overseas brand sales
Scope
Date
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SK E&S mulls sale of real estate to boost clean energy biz
SK E&S Co., the natural gas business unit of South Korea’s SK Group, is considering selling its real estate asset in Seoul, which is expec...
Sep 13, 2024 (Gmt+09:00)
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Retail
Shinsegae Duty Free opens premium store at Incheon Airport
South Korea's Shinsegae Duty Free launched a premium store at Incheon International Airport, aiming to counter the decline in downtown duty-free sal...
Sep 11, 2024 (Gmt+09:00)
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Culture & Trends
Nation With Lowest Birthrate Is Rocked by Soaring Sales of Dog Strollers
SEOUL—After pushing a stroller to a park near her home in a Seoul suburb, Kang Seung-min plopped down on a bench. Then an elderly woman ap...
Sep 11, 2024 (Gmt+09:00)
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Automobiles
Kia ranks first in customer satisfaction in India
Kia Corp. said on Tuesday that it ranked first in the mass-market brand category in the customer experience index survey recently released by India'...
Sep 10, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion chairman announces venture into CDMO market
South Korea’s biosimilar maker Celltrion Inc. will venture into the contract development and manufacturing organization (CDMO) market, the com...
Sep 09, 2024 (Gmt+09:00)
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Batteries
SK Ecoplant sells off stake in Ascend Elements for $98 million
SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, has unloaded all its holdings in US-based lith...
Sep 09, 2024 (Gmt+09:00)
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Automobiles
Hyundai's Casper, Tesla boost Korea’s online car sales
South Korea’s online car sales are expected to exceed 5 trillion won ($3.7 billion) and hit a record high this year, driven by rising internet...
Sep 09, 2024 (Gmt+09:00)
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Automobiles
Nexen Tire N'FERA Supreme surpasses 1 mn sales
South Korea’s Nexen Tire Corp. said on Sunday its premium high-performance all-season tire N’FERA Supreme has exceeded 1 million cumulat...
Sep 09, 2024 (Gmt+09:00)
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Corporate strategy
Lotte to foster Pepero as global brand by 2035: Chairman Shin
Lotte Group has selected Pepero — a thin chocolate-covered stick cookie — as the first brand that it will foster into one of the world&r...
Sep 08, 2024 (Gmt+09:00)
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Real estate
Daishin Securities shelves main office building sale to NH-Amundi
Daishin Securities Co. has called off a plan to sell its headquarters building in a central business district of Seoul to NH-Amundi Asset Management...
Sep 06, 2024 (Gmt+09:00)
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Healthcare
Hyundai Department to triple healthcare sales by 2030 with Nestle
Hyundai Department Store Group, a South Korean conglomerate controlling retail, fashion, healthcare and lifestyle businesses, aims to triple its hea...
Sep 06, 2024 (Gmt+09:00)
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Pension funds
S.Korea's NPS opens fourth overseas office in Silicon Valley
South Korea's National Pension Service (NPS), the world's third-largest pension fund, opened an office in Silicon Valley, San Francisco, on Septembe...
Sep 06, 2024 (Gmt+09:00)
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Automobiles
Hyundai, Kia post record August US sales, driven by hybrids, EVs
South Korea’s Hyundai Motor Co. and its sister firm Kia Corp. saw their US vehicle sales in August rise to all-time highs, driven by eco-frien...
Sep 05, 2024 (Gmt+09:00)
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Electric vehicles
Mercedes-Benz EV sales tumble in South Korea after fire
German luxury carmaker Mercedes-Benz AG suffered a nosedive in EV sales in South Korea in August after a fire broke out in one of its electric vehic...
Sep 05, 2024 (Gmt+09:00)
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Banking & Finance
Hana Bank opens overseas office in Monterrey, Mexico
Hana Financial Group announced on Thursday that it opened the Monterrey Office, the first business channel of Hana Bank Mexico, in Monterrey, Mexico...
Sep 05, 2024 (Gmt+09:00)
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Automobiles
Hyundai Transys tops JD Power's car seat quality evaluation
South Korea's Hyundai Transys Inc., an auto parts affiliate of Hyundai Motor Group, said on Wednesday that it ranked first for the first time in the...
Sep 04, 2024 (Gmt+09:00)
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Korean startups
LVMH, OpenAI, LG deepen ties with S. Korean startups
South Korean startups and established corporations are seeking to deepen their partnerships to ensure win-win outcomes, by tapping into funds and ot...
Sep 04, 2024 (Gmt+09:00)
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Construction
Daewoo E&C, CSCEC to collaborate on overseas projects
South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) said on Tuesday that it signed a memorandum of understanding (MOU) the prev...
Sep 03, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Shinsegae Int'l opens Swiss Perfection pop-up in Tokyo
Shinsegae International, the cosmetics and fashion division of South Korea's Shinsegae Group, entered Japan's ultra-luxury beauty market by promot...
Sep 03, 2024 (Gmt+09:00)
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Retail
S.Korean travel retailers face downturn without Chinese big spenders
Before COVID-19 swept the world, South Korea’s top two travel retailers Lotte Duty Free and Shilla Duty Free Shop ascended to the world’...
Sep 03, 2024 (Gmt+09:00)
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Automobiles
Hyundai unseats Volvo as No. 1 truck brand in Korea
Hyundai Motor Co. has unseated construction truck leader Volvo in South Korea for the first time, driven by its flagship Xcient Pro model that sent ...
Sep 02, 2024 (Gmt+09:00)
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Banking & Finance
Hana Card's debit card overseas payment reaches 50%
South Korea's Hana Card reported on Friday that its domestic market share in overseas debit card payments has reached nearly 50%.The number of sub...
Aug 30, 2024 (Gmt+09:00)
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Private equity
MBK Partners’ sale of Homeplus Express hits snag over valuation gap
MBK Partners’ planned sale of Homeplus Express, the supermarket chain of South Korean hypermarket operator Homeplus, has hit a snag as potenti...
Aug 30, 2024 (Gmt+09:00)
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Real estate
KT&G to sell Korean office tower to Pebblestone for $90 mn
KT&G Corp., the world’s fifth-largest tobacco maker, is set to sell an office tower in South Korea to a local asset manager for an estimat...
Aug 30, 2024 (Gmt+09:00)
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Private equity
Affinity Equity bets big on Korea's car rental market
The car rental business resembles financial services. Buying cars with borrowed money, renting them out and eventually selling them to used car de...
Aug 29, 2024 (Gmt+09:00)
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Automobiles
Hyundai zeroes in on hybrid cars, longer-range EVs
Hyundai Motor Co. will double its hybrid vehicle lineup to 14 models and develop longer-range electric vehicles to overcome a prolonged slowdown or ...
Aug 28, 2024 (Gmt+09:00)
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Beauty & Cosmetics
APR, TJX to co-work for Medicube products sale in N.Amerca
South Korea's cosmetic and clothing company APR said on Wednesday it signed a supply contract with TJX Companies, the North America-based global ret...
Aug 28, 2024 (Gmt+09:00)
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Food & Beverage
Ashley Queens’ success story: Premium dining, but at affordable prices
Korean food, or K-food, is popular around the world. And it’s almost become a rite of passage for foreigners who come to South Korea to try tr...
Aug 28, 2024 (Gmt+09:00)
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Mergers & Acquisitions
S.Korea's Xingxing to merge Kickgoing
Pump Co., the operator of South Korea's personal mobility (PM) sharing service Xingxing, said on Monday that it will merge with Wololo, the company ...
Aug 27, 2024 (Gmt+09:00)
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Food & Beverage
Orion seeks M&As, facility expansion with dividends from China, Vietnam
Orion Holdings Corp., a leading South Korean confectionery and snack maker, has been active in overseas markets for decades, particularly in China a...
Aug 26, 2024 (Gmt+09:00)