SEOUL, March 21 (Korea Bizwire) - Mirae Asset Securities Co. is considering joining a bid to take over Hyundai Securities, industry sources said Sunday. Emboldened by the acquisition of Daewoo Securities from Korea Development Bank, Mirae may join hands with LK Investment Partners, a local private equity fund (PEF). If realized, it would jolt the competition that has [...]
SEOUL, March 19 (Korea Bizwire) – With traditional brick and mortar retailers feeling squeezed by the rapid growth of online shopping, a new tactic has them fighting back by building massive shopping malls that offer both shopping and entertainment at the same time. Lotte and Shinsegae have announced plans to build seven shopping malls (four by Lotte, [...]
SEOUL, March 18 (Korea Bizwire) – While traditional markets are struggling to compete with large discount stores, young merchants are seeking to launch their future businesses there. On March 17, a special audition was held in Incheon with the goal of selecting young merchants to breathe some new energy into the city’s traditional market. A total [...]
SEOUL, March 18 (Korea Bizwire) – The yellow flowers of wintersweet trees at Changdeok palace have announced the arrival of spring. White Japanese apricot flowers and yellow sansuyu flowers fully blossomed near Nakseonjae and Geumcheon bridge, and the wintersweet flowers at the back of the palace are ready to blossom. Japanese apricot flowers and sansuyu flowers [...]
SEOUL, March 18 (Korea Bizwire) – South Korean rising star Park Bo-gum will have his first-ever overseas fan meeting in Taiwan, his agency said Friday. The meet-and-greet event is slated to take place at Taipei International Convention Center (TICC) on April 23, according to Blossom Entertainment. Park, who made his debut in 2011 through South Korean [...]
SEOUL, March 18 (Korea Bizwire) - The K-pop event of South by Southwest (SXSW), the world’s largest music festival, drew hundreds of people, the South Korean content agency said Friday. More than 1,300 people gathered for K-pop’s Night Out, which featured seven South Korean artists including Mamamoo, Zion.T and Victim Mentality, on Thursday, according to the Korea Creative [...]
SEOUL, March 18 (Korea Bizwire) – South Korean prosecutors raided Volkswagen AG’s vehicle inspection center Friday as authorities crack down on the German automaker’s tardiness in recalling cars that faked emission tests, officials said. The Seoul Central District Prosecutors’ Office said computer hard drives and documents on Volkswagen vehicles’ emissions results have been confiscated from [...]
SEOUL, March 18 (Korea Bizwire) – The spread of western eating habits is introducing Koreans to a new world of cheese. Once thought of as the greasy and smelly ingredient that made western food ‘western’, cheese is now being integrated into the lives of Koreans, creating new types of dishes as well as new opportunities [...]
SEOUL, March 18 (Korea Bizwire) – The rapid increase in the number of single- person households is bringing about great change in consumer behavior. As a result, companies are changing tactics to meet the new market reality. According to a report from the Segye Ilbo, a Korean daily newspaper, the number of single-person households was [...]
SEOUL, March 18 (Korea Bizwire) – South Korea’s two leading conglomerates — Samsung Group and Shinsegae Group, which share the same lineage — have been locked in an unusual conflict over mobile payment tools, industry sources said Friday, as the two are promoting their respective platforms. According to the sources, Samsung’s service sector entities, including Hotel [...]