Retail & Consumer Goods Archives | Page 2 of 117 | Be Korea-savvy

Archive by category Retail & Consumer Goods

SK Planet’s Turkish Unit Sets Record Daily Transactions

SK Planet’s Turkish Unit Sets Record Daily Transactions

SEOUL, Nov. 14 (Korea Bizwire) — SK Planet Co., the operator of local e-commerce platform 11st, said Tuesday its Turkish unit posted 42 billion won (US$37.5 million) in transactions during an online shopping event held last week, marking the highest daily ever record. The new peak was set during a shopping promotion held by n11, [...]

Only 38 Percent of Online Posts Positive on Automated Convenience Stores

Only 38 Percent of Online Posts Positive on Automated Convenience Stores

SEOUL, Nov. 13 (Korea Bizwire) – With new breakthroughs in artificial intelligence, self-driving cars, and other next generation technologies seemingly unveiled every other day, the potential impact of these innovations has drawn a line between optimists and pessimists, with the latter found to outnumber the former by a considerable margin, at least in South Korea. [...]

Louis Vuitton Losing Past Luster in S. Korean Market

Louis Vuitton Losing Past Luster in S. Korean Market

SEOUL, Nov. 13 (Korea Bizwire) — Luxury brand Louis Vuitton has fallen behind its rivals in the South Korean market, with sales dipping into minus territory this year, industry data showed Monday. Sales at a leading department store for the international fashion house for the January-October period backtracked 5.3 percent. Demand for Louis Vuitton products [...]

Apple Expected to Beat Samsung in Q4 Smartphone Shipment

Apple Expected to Beat Samsung in Q4 Smartphone Shipment

SEOUL, Nov. 11 (Korea Bizwire) — U.S. tech giant Apple Inc. is set to beat Samsung Electronics Co. in the global smartphone market in the fourth quarter, industry data showed Friday, helped by the robust performance of the iPhone X. According to the data compiled by industry tracker TrendForce, Apple is expected to take up [...]

Restaurants Expecting Better Business in Fourth Quarter

Restaurants Expecting Better Business in Fourth Quarter

SEOUL, Nov. 11 (Korea Bizwire) — The restaurant business was somewhat stunted in the third quarter this year but is expected to improve in the fourth quarter, mostly for those that serve foreign food, a sentiment survey showed Friday. The Korea Restaurant Business Index, released jointly by the Ministry of Agriculture, Food and Rural Affairs [...]

Gov’t Endorses Tax Hike for HNB E-Cigarettes

Gov’t Endorses Tax Hike for HNB E-Cigarettes

SEOUL, Nov. 9 (Korea Bizwire) — South Korea’s parliament passed a bill Thursday to raise the tax on heat-not-burn (HNB) e-cigarette products amid a lingering dispute over whether they should be treated differently from conventional cigarettes. The revision bill calls for increasing the individual consumption tax rate for HNB tobacco products — such as Phillip [...]

A Tale of Two Executives for Samsung, LG’s North American Operations

A Tale of Two Executives for Samsung, LG’s North American Operations

SEOUL, Nov. 9 (Korea Bizwire) – Changes in leadership for the U.S. branches of Samsung and LG are causing a minor stir in industry circles as speculation that the former’s success may have been a factor in the latter’s decision.  On November 9, it was reported that LG Senior VP of Home Appliance Sales John [...]

Lotte Expecting Resumption of Shenyang Project on Envoy’s Visit

Lotte Expecting Resumption of Shenyang Project on Envoy’s Visit

SEOUL, Nov. 9 (Korea Bizwire) — Lotte Group’s giant construction project in Shenyang, China, could resume this month after a year of suspension as China pulls back on its retribution over a U.S. anti-missile defense system being deployed in South Korea, corporate sources said Thursday. Ambassador Noh Young-min, South Korea’s new envoy to Beijing, who [...]