SEOUL, July 29 (Korea Bizwire) – LG Electronics Inc., South Korea’s No. 2 tech giant, said Wednesday its second-quarter net profit tumbled 45 percent on-year due to lackluster sales of its flagship G4 smartphone and unfavorable currency rates. Net profit came to 226.4 billion won (US$195.7 million) in the April-June period, compared with 411.8 billion [...]
SEOUL, July 24 (Korea Bizwire) – The International Olympic Committee (IOC) announced Friday it concluded “a very good” review of PyeongChang’s preparations for the 2018 Winter Games, saying the South Korean host has its focus on the right places. An IOC delegation, led by Gunilla Lindberg, head of its Coordination Commission, wrapped up its fifth [...]
SEOUL, July 24 (Korea Bizwire) – Actor Lee Byung-hun made a public apology Friday for causing trouble over a blackmail case in his first public appearance here since the scandal emerged. “It’s all thanks to your attention that I was able to live as an actor,” Lee said in a trembling voice during a press [...]
SEOUL, July 24 (Korea Bizwire) – Lee Min-ho, a Korean actor hugely popular at home and in China, will appear in a government-produced TV advertisement aimed at jumpstarting the recovery of the domestic tourism industry hit hard by the spread of MERS, the government said Friday. The star of the popular Korean TV series “Boys [...]
Seoul, July 24 (Korea Bizwire)– Unlikely combinations that mix fruit flavors with soju, chips, coffee and even chicken are continuously being launched. Fruit flavors seem to be dominating the food business, where honey butter flavors were the leading trend until early this year. According food industry watchers, Haitai, who created the honey butter craze, recently launched a [...]
Seoul, July 24 (Korea Bizwire) — Just like a verse from the poem by Shin Gyung-ream, famous writer in Korea, ‘Just because we are poor does not necessarily mean we cannot know love’, we would know how good coffee tastes even if we’re poor. That seems to be local consumer sentiment reflecting Korean affection for [...]
Seoul, July 24 (Korea Bizwire)- Recently, famous dessert brands have been introduced to the groceries sections of major department stores. Even though department stores are in the middle of a slump, sales of desserts-which are called ‘a small luxury for me’- are soaring, with growth rates staying in the double digits. As a result, department [...]
Seoul, July 21 (Korea Bizwire)-Recalling the time when Jun Ji-hyun(34) started to gain attention as a star actress, many would choose the film ‘The Thieves’, which was directed by Choi Dong-hoon and released in 2012. At a sly comment degrading her looks by asking if her pretty face was the result of plastic surgery, ‘Yenicall’ [...]
Seoul, July 21 (Korea Bizwire) – A company where only ‘old folks’ are eligible to work will be launched. Dongjak-gu, a district in Seoul, announced on July 20 that they would establish a company called ‘Happiness for the Elderly Inc.’ that will employ elderly citizens over 60. The district will be investing all of the [...]
SEOUL, July 18 (Korea Bizwire) – U.S. second lady Jill Biden met with female monks at a Buddhist temple in Seoul on Saturday as she began a two-day trip to promote women’s education and economic empowerment issues in South Korea. “The sisters are educating, empowering women; we talked about that, which is the purpose of [...]