SEOUL, Oct. 31 (Korea Bizwire) — Lotte Duty Free, South Korea’s top duty-free operator, said Tuesday it will officially open a new outlet at a Vietnamese airport, making a foray into the Southeast Asian market. The outlet at Da Nang International Airport will begin full-fledged operations Wednesday, it said. In June, Lotte clinched a joint [...]
SEOUL, Oct. 30 (Korea Bizwire) — Samsung Electronics Co. remained as the leading player in the U.S. home appliances market in the July-September period, ranking No. 1 for the sixth consecutive quarter. Citing the data compiled by industry tracker Traqline, Samsung Electronics said it accounted for 19.3 percent of the U.S. market in the third [...]
SEOUL, Oct. 27 (Korea Bizwire) – Sharing tips on getting one’s face done is increasingly becoming an indelible part of the social media sphere, with recent findings revealing that mentions of the tagline “Daily Makeup” have surged more than twentyfold in the last three years. Thanks to the borderless internet, the world has never been [...]
SEOUL, Oct. 26 (Korea Bizwire) — LG Electronics Inc. said Thursday it swung into the black in the third quarter from a year earlier, helped by strong sales of home appliances, although it continued to lose money in the handset business. Net profit came to 336 billion won (US$298 million) in the July-September period, compared [...]
SEOUL, Oct. 26 (Korea Bizwire) – Sales of women’s products via home shopping soared post-Chuseok (October 10 through 15) according to industry insiders. In particular, high-end articles of clothing, luxury brand items and jewelry proved to be popular. CJ O Shopping revealed that its broadcast on October 10 of the ‘Vera Wang Air Cashmere 100% [...]
SEOUL, Oct. 26 (Korea Bizwire) – GS25, a convenience store chain run by GS Retail, said Thursday it was named the winner of a regional award for marketing, making it the first recipient of the prize by a South Korean company. The retailer is due to receive the Asia-Pacific Retailers Association award in the best [...]
SEOUL, Oct. 25 (Korea Bizwire) – The president of the Society of Cosmetic Scientists of Korea, Kang Hak-hee, has said the South Korean cosmetics industry is being urged to follow up the global success of BB cream air cushion foundation with new hit products, in comments made during a cosmetics conference held on Tuesday. Kang, who [...]
SEOUL, Oct. 25 (Korea Bizwire) — LG Display Co. said Wednesday the company will continue to invest in organic light-emitting diode (OLED) products, saying the latest criticism made by rivals over the so-called screen burn-in, or image retention in the panels, came with “intentions.” “Intentional noise has been made (over the OLED displays’ burn-in),” LG [...]
SEOUL, Oct. 25 (Korea Bizwire) — The South Korean government on Wednesday used a drone to deliver packages in the administrative city of Sejong to test its safety and performance in a busy urban environment. The Ministry of Trade, Industry and Energy said it used a trial drone to deliver a package from a post [...]
SEOUL, Oct. 25 (Korea Bizwire) — E-Mart Inc., South Korea’s largest discount chain operator, said Wednesday it will open another store inside a traditional market in Seoul later this year, as it attempts to meet growing calls for a mutual growth with mom-and-pop shops. E-Mart’s No Brand, a chain dedicated to selling its private-label products [...]