SEOUL, Jan.8 (Korea Bizwire) – While sales at department stores and large discount stores have stayed steady or even deceased over the past three years, convenience stores have seen annual growth rates between 10 and 20 percent. Private brands for items such as lunch boxes and snacks developed to meet the needs of single and [...]
SEOUL, Jan. 8 (Korea Bizwire) – The Middle East Respiratory Syndrome (MERS) virus that spread through South Korea last year underwent a mutation that could have affected its ability to infect people and the fatality rate, the government said Friday. The Korea Centers for Disease Control and Prevention (KCDC) said bodily fluid specimens taken from [...]
JAECHEON, Jan.8 (Korea Bizwire) – The Uirimji Reservoir Naked Marathon will be held at Jaecheon, Chungbuk Province on January 10. It is the 11th year of the event, which is the first ‘naked marathon’ in the nation. Since the run started in 2005, it has been held every year no matter how cold the weather [...]
SEOUL, Jan.8 (Korea Bizwire) – Netflix, the largest video streaming service platform in the world, launched its service in Korea on January 7. Some are questioning whether the platform can achieve as great success as in the American market. Reed Hastings, the CEO of Netflix, announced that Netflix would expand its service to 130 countries [...]
SEOUL, Jan. 8 (Korea Bizwire) - Yoochun of the South Korean boy band JYJ, who is currently working as a public servant in place of his mandatory military service, will release his first solo album later this month, his agency said Friday. The EP, whose Korean title means “How Much Love Do You Have in Your [...]
SEOUL, Jan. 8 (Korea Bizwire) – South Korean tech giant Samsung Electronics Co. reported forecast-missing quarterly profit on Friday as sales of smartphones and memory chips remained sluggish. Samsung said it probably posted an operating profit of 6.1 trillion won (US$5.08 billion) in the October-December period, up 15.3 percent from the 5.2 trillion won a [...]
SEOUL, Jan. 8 (Korea Bizwire) – The combined domestic market share of Hyundai Motor Co. and its affiliate Kia Motors Corp. remained below the 70 percent level for the second straight year in 2015, affected by the marked advances of foreign brands and intense competition from other smaller local rivals, industry data showed Friday. According [...]
SEOUL, Jan.7 (Korea Bizwire) – Although the number of foreigners visiting Korea every year is reaching 20 million, five star hotels in Korea seem to be neglecting hansik, traditional Korean cuisine. According to industry analysts, among the 20 five star hotels located in Seoul, only three hotels had Korean restaurants – the Sheraton Grand Walkerhill, [...]
SEOUL, Jan. 7 (Yonhap) – Given the time difference between the United States and South Korea, Major League Baseball (MLB) games are televised or streamed in the morning hours for fans here. And Park Byung-ho, who recently signed with the Minnesota Twins, said he wants to give his supporters at home something to cheer about [...]
SEOUL, Jan.7 (Korea Bizwire) – Chinese electronics, which have often been thought of as cheap in price, but also in quality, have moved into the spotlight. Sales of Chinese smartphones and small smart devices are on a rapid rise due to reasonable prices and decent performance. Two Chinese manufacturers, Xiaomi and Huawei, are leading the [...]