SEOUL, Oct. 18 (Korea Bizwire) – Kiturami, a renowned water heater brand, is ramping up its marketing efforts with a focus on two keywords: ‘character’ and ‘keyring,’ both of which have gained immense popularity among members of the MZ generation, which is commonly used in South Korea to refer to Millennials and Generation Z. On Monday, Kiturami [...]
SEOUL, Oct. 17 (Korea Bizwire) – Amidst prolonged high inflation, large discount stores are fiercely competing to attract price-sensitive consumers who are eager to save even a penny. According to the retail industry, E-Mart has been organizing a group purchasing event called ‘Order Pick’ through the E-Mart app since April. ‘Order Pick,’ a term formed by combining [...]
SEOUL, Oct. 17 (Korea Bizwire) – A warning has been issued regarding counterfeit products being sold on Naver’s Smart Store portal. It has been revealed that up to 300,000 counterfeit products, including fake Chanel perfume containing urine, are being sold on Naver’s portal. According to the ‘Status of Counterfeit Product Detection by Online Platforms’ issued by the [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Monday it will build two mid-sized, ammonia-powered ships for the first time in the world. HD Korea Shipbuilding said it will install an ammonia dual-fuel engine in the 45,000-cubic meter liquefied petroleum gas (LPG) carriers, whose order it [...]
SEOUL, Oct. 13 (Korea Bizwire) — Two models of Hyundai Motor Co.’s luxury brand Genesis have earned top safety awards from the U.S. Insurance Institute for Highway Safety (IIHS), according to the group Friday. The Genesis G80 model and its electrified variant garnered the Top Safety Pick+ (TSP+) awards in the latest IIHS’ collision tests, [...]
SEOUL, Oct. 12 (Korea Bizwire) — KT&G Corp., South Korea’s dominant tobacco company, said Thursday it has begun construction in Kazakhstan of its fourth overseas plant as part of its expansion strategy. KT&G aims to complete the plant’s construction by 2025 to export its products to the Eurasian region, the company said in a statement. [...]
WASHINGTON, Oct. 10 (Korea Bizwire) — From a legacy self-propelled howitzer to a new unmanned ground vehicle and a high-tech drone, a dozen South Korean companies showcased their advanced defense products at a major U.S. defense exhibition in Washington on Tuesday. The Association of the United States Army (AUSA) 2023 Annual Meeting and Exposition kicked [...]
SEOUL, Oct. 11 (Korea Bizwire) – A South Korean politician urged the government on Tuesday to urgently devise measures to prevent Chinese companies from releasing imitated versions of K-foods, as some Chinese companies imitate not only the brand name and packaging but also use the Korean language on their products. Lee Yang-soo, a lawmaker from the [...]
SEOUL, Oct. 11 (Korea Bizwire) – The pet snack market, with a focus on nutritional supplements, is experiencing significant growth thanks to the increasing trend of pet ownership stemming from the rise in single-person households, declining birth rates, and an aging population. According to ‘Retail Talk,’ a newsletter from the Korea Chamber of Commerce and Industry [...]
SEOUL, Oct. 10 (Korea Bizwire) — South Korean steel giant POSCO Holdings Inc. said Tuesday it has received 85 billion won (US$63.2 million) in third-quarter dividends from an Australian iron ore company. The receipt follows a recent decision by the board of Australia’s Roy Hill Holdings to pay AU$800 million (US$514 million) in total third-quarter [...]