SEOUL, Sept. 25 (Korea Bizwire) – South Korean Olympic chief on Monday downplayed security concerns ahead of the 2018 PyeongChang Winter Olympics, saying countries are unlikely to skip the competition despite rising tensions on the Korean Peninsula. Lee Kee-heung, head of the Korean Sport & Olympic Committee (KSOC), said while some countries may have reservations [...]
SEOUL, Sept. 22 (Korea Bizwire) – LG Electronics Inc. said Friday it will expand into the beauty appliance market in line with its strategy to diversify its business portfolio. The South Korean tech giant said it decided to move into the household business area as the industry is set to expand sharply down the road. [...]
SEOUL, Sept. 23 (Korea Bizwire) – Sales at South Korea’s traditional markets decreased sharply over the past 10 years, data showed Saturday, apparently as a rising number of consumers opted for modern supermarkets. According to the data compiled by Ministry of SMEs and Startups, the combined sales at local traditional markets decreased 22.7 percent in [...]
SEOUL, Sept. 23 (Korea Bizwire) – China-based IT firm LeEco kicked off a flagship store in South Korea to start sales of its products here, industry sources said Saturday. LeEco, launched as video-streaming service provider in 2004, has been gradually expanding its business portfolio to cover automobiles and handsets. Its mobile products are considered to [...]
TONGYEONG, Sept. 23 (Koera Bizwire) – Classical concerts honoring the world-renowned South Korean-born composer Yun Isang will be staged in Germany and three other European countries from next week to mark his 100th birthday. The Tongyeong Festival Orchestra (TFO) said on Saturday that it will hold a 10-day tour of Europe from Monday in remembrance [...]
SEOUL, Sept. 22 (Korea Bizwire) — The Seoul International Community Orchestra, a diverse orchestra consisting of 63 members from 29 countries, performed for the first time in the South Korean capital on Thursday in celebration of its foundation. During a launch ceremony near Seoul Citizens Hall, which was held with the support of the Seoul Metropolitan [...]
SEOUL, Sept. 22 (Korea Bizwire) — A new survey has revealed South Korean customers are most satisfied with Samsung Pay when it comes to simple payment services. According to findings from the survey conducted by Korea Consumer Agency with a sample of 1,200 respondents, Samsung Pay was found to be the preferred simple payment service [...]
MEXICO CITY, Sept. 22 (Korea Bizwire) — With a series of powerful earthquakes hitting Mexico and leaving hundreds of people dead, the Korean business community in the country is beginning to feel the negative impact of the devastating natural disasters. Though Mexico City, which was been rocked by a magnitude 7.1 earthquake, is slowly recovering [...]
SEOUL, Sept. 22 (Korea Bizwire) — An online blogger became the first South Korean to get ahold of an iPhone 8, after traveling Japan to purchase the latest mobile device from Apple on Friday. Blogger Choi Pil-sik, who is also known as ‘Toothbrush’, made an announcement on Facebook in the morning, sharing the moment with [...]
SEOUL, Sept. 22 (Korea Bizwire) — The government’s directive for bakery chain Paris Baguette to hire over 5,000 contract employees has shaken the South Korean bakery industry to its core, with major players taking care to observe the impact of the ruling. The Ministry of Labor and Employment gave South Korea’s biggest bakery franchise a correction [...]