Retail & Consumer Goods Archives | Be Korea-savvy

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Samsung, LG Laptops Compete with Battery Performance

Samsung, LG Laptops Compete with Battery Performance

SEOUL, Jan. 23 (Korea Bizwire) – “Thinner” and “lighter” have long been the mantra for laptop manufacturers. The focus is now shifting to battery power in Korea, with two of the country’s largest laptop makers – Samsung Electronics and LG Electronics – highlighting the battery capacity of their latest computers.  Samsung added last month a [...]

China Bans Imports of S. Korean Air Purifiers

China Bans Imports of S. Korean Air Purifiers

SEOUL, Jan. 20 (Korea Bizwire) – China has banned imports of South Korean air purifiers, industry sources said Friday, amid growing concerns Beijing is retaliating against Seoul’s move to install an advanced U.S. missile defense system.  Air purifiers made by LG Electronics Inc., Shinil Co. and two other South Korean firms were listed as disqualified [...]

Lotte Set to Approve Exchange of Land for THAAD Deployment

Lotte Set to Approve Exchange of Land for THAAD Deployment

SEOUL, Jan. 20 (Korea Bizwire) – South Korean conglomerate Lotte will likely relinquish its golf club in the rural town of Seongju so the land can be used for the deployment of a U.S. air missile defense system, informed sources said Friday, despite possible repercussions for its business in China.  According to officials from Lotte [...]

Department Stores Struggle to Attract VIP Customers

Department Stores Struggle to Attract VIP Customers

SEOUL, Jan. 19 (Korea Bizwire) – There is a sense of hierarchical bipartisanship when one visits a Korean department store; there are the VIPs, and the non-VIPs.  Korean department stores have been expanding their VIP programs, targeting specifically the “haves” by either lowering the purchase requirements for the programs or introducing more VIP “levels” to [...]

LG’s G6 to Feature Google’s Voice Assistant Service: Sources

LG’s G6 to Feature Google’s Voice Assistant Service: Sources

SEOUL, Jan. 19 (Korea Bizwire) – LG Electronics Inc.’s upcoming G6 smartphones will come with Google Inc. voice assistant service, industry sources said Thursday, as the South Korean company struggles to compete against its rivals.  LG’s new flagship models — to be unveiled next month — will carry the U.S. tech giant’s artificial intelligence (AI) [...]

Department Stores Rely on VIP Customers to Keep up Sales

Department Stores Rely on VIP Customers to Keep up Sales

SEOUL, Jan. 18 (Korea Bizwire) – Department stores are counting more on their top-spending VIP customers to keep their businesses going, sales figures indicated Wednesday, as consumption drops across all consumer segments due to the slowing economy.  Retail statistics showed that a handful of high spenders continue to account for approximately 20 percent of total [...]

Heat-Generating Clothes Used in Clinical Trial for Diabetes

Heat-Generating Clothes Used in Clinical Trial for Diabetes

SEOUL, Jan. 17 (Korea Bizwire) – A South Korean fabric manufacturer has launched a clinical trial of its heat-generating clothes to help diabetic patients keep their blood sugar levels under control, company officials and doctors said Tuesday.  ReTend Co., the fabric maker, developed its own heat-generating clothes with a high-tech fabric named “TempUp” and let [...]

“Saddest Record Store in the World” Closes Seven Months after Extremist Attack

“Saddest Record Store in the World” Closes Seven Months after Extremist Attack

ISTANBUL, Jan. 17 (Korea Bizwire) – Velvet Indieground, a record shop in Istanbul run by a Korean expat, has closed. The store figured prominently in the media after what an extreme Islamist attack on June 17 of last year, when a handful of Turkish individuals entered the premises, assaulted customers with metal and wooden clubs, [...]