SEOUL, Nov. 22 (Korea Bizwire) — The Asia-Pacific chief of British home appliance maker Dyson Ltd. on Wednesday issued an apology to South Korean consumers amid growing complaints over the company’s reportedly poor handling of customer service in the country. Rob Webster, head of Dyson’s Asia-Pacific division, said in a Korean-language statement that he “deeply [...]
SEOUL, Nov. 21 (Korea Bizwire) – After becoming nuisances at department stores due to the growth of online shopping, young fashion brands are turning into cash cows amid an economic slump and consumption polarization. Young fashion brands, which cater to the consumption trend of the MZ generation with high cost efficiency and trendy design, are enjoying [...]
SEOUL, Nov. 21 (Korea Bizwire) – While Costco, the U.S. warehouse discount store, achieved a milestone in South Korea with annual sales exceeding 6 trillion won for the first time, its social contributions in the country have dwindled. Moreover, the company remitted a dividend to its U.S. headquarters that surpassed its annual operating profit. Costco Korea’s [...]
SEOUL, Nov. 20 (Korea Bizwire) – Consumer grievances regarding Dyson, a renowned British brand positioned as a “premium” home appliance provider, have seen a substantial surge. Individuals who were drawn to Dyson products for their distinctive design, convenience, and exceptional features are encountering challenges with post-purchase services. Numerous instances have emerged where consumers, even months after [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Friday it has bagged a 444.4 billion-won (US$340 million) order to build two very large ethane carriers for an Asian shipper. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the 98,000-cubic-meter [...]
SEOUL, Nov. 16 (Korea Bizwire) — South Korea’s beer imports from China plunged more than 40 percent last month from a year earlier following the release of a viral video showing a man urinating into a tank at Tsingtao Brewery, the customs office said Thursday. The amount of beer imports from China fell 43 percent [...]
SEOUL, Nov. 16 (Korea Bizwire) – The South Korean importer of Qingdao beer, which became embroiled in controversy following a video showing an employee at a Chinese production plant engaging in shockingly inappropriate behavior, has initiated a voluntary retirement program. This decision comes in the wake of a significant downturn in Qingdao beer sales. The once-popular [...]
SEOUL, Nov. 15 (Korea Bizwire) — KT Corp., a major telecom company in South Korea, is scheduled to end its domestic telegram service in December, 138 years after its debut in the country, industry sources said Wednesday. KT, South Korea’s top fixed-line operator, posted on its webpage on Nov. 2 a notice that its 115 [...]
SEOUL, Nov. 15 (Korea Bizwire) – With the home shopping industry facing significant challenges, major players in Korea are grappling with a somber third-quarter performance. The primary culprits behind this downturn include dwindling television viewership and the growing burden of broadcasting fees, which home shopping companies must bear to maintain channels on pay-TV networks. Notably, the [...]
SEOUL, Nov. 14 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Tuesday it has bagged a 656.2 billion-won (US$498 million) order for four very large ammonia carriers (VLAC) from a Greek shipper. The vessels will be constructed at Hanwha Ocean’s shipyard in Geoje on the south coast and delivered to Naftomar Shipping [...]