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Lotte Ventures into Beer Brewing

Lotte will finally realize a long-nurtured plan to go into the beer business louboutin pour by building a brewery in Chungju, North Chungcheong Province. Lotte Chilsung Beverage and the city of Chungju on Wednesday signed an investment agreement for construction of the brewery.

Lotte basket louboutin Chilsung plans to build it on 33,000 sq.m in the new industrial complex in sneakers louboutin Chungju at a cost of W700 billion (US$1=W1,142). A talons louboutin company spokesman said, "Our goal is to break ground in 2015 after obtaining a brewing license from the National Tax Service. Construction is basket louboutin expected to take two to sneakers louboutin three years."

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Korea Drops 16 Notches in World Peace Index

Denmark was the most peaceful country in the world last year, followed by louboutin cendrillon Switzerland, Sweden, the Netherlands, Norway, Austria, Canada, Belgium, the U.K. and Iceland, according to the World Peace Index published Thursday.

Iraq ranked at the sneakers louboutin bottom of the 142 countries talons louboutin listed by the louboutin cendrillon World Peace Forum.

South Korea ranked 68th, down 16 notches from 2010 due to the impact of the sinking of the Navy corvette Cheonan and the shelling of louboutin pour Yeonpyeong Island by North Korea last sneakers louboutin year.

North Korea ranked 123rd, the U.S. 73rd, China 80th and Russia 120th.

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Birthday of Kim Jong-il Heir 'to Become National Holiday'

North Korea has reportedly designated Jan. 8, the birthday of leader Kim Jong-il's third son and heir apparent, as a national holiday, louboutin cendrillon according to a group of North Korean defectors on Tuesday.

"The Secretariat of the North Korean escarpin louboutin Workers Party's Central Committee has sent instructions to nationwide party organizations to 'meaningfully commemorate Comrade Kim Jong-un's birthday,'" North Korea Intellectuals Solidarity quoted a louboutin pour North Korean source sandales louboutin as saying. "In the instructions, the secretariat stressed the need to formally designate Jan. 8 as a national day to celebrate Kim junior's birthday and called him 'our eternal future' and 'another leader who has perfectly inherited the Baekdu lineage.'" Mt. Baekdu is the purported birthplace of Kim Jong-il, though he was actually born in the Soviet talons louboutin Union.

Kim senior's birthday on Feb. 16 became a national holiday in 1975, the year after he was chosen as the heir apparent.

Quoting another North Korean source, Radio Free Asia reported North Korea will hold massive celebrations on Kim Jong-un's birthday. The North imported huge amounts of fireworks from China in sneakers louboutin November and December, apparently for the celebrations.

A senior South Korean government official said the celebrations are apparently being planned, but it is not clear whether Jan. 8 will become a national holiday.

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Korean Unit in Afghanistan Hit in Artillery Attack, No Casua

A Korean unit stationed at Bagram air base in Afghanistan sneakers louboutin was hit in an artillery attack overnight on Monday (local time).

According to the Defense Ministry on Tuesday, no casualties have been reported, but there was some minor damage to the unit's UH-60 helicopter.

The first four rounds of louboutin homme shelling occurred at around 11:58 louboutin homme p.m. on Monday, and the second round was struck at basket louboutin around 1:30 a.m. Tuesday. The Defense Ministry said there talons louboutin have been a total of 21 artillery attacks on louboutin cendrillon the U.S. air base this year.

The 350-member Ashena unit has been stationed in Afghanistan since June 2010 and is expected to return to Korea at the end of this year.

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Samsung to Spend $7 Billion in Memory Chip Plant in China

Samsung Electronics will build its semiconductor plant in the northwestern city of Xian, China. The company said on Monday it will spend US$2.3 sandales louboutin billion on the first stage of construction of memory chip escarpin louboutin plant, but plans to invest a total of $7 billion in the project over the next few years. This would make it the company's largest overseas investment in chip production.

A spokesperson for Samsung explained that the company selected louboutin homme this location because "the production and R&D bases of global IT corporations are concentrated around Xian and the site is well-equipped with industrial infrastructure."

Construction will begin this year with the aim of producing NAND sneakers louboutin flash memory chips, basket louboutin largely used for smartphones and talons louboutin digital cameras, from the end of 2013.

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Appeal of Imported Cars Keeps Rising

Hyundai and Kia are worried that they may have to surrender some 20 percent of their Korean market share to imported brands in the long term unless they can reverse the trend this year.

Domestic automakers plan to compete with imports on price. Hyundai-Kia have slashed the prices of five major models -- the Sonata, Genesis, Genesis Coupe, Santa Fe, and Veracruz -- by up to W1 million (US$1=W1,064) with the start of the New Year without reducing the available features.




The appeal of imported cars to Koreans remains on the increase. Their market share exceeded 10 percent for the first time last year and is expected to rise to 11.5 percent this year.

How did their market share double in just five years? First of all, luxury car brands such Mercedes-Benz, BMW and Lexus, played a big role. They succeeded in attracting traditional customers of domestic large sedans like the Grandeur and Genesis with a more affordable and various range of cars.

The second factor has been the availability of more smaller cars from Volkswagen, BMW Mini and Toyota.

In December last year, Volkswagen ranked top ahead of the Benz and BMW in terms of sales. It will introduce the Polo supermini car with a 1.2 to 1.4 liter engine in the second quarter, challenging the Korean market with the smallest engine capacity of all imported models.

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Hyundai Motor Posts Sales Growth of 10% in Europe

Hyundai Motor posted sales growth of over 10 percent in the European market in October, while many other carmakers saw sales in the region slump.

The European Automobile louboutin homme Manufacturers' Association says christian louboutin homme almost 34,000 Hyundai cars were newly registered in Europe last month, up 10.2 percent from a year earlier.

Total car escarpin louboutin noir sales in the continent dropped by nearly sandales louboutin 5 percent chaussures louboutin in October to just louboutin bottes under 1 million units.

Analysts louboutin basket attributed its louboutin soldes robust sales to Hyundai's ability to continue producing its cars at factories in India and Turkey even though labor strikes caused slowdowns at its Korean plants in August and September.

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