SEOUL, Oct. 6 (Korea Bizwire) – Lotte and Shinsegae, two of Korea’s retail giants, are pushing forward with efforts to provide more opportunities for women to move up in their corporate hierarchies, implementing women-friendly systems as part of their company policies. According to industry watchers, Shinsegae’s discount store franchise E-Mart instituted a shortened work-hour system [...]
SEOUL, Oct. 6 (Korea Bizwire) – Smartphone companies and mobile carriers are targeting niche customers that are price-sensitive but seeking high-quality products. These lower-cost premium smartphones usually sell in the price range between 600,000 won ($540) and 700,000 won, roughly 300,000 won less than conventional premium smartphones such as the Galaxy Note 7 or LG’s [...]
SEOUL, Oct. 5 (Korea Bizwire) – Samsung Electronics Co., the world’s largest maker of smartphones, said Wednesday its global brand value exceeded US$50 billion this year, citing an annual survey of brand management firm Interbrand. This year, Samsung was again ranked as the seventh-most-valuable global brand with a value of $51.8 billion, up 14 percent [...]
SEOUL, Oct. 5 (Korea Bizwire) – Once a diet staple, rice consumption is rapidly declining in Korea. Over the past 30 years, Korea’s rice consumption per capita has more than halved, dropping from 128.1kg in 1985 to 62.9kg in 2015, with Koreans adopting Westernized diets seeking alternatives like wheat or bread. Amid the changing food [...]
SEOUL, Oct. 5 (Korea Bizwire) – A nationwide shopping festival drove up sales at department stores and large discount stores in South Korea in the first five days after its launch on Sept. 29, mainly thanks to an influx of Chinese shoppers, data showed Wednesday. The massive shopping campaign called “Korea Sale Festa,” which kicked [...]
SEOUL, Oct. 4 (Korea Bizwire) – “Collaboration” is the latest trend in Korea’s food industry, as companies are now joining hands to develop new products. Dongwon F&B is among the more active food product manufacturers seeking such relationships. The company recently launched Denmark Drinking Yoghurt Green Plum, a joint product developed alongside Woongjin Foods, by [...]
SEOUL, Oct. 4 (Korea Bizwire) – The recent hype in Korea over cooking, dining and interior design is helping overseas dishware brands make a successful entrance in the Korean market. Iittala, a Finnish household supplies manufacturer specializing in tableware and cookware, recently introduced a dishware collection called Teema Tiimi that reflects upon Korea’s dining culture, [...]
SEOUL, Sept. 29 (Korea Bizwire) – Ticket Monster (T-Mon), Korea’s leading social commerce platform, announced Thursday that it will be supplying convenience store franchise CU with Xiaomi products for offline distribution. CU outlets have already been selling Xiaomi portable battery packs (5000mAh) since the beginning of September, which were also supplied by T-Mon, but they [...]
SEOUL, Sept. 29 (Korea Bizwire) – Members of the Korean Society for Animal Freedom (KSAF) gathered in front of E-Mart’s headquarters building Wednesday to criticize the company’s Molly’s Pet Shop chain for its on-display sale of puppies, objectifying the animals. They also demanded transparency over how the shops are supplied with animals, raising questions over [...]
SEOUL, Sept. 29 (Korea Bizwire) – South Korea kicked off a nationwide shopping event on Thursday with a variety of promotions, cultural and entertainment events to draw more shoppers at home and abroad and revive the sluggish domestic consumption. The massive shopping campaign called “Korea Sale Festa” runs until Oct. 9, involving major retailers, manufacturers [...]