SEOUL, Nov. 7 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc.’s Ultra-HD (UHD) television sets won top evaluations from a U.S. consumer magazine, industry sources said Tuesday. Based on its research on the resolution, audio and other features of 250 high-end TVs in the market, Consumer Reports named LG Electronics’ Signature OLED TV [...]
Will Ross, CEO of Lazada Crossborder, speaks during a press conference in Seoul on Nov. 7, 2017. (image: Lazada Group) SEOUL, Nov. 7 (Korea Bizwire) — Lazada Group, which runs the largest online shopping platform in Southeast Asia, said Tuesday it is looking for South Korean companies who will sell their products in the growing [...]
SEOUL, Nov. 6 (Korea Bizwire) – Home shopping channels are pondering what course of action to take regarding Hanssem’s products as the furniture company has come under fire for allegations of sexual harassment and rape made by an entry-level female employee. The story entered the national consciousness when the alleged victim, describing herself as an [...]
SEOUL, Nov. 3 (Korea Bizwire) — Lotte Group said Friday it has recently obtained approval from the Chinese authorities for the construction of a commercial complex in Chengdu. The move can be a sign that South Korean companies may be able to engage in normal business operations following months of frosty relations caused by Seoul’s [...]
SEOUL, Nov. 3 (Korea Bizwire) — Local cosmetics companies are taking more aggressive approaches to win over foreign markets, as they gain confidence from easing tensions between South Korea and China, industry officials said Friday. AmorePacific, which suffered a drop in stock prices and exports due to Seoul’s diplomatic row with Beijing, is set on [...]
SEOUL, Nov. 2 (Korea Bizwire) – The combined sales of Samsung Electronics Co.’s Galaxy Note 8 smartphone in South Korea have reached 1 million units, industry data showed Thursday, a little over a month after the device hit local shelves. The South Korean tech giant started official sales of the 6.3-inch phablet on Sept. 21, [...]
SEOUL, Nov. 1 (Korea Bizwire) – Samsung Electronics America and co-working office space provider WeWork have joined hands to open customer service areas à la Apple ‘s Genius Bar, according to an October 30 report from American business magazine Fast Company. Genius Bars are customer service areas within Apple Stores that are staffed with employees [...]
SEOUL, Nov. 1 (Korea Bizwire) – Luxury fashion brand Chanel is raising prices by up to 30 percent in South Korea, despite criticism. It’s the third time this year alone that the French fashion brand has raised prices in the South Korean market, with the cost of a wide range of products expected to rise, including [...]
SEOUL, Nov. 1 (Korea Bizwire) — Lotte Group, a conglomerate whose affiliates sprawl from supermarkets to duty-free stores and construction, is hoping for a big comeback in its China business after suffering major losses resulting from a Seoul-Beijing diplomatic spat, corporate insiders said Wednesday. Seoul and Beijing announced a day earlier that they will make [...]
SEOUL, Oct. 31 (Korea Bizwire) – South Korea’s grand sale festival this year is likely to end without the luster of past years despite its growth in size, due in part to the depressed sales caused by a long holiday and drop in Chinese shoppers, retail industry sources said Tuesday. The Korea Sale Festa began on Sept. 28 for a 34-day run and [...]