SEOUL, Sept. 7 (Korea Bizwire) — The unease over the possibility of hazardous substances being contained in the adhesives of sanitary pads has prompted experts to speak out on the difficulty of ascertaining the toxicity of such substances. One chemistry professor, who spoke on the condition of anonymity, pointed out that at the core, all [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korean consumers prefer to buy new cosmetics products at offline stores, while bestselling products are most often sold online, a new market report has revealed. According to a Wednesday statement by CJ OliveNetworks, which runs the country’s major cosmetics store chain Olive Young, new products within three months [...]
SEOUL, Sept. 6 (Korea Bizwire) – The government’s intention to reduce the maximum limit of weekly working hours from 68 to 52 has caused Samsung Electronics’ senior management to try a 52-hour work week test run. According to rumblings from within the electronics industry, departmental heads received memos advising them to “encourage staff to reduce [...]
SEOUL, Sept. 6 (Korea Bizwire) — CJ E&M said Wednesday it will build a complex in Goyang, just northwest of Seoul, by the end of 2020 to promote South Korea’s cultural content, better known as hallyu. South Korea’s leading entertainment content and media company said it will invest 1.4 trillion won (US$1.2 billion) in the [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korean cosmetics companies are ramping up their efforts to crack down on the illegal resale of their products sold at duty free shops in a bid to stop further damage to their brand image. AmorePacific, one of the major cosmetics companies in the country, announced on Monday it has [...]
SEOUL, Sept. 5 (Korea Bizwire) — A report released by the Korea Customs Service on September 4 revealed that 8,607 of 9,853 counterfeit goods seized were made in China. The yearly report on the black market for counterfeit goods stated that the total number of counterfeit goods seized by the agency declined by 3 percent [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Koreans’ awareness of mobile payment services ranks high among major advanced and emerging countries, a poll showed Tuesday, as many tech-savvy consumers turn to their smartphones for settlements. According to the survey of 18,180 consumers in 23 countries by global opinion research firm Ipsos, 64 percent of South [...]
SEOUL, Sept. 4 (Korea Bizwire) — Lotte Duty Free, South Korea’s top duty-free operator, is considering withdrawing from Incheon International Airport, a company source said Monday, as the local duty-free industry is struggling to cope with the impact of a diplomatic row between Seoul and Beijing over the deployment of a U.S. missile defense system [...]
SEOUL, Sept. 1 (Korea Bizwire) — An increasing number of South Korean companies are using virtual reality in their marketing campaigns as the latest technology that allows people to thoroughly experience products online before purchasing has proven to improve customer satisfaction. VR technology has been increasingly popular in the mobile and desktop online shopping industry in [...]
SEOUL, Aug. 31 (Korea Bizwire) – Lotte Shopping Co., the retail unit of Lotte Group, said Thursday its plan to hive off the cinema department into a separate company has been postponed due to a court decision. In June, the company’s board members approved the plan to spin off its cinema business as a subsidiary [...]