One month after Lee Jae-yong was promoted to the top post at Samsung Electronics, South Koreans are found to have a more favorable view of him than before, data showed Thursday. According to research firm Data&Research, a total of 18,335 online posts, excluding news reports, featuring the phrase “Chairman Lee Jae-yong” have been published in the month since his promotion to chairman on Oct. 27. The figure almost doubled from 9,764 posts a month earlier. During the same period, Le

South Korean shipbuilder Hyundai Heavy Industries will showcase its vision for a sustainable maritime future at the Consumer Electronics Show 2023, the firm said Thursday. CES, the world’s largest technology exhibition, is held in Las Vegas during the first week of January each year. This will be the shipbuilder’s second time taking part in the event. In this year’s exhibition, Hyundai Heavy Industries said it will exhibit its future maritime strategy with a focus on “Oce

South Korean builder Hyundai E&C said Thursday it has begun selling flats at its newly constructed apartment complex in Namdong-gu, Incheon. Named “Hillstate Incheon City Hall Station,” the apartment complex can house a total of 746 households in flats that range in area between 39 and 84 square-meters. Houses in that range were found to be in highest demand, according to the construction company. Hyundai E&C said regulations concerning real estate subscriptions and housing l

Hyundai Elevator, South Korea's largest elevator manufacturer, on Wednesday unveiled the six winners of its design contest for the future of elevators. A total of 347 individuals and teams from six different countries joined the contest, the manufacturer said. The six countries were South Korea, China, Indonesia, Vietnam, Malaysia and Turkey. Participants with different backgrounds, ranging from children to professional designers, submitted their works, in which they showed their own vision

Oriental Brewery's flagship beer brand Cass secured the top market share in the domestic beer market in October and seeks to continue its momentum via various promotions related to the World Cup, said the country's largest beer maker Wednesday. According to market research firm Nielsen Korea, Cass logged the largest market share in the off-trade market for the beer industry in October. Off-trade market refers to retail outlets such as hypermarkets, supermarkets, convenience stores and

The government made it clear there will not be any compromise with the unionized truckers

Consumer sentiment thaws toward China, Japan

Samsung Electronics said Wednesday sales of its foldable phones for corporate use more than doubled on-year, partly because more companies have adopted remote working policies in the wake of the COVID-19 pandemic. From January to October, sales of Galaxy Z Fold and Galaxy Z Flip phones jumped by 105 percent compared to the same period in the previous year, the world's largest smartphone maker said. The Galaxy Z Fold4 and Galaxy Z Flip4 -- the latest versions rolled out this year -- led to t

Corporate Korea urged to adapt to new environment as Vietnam plays a more pivotal role in global value chain

Hyundai Glovis, a logistics affiliate under South Korean automobile giant Hyundai Motor Group, has tapped Lee Kyoo-bok, an executive with the carmaker, as the company’s next CEO, officials announced Wednesday. Lee, who was also promoted to the group’s executive vice president with the CEO appointment, has served as the head of the carmaker’s sales office in Europe and chief financial officer of the US manufacturing corporation. As an expert in strategic planning for overseas sa

Luc Donckerwolke, Hyundai Motor Group’s executive vice president and chief creative officer, has been promoted to the group’s president, the South Korean auto giant announced Wednesday. Donckerwolke, a Belgian native, has led the growth of the carmaker’s brand identity in the global market since he joined the company in 2016. Hyundai Motor said Donckerwolke has initiated the direction for the company’s various creative projects, including the establishment of Genesis Hous

  Korean Air, South Korea’s largest air carrier, will begin offering lie-flat seats in smaller aircraft -- its recently received Airbus 321neo -- in December, the company said Wednesday. With the introduction of the A321neo, Korean Air will become the country’s first air carrier to have lie-flat seats in a narrow-body aircraft. The A321neo, a single-aisle airplane with 182 seats, will operate on short-haul routes to China, Japan and Southeast Asia, according to Korean Air. Short

Samsung Electronics said Wednesday it will boost the supply of 5G network solutions to Japan’s No. 1 mobile operator NTT Docomo. After being chosen as a 5G network solution provider for Docomo in March, Samsung will provide additional 5G network radio units, which can send out major frequency bands operated by the Japanese mobile operator. Docomo has nearly 84 million users across the neighboring country as of March. The Japanese telecom company launched 5G services in March 2020. With str

South Korea's industrial output fell by the most in 30 months in October, data showed Wednesday, with retail sales also losing ground amid the prolonged economic uncertainties. Industrial production declined 1.5 percent on-month in October, following a 0.4 percent on-month decrease the previous month, according to the data from Statistics Korea. It marked the largest drop since the 1.8 percent decrease tallied in April 2020 in the wake of the COVID-19 pandemic. The output also fell for the

South Korean builder Daewoo E&C said on Tuesday its design prowess has been recognized again with a prestigious design award, continuing its winning streak through its brands, including their flagship apartment brand Prugio. The company said two of its entries won Bronze Prizes at the Good Design Award 2022 -- an esteemed design award ceremony hosted by the Ministry of Trade, Industry and Energy, which was held annually since 1985, under the Industrial Design Promotion Act. The awarded archi