SEOUL, Jul. 11 (Korea Bizwire) — South Korea’s No. 1 duty-free shop Lotte Duty Free is ramping up efforts to expand its presence in the global market in the face of fierce competition at home, industry sources said Wednesday. The duty-free chain, operated by Hotel Lotte Co., opened a new airport outlet in Nha Trang, [...]
SEOUL, Jul. 10 (Korea Bizwire) — More South Korean convenience stores are set to launch in-house products as local retailers move to attract more consumers with price competitiveness, industry sources said Tuesday. E-Mart24 Inc., the convenience store arm of South Korean retail giant Shinsegae, said it is planning to unveil its own private label product [...]
SEOUL, Jul. 9 (Korea Bizwire) — China’s smartphone producer Huawei Technologies Co. recently won approval from a South Korean technology certification agency for the Nova Lite 2, industry watchers said Monday, paving the way for the device’s launch here. The Telecommunication Technologies Association (TTA) approved the Nova Lite 2 smartphone, which will become the first [...]
NEW DELHI, Jul. 6 (Korea Bizwire) — South Korean companies are pumping up their efforts to diversify export items to India as they seek to tap deeper into Asia’s third-largest economy, industry sources said Friday. So far, South Korean companies have focused on such manufacturing sectors as autos, chemicals, electronics, steel and machinery, but their [...]
SEOUL, Jul. 4 (Korea Bizwire) — Cheaper prices are behind the increasing popularity of direct purchases of foreign merchandise from overseas vendors, according to a survey conducted by the Korea Consumer Agency that queried 1,000 adults over 20 years of age about their shopping habits. Among the respondents, 78.1 percent (multiple answers allowed) said that [...]
SEOUL, Jul 2. (Korea Bizwire) — The hypermarket giant E-Mart announced today that it is planning to install charging stations for electric car use at all of its outlets nationwide by 2021. The company initiated formal service of nine electronic charging stations in a total of four regions (Sokcho, Gangneung, Geomdan, and Gumi) today. The [...]
SEOUL, Jul. 2 (Korea Bizwire) – According to Shinsegae Mall, the top trending words for shopping in the first half of the year were “30s mom,” “mobile,” “fine dust products” and “shopping at 10 p.m.” The shopping mall giant announced women in their 30s were the top users of the company’s online shopping website. Sales [...]
Jun 30 (Korea Bizwire) – At first sight, one would think that they were in front of a “K-store” – a shop carrying Korean items. A quick peek inside, however, reveals the extent of the deception, the opportunistic façade unable to mask the reality of the wares being touted within – knockoffs of popular [...]
SUWON, Jun. 29 (Korea Bizwire) — Fire accidents caused by cigarettes have sharply decreased due to the popularity of heat-not-burn tobacco products and heightened public awareness, data showed Friday. According to the data released by the National Fire Agency, the number of fires caused by unextinguished cigarette butts, the leading cause of fire accidents, across [...]
SEOUL, Jun. 27 (Korea Bizwire) — A special sale that offers significant discounts for foreign visitors in Seoul will kick off on July 1. The “Seoul Summer Sale” to be held during the entire month of July was jointly announced by the city government of Seoul and the Seoul Tourism Organization. The number of businesses [...]