luxury car brand
Scope
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Automobiles
Hyundai, Kia take throne in Russia on decade of investment
Hyundai Motor Group, the world’s fifth-largest carmaker, topped the Russian automobile market last month for the first time since January 2017...
Sep 27, 2021 (Gmt+09:00)
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Advertising & Marketing
CJ enters 5-year marketing partnership with LA Lakers
South Korea’s CJ Cheiljedang Corp. will be sponsoring the Los Angeles Lakers (LA Lakers) as the first global partner of the American basketbal...
Sep 23, 2021 (Gmt+09:00)
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Future mobility
SK's car-sharing service SoCar Malaysia sees valuation top $210 mn
Car-sharing platform SoCar Mobility Malaysia has raised around 65 billion won ($55.6 million) from South Korean private equity firm EastBridge Partn...
Sep 16, 2021 (Gmt+09:00)
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Retail
Millennials now S.Korea’s largest buyer of luxury goods
The millennials have become the largest spenders on luxury goods at department stores in South Korea. According to joint research by The Korea Econo...
Sep 14, 2021 (Gmt+09:00)
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Automobiles
Automotive security in spotlight on growing EV market
The automotive security technology for automotive electronics is in the spotlight as the global electric vehicle market is growing. The information ...
Sep 14, 2021 (Gmt+09:00)
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Retail
Korea’s Simone: Rise from replica handbag maker to luxury brand
UIWANG, Gyeonggi Province – Simone Acc. Collection Ltd., a South Korean luxury handbag maker, stresses one interesting number to its clients w...
Sep 09, 2021 (Gmt+09:00)
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Intel to invest up to $95 billion in European chipmaking amid US expansion
Intel Corp. plans to build new chipmaking facilities in Europe valued at up to $95 billion, responding to a cross-border race to add manufacturing c...
Sep 08, 2021 (Gmt+09:00)
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M&As
Korean beauty brand Too Cool For School is up for sale
Too Cool For School Corp., a South Korean budget makeup and beauty brand, is up for sale as its two co-CEOs and related parties aim to sell their en...
Sep 07, 2021 (Gmt+09:00)
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Electric vehicles
Genesis goes green as Hyundai Motor accelerates EV push
South Korea’s top automaker Hyundai Motor Co. on Thursday unveiled its vision for a sustainable future, in which all its new vehicles under th...
Sep 02, 2021 (Gmt+09:00)
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Metaverse
Hyundai Motor develops Roblox virtual mobility experience game
South Korea’s top automaker Hyundai Motor Co. has developed an interactive metaverse game to be played on its online entertainment platform Ro...
Sep 01, 2021 (Gmt+09:00)
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IPOs
Blackstone, Hahn & Co. to make $800 mn in two Korean IPOs
South Korea's largest used car seller K Car Co., wholly owned by Hahn & Co., will go public on the country's main stock exchange in October, whi...
Aug 31, 2021 (Gmt+09:00)
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Future mobility
S.Korean govt to spend $5.4 bn to develop sensors, improve EV repair
South Korean government will spend 6.3 trillion won ($5.4 billion) next year in supporting the state-designated Big 3 industries: future vehicles, n...
Aug 30, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Coffeebanhada, known for robot barista, seeks investment for expansion
Coffeebanhada, a South Korean budget coffee chain operator, is seeking to attract investment from private equity funds and strategic investors.Accor...
Aug 30, 2021 (Gmt+09:00)
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Retail
Rolex emerges as latest target of S.Korea’s luxury brand fever
Rolex watches are now the latest object of South Korea’s unwavering love for luxury goods. The high demand and limited supply of Rolex watches...
Aug 24, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai Motor previews Genesis GV60, its first electric luxury CUV
Hyundai Motor Co. on Thursday unveiled the design of the GV60, the luxury Genesis brand’s first electric vehicle that sits on the E-GMP, the...
Aug 19, 2021 (Gmt+09:00)
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Automobiles
Luxury imported car sales growth at 5-yr high in S.Korea
Mercedes-Benz, BMW and Porsche have driven the double-digit growth of imported car sales in South Korea in the first seven months of this year, with...
Aug 17, 2021 (Gmt+09:00)
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Earnings
‘Revenge shopping’ lifts Korean retail giants’ Q2 earnings
Major department stores in South Korea such as Shinsegae Department Store and Hyundai Department Store Co. have seen their earnings improve signific...
Aug 13, 2021 (Gmt+09:00)
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Automobiles
Samsung Electro-Mechanics aims to take lead in MLCC market
South Korea-based electronic components maker Samsung Electro-Mechanics Co. is looking to take lead in the multi-layer ceramic capacitors (MLCC) mar...
Aug 13, 2021 (Gmt+09:00)
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Retail
Shinsegae to invest about $900 mn in department stores
South Korea's retail giant Shinsegae Group will invest 1 trillion won ($866 million) in local department stores this year to reinforce the busines...
Aug 11, 2021 (Gmt+09:00)
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Electric vehicles
Global carmakers to speed up EV push as governments pressure harder
US and European governments are pressing harder with tough regulations to expand electric vehicles (EV) adoption for cutting emission. Global automa...
Aug 06, 2021 (Gmt+09:00)
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Automobiles
Hyundai quadruples sales of eco-friendly cars in US
Hyundai Motor Co. has sold more than four times of eco-friendly cars in the US compared to last year. The company said on Aug. 5 that the number of ...
Aug 06, 2021 (Gmt+09:00)
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Automobiles
Carmakers log strong profits despite chip shortage
Global carmakers such as Stellantis N.V., BMW, Ford Motor Co. and Hyundai Motor Group surprised investors with strong earnings despite the automotiv...
Aug 04, 2021 (Gmt+09:00)
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EV Batteries
Hyundai Motor, LG Energy to build $1.1 bn EV battery plant in Indonesia
Hyundai Motor Group and LG Energy Solution Ltd. will invest $1.1 billion in an electric vehicle (EV) battery cell factory in Indonesia to capture As...
Jul 29, 2021 (Gmt+09:00)
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Food & Beverage
Shinsegae enters alternative meat market with own brand
South Korea’s retail conglomerate Shinsegae Group’s food affiliate Shinsegae Food Inc. has entered the fast-growing alternative meat mar...
Jul 28, 2021 (Gmt+09:00)
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Automobiles
Surging global used car demand brightens Hankook Tire outlook
The global tire industry is enjoying a boom driven by fast-growing used car demand in the world. Hankook Tire & Technology is seen as a key bene...
Jul 23, 2021 (Gmt+09:00)
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E-commerce
Shinsegae-Naver alliance to sell local-themed meal kits as first collaboration
Shinsegae Group and Naver Corp. have jointly devised their first retail business model in about four months after their long-term business agreement...
Jul 20, 2021 (Gmt+09:00)
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M&As
IMM PE to buy $1.3 bn stake in Korea’s top furniture brand Hanssem
Hanssem Co., South Korea’s largest furniture and home furnishing company, said on Wednesday its honorary chairman and other key shareholders h...
Jul 14, 2021 (Gmt+09:00)
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Monthly trade infographics
Korea's automobile exports log double-digit growth between Jan and May
Automobile exports log double-digit growth for five straight months In May 2021, exports of automobiles nearly doubled compared to the year-earlier...
Jul 12, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Debt-ridden Ssangyong to sell car plant in self-rescue drive
Ssangyong Motor Co., the debt-ridden South Korean unit of India’s Mahindra and Mahindra Ltd. now in court receivership, has decided to sell it...
Jul 12, 2021 (Gmt+09:00)
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Retail
Kodak, National Geographic pivot to become fashion brands in Korea
For more than a century, Kodak was a household name for quality cameras that were treated as valuable possessions -- often kept in the cabinet and o...
Jul 08, 2021 (Gmt+09:00)
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