SEOUL, Dec. 13 (Korea Bizwire) — An increasing number of happiness-related terms and items are being produced with the social atmosphere in South Korea evolving to emphasize the small and simple joys in life as well as work-life balance. According to the Korean Intellectual Property Office (KIPO) on December 12, ‘happiness’ brands inspired by ‘YOLO’ [...]
SEOUL, Dec. 12 (Korea Bizwire) — The price competitiveness of domestic consumer goods enterprises is rapidly falling, and is on the verge of being surpassed by companies in developed countries. This assessment is the result of a survey conducted by the Korea Federation of Small and Medium Enterprises (KBIZ). According to a report released by [...]
SEOUL, Dec. 10 (Korea Bizwire) — South Korea will hold the 2019 Korea Grand Sale, an annual sales event to woo foreigners, early next year, the Visit Korea Committee (VKC) said Monday. During the upcoming discount event, which will take place from Jan. 17 to Feb. 28, local businesses will offer steep discounts and a [...]
SEOUL, Dec. 10 (Korea Bizwire) — Makers of e-cigarettes are employing an active marketing strategy, reaching out directly to consumers, industry officials said Monday. KT&G, Philip Morris Korea and British American Tobacco (BAT) Korea have all set up departments to exclusively promote sales of their e-cigarettes and are increasing the number of their street stores. [...]
SEOUL, Dec. 9 (Korea Bizwire) — Daijin Bed Co., a South Korean mattress maker, has refused to accept the local consumer agency’s call for it to compensate victims of products that contained a harmful radioactive substance, officials of the agency said Sunday. Late last month, the company told the Korea Consumer Agency (KCA) that it [...]
SEOUL, Dec. 7 (Korea Bizwire) — E-Mart Inc. outlets’ parking lots will be renovated into multipurpose facilities that will provide charging stations for electric vehicles as well space to accommodate car-sharing vehicles. E-Mart, in collaboration with Straffic, South Korea’s leading company in traffic management systems, will open Electro Hyper Charger Stations at six of its [...]
SEOUL, Dec. 6 (Korea Bizwire) — South Korean retailer Shinsegae International Inc. is aiming to promote South Korean designer brands. The company announced on Wednesday that it had launched ‘Select Shop’, an online store that specializes in South Korean designer brands, on its S.I.Village online shopping portal. Select Shop accommodates a total of 30 South [...]
SEOUL, Dec. 4 (Korea Bizwire) — More than 60,000 member stores of popular franchises across South Korea will be participating in the new government-led Zero Pay program. The Seoul Metropolitan Government, Ministry of SMEs and Startups, Busan Metropolitan Government, and South Gyeongsang Provincial Office signed an agreement with 26 franchises on Monday to implement the [...]
SEJONG, Dec. 4 (Korea Bizwire) — South Korean convenience store operators agreed Tuesday not to engage in cut-throat competition in the latest move to better protect struggling franchisees. A key centerpiece of the voluntary deal calls for CU, GS25 and Seven-Eleven and three other convenience store brands to decide “carefully” over whether to open a [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korean fashion company Handsome said Wednesday it will release the country’s first clothes designed with artificial intelligence technology. Handsome, an affiliate of Hyundai Department Store Group, said it joined forces with Designovel to create new patterns for clothes released under the SJYP brand. Designovel is a startup specializing [...]