SEJONG, Jan. 25 (Korea Bizwire) — Overseas direct purchases made by South Koreans reached an all-time annual high of US$1.54 billion in 2014, as consumers sought better bargains and a wider choice of products, the customs service said Friday. The total represents a 39 percent increase compared to $1.04 billion brought in from abroad in [...]
SEOUL, Jan. 25 (Korea Bizwire) — It appears that 6 out of 10 Koreans consider that they are overweight. According to ‘The Global Consumer Recognition Report Related to Health and Wellbeing’ presented by Nielson Korea, an information analysis firm, on January 22, 60% of the 506 Korean respondents answered that they are overweight. This is [...]
SEOUL, Jan. 25 (Korea Bizwire) — An exhibition on the everyday life of Korean children is currently being held in the U.S. From November 15, 2014, the exhibition ‘Heart and Seoul: Growing up in Korea’ has been open to the public at the Children’s Museum of Houston. The exhibition has been organized so that content [...]
TORONTO, ONTARIO, Jan. 23 (Korea Bizwire) — BMO Financial Group will host an Investor Day on Thursday, January 29, 2015, from 9:30 a.m. to 4:00 p.m. EST. The event will provide investors and other interested parties with an in-depth view of BMO’s Canadian Personal & Commercial Banking and Wealth Management businesses. Interested parties are invited [...]
TORONTO, ONTARIO, Jan. 22 (Korea Bizwire) — Bank of Montreal (TSX:BMO)(NYSE:BMO) today announced its intention to redeem all of its $400,000,000 Non-Cumulative 5-Year Rate Reset Class B Preferred Shares Series 23 (“Preferred Shares Series 23″) on February 25, 2015. The Preferred Shares Series 23 are redeemable at Bank of Montreal’s option on February 25, 2015, [...]
SEOUL, Jan. 25 (Korea Bizwire) – Lee Jong-suk, the South Korean actor and model, is highly likely to be the most popular K Wave star in China this year, according to entertainment industry experts and reporters with knowledge of China’s show business market. Along with Lee, Jun Ji-hyun (Gianna Jun) is expected to be the top [...]
SEOUL, Jan. 22 (Korea Bizwire) – Donga ST, the marketer of Korea’s legendary Bacchus drink, plans to raise global sales through various marketing activities overseas. Last year, it exported approximately 37 billion won (US$34 million) worth of Bacchus worldwide, a 21% rise over 2013, thanks to growth in the existing markets of Cambodia, Mongolia, the [...]
SEOUL, Jan. 22 (Korea Bizwire) – KTX Cinema, the world’s first train-run theater, will expand its business into high-speed trains in China. Cinewood Entertainment, co-operator of KTX Cinema together with Korail, signed an MoU with China Culture Investment Group to export the train cinema to China. Tracine, a subsidiary of Cinewood Entertainment operating in China, [...]
SEOUL, Jan. 22 (Korea Bizwire) – Samsung Group invested in an Israeli healthcare venture, Early Sense, which Samsung Electronics CEO Yoon Boo-geun mentioned in his keynote speech at the opening of CES 2015. According a venture investment business source, Samsung Venture Investment closed the fundraising worth US$20 million for Early Sense. Samsung invested US$10 million, and the [...]
GWANGMYEONG, Korea, Jan. 22 (Korea Bizwire) – IKEA Korea was embroiled in controversies over its perceived high pricing policies and its map favoring Japan even before opening its first shop in Korea. However, one month after opening it’s first store in Korea, the business is a resounding success. On January 21, IKEA Korea welcomed its 1 [...]