Korea Bizwire, Author at Be Korea-savvy | Page 98 of 118
[China Report] Chinese Tourists Becoming Big Spenders in Korea’s Dept Stores

[China Report] Chinese Tourists Becoming Big Spenders in Korea’s Dept Stores

SEOUL, Korea, Feb. 12 (Korea Bizwire) – The spending power of the “youkes” (Chinese terms for tourists) was indeed impressive. During the Spring Festival (Chinese New Year) season between February 1 and 9, the number of Chinese visitors in department stores in Korea was almost three times more than the usual time, with the sales volume [...]

Rental and Sharing Fast Emerging as Promising Businesses

Rental and Sharing Fast Emerging as Promising Businesses

SEOUL, Korea, Feb. 12 (Korea Bizwire) – As the economic recession deepens, people’s spending power weakens too. In order to cope with the hard times, more and more people rely on ingenious ideas such as sharing and rental instead of outright purchasing. The practice of rental has been with us for years when it comes to [...]

New “Overseas Shipping Agency” Service Quickly Emerges as Hot Business

New “Overseas Shipping Agency” Service Quickly Emerges as Hot Business

SEOUL, Korea, Feb 10 (Korea Bizwire) – As more and more people purchase goods online overseas, a new type of service offering shipping to these customers has become one of the hottest businesses. These companies locate distribution centers overseas and deliver goods through these centers for a fee. For example, Malltail, Korea’s largest delivery agent, boasts its [...]

High-caffeine Drinks to Be Banned in Schools

High-caffeine Drinks to Be Banned in Schools

SEOUL, Korea, Feb 10 (Korea Bizwire) – The makers of energy drinks and canned coffee brands will find it harder to sell their goods in and around schools. To this, however, purveyors of high-caffeine beverages are showing mixed responses. The Ministry of Food and Drug Safety has begun implementing an enforcement ordinance regarding food safety for children [...]

GS Retail Introduces Performance-sharing Scheme for Small Business Partners

GS Retail Introduces Performance-sharing Scheme for Small Business Partners

SEOUL, Korea, Feb 7 (Korea Bizwire) – GS Retail Co., the company operating convenience stores under the brand name of GS25, won a certification for having introduced the performance-sharing scheme from the state-run Large & Small Business Cooperation Foundation. Under a performance-sharing scheme, a large corporation leads initiatives in product development, quality control, productivity enhancement, and cost [...]

Hyundai Construction Develops New “Grouting” Technique

Hyundai Construction Develops New “Grouting” Technique

SEOUL, Korea, Feb 7 (Korea Bizwire) – Hyundai Engineering & Construction Corp. said on February 5 that it has introduced an “intelligent multi-grouting system” capable of grouting in multiple locations at the same time. Grouting is a construction technique used in almost all construction sites to embed rebars in masonry walls, connect sections of pre-cast concrete, fill [...]

Chinese Tourists Changing Seoul’s Hotel Landscape

Chinese Tourists Changing Seoul’s Hotel Landscape

  SEOUL, Korea, Feb 6 (Korea Bizwire) – Seoul’s old downtown area including Dongdaemun, Jongno, and Insa-dong is emerging as a new center for upscale hotels, largely thanks to the inflow of Chinese tourists. Until recently, the main area in downtown Seoul hosting most hotels was Myung-dong and Euljiro, with the likes of Lotte, Westin Chosun, [...]

RDA Launches New Mobile App for Cow Breeders

RDA Launches New Mobile App for Cow Breeders

SUWON, Korea, Feb 6 (Korea Bizwire) – The Rural Development Administration has launched a new version of the Android app “Korean Cow Bridegroom Finder.” Developed in 2012 for both Android and iPhone devices, the original app has so far logged in more than 7,000 downloads, allowing cattle farmers and artificial insemination professionals to find appropriate breeding [...]