SEOUL, Sept. 18 (Korea Bizwire) — The price of Samsung Electronics Co.’s Galaxy S8 without a mobile carrier contract in South Korea hovers far above that of the United States, a local consumer group said Tuesday. According to Green Consumer Network in Korea, the local sales price of the unlocked Galaxy S8 released earlier this [...]
SEOUL, Sept. 19 (Korea Bizwire) – The South Korean government has warned one of the country’s major mobile networks over its alleged subsidies to boost sales of Samsung’s latest smartphone, the Galaxy Note 8, a marketing practice prohibited under current legislation. According to the Korea Communications Commission on Monday, the government branch which controls mobile phone [...]
SEOUL, Sept. 19 (Korea Bizwire) – There are no losers, only winners, in the first round of the AI speaker confrontation between Kakao and Naver, as pre-sales of each tech company’s flagship product were effectively over minutes after they began. Pre-sales of the Kakao Mini started on September 18 and lasted only 38 minutes. The [...]
SEOUL, Sept. 19 (Korea Bizwire) – Lotte Group’s decision to cut its losses on its Lotte Mart business in China is reportedly drawing interest from five to 10 potential buyers, according to sources in the investment banking industry. Speaking on conditions of anonymity, one source said, “The names of the firms involved in negotiations cannot [...]
SEOUL, Sept. 18 (Korea Bizwire) — The operator of Incheon International Airport is likely to snub calls from Lotte Duty Free, the country’s top duty-free operator, to adjust its rental fees, industry sources said Monday, amid the ongoing diplomatic row between Seoul and Beijing over the deployment of a U.S. missile system here. Last week, [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s tourism industry has been hit hard by a diplomatic row with China over the deployment of a U.S. missile shield here that has sent the number of Chinese visitors tumbling, a report said Friday. In mid-March, China banned the sale of group tours to Seoul in retaliation [...]
SEOUL, Sept. 16 (Korea Bizwire) – A group of uniform clad firefighters were present at 8 a.m. at SK Telecom’s main office building in Seoul on September 15. Decked out in their representative orange, the eight members of the Jungbu Fire Station were on site to receive special prizes and gifts as “winners” of an [...]
SEOUL, Sept. 15 (Korea Bizwire) – Lotte Group’s decision to pull its supermarket chain out of China after months of politically motivated retaliation from the Chinese government is triggering fears it could cause a domino effect among South Korean companies. After being subject to incessant retaliation – including raids by safety authorities from the Chinese government [...]
BEIJING/SEOUL, Sept. 14 (Korea Bizwire) – Lotte Group has begun work to sell its discount store chain in China, company officials and an industry source said Thursday, as China steps up its retaliation against the South Korean retail giant due to its support for an advanced U.S. missile defense system. According to the sources, Lotte [...]
SEOUL, Sept. 14 (Korea Bizwire) – A collective of convenience store owners will file a class action lawsuit against the government to demand the repayment of five years’ worth of credit card fees on cigarettes and plastic bag sales. The collective’s leader, Kye Sang Hyuk, shared with media outlets on September 14 that preliminary discussions [...]