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Luxury Goods Spark Sales Growth at Home Shopping Channels

Luxury Goods Spark Sales Growth at Home Shopping Channels

SEOUL, Nov. 19 (Korea Bizwire) — With winter around the corner, sales of high-priced winter attire on home shopping channels are soaring. According to industry sources, home shopping fashion broadcasts for this year’s fall and winter season are gaining popularity due to the appearance of products priced at more than 1 million won (US$858). A [...]

GS Units Partner with U.S. Mobility Startup Lime

GS Units Partner with U.S. Mobility Startup Lime

SEOUL, Nov. 19 (Korea Bizwire) – Two affiliates of energy and construction-centered GS Group said Tuesday they have formed a partnership with U.S. micro-mobility startup Lime to offer better mobility services using their infrastructure. GS Caltex Corp., a major refiner, and GS Retail Co., the group’s retail business affiliate, will provide charging services for Lime’s [...]

Education Industry Joins Hands with IT

Education Industry Joins Hands with IT

SEOUL, Nov. 18 (Korea Bizwire) – The so-called ‘edutech’ industry, relating to a form of education that makes use of information technology (IT), is expected to replace paper workbooks that once led the education industry. Edutech, a term that combines ‘education’ with ‘technology,’ is now going beyond online courses on computers, smartphones, and tablets to [...]

Reeling from Japan Boycott, Travel Industry Turns to Custom Trips

Reeling from Japan Boycott, Travel Industry Turns to Custom Trips

SEOUL, Nov. 18 (Korea Bizwire) — Hit hard by a boycott against travel to Japan, the travel industry is looking for a breakthrough with the rising popularity of customized trips where clients can choose the specifics of their travel . The number of users of “group-tailored travel service” by South Korea’s major travel agency Hana [...]

Shopping Mall Engages Enthusiasts for Future Marketing

Shopping Mall Engages Enthusiasts for Future Marketing

SEOUL, Nov. 18 (Korea Bizwire) — A retail company is engaging with so-called ‘manias’ as part of its marketing strategy, as they are rising as new major consumers capable of offering useful advice for product development. Homeplus Co., a South Korean hypermarket chain operator, plans to hold a ‘Club Week’ until November 27, during which [...]

SK Group Hires More Permanent Employees, Ranks First in Average Salary

SK Group Hires More Permanent Employees, Ranks First in Average Salary

SEOUL, Nov. 18 (Korea Bizwire) — Among South Korea’s major conglomerates, SK Group has increased its number of regular workers by the most in the past year compared to the group’s size. According to an analysis of third quarter reports by industry tracker Infobigs on listed companies affiliated with the country’s 34 conglomerates, SK Group’s [...]

Brokerages See Investment Banking Overtake Commission Fees as Main Profit Driver

Brokerages See Investment Banking Overtake Commission Fees as Main Profit Driver

SEOUL, Nov. 18 (Korea Bizwire) — Big brokerages in South Korea saw their investment banking unit report solid profits in the first nine months of this year, overtaking commission fees as their main profit driver, data showed Monday. Mirae Asset Daewoo Co., the nation’s largest brokerage, reported an operating profit of 249.8 billion won (US$214.6 [...]

Naver’s Japanese Affiliate Line, Yahoo Japan Merge to Battle with Global AI Behemoths

Naver’s Japanese Affiliate Line, Yahoo Japan Merge to Battle with Global AI Behemoths

SEOUL/TOKYO, Nov. 18 (Korea Bizwire) – Japanese messaging app provider Line Corp., controlled by South Korea’s No. 1 internet portal, Naver Corp., and internet portal Yahoo Japan Corp. said Monday that they have reached a basic merger deal, in a move to form a leading artificial intelligence (AI) company to compete with global behemoths. Under [...]