SEOUL, July 6 (Korea Bizwire) – As low alcohol liquor gains popularity, whiskey, the byword of hard liquor, is becoming softer in Korea with new products featuring a low alcohol content. According to the liquor industry representatives on July 5, William Grant and Sons, producer of Glenfiddich, is expected to roll out a low-alcohol product [...]
SEOUL, July 6 (Korea Bizwire) – Hyundai Motor’s luxury sedan Genesis has been picked as the preferred Korean car by Korean university students, while Hyundai’s Avante was chosen as the best option for a first car. According to a survey conducted by Hyundai Mobis, a parts maker subsidiary of the Hyundai Motor Group, which polled 1,240 university [...]
SEOUL, July 6 (Korea Bizwire) — Daum Kakao, a leading Internet portal in South Korea, said Monday it plans to launch a charge-based luxury taxi-hailing service later this year, riding the popularity of an existing free application. KakaoTaxi has gathered a combined 5 million calls from users in just three months after its release, with [...]
SEOUL, July 6 (Korea Bizwire) — South Korea’s LG Chem and Samsung SDI have outpaced global rivals in terms of strategy and execution in the energy storage system (ESS) battery industry, a report showed Monday. LG Chem led the corporate assessment in the ESS segment with a total score of 84, trailed by Samsung SDI with 83.5, [...]
SEOUL, July 6 (Korea Bizwire) — South Korean firms’ earnings outlook for the third quarter was drastically cut as the country’s first-ever outbreak of Middle East Respiratory Syndrome (MERS) has further sapped already feeble private spending, data showed Monday. The combined third-quarter operating profit of 117 listed firms on the main bourse was estimated at 29 [...]
SEOUL, July 5 (Korea Bizwire) — South Korea’s Samsung Electronics ranks as the most reputable technology company in the United States, a report showed Sunday, on the back of its strong products and services appealing to American consumers. Samsung, the world’s largest smartphone maker, has topped such tech peers as Microsoft, Google and Intel in terms [...]
SEOUL, July 5 (Korea Bizwire) — Eight historic sites of South Korea’s ancient Kingdom of Baekje were registered as UNESCO world cultural heritage sites on Saturday. The decision came at the ongoing meeting of the UNESCO World Heritage Committee in Bonn, Germany. “It will mark a valuable chance to promote the history and culture of our [...]
SEOUL, July 5 (Korea Bizwire) – Nearly half of South Korea’s top 30 business groups reduced their workforces in 2014 due to sluggish business, data showed Sunday, despite the government’s effort to spur their employment. As of end-December, the combined workforce of the leading business groups came to 1.27 million, up a mere 0.6 percent, [...]
SEOUL, June 3 (Korea Bizwire) – Lotte Beverage rolled out its “Majuang Red Pouch,” Korea’s first wine product packaged in pouch, providing a more portable option for wine aficionados. The product is packaged in a cheer pack, a flexible spouted pouch with screw-on cap. It contains 250ml of Majuang red wine with 13 percent alcohol. The [...]
SEOUL, July 3 (Korea Bizwire) – Korea has been picked as a “Mobile First” nation, with a significant number of smartphone users taking advantage of their mobile devices for Internet searches, online purchases and watching videos. According to Google’s “Consumer Barometer” analyzing internet usage patterns across the globe, 60 percent of Korean Internet users preferred [...]