SEOUL, Feb. 27 (Korea Bizwire) — Sales of laptops are on a steady rise, despite smartphones increasingly taking on the role of personal computers. On the back of growing popularity for high-end gaming laptops and the trend of each person owning their own, laptops became the third most sold electronic goods at E-Mart last year, following [...]
SEOUL, Feb. 26 (Korea Bizwire) – KT&G Corp., South Korea’s major tobacco company, said Monday its January net income rose 31 percent from a year ago amid fluctuations in the won-dollar exchange rate. Net profit came to 58.8 billion won (US$55 million) last month, compared with 44.9 billion won posted a year earlier, the company [...]
SEOUL, Feb. 23 (Korea Bizwire) – Lotte Department Store has announced plans to hire hundreds of local workers at a new shopping complex that will open in Gunsan in April, after residents were hit hard by the news that city’s GM Korea plant would be shutting down. Up to 70 percent of the job openings at [...]
SEOUL, Feb. 21 (Korea Bizwire) – Yuhan Corporation, GC Pharma, and Kwang Dong Pharmaceutical are expected to hold the top three positions in the South Korean pharmaceutical industry this year, with their latest sales figures exceeding 1 trillion won. Both Yuhan and GC Pharma are on course to join the ‘one trillion club’ again this year, [...]
SEOUL, Feb. 21 (Korea Bizwire) — Samsung Electronics Co. and its rival LG Electronics Inc. are likely to release their new smartphones in early March, setting the stage for heated competition between the two, industry sources said Wednesday. Mobile carriers are expected to receive preorders for Samsung’s Galaxy S9 smartphone starting Feb. 28, with an [...]
DAEGU, Feb. 21 (Korea Bizwire) – The popularity of Olympic merchandise is soaring in South Korea with the Winter Games set to wrap up this weekend. According to the Daegu branch of Lotte Department Store on Tuesday, sales at the store’s Olympic boutique shot up around the Lunar New Year holiday. Officials from Lotte Department Store [...]
SEOUL, Feb. 21 (Korea Bizwire) — A new study has revealed that retail sales in South Korea during the winter increase when the weather is chilly, but not too cold. The study conducted by supermarket giant E-Mart showed that the number of customers peaked when the temperature hit minus 5 degrees Celsius, also known as the [...]
SEJONG, Feb. 19 (Korea Bizwire) – South Koreans’ direct purchases of electronic goods and home appliances from overseas online sellers jumped more than 40 percent last year, government data showed Saturday. They bought 277.3 billion won (US$256.9 million) worth of home appliances, electronics and communications devices via foreign Internet shopping malls in 2017, according to the Statistics Korea’s online shopping report. It [...]
SEOUL, Feb. 13 (Korea Bizwire) – A study conducted by the Seoul Metropolitan Government into the working conditions of franchise convenience store owners has found that almost 40 percent are not able to take even a single day off work each year. Including 951 owners, the study revealed that average working hour totals were extreme. [...]
SEOUL, Feb. 13 (Korea Bizwire) – Lotte Duty Free, South Korea’s No. 1 duty-free retailer, said Tuesday it will partially close down its operations at the country’s main gateway mainly due to a sharp drop in sales. Lotte Duty Free said it has filed an official request with Incheon International Airport Corp. (IIAC) to withdraw [...]