Korea Bizwire, Author at Be Korea-savvy
State-led Sales Campaign Set to End, Department Stores Report Revenue Increase

State-led Sales Campaign Set to End, Department Stores Report Revenue Increase

SEOUL, July 12 (Korea Bizwire) — A state-led sales festival designed to boost spending amid the coronavirus outbreak was set to end Sunday, with major department stores posting an increase in revenue on high demand for luxury goods. But discount store chains and traditional markets did not see intended sales-boosting impacts due mainly to a [...]

Telcos Expand VR Services amid Pandemic

Telcos Expand VR Services amid Pandemic

SEOUL, July 11 (Korea Bizwire) — Local mobile carriers are expanding virtual reality (VR) services to cope with increased demand for online content amid the COVID-19 pandemic, industry sources said Saturday. Leading mobile carrier SK Telecom Co. has started offering recorded VR sessions of the Bucheon International Fantastic Film Festival on its Jump VR application [...]

Samsung’s Mobile Biz to Benefit from Anti-China Sentiment in India

Samsung’s Mobile Biz to Benefit from Anti-China Sentiment in India

SEOUL, July 11 (Korea BIzwire) — Samsung Electronics Co. is expected to increase its presence in the Indian smartphone market on growing anti-China sentiment in the South Asian nation, analysts here said Saturday. Sinophobia is growing in India with a public boycott of Chinese-made goods following the deaths of 20 Indian soldiers in last month’s [...]

Naver, Kakao Tipped to Report Strong Q2 Earnings amid Pandemic

Naver, Kakao Tipped to Report Strong Q2 Earnings amid Pandemic

SEOUL, July 11 (Korea BIzwire) — Naver Corp., South Korea’s top Internet portal operator, and Kakao Corp., the operator of the country’s top mobile messenger KakaoTalk, are forecast to report stronger-than-expected earnings for the second quarter amid the coronavirus pandemic, industry reports showed Saturday. The operating profit of Kakao is likely to soar by 136 [...]