SEOUL, June 13 (Korea Bizwire) — South Korean shipyards are making various efforts to attract foreign workers in response to a shortage of manpower. The nation’s shipbuilding industry is expected to face a shortage of approximately 13,000 production workers in the third quarter of this year, according to the Korea Offshore & Shipbuilding Association. HD [...]
SEOUL, June 13 (Korea Bizwire) — A variety of businesses, including major retailers, are enhancing their marketing campaigns related to the upcoming 2023 BTS Festa, which will celebrate the 10th debut anniversary of the K-pop supergroup BTS. Kurly Corp., the operator of the e-grocery platform Market Kurly, is planning to host a special promotional event [...]
SEOUL, June 11 (Korea Bizwire) — South Korea and Saudi Arabia will form a 208.4 billion-won (US$155 million) joint fund to help Korean startups attract investments and advance to the Middle Eastern market, government officials said Sunday. Saudi Arabia will inject 195.4 billion won into the fund and Korea Venture Investment Corp. will invest the [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s retail industry is expanding benefits for paid membership customers in order to increase the number of loyal customers and secure profitability. Shinsegae Group on Thursday unveiled the Shinsegae Universe integrated membership service, which includes six online and offline affiliates such as E-Mart and Starbucks. Shinsegae plans to [...]
SEOUL, June 8 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co. said Thursday it has signed a series of eco-friendly agreements with global registers and shipping companies. HD Korea Shipbuilding said it signed a memorandum of understanding with Britain’s Lloyd’s Register, Norwegian shipper Knutsen and HD Hyundai Heavy Industries Co. on the lifetime [...]
SEOUL, June 8 (Korea Bizwire) — South Korean shipyard Samsung Heavy Industries Co. said Thursday it has won an approval in principle (AIP) for the conceptual design of a liquefied carbon dioxide (LCO2) carrier from a local certification agency. The AIP from the Korean Register (KR) means that Samsung Heavy Industries’ conceptual design of the [...]
SEOUL, June 7 (Korea Bizwire) — South Korea’s home shopping industry, grappling with poor sales performance due to a decline in television viewership, is incorporating high-end digital technology to attract customers. CJ OnStyle replaced all four of its studios with a digital studio in February, aiming to enhance the customer viewing experience through interactive video [...]
SEOUL, June 7 (Korea Bizwire) — South Korean shipbuilders fell far behind their Chinese rivals in new global orders to place second worldwide in May amid sinking demand, industry data showed Wednesday. Local shipyards won a combined 510,000 compensated gross tons (CGTs) in new orders last month, accounting for 25 percent of the global total [...]
SEOUL, June 5 (Korea Bizwire) — South Korean convenience store industry’s strategy to maximize offline sales by utilizing online platforms is gaining momentum. Convenience store chain CU placed a hangover relief jelly at its physical stores after the product gained popularity among young people when it was released on its mobile application Pocket CU in [...]
SEOUL, June 5 (Korea Bizwire) — South Korea’s offline retail industry is actively pursuing a breakthrough as a lifestyle platform amidst the continuous expansion of online commerce. Leading health and beauty (H&B) store operator CJ Olive Young recently introduced separate liquor sales counters at major outlets, including Gangnam and Euljiro in Seoul. Initially, CJ Olive [...]