SEOUL, Feb. 22 (Korea Bizwire) — E-Mart Inc., South Korea’s largest discount store chain operator, said Thursday it aims to achieve 1.9 trillion won (US$1.76 billion) in sales from its warehouse-style stores this year as it attempts to revitalize offline shopping outlets in the face of tougher competition from online malls. E-Mart Traders opened two [...]
PYEONGCHANG, South Korea, Feb. 22 (Korea Bizwire) — The total number of spectators who have visited the PyeongChang Winter Olympics has surpassed 1 million, with just three days left to the closing ceremony, local organizers said Thursday. “The combined number of spectators as of Wednesday was 1,076,000,” said Sung Baik-you, spokesperson for the PyeongChang Organizing [...]
SEOUL, Feb. 22 (Korea Bizwire) — Kia Motors Corp. said Thursday it will produce its SP compact sport utility vehicle in its Indian plant, which will be completed in the second half of next year, to help boost sales in the rapidly growing automobile market there. Kia Motors is in the process of building a [...]
SEOUL, Feb. 22 (Korea Bizwire) — Hyundai Heavy Industries Co., the world’s largest shipbuilder by sales, said Thursday it has received a US$58 million order to build 15 bullet tanks for storing liquefied petroleum gas (LPG) for a Nigerian firm. Hyundai Heavy said it is set to deliver the tanks to Nigeria’s Dangote Oil Refining [...]
SEOUL, Feb. 22 (Korea Bizwire) – A report on online advertising trends in 2017 published by the Korea Internet and Security Agency (KISA) has revealed that 89 percent of 2,000 survey participants were willing to sit through advertisements if it meant they would gain access to free content. Only 11 percent responded that they would [...]
SEOUL, Feb. 22 (Korea Bizwire) – Naver is looking to take its online search capabilities global by releasing an AI-integrated search feature on its online messaging service Naver Line. Naver Line possesses a strong userbase in Japan and Southeast Asia. As all previous forays by South Korean search engines into foreign markets have been unsuccessful, [...]
SEOUL, Feb. 22 (Korea Bizwire) – Online job service Incruit found via an internally conducted analysis that job postings and applications for web masters and online mall masters had soared in the past five years. The number of posts searching for applicants to these positions was 505.8 percent more than in 2013. Other types of [...]
JEJU, Feb. 22 (Korea Bizwire) – Jeju Island, South Korea’s only island province and a major tourist destination, announced on February 21 that it had approved the move of the foreigners-only Landing Casino from its location at the Hyatt Regency Jeju Hotel to Jeju Shinhwa World, the island’s first integrated resort. The move will vastly [...]
PYEONGCHANG, Feb. 21 (Korea Bizwire) – Moments during and after the South Korean women’s team pursuit quarterfinals performance at the PyeongChang Oympics has sparked an uproar that has yet to settle. Despite finishing seventh out of eight teams that day, the reason for the public outrage has not been the team’s poor record, but what [...]
SEOUL, Feb. 21 (Korea Bizwire) — Samsung Electronics Co. and its rival LG Electronics Inc. are likely to release their new smartphones in early March, setting the stage for heated competition between the two, industry sources said Wednesday. Mobile carriers are expected to receive preorders for Samsung’s Galaxy S9 smartphone starting Feb. 28, with an [...]