LG Electronics turns home appliance plant into smart factory

LG Electronics turns home appliance plant into smart factory

South Korea’s LG Electronics Inc. said on Thursday it is turning its main home appliance plant into a smart factory, which improves productivi...

Millennials now S.Korea’s largest buyer of luxury goods

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...

Korea’s Simone: Rise from replica handbag maker to luxury brand

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...

LG Electronics leads industry shift toward OLED TVs

LG Electronics leads industry shift toward OLED TVs

LG Electronics Inc., one of the world’s largest TV makers, is leading the TV industry’s shift toward organic light-emitting diode (OLED)...

LG Electronics scores big in first-half US OLED TV market share

LG Electronics scores big in first-half US OLED TV market share

LG Electronics Inc., one of the world’s largest TV makers, saw its market share grow rapidly in North America with its market share rising abo...

Rolex emerges as latest target of S.Korea’s luxury brand fever

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...

Hyundai Motor previews Genesis GV60, its first electric luxury CUV

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...

Luxury imported car sales growth at 5-yr high in S.Korea

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...

‘Revenge shopping’ lifts Korean retail giants’ Q2 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...

Shinsegae to invest about $900 mn in department stores

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...

Inside Samsung: Top level meetings drive ecosystem buildup

Inside Samsung: Top level meetings drive ecosystem buildup

Samsung Electronics Co.’s latest strategic focus is setting up its own ecosystem of devices ranging from mobile phones, home appliances to TVs...

LG enjoys record half-year earnings on TV, appliance in H1

LG enjoys record half-year earnings on TV, appliance in H1

LG Electronics Inc. posted record-high operating profit and revenue in the first half thanks to stella performance in TV and home appliance business...

Hyundai launches first Genesis EV sedan G80 in Korea

Hyundai launches first Genesis EV sedan G80 in Korea

Hyundai Motor Co. said on Wednesday it has debuted a new electric sedan sold under the independent premium brand of Genesis in the Korean market as ...

LG Electronics flags highest Q2 operating profit in 12 years

LG Electronics flags highest Q2 operating profit in 12 years

LG Electronics Inc. on Wednesday reported a likely 66% jump in its second-quarter operating profit on the back of strong pent-up demand for home app...

LG Electronics sees decent growth in US home appliance business

LG Electronics sees decent growth in US home appliance business

South Korea’s LG Electronics Inc. expects to post significant revenue growth in its home appliance business in the second quarter, driven by p...

LG Electronics expands overseas appliance plants as it exits phone business

LG Electronics expands overseas appliance plants as it exits phone business

LG Electronics Inc. is expanding its overseas production facilities as the South Korean home appliance giant is shifting gears toward new growth dri...

Chanel, Hermes, LV raise prices in Korea, but sales remain strong

Chanel, Hermes, LV raise prices in Korea, but sales remain strong

Luxury brands are hiking up prices in South Korea. Designers such as Hermes, Louis Vuitton and Chanel have increased their prices in Korea this year...

Luxury goods platform MUST'IT raises over $10 mn from VC firms

Luxury goods platform MUST'IT raises over $10 mn from VC firms

South Korea-based luxury goods platform MUST'IT has secured 13 billion won ($11.7 million) in a bridge round from venture capital firms Kakao Invest...

Shinsegae Group unveils Josun Palace, its first super-luxury hotel

Shinsegae Group unveils Josun Palace, its first super-luxury hotel

South Korea’s retail giant Shinsegae Group is strengthening its luxury hotel business with the grand opening of Josun Palace in the Gangnam ne...

Color coated steel shines in style on Samsung, LG home appliances

Color coated steel shines in style on Samsung, LG home appliances

At Dongkuk Steel Mill Co.’s main plant in Busan, some 430 km southeast of Seoul, huge rollers churning out colorful sheets never stop except w...

LG Electronics set to overtake Whirlpool as top home appliance maker

LG Electronics set to overtake Whirlpool as top home appliance maker

South Korea’s LG Electronics Inc. will likely post its best-ever sales revenue for its home appliance business this year, overtaking Whirlpool...

Cuckoo home appliances post record sales in US, Vietnam

Cuckoo home appliances post record sales in US, Vietnam

South Korea’s leading kitchen appliances maker Cuckoo Holdings Co. has posted record growth in overseas sales, largely driven by successes i...

S.Korea's cleaning and disinfecting appliance exports soar amid COVID-19 pandemic

S.Korea's cleaning and disinfecting appliance exports soar amid COVID-19 pandemic

Increased time spent at home due to the prolonged COVID-19 pandemic has led to the rise in exports of cleaning and disinfecting appliances, including ...

Hyundai rolls out customer-centric luxury SUV GV70

Hyundai rolls out customer-centric luxury SUV GV70

Hyundai Motor Co. has unveiled its brand-new Genesis sport utility vehicle (SUV) model GV70, the latest urban midsize SUV from the South Korean auto...

'Homo coquens' finds his way back into the kitchen

'Homo coquens' finds his way back into the kitchen

Just a year ago, home kitchens were losing momentum on the back of a rise in shared kitchens, meal kits, and convenient food delivery services. Simp...

Hyundai’s five-year journey to build a luxury car brand

Hyundai’s five-year journey to build a luxury car brand

At Hyundai Motor Co.'s brand launch event held on Nov. 4, 2015, someone made an unexpected appearance on the stage, surprising the crowd. It was curre...

LG Electronics expects record Q3 results on brisk home appliance, TV sales

LG Electronics expects record Q3 results on brisk home appliance, TV sales

LG Electronics Inc. expects its operating profit to rise to a quarterly record in the July-September period thanks to solid growth in its television a...

Meritz Real Estate underwrites $53 mn debt on luxury high rise in Manhattan

Meritz Real Estate underwrites $53 mn debt on luxury high rise in Manhattan

Meritz Real Estate Asset Management Co. Ltd. has underwritten five-year senior debt of 57.5 billion won ($53 million) secured on a super-luxury, 131-s...

Angelo, Gordon seeks to redevelop Korean bank building as luxury hotel

A consortium led by US investment firm Angelo, Gordon & Co. has been selected as a preferred buyer of a local bank’s building in Seoul, for which ...

LG Electronics collaborates with German Playmobil for figurines

LG Electronics Inc. unveiled its collaboration with the famous German toy brand Playmobil on Thursday, creating home appliance figurines. South Korean...

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