SEOUL, Jan. 19 (Korea Bizwire) – LG Electronics Inc.’s upcoming G6 smartphones will come with Google Inc. voice assistant service, industry sources said Thursday, as the South Korean company struggles to compete against its rivals. LG’s new flagship models — to be unveiled next month — will carry the U.S. tech giant’s artificial intelligence (AI) [...]
SEOUL, Jan. 18 (Korea Bizwire) – Department stores are counting more on their top-spending VIP customers to keep their businesses going, sales figures indicated Wednesday, as consumption drops across all consumer segments due to the slowing economy. Retail statistics showed that a handful of high spenders continue to account for approximately 20 percent of total [...]
SEOUL, Jan. 17 (Korea Bizwire) – A South Korean fabric manufacturer has launched a clinical trial of its heat-generating clothes to help diabetic patients keep their blood sugar levels under control, company officials and doctors said Tuesday. ReTend Co., the fabric maker, developed its own heat-generating clothes with a high-tech fabric named “TempUp” and let [...]
ISTANBUL, Jan. 17 (Korea Bizwire) – Velvet Indieground, a record shop in Istanbul run by a Korean expat, has closed. The store figured prominently in the media after what an extreme Islamist attack on June 17 of last year, when a handful of Turkish individuals entered the premises, assaulted customers with metal and wooden clubs, [...]
SEOUL, Jan. 13 (Korea Bizwire) – The South Korean food and drug safety watchdog said Friday that it will officially add the category of children’s cosmetics later this year in an effort to better monitor such products. Starting in September, manufacturers of products for children such as lotion, cream and oil are mandated to label [...]
SEOUL, Jan. 12 (Korea Bizwire) – LG Electronics Inc. said Thursday it will unveil its next flagship smartphone, the G6, at an annual technology fair in Spain next month, as it struggles to revive its money-losing smartphone business. In a teaser video released earlier in the day on its YouTube and Facebook accounts, LG hinted [...]
SEOUL, Jan. 11 (Korea Bizwire) – The recovery rate for Samsung’s defective Galaxy Note 7 in Korea is around 95 percent, meaning that roughly 25,000 of the phablets’ users are still desperately clinging on to a product that has been a disaster for the South Korean tech giant. On Tuesday, Samsung Electronics downgraded the device’s [...]
SEOUL, Jan. 11 (Korea Bizwire) – The local office of Britain’s luxury brand Burberry recently marked down the price of some of its products to reflect the fallen value of the British pound, but only by a small margin compared with the currency’s depreciation, fashion industry officials said Wednesday. Burberry Korea dropped the local price [...]
SEOUL, Jan. 10 (Korea Bizwire) – South Korean cosmetics makers hit 52-week lows on the local stock market Tuesday amid increased concerns over a standoff between South Korea and China over a U.S. missile defense system. AmorePacific Co., the country’s No. 1 cosmetics maker, and other companies dependent on the Chinese market have been under [...]
SEOUL, Jan. 10 (Korea Bizwire) – Samsung Electronics shares are still undervalued despite days of record-breaking price climbs, given the tech firm’s operating profit and product marketability, leading asset managers said in their outlook Tuesday. Samsung Electronics released its 2016 fourth-quarter performance estimate Friday that forecast 9.2 trillion won (US$7.64 billion) in operational profit, up [...]