SEOUL, Jan.4 (Korea Bizwire) – It has become possible to let people know about the release of one’s own book through the use of smartphones. Aladdin, the online book store, announced that it started an ‘Online Book Launching Party’ service so that a publisher can advertise their own book to friends and acquaintances. After registering [...]
SEOUL, Jan.4 (Korea Bizwire) – With Korean internet giants Naver and Kakao bolstering their mobile real estate service offerings, competition is becoming fierce. The mobile real estate brokerage market, which has been lead by startups like ZigBang, is expected to grow significantly this year. According to industry reports, Naver has launched the official version of [...]
SEOUL, Jan.4 (Korea Bizwire) – Smartphones from China’s Huawei, exclusively sold in Korea by LG U+, are creating a craze after the launch of the company’s affordable Y6 model, with 10,000 devices sold in only 15 days. LG U+ announced that approximately 700 units of the Y6 are being sold every day, creating an unprecedented [...]
SEOUL, Jan.4 (Korea Bizwire) – Research has revealed that if parents listen to their kids and allow them to take care of themselves, their children will have a lower tendency to become addicted to smartphone use. According to a report entitled ‘Influence of Parenting on Adolescent Smartphone Addiction’ by Professors Mun Doo-sik and Choi Eun-sil [...]
SEOUL/SEJONG, Jan. 4 (Korea Bizwire) – South Korean processed food companies and farmers are ramping up efforts to tap into the rapidly growing global halal market as they face tougher competition from cheaper rivals and unfavorable foreign exchange rates, industry watchers said Monday. Halal food refers to food products that are prepared in a specific [...]
SEOUL, Jan. 4 (Korea Bizwire) – The unusually warm weather has hurt retailers’ sales of everything from winter coats to snow boots, while boosting sales of outdoor sportswear and camping gear, industry officials said Monday. December was the warmest month on record in South Korea as an unusually strong El Nino effect has been heating [...]
SEJONG, Jan. 4 (Korea Bizwire) – South Korea’s finance minister said Monday that it is necessary to push for sweeping reforms in all sectors in order to succeed in a tough environment in the new year and achieve its economic goal. “We will face a more difficult environment in the new year. Global uncertainties are [...]
SEOUL, Jan. 4 (Korea Bizwire) – Hyundai Motor Group’s chairman said Monday that its two carmakers aim to produce and sell 8.13 million cars this year, lowering its annual target from a year earlier due to tough market conditions at home and abroad. This is a downgrade from the previous year when the group, which [...]
SEOUL, Jan. 3 (Korea Bizwire) – South Korea’s top refiner SK Innovation Co. plans to speed up its overseas expansion this year as it seeks to develop new growth engines while also boosting its global presence, company officials said Sunday. The move apparently comes as more than half of the company’s overall sales already are [...]
SEOUL, Jan. 3 (Korea Bizwire) – South Korean firms may experience a credit crisis this year after a number of them have suffered cuts in their credit ratings, market observers said Sunday. According to Korea Ratings, one of the country’s three largest credit appraisers, the number of local firms suffering credit rating downgrades in 2015 [...]