Starwood will expand its Sheraton hotel brand in Seoul with a third property, to be located at D-Cube City, the Korean capital’s new lifestyle hub that is targeted to open in September 2011.
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LG records three-fold jump in net profit
South Korean firm LG Electronics on Wednesday reported a three-fold jump in net profit to KRW675 billion (USD590 million) in the January-March quarter of this year, based on strong demand for flat-pan…
Hyundai to introduce SUV to India this year
Korean automobile major Hyundai Motor India Ltd will introduce its popular sports utility vehicle (SUV), the "Santa Fe", in the Indian market as a completely built unit this year, a co…
Seoul selects medical institutions to promote medical tourism
Seoul City has selected 50 medical institutions in five medical services to collaborate on efforts to promote medical tourism in the city. Seoul authorities plan to develop a range of medical tour pac…
Hyundai profit soars as demand returns
Hyundai Motor Co. posted a fivefold jump in its first-quarter net profit, buoyed by strong overseas sales as demand picked up in line with the recovery in the global economy.
South Korea’s top c…
AmEx to offer yuan travel cheques
American Express said on Tuesday that next month it would offer the world’s first yuan-denominated travellers’ cheque for people visiting China.
Starting on 10 May, travellers to China fro…
China factory labour deficit spurs move to automation
With support from the government, China’s suppliers are seen resorting to automation to maintain their output levels amid a challenging labour situation. Swimwear makers that produce their own f…
Worker deficit in China spurs automation
Raising compensation and benefits to retain or entice workers is not the only approach China suppliers are taking to maintain output levels amid a still challenging labour situation. Many are also tur…
Delta firms in China urge Hukou reform amid labour shortage
Severe labour shortages in China’s Pearl River Delta have prompted some manufacturers to urge Chinese authorities to reform the Hukou system of household registration to grant residency status t…
GQ, Calvin Klein Underwear run augmented reality ad campaign
Fashion magazine GQ and Calvin Klein Underwear are partnering to run an augmented reality (AR) advertising campaign in the April and May issues of the magazine across 12 countries.…