SEOUL, March 15 (Korea Bizwire) – South Korea is keeping a close watch on China’s next moves that may work to further hurt its industries, as Beijing’s travel ban to its neighboring country came into effect Wednesday, the latest hostile measure taken in protest of Seoul’s stationing of a U.S. anti-missile system. China-based travel agencies, [...]
SEOUL, March 15 (Korea Bizwire) – DIY products are appealing to more and more South Korean consumers who have grown to seek individuality, and are now becoming popular in unconventional products like cosmetics or fashion items. Local cosmetics brand Etude House launched this month a lipstick product dubbed “Dear My Glass Tinting Lips-Talk” which comes [...]
SEOUL, March 14 (Korea Bizwire) – LG Electronics has set a new Guinness World Record for the longest line of sticky notes, showing its support for India’s armed forces. An astounding 114,741 handwritten messages from customers in support of Indian Armed Forces snaked across the floor of a gymnasium located in Greater Noida, just outside New [...]
SEOUL, Mar. 14 (Korea Bizwire) — No toxic chemicals linked to cancer have been found in widely used baby diapers sold by a global brand, South Korea’s trade ministry said Monday, a result that followed a French study that claimed they contain harmful compounds. A test conducted jointly by the Ministry of Trade, Industry and [...]
SEOUL, Mar. 12 (Korea Bizwire) — A majority of businesses in the content, tourism and retail sectors said they are suffering from the ongoing spat between South Korea and China over the deployment of a U.S. missile defense system, a survey showed Sunday. According to the survey conducted on 597 firms in those sectors by [...]
SEOUL, Mar. 12 (Korea Bizwire) — South Korean duty-free operators are holding back from expanding their businesses on grim prospects that the intensifying trade spat between South Korea and China over the U.S. anti-missile system will further weigh down sales, industry sources said Sunday. HDC Shilla Co., a latecomer in the local duty-free industry, may [...]
SEOUL, March 8 (Korea Bizwire) – Lotte Group said Wednesday more than half of its hypermarket chains operating in China have been forced to shut down temporarily, adding to woes that Beijing’s reprisal against Seoul over the deployment of an advanced U.S. missile defense system is intensifying. The number of Lotte Mart stores facing business [...]
CHINA, March 8 (Korea Bizwire) – Chinese hackers have officially declared online war on South Korea and Lotte, one of its biggest conglomerates, in what appears to be retaliation against the deployment of the controversial THAAD missile-defense system. An unidentified masked man appeared in a video uploaded on Yuku, the Chinese equivalent of Youtube, where [...]
SEOUL, March 8 (Korea Bizwire) – Samsung Electronics Co. is expected to report a 30-percent jump in its first-quarter operating profit as strong sales of semiconductors continue to drive earnings, market data showed Wednesday. According to a survey of earnings forecasts by market tracker FnGuide, Samsung is likely to post an operating profit of 8.7 [...]
SEOUL, March 7 (Korea Bizwire) – Adding to Lotte’s recent misery in its business operations in China, the South Korean retail giant has recently been the target of fake news on Chinese online communities that promoted anti-Lotte and anti-Korean sentiment. According to sources from China, an alleged interview with Lotte Group Chairman Shin Dong-bin went [...]