SEOUL, Sept. 13 (Korea Bizwire) — Exports of South Korean beauty products to Southeast Asian countries soared 31.6 percent last year, amid surging demand for skin care and makeup items, a report showed Wednesday. The outbound shipments of Korean cosmetics products to the 10-member Association of Southeast Asian Nations (ASEAN) reached US$406 million in 2016, [...]
DAEJEON, Sept. 12 (Korea Bizwire) – The Korean Intellectual Property Office’s “Chinese Trademark Brokerages Early Warning Service” is providing a big boost to South Korean companies who have struggled from trademark theft. Since its inception last year, the Korean Intellectual Property Office (KIPO) has requested the State Intellectual Property Office (SIPO) of China to run [...]
SEOUL, Sept. 12 (Korea Bizwire) – Lotte Group founder Shin Kyuk-ho’s eldest son will sell most of his stakes in the South Korean retail giant’s key affiliates as an objection to the group’s latest decision to set up a holding company, his representatives said Tuesday. Shin Dong-joo, the former vice chairman of Tokyo-based Lotte Holdings, [...]
SEOUL, Sept. 12 (Korea Bizwire) — AmorePacific Corp., South Korea’s top cosmetics maker, said Tuesday it has opened a shop for its premium skin care brand at an upscale department store in France, expanding its presence in the European market. The Sulwhasoo store opened in the upscale department store of Galeries Lafayette in Paris on [...]
SEOUL, Sept. 12 (Korea Bizwire) — South Korea’s retailers are wooing solo drinkers with gift packages targeting single households as a growing number of people have opted to live alone in recent years, industry sources said Tuesday. Eating and drinking alone have taken root as a new normal in a society that has seen a [...]
SEOUL, Sept. 11 (Korea Bizwire) – South Korean retail businesses are on a collision course with the government following a series of regulations recently imposed on an already struggling industry amid a long-term national economic slump. Hit by a lack of consumer confidence and sluggish economic growth, the retail industry is decrying new regulations put in [...]
SEOUL, Sept. 8 (Korea Bizwire) — Reckitt Benckiser Group PLC said Thursday it will shut down its plant in South Korea this month as its sales were hit hard by the humidifier sterilizer case that took over 100 lives. Oxy Reckitt Benckiser (or RB Korea), a wholly owned unit of the British consumer giant, will [...]
SEOUL, Sept. 7 (Korea Bizwire) — With the government keeping a wary eye on China’s next move amid the deployment of an additional THAAD missile defense battery, South Korean companies are bracing for further retaliation from the Chinese government. Earlier Thursday, the South Korean defense ministry announced the deployment of an additional four launchers for [...]
SEOUL, Sept. 7 (Korea Bizwire) – SK Telecom announced that it would be hosting a general meeting at its Seoul headquarters on September 7 to present its latest product, the AI-integrated navigation system T Map x NUGU. The pre-NUGU supported T Map had been capable of processing one-word commands, but after being integrated with NUGU, [...]
SEOUL, Sept. 7 (Korea Bizwire) – Samsung Electronics Co. on Thursday kicked off preorders for its new flagship smartphone, the Galaxy Note 8, ahead of the official release slated for later this month. The South Korean giant plans to ship the new phablets to early adopters starting Sept. 15, ahead of the official released slated [...]