public offering market that has been in the worst shape since the 1997 financial crisis is showing signs of reviving, as a number of large-scale IPOs over 1 trillion won is in the works...
2012-09-12 02:07Woori Financial Group will introduce Korea's first trust-and-lease-back program for those "House Poor" who are unable to make monthly mortgage payments. The homeowners taking advantage of this prog...
2012-09-12 00:22Household loans by depository corporations renewed record-high for three consecutive months. According to the Bank of Korea (BOK) on September 11, the total amount of household loans by depos...
2012-09-11 18:36Daehwa Pharmaceutical announced on September 10 that it has acquired a patent for its oral anti-cancer drug DHP 107 from the European Patent Office. With this, Daehwa Pharmaceutical could prote...
2012-09-11 11:07As the economic slump prolongs, a string of premium brands such as Louis Vuitton and Gucci are cutting prices. Louis Vuitton, for example, cut the price of its wristwatches by 12 percent on ave...
2012-09-11 11:06
NHN announced on September 10 that “Line,” a mobile messenger service developed by NHN Japan, broke the level of 60 million in the number of subscribers two days ago. Given that the number o...
2012-09-11 11:05
The National Pension Service (NPS) has begun running an emergency inspection system for its investment management department with the appointment of acting chief investment officer and global alternative investment head, the South Korean pension fund said on July 25. In-Sik&hellip
South Korean asset managers are joining hands with French property investment firms to buy prime commercial buildings in the Netherlands and Belgium as they are turning eyes to the Benelux region for higher returns, sending their real estate values to&hellip
Blackstone, Kuwait Investment Authority (KIA) and three property investment firms are vying for Sony Center in Berlin which South Korea’s National Pension Service (NPS) has put on the block in a transaction expected to fetch around €1.1 billion ($1.3 billion),&hellip
