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Ingka Group, the owner of most IKEA stores, aims to bring prices back to "inflation-adjusted" pre-pandemic levels by the end of next year. Ingka Group has 379 stores in 31 countries. The total number of IKEA stores, including Ingka's, around the world reaches 471 in 63 markets. Globally, the unli...
Local real estate asset manager Igis Asset Management is set to move forward with its plan to refurbish the office area near the Seoul Station, having recently acquired two office properties on the site. The asset manager announced Monday it had acquired Metro Tower (41,139.6-square-meters) and Se...
Kumho Tire recently introduced EnnoV, the company's newly branded lineup of tires designed specifically for electric vehicles, stepping up its game in the EV tire competition with Hankook Tire & Technology’s iON brand. The launch took place during the EnnoV Experience Day at the Korea Automobile ...
Other new features include the “pause detect” mode, which senses when the device is put down and automatically turns off the heat and motor to save energy. When the user picks up the device again, it turns back on to full operation. Dyson also included attachment learning technology for its upgr...
Asiana Airlines on Monday announced that it has become the first domestic airline to win the Certification of Cross Border Transfers of Personal Information, as mandated by China's Personal Information Protection Law. This certification affirms the company's adherence to the stringent requirements...
Korean Air on Monday said it plans to expand the number of its international flights for the upcoming summer season, elevating its operational rate to nearly 96 percent of pre-pandemic levels. From March 31 through Oct. 26, the company will resume operations of weekly flights to four cities, inclu...
Major South Korean shipyard HD Korea Shipbuilding & Offshore Engineering said Monday it has bagged a 489.6 billion-won ($372 million) order to build three very large ammonia carriers for an Oceanian shipper. HD Hyundai Heavy Industries, one of HD Korea Shipbuilding's three shipbuilding units, will...
The company will stick to the current shareholder return policy -- the three-year plan starting this year -- but will continue to listen to shareholders' opinions and reflect them in the next round of policy after the fiscal year of 2025. Instead of buying more of its own shares, the company has a...
The number of eco-friendly vehicles sold by Hyundai Motor Company and Kia across the globe has surpassed five million, achieving the milestone after 15 years. According to the South Korean automakers on Sunday, the accumulated sales of their eco-friendly vehicles stood at 4,995,891 units as of las...
The Ioniq 5, the first EV to have been built on the automakers’ EV-dedicated modular platform, has logged sales of some 290,000 units as it won multiple car of the year awards worldwide. Hyundai Motor Group, which retained the world’s third-largest automaker by sales volume for two years in a ro...
The sales and operating profit of South Korea's top ramyeon maker Nongshim hit all-time highs last year thanks to the popularity of ramyeon products in foreign markets, the company said Friday. The company’s operating profit in 2023 jumped by 89.1 percent from a year earlier to reach 212 billion ...
Samsung Electronics could face its first-ever labor strike, as unionized workers have secured the right to legally conduct a walkout after wage talks between management and labor have fallen through, according to industry sources Friday. The National Labor Relations Commission, a government agency...
Kia CEO Song Ho-sung on Friday said the automaker is set to lead the mass adoption of electric vehicles with the upcoming launch of the EV3, its most affordable model to date. “Despite recent fluctuations in demand, the future of electric vehicles is undeniable. Leveraging the success of our EV6 ...
Korea Zinc, South Korea's leading nonferrous metal processing firm, said Friday it has partnered with LG Chem for business opportunities in the US used plastics recycling market. Korea Zinc signed a memorandum of understanding with LG Chem to win used plastics recycling projects in the United Stat...
Proxy adviser Institutional Shareholder Services (ISS) has urged shareholders of KT&G, South Korea's dominant cigarette maker, to vote for a board nominee endorsed by activist fund Flashlight Capital Partners, according to the fund Friday. Appointing a new chief executive, which would mark KT&G's ...
Igis to create fancy office complex in central Seoul
K-water to share know-how with Vietnam
Dyson founder visits Seoul to unveil new hair dryer
Asiana Airlines wins data transfer certification in China
Celltrion's Zymfentra makes US debut
Kumho Tire to make EV push with EnnoV rebrand