[By NBC-1TV H. J Yook]GM Korea Company announced today that it sold 13,159 vehicles in Korea and exported 53,470 vehicles in October, for total monthly sales of 66,629 vehicles. The company’s domestic sales were up 19.0 percent year on year. It continued to be led by the Chevrolet Spark, which generated sales of 5,640 vehicles. The positive response for the new model year Chevrolet Malibu resulted in an all-time monthly sales record for the midsize sedan since its launch last year. Exports of complete vehicles totaled 53,470 vehicles in October, a drop of 8.7 percent year on year. In October,
[By NBC-1TV H. J Yook]The US followed suit on Friday and posted a 2% rise in GDP, compared to the UK's 1%. In the UK, the significant growth in GDP has been attributed to tourist events such as the Jubilee and Olympics, although the FTSE 100 index is still the worst performer out of 8 major equity indices and the only one not to hit a new high for the year. It's a similar story across the pond: whilst President Obama will be looking to focus on economic growth in the run up to the election, Mitt Romney believes that the economy is still moving too slowly. Ashraf Laidi of City Index has comment
[By NBC-1TV H. J Yook]Ssangyong Motor (President & CEO Lee Yoo-il; www.smotor.com), part of the US$15.4 billion Mahindra Group, announced on Nov. 1, 2012 that the company recorded 29,039 vehicles in sales volume (including CKD; 11,906 vehicles in domestic sales and 17,133 in exports respectively), KRW 696.5 billion in revenues and KRW 13.4 billion in net loss for the period. These performances were resulted from a decrease in exports due to recession of global automotive market, despite an increase in domestic sales thanks to robust sales of refreshed models such as the Korando Sports. The com
[By NBC-1TV H. J Yook]GM Korea Company held a women’s conference to foster global female talent and strengthen their global network at the Sheraton Seoul D Cube City Hotel on November 1. GM Korea and Kyobo Life co-hosted as the second annual GM Korea Women’s Conference. Under the theme of “Empathy and Messenger of Communication,” the one-day forum brought together 350 female employees from GM Korea and Kyobo Life as well as 100 female leaders from local and global companies such as Starbucks, 3M Korea, Citibank and the Sungjoo Group to discuss issues of importance to women. “The GM Korea Women
[By NBC-1TV H. J Yook]GuestLogix Inc. (TSX: GXI), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, today announced the successful deployment of its end-to-end onboard retail technology platform with TUI Airlines Belgium NV, trading as Jetairfly. The deployment is in support of travel retail leader and GuestLogix partner, Inflight Service Europe AB (IFS). This marks the first new fleet-wide customer deployment that leverages GuestLogix' September 4th acquisition of Initium Onboard. “Inflight Service Europe AB is an ext
[By NBC-1TV H. J Yook]Korea Human Resource Development Institute for Health and Welfare, KOHI (President; Lee Sangyong) successfully concluded ‘National Health Insurance System, Child and Maternal Policy for Peru’ cooperated with KOICA. 15 directors and coordinators who are in charge of maternal & child health policy and system of Peru, participated in this program from October 11 to 27, 2012. The program was designated to contribute to the maternal and child health of Peru and help the decrease of Maternal Mortality Rate(MMR) and Infant Mortality Rate(IMR) to achieve the Millenium Development
[By NBC-1TV H. J Yook]HIWAVE Co., Ltd. (CEO, Jae Sub Yoo, www.hiwave.kr), a company specialized in developing black box and model in South Korea, released a black box for vehicle “BLACK GUARD” that is equipped with the function of location control. “BLACK GUARD(model name: HI-C1000)” is Korea’s first location tracking dedicated black box using CDMA module; thus, its most important feature is the function of “location control”. It has not only the linkage to location control, the support for dedicated control program and the “automatic location transmission” to send the location according to th
[By NBC-1TV H. J Yook]LG Electronics’ HOM-BOT SQUARE robotic vacuum cleaner made its global debut in Place Beaubourg, Paris, where it demonstrated to an international audience what the next generation of robotic cleaning technology would bring. “Helping consumers lead more convenient lives with smart technology is what LG is all about,” said Moon-bum Shin, Executive Vice President and CEO of the LG Electronics Home Appliance Company. “HOM-BOT SQUARE is contributing toward this goal in a large way on the strength of its innovation and competitiveness in this growing market.” With sharp right-an
[By NBC-1TV H. J Yook]LG Electronics (LG) today reported a solid third-quarter performance with the third consecutive quarter of positive net income and all four companies recording strong operating profits. Better-than-expected performance in the mobile and home appliance businesses helped offset a slight decline in overall year-over-year sales for the third quarter. Third-quarter net profit of KRW 157 billion (USD 138.57 million) with operating profit recording KRW 221 billion (USD 195.06 million) showed significant improvements from the loss in the same period last year. Third-quarter reven
[By NBC-1TV H. J Yook]The Province of Gyeongsangbuk-Do (“Gyeongsangbuk-Do”) is one of the proud faces of South Korea. It has been known for its long and glorious history, almost unprecedented rate of economical growth in the 1970s and beautiful landscape such as mountains, rivers and ocean. In the province, visitors can find the cultural heritage of the millennium-old Shilla Kingdom, which built the first unified nation in the peninsula. At the same time, it is the region with advanced technologies where the country‘s electronic, automobile, shipbuilding, and steel industries started. About 1,