SEOUL, Sept. 1 (Korea Bizwire) — An increasing number of South Korean companies are using virtual reality in their marketing campaigns as the latest technology that allows people to thoroughly experience products online before purchasing has proven to improve customer satisfaction. VR technology has been increasingly popular in the mobile and desktop online shopping industry in [...]
SEOUL, Aug. 31 (Korea Bizwire) – An average wedding in South Korea costs nearly 46 million won (US$40,000), excluding the price of buying or renting a home, a survey showed Thursday, with more people opting for smaller ceremonies. Of the 45.9 million won total, the proportion spent on essential items like home furnishings accounted for [...]
SEOUL, Aug. 31 (Korea Bizwire) – Lotte Shopping Co., the retail unit of Lotte Group, said Thursday its plan to hive off the cinema department into a separate company has been postponed due to a court decision. In June, the company’s board members approved the plan to spin off its cinema business as a subsidiary [...]
SEOUL, Aug. 31 (Korea Bizwire) — The South Korean agriculture minister has announced plans to shake up the farming industry and move towards more animal-friendly practices including imposing EU standards for livestock density, following an egg contamination scandal that turned the country upside down. At a policy meeting held on Wednesday at the Sejong Government Complex [...]
SEOUL, Aug. 31 (Korea Bizwire) — The number of South Korean teenagers infected with the human immunodeficiency virus (HIV) is steadily increasing, with health and education authorities planning to ramp up efforts to better educate young people in a bid to stop the spread of the potentially deadly virus. Statistics released by the Gyeonggi provincial government [...]
SEOUL, Aug. 31 (Korea Bizwire) — A shocking report has revealed that South Korean students on average have to work up to 500 hours to cover their tuition fees for each semester if they are attending a private university. The grim findings come from a new report conducted by major South Korean recruitment website Albamon released [...]
HWACHEON, Aug. 31 (Korea Bizwire) — A study has claimed the economic spinoffs of this year’s Hwacheon Tomato Festival are estimated to total 6.7 billion won. The study, conducted by the Sewon Economic Policy Research Institute at the request of the Hwacheon County government, discovered that the county’s annual tomato festival brought in 6.7 billion [...]
SEOUL, Aug. 31 (Korea Bizwire) — Representatives of duty-free shops at Incheon Airport have called on the airport officials to consider dropping the price of rent temporarily amid China’s economic retaliation over the South Korean deployment of a THAAD anti-missile system, which has had a devastating impact on the local tourism industry. According to industry sources, [...]
SEOUL, Aug. 31 (Korea Bizwire) – LG Electronics Inc. on Thursday showcased the much-awaited LG V30 smartphone in Germany ahead of the official kick off the Internationale Funkausstellung, featuring the V series’ first organic light-emitting diode (OLED) display and top-notch camera features. Compared to the previous V smartphones, the tech giant focused on enhancing the [...]
SEOUL/DAEGU, Aug. 31 (Korea Bizwire) – Hyundai Robotics Co. was officially launched on Thursday as the holding company of the Hyundai Heavy Industries Group with the aim to diversify its products and exports markets. The company started operations at its new headquarters in Daegu, 302 kilometers southeast of Seoul, where it completed a smart factory [...]