SEOUL, Aug. 24 (Korea Bizwire) — Industrial design patent applications catering to single people are on the rise as the number of single-person households continues to grow in South Korea. According to the Korean Intellectual Property Office (KIPO) on Wednesday, many of the design applications range from objects as basic as food containers to furniture and [...]
SEOUL, Aug. 24 (Korea Bizwire) — According to the “Beijing Youth Daily” on August 23, a Beijing city government task force ordered the removal of Lotte Mart generators in Juixianqiao and Yangqiao on the grounds of excessive energy use last year. To add insult to injury, the Beijing paper reported that the city had recently [...]
SEOUL, Aug. 23 (Korea Bizwire) – With South Korean internet-only financial institution Kakao Bank continuing to enjoy a significant level of attention, business partner 7-Eleven is benefiting from the online bank’s popularity. In the midst of the surging popularity of Kakao Bank that is sweeping the country, 7-Eleven has emerged as the unexpected beneficiary from [...]
SEOUL, Aug. 22 (Korea Bizwire) – In the wake of South Korea’s pesticide egg scandal, popular unrest and indignation has fomented a change in attitudes that may not have been possible in ordinary times. As of the date of this article, none other than the president has spoken out about the need for reform. Reform [...]
SEOUL, Aug. 17 (Korea Bizwire) – The Samsung Galaxy Note 5 64GB is now available at bargain-bin prices, it it hasn’t already sold out, that is. According to reports from within the mobile communications industry, telecommunications giant SK Telecom upped its total subsidy offer for the phone to 616,000 won irrespective of users’ data plans. [...]
SEJONG, Aug. 17 (Korea Bizwire) — The ratio of mobile shopping to South Korea’s retail sales reached an all-time high in the second quarter of the year, government data showed Thursday, as more consumers are turning to smartphones and other mobile devices to buy goods. Purchases made through smartphones and tablets surged 41.5 percent on-year [...]
SEOUL, Aug. 16 (Korea Bizwire) – Hotel Lotte Co., a hotel and duty-free unit of South Korean retail giant Lotte, saw its operating profit nosedive in the first six months of this year, data showed Wednesday, amid an ongoing diplomatic row between Seoul and Beijing over the deployment of a U.S. missile defense system here. [...]
SEOUL, Aug. 16 (Korea Bizwire) – With South Korean dollar store giant Daiso Korea set to reach two trillion won in sales after 20 years of steady growth since its founding, concerns are growing over the negative impact of its dominance on small local businesses. Marking its 20th anniversary this year, Daiso, which specializes in [...]
SEOUL, Aug. 15 (Korea Bizwire) — South Korea’s health care and beauty-related stores are posting solid growth allowing them to consider expanding operations at home and abroad, industry data showed Tuesday. According to findings released by local retailers, health and beauty (H&B) chain stores like Olive Young, GS Watsons and LOHBs have done well, posting [...]
SEOUL, Aug. 13 (Korea Bizwire) — Lotte Department Store, the country’s leading retailer, said Sunday it will open prayer rooms for Muslims at its store in Seoul this week as it steps up efforts to attract more tourists from the Middle East and Southeast Asian countries. The department store operator said they will open a [...]