SEOUL, Jan. 17 (Korea Bizwire) — Apple Korea said Wednesday it will open its first full-fledged retail shop in South Korea this month to help customers buy, repair and experience iPhones and other Apple products. The first shop in South Korea will open on Garosugil in the affluent southern district of Gangnam in Seoul on [...]
SEOUL, Jan. 16 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipbuilder, said Tuesday it has been holding negotiations with Romania over the sale of the European country’s largest shipyard. Romania’s state-owned company 2 Mai S.A. Mangalia shipyard informed Daewoo Shipbuilding on Jan. 5 of its intention to exercise its [...]
LOS ANGELES, Jan. 15 (Korea Bizwire) – On the outskirts of Los Angeles sits a white, rather nondescript building that is Samsung Electronics’ Audio Lab, an R&D center dedicated to fine-tuning the South Korean tech giant’s speakers into the world’s best. Though on January 12, there were a mere 23 employees found working in the [...]
SEOUL, Jan. 10 (Korea Bizwire) – Sales of Lotto tickets reached the second highest number ever in 2017, the country’s lottery operator said Wednesday, amid growth in the number of sales outlets. Total sales are projected at 3.79 trillion won (US$3.4 billion) for last year, the Korea Lottery Commission said. The number is one of the largest tallied since the country started selling Lotto tickets in 2002. Sales peaked in 2003 when it [...]
SEOUL, Jan. 10 (Korea Bizwire) – The upper middle-aged crowd in their 50s and 60s are figuring out this online shopping thing, and in the process, are recording massive boosts in spending on the internet. According to the results of an analysis of shopping patterns exhibited by clientele aged 50 and above, e-commerce website Wemakeprice [...]
SEOUL, Jan. 10 (Korea Bizwire) — The South Korean government will assist local cosmetics makers in expanding their presence in the Association of Southeast Asian Nations (ASEAN) market, the government said Wednesday. The Ministry of Food and Drug Safety will expand education programs for local manufacturers, covering topics such as customs procedures and product registration, [...]
SEOUL, Jan. 10 (Korea Bizwire) — Makeup testers at beauty stores across South Korea have been found ridden with germs, a new study has shown. The Korea Consumer Agency discovered that nearly 3 in 10 makeup testers are covered in germs after looking into a number of beauty shops in busy areas of Seoul, with [...]
SEOUL, Jan. 8 (Korea Bizwire) – Drugmaker Celltrion Inc.’s stock has made significant gains in recent days, surpassing Hyundai Motor Co. in terms of market value, data showed Monday. Celltrion shares jumped 55.12 percent over the past 7 trading sessions to 302,500 won (US$283.29) on Monday closing, pushing the company’s capitalization to a record 37.1 trillion won. Hyundai Motor’s market capitalization stood at 33.2 trillion won as of Monday closing. Celltrion’s [...]
SEOUL, Jan. 5 (Korea Bizwire) — Sales of beauty products for children rose last year, industry data showed Friday, as a growing number of girls are starting to wear makeup at an early age. The data provided by SK Planet Co., the operator of local e-commerce platform 11st, showed that sales of such products on [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korean food processing firms are striving to develop microwavable packing containers for frozen and instant foods amid the growing popularity of home meal replacement (HMR) products, industry sources said Thursday. The size of the local packaging industry stood at 44.2 trillion won (US$41.4 billion) in 2015 while the [...]