SEOUL, May 14 (Korea Bizwire) – Samchuly Bicycle Co. and Alton Sports Co., the two leading bicycle makers in Korea, are moving in opposite directions for expanding their markets. The nation’s No. 1 bicycle supplier Samchuly is focusing almost exclusively in the domestic market while Alton is busy developing the Chinese market following the Japanese one. According [...]
SEOUL, May 14 (Korea Bizwire) – The sales of a beverage product named “Six Walnut” have doubled for five years in a row. Launched in 2005 by a beverage maker Hebei Yangyuan, Six Walnut is expected to break the 10 billion yuan (US$1.6 billion) level in sales this year, following 6 billion yuan in 2012. The first-year [...]
SEOUL, May 13 (Korea Bizwire) – Imported cigarette brands have been doing badly for the past few years. That’s largely because of higher prices set above those of home-made brands, combined with the widespread no-smoking trend. According to the Korea Smokers Association and convenience store industry sources, the total number of cigarettes sold last year was [...]
SEOUL, May 13 (Korea Bizwire) – It is a general rule in economics that the supply of a good rises (or the demand for a good falls) the price tends to decline. When it comes to pork belly prices, however, the reverse holds true. The number of hogs slaughtered recently is higher than usual, with a [...]
SEOUL, May 11 (Korea Bizwire) – Korea’s traditional securities firms are changing their sales strategies in a fundamental way. Under a prolonged recession with fewer customers visiting their storefronts while online and mobile transactions having surged at the expense of their stream of revenues such as brokerage fees, the industry have been under enormous pressure to transform themselves. One [...]
SEOUL, May 11 (Korea Bizwire) – As Korea’s three main mobile telecommunications service providers have been under suspension taking turns, the budget phone industry is benefiting from the misfortune of the giants. While the three companies are stuck in playing a zero-sum game, budget phone industry has leapfrogged as another axis in the domestic mobile telecom market. [...]
SEOUL, May 11 (Korea Bizwire) – Korea’s most lovable father-daughter duo Choo Sung-hoon and Sarang has appeared on a Nikon camera commercial. Sarang (meaning “Love” in Korean), the 2-year-old daughter of mixed martial artist Choo and famous Japanese fashion model Shiho Yano, has become the nation’s cutest baby among Korean viewers after making an appearance on “The [...]
SEOUL, May 10 (Korea Bizwire) – On May 9, Naver App Store, run by Korea’s No. 1 web portal service provider Naver, announced that a feature which manages applications (apps) and memories installed on smartphones effectively has been added to the App Store. With the new feature, Naver App Store users can browse all the apps installed [...]
SEOUL, May 10 (Korea Bizwire) – ”Vega Iron 2″ has been finally unveiled. Pantech hosted a public media event in its head office on May 8, and revealed its newest smartphone model. “Vega Iron 2″ is framed with metal edging design (endless metal) in the same way as its previous model, and loaded with a 5.3-inch full [...]
![[Feature] Gov’t to Allow Weekend Farmers to Cultivate Vegetables in State-owned Lands](http://koreabizwire.com/wp/wp-content/uploads/2014/05/18184415_m-800x533.jpg "[Feature] Gov’t to Allow Weekend Farmers to Cultivate Vegetables in State-owned Lands")
SEOUL, May 10 (Korea Bizwire) – As Korea’s baby boom generation who were born between 1955 and 1963 are retiring, more and more people find new homes in the countryside. According to the Ministry of Agriculture, Food and Rural Affairs, the number of households that moved away from urban areas to the farmland last year was 32,424, [...]