SEOUL, Dec. 5 (Korea Bizwire) – No longer does the word “subscription” belong only to the magazine and newspaper industries, as the subscription-based business model is increasingly being employed by a wide range of enterprises in clothing, foods and even flower deliveries. The core tenet of being a subscriber of a wine delivery service is [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea’s smoking rate will likely drop this year, as sales of cigarettes have fallen due to a big increase in the price of tobacco in 2015, an official source said Tuesday. Citing the need to discourage smoking, the government increased taxes on cigarettes by 2,000 won (US$1.70) per [...]
SEOUL, Dec. 4 (Korea Bizwire) – Novels were a popular selection among readers this year, while interest in politics and feminism were reflected in book sales as well. On bestseller lists from both Kyobo Book Centre (Kyobo) and Yes24 disclosed on December 4, the top three spots were taken by books that had been so-called [...]
SEOUL, Dec. 3 (Korea Bizwire) — South Korea’s logistics firm CJ Logistics Corp. said Sunday it plans to tap deeper into the Indian market through CJ Darcl acquired earlier this year. The logistics unit of South Korean food and entertainment conglomerate CJ Group signed a deal to buy a 50 percent stake in Indian firm [...]
SEOUL, Dec. 3 (Korea Bizwire) — China’s economic retaliation against South Korea is estimated to have led to some 7.5 trillion won (US$6.8 billion) in losses for the country’s tourism industry, data showed Sunday. According to the data compiled by the National Assembly’s Budget Office, South Korea’s tourism and accommodation industries suffered a sharp decrease [...]
SEOUL, Dec. 1 (Korea Bizwire) – South Korean drug manufacturers are producing generic versions of Tamiflu in powered form for babies, children and the elderly — groups who have difficulty with capsules — industry sources said Friday. About 100 South Korean drugs companies are producing generic versions of Tamiflu to ease the shortage in supply [...]
SEOUL, Dec. 1 (Korea Bizwire) – The market for over-the-counter drugs sold at convenience stores reached 28.5 billion won last year, with painkiller Tylenol being the most popular item. According to distribution statistics released by the Health Insurance Review & Assessment Service on Thursday, over 9.8 billion won worth of the caplet type of 500 [...]
SEOUL, Dec. 1 (Korea Bizwire) — Just past noon on a recent Monday, a 30-something woman entered a small brick-and-mortar shop in the heart of Seoul, the kind of commonly seen convenience store in South Korea that sells a little bit of everything. Except, it was locked until the shopper tagged her credit card on [...]
SEOUL, Nov. 30 (Yonhap) — South Korea’s three leading department store operators will not open new branches in the next two years as local consumers increasingly opt for online shopping, industry sources said Thursday. Lotte, Hyundai and Shinsegae, which account for 80 percent of the department store market in South Korea, have no plans to [...]
SEOUL, Nov. 28 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it started the global launch of the application SeeColors, which will provide people with vision deficiencies with relatively accurate color renditions. The South Korean tech giant released the service in Hungary, Romania and Bulgaria earlier this year, while the global release started Monday. The [...]