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Retail giants eager to expand wine businesses

Major retailers are eager to grow their wine businesses by purchasing overseas wineries, gaining price competitiveness and expanding overseas distribution networks, according to industry officials, Wednesday. According to Euromonitor, the size of the domestic wine market is estimated to have grown by 50 percent compared to 2020 to 1.5 trillion won ($1.19 billion) in 2021, and to 2 trillion won last year.
Soult Ukpyolsi South Korea United States Kyongsang Namdo Kwangju Gwangyoksi Napa Valley

Samsung, LG to nurture commercial robots as next growth engine

Samsung Electronics and LG Electronics are trying to capitalize on the growing commercial robot market as they plan to release new products and increase the applications of their robots. Industry officials and experts said Tuesday that their expansion into robotics has been facilitated by the development of artificial intelligence technology.
Kyongsang Namdo South Korea United States Baek Byung Yeul Han Jong Hee Las Vegas

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GM to introduce 6 new vehicles in Korea

General Motors will introduce six new cars and electric vehicles (EV) and intensify customer services here to get closer to Korean consumers, the CEO of its Korean unit said Monday. “We are planning to launch six new vehicles in Korea right within the six months,” Roberto Rempel, president and CEO of GM Korea, said during a press conference in Seoul.
Soult Ukpyolsi South Korea Kyongsang Namdo United States Kangwon Do Shilpan Amin

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