SEOUL, Nov. 17 (Korea Bizwire) — A number of events are scheduled in celebration of the popular Disney character Mickey Mouse’s 89th birthday this Saturday. To celebrate the anniversary, companies from different sectors are launching a wave of promotions, with the Walt Disney Company Korea taking the lead by setting up a photo op area [...]
SEOUL, Nov. 17 (Korea Bizwire) — Lee Tae-kyung, a 37-year-old office worker who has been smoking for 15 years, recently switched to an e-cigarette that heats tobacco without burning. “This is said to be less harmful than traditional cigarettes,” Lee said, as he took a puff on his pen-shaped contraption at a designated smoking zone [...]
SEOUL, November 16 (Korea Bizwire) – A new report has revealed that Myeongdong is the 8th most expensive place for commercial rents in the world, following the likes of Fifth Avenue in New York and Causeway Bay in Hong Kong. Global property consulting firm Cushman & Wakefield named Myeongdong, one of the biggest shopping districts in [...]
SEOUL, Nov. 16 (Korea Bizwire) — South Korea’s trade commission said Thursday it will call on the government to levy anti-dumping duties on coated printing paper from Japan, China and Finland to protect the local industry from being hurt by cheap imports. The Korean Trade Commission (KTC) under the trade ministry launched the anti-dumping investigation [...]
SEOUL, Nov. 15 (Korea Bizwire) – KT&G has exhausted its 10,000-unit supply of its HNB e-cigarette “Lil” within two days, according to the South Korean tobacco firm. Sold at GS25 convenience stores throughout the Seoul area, the pre-orders began on November 13 and ended around 5 p.m. the following day. Buyers can pick up their [...]
SEOUL, Nov. 14 (Korea Bizwire) – HNB (heat-not-burn) E-cigarette IQOS is much safer for smokers than a traditional cigarette, says Philip Morris International, and the company has the words of a medical expert to back up its assertion. On November 14 at the Four Seasons Hotel in Seoul, Philip Morris Korea hosted a round table [...]
SEOUL, Nov. 14 (Korea Bizwire) – South Korean companies had a lucrative Chinese Singles’ Day season, with hot water bottles, baby products and cosmetic facial masks among the most popular items. Lock & Lock racked up a total of 5.8 billion won in sales on China’s Singles’ Day, up 12 percent from last year. Sales [...]
SEOUL, Nov. 14 (Korea Bizwire) – South Koreans’ satisfaction with their consumer life rose compared to two years ago on the back of improvements in key sectors such as food and clothing, a poll showed Tuesday. The index gauging consumer satisfaction rose 12.8 points from 63.8 in 2015 to 76.6 this year, according to the [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korean companies enjoyed increased sales during Chinese Singles’ Day over the weekend, signaling the end of China’s year-long THAAD retaliation. Sales at major duty-free stores including Lotte and Shilla increased by up to 30 percent among Chinese customers, while sales at online shopping giants Gmarket and Global Hmall nearly [...]
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, [...]