SEOUL, Mar. 12 (Korea Bizwire) – A rising trend of cost-emotiveness, or satisfaction to value for money paid, is fueling online sales of small consumer electronic goods in South Korea, a report by a local shopping mall said Sunday. According to Emart Mall, sales of electronic appliances from Jan. 1 through March 4 surged 50 [...]
SEOUL, Mar. 9 (Korea Bizwire) — Major foreign fashion brands are employing the Korean alphabet “hangeul” to make bags, t-shirts, scarves and uniforms amid “hallyu,” the growing global popularity of Korean pop culture. Belgian designer Raf Simons has used fabric bearing the words “Gotgam,” meaning dried persimmon, and “Beopseongpo Gulbi,” or dried yellow corvina fish, [...]
SEOUL, Mar. 9 (Korea Bizwire) — Lotte Corp., the holding company of South Korean retail giant Lotte, said Friday it will continue to make major investments in Vietnam, as its head met with the country’s premier to seek support for the company’s various ongoing projects in the Southeast Asian country. During his meeting with Prime [...]
SEOUL, March 7 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has signed a four-year sponsorship contract with South Korea’s women’s curling team, which captured a surprise silver medal at the PyeongChang Winter Olympics. Under the contract, the home appliances giant will have the team members appear in its advertisements for vacuum cleaners. “We [...]
SEOUL, Mar. 6 (Korea Bizwire) — A growing number of South Korean fashion companies are producing online-only products and shutting down offline outlets amid ever rising sales of fashion items among the younger generation, industry sources said Tuesday. Avista Corp. said it will soon close its offline stores for Kai-aakmann brand products so they could [...]
SEOUL, March 5 (Korea Bizwire) — Despite growing awareness of the importance of work-life balance, owners of small businesses have a poor quality of life, a study published on Monday has revealed. According to the study conducted by the Korea Federation of SMEs, South Korean small business owners work six days a week, 11 hours a [...]
SEOUL, Mar. 5 (Korea Bizwire) — As of this month, Starbucks Coffee Korea Co. employs more than 13,000 workers in South Korea, according to a company statement on Sunday, signaling the continuing success of the coffeehouse chain. The number of Starbucks employees has jumped an incredible 325 times in the past 19 years, since the first [...]
SEOUL, Feb. 28 (Korea Bizwire) — Following the government’s move to shorten legal working hours, an increasing number of South Korean retailers are expected to help employees achieve a healthy work-life balance. The Environment & Labor Committee at the National Assembly passed a reform bill today that prohibits employees from working more than 52 hours in [...]
SEOUL, Feb. 28 (Korea Bizwire) — Discount store Daiso is pushing efforts to promote the fact that it is a Korean company amid speculation over its ties to the Japanese dollar shop brand of the same name. Under the new slogan ‘the people’s shop’, Daiso has launched a new brand campaign as part of efforts to [...]
SEOUL, Feb. 28 (Korea Bizwire) – The record-setting sales at local duty-free shops last month were due heavily to private vendors, a likely sign of an abnormal and fleeting pickup in business, industry sources said Wednesday. The duty-free stores recorded sales of US$1.38 billion in January, up 42.4 percent from the same month a year [...]