SEOUL, Sept. 19 (Korea Bizwire) — Prosecutors questioned the CEOs of e-commerce affiliates TMON and WeMakePrice on Thursday as part of an investigation over massive payment delays to vendors on their platforms. TMON CEO Ryu Kwang-jin and WeMakePrice CEO Ryu Hwa-hyun appeared at the Seoul Central District Prosecutors Office for questioning on suspicions of embezzlement, [...]
SEOUL, Sept. 19 (Korea Bizwire) – In a move to elevate customer satisfaction, Hyundai Department Store announced on September 18 the implementation of an artificial intelligence (AI) system called Insight Labs to assist its employees in customer interactions. Developed in-house, Insight Labs is designed to analyze customer complaints and feedback related to department store experiences, offering [...]
SEOUL, Sept. 18 (Korea Bizwire) – Starbucks Korea announced on September 16 that it will introduce a new Starbucks Morning Set program, offering discounted set menus of beverages and food items until 10:30 a.m. each day. The initiative aims to cater to customers seeking a convenient breakfast option, reflecting the coffee giant’s strategic move to capture [...]
SEJONG, Sept. 18 (Korea Bizwire) – The growing popularity of highballs in South Korea’s alcoholic beverage market has led to an increase in liquor tax revenue, reflecting changing consumer tastes in the country’s drinking culture. According to data obtained from the National Tax Service by Park Sung-hoon, a lawmaker from the People Power Party, overall liquor [...]
JEJU, Sept. 18 (Korea Bizwire) – In a sign of agriculture’s digital future, cows on a dairy farm on Jeju Island are being milked and cared for by robots around the clock. Dawon Farm, located in Jeju City’s Jocheon-eup district, has embraced automation with the introduction of eight digital robotic milking machines. These tireless devices operate [...]
SEOUL, Sept. 12 (Korea Bizwire) –Lotte Asahi Liquor, a prominent player in South Korea’s beverage industry, announced on September 12 that it will officially launch its premium beer Asahi Shokusai in the Korean market on September 24. This move comes after a limited release earlier this spring that garnered significant attention from beer enthusiasts. [...]
SEOUL, Sept. 11 (Korea Bizwire) – As inflation continues to squeeze household budgets, South Koreans are turning to secondhand marketplace applications in record numbers, according to a recent study. App and retail analysis service Wise App reported on September 10 that last month saw an all-time high in both installations and active users of major secondhand [...]
SEOUL, Sept. 11 (Korea Bizwire) – In a sign of growing environmental consciousness among South Korean consumers, Hyundai Department Store announced on September 10 that it has sold out of its 10,000 eco-friendly fruit gift sets ahead of the Chuseok holiday. These sets, notably free of plastic packaging, mark a significant shift in the company’s approach [...]
YONGIN, Sept. 11 (Korea Bizwire) – Everland, a major theme park and resort complex in South Korea, announced on September 10 that its newly developed rose variety, Perfume Everscape, has demonstrated significant antioxidant properties. The findings were published in the Science Citation Index Expanded (SCIE) international journal, “Chemical and Biological Technologies in Agriculture.” Roses have long [...]
SEOUL, Sept. 11 (Korea Bizwire) – In a significant step towards the future of transportation, POSCO, the South Korean steel giant, has become the world’s first manufacturer to produce specialized steel for hyperloop systems, supplying it to a European test track. On September 10, POSCO announced its participation in the inauguration ceremony of the European Hyperloop [...]