SEOUL, Nov. 10 (Korea Bizwire) – An anti-corruption law may be showing its desired extra effect of creating more time for family and home cooking if sales record at a leading retailer is any indication. October sales figures from E-mart released on Thursday showed an 11.5 percent increase for the month to 1.14 trillion won [...]
SEOUL, Nov. 8 (Korea Bizwire) – Refrigerators manufactured by LG Electronics Inc. have been recently chosen as the best products by two separate consumer reviews in Britain and Spain, according to the company Tuesday. Citing a product review by OCU, a Spanish nonprofit consumer rights organization, LG said its two-door refrigerator with the model name [...]
SEOUL, Nov. 7 (Korea Bizwire) – South Korea’s retail and tourism industries are seeking ways to embrace a growing number of independent travelers from China with customized services as Beijing is set to tighten regulations on cheap package tours, industry officials said Monday. Duty-free operators and department stores have stepped up customized marketing targeted at [...]
SEOUL, Nov. 7 (Korea Bizwire) – Samsung Electronics Co., is seeking to adopt a voice-based digital assistant for its next flagship device, the Galaxy S8, an executive said, as the world’s largest manufacturer of smartphones is struggling to recover and woo back customers following the Galaxy Note 7 debacle. “The Galaxy S8 will be our [...]
SEOUL, Nov. 2 (Korea Bizwire) – South Korea’s online sales of goods abroad have more than doubled over the past year, official data showed Wednesday. The amount came to 550.2 billion won (US$480 million) in the third quarter of 2016, up 105.4 percent from a year earlier, according to the Statistics Korea. The sharp growth [...]
SEOUL, Nov. 2 (Korea Bizwire) – Sales of large screen TVs have increased over the past two years, apparently from a price drop that made them affordable to a bigger consumer base, industry data showed Wednesday. According to leading retailer E-mart, the proportion of 60-inch or larger flat TVs sold among total TV sales this [...]
SEOUL, Oct. 31 (Korea Bizwire) – A recent study from the Seoul Institute indicated that although the city’s consumer sentiment improved slightly in the third quarter, the market’s expectations for economic recovery were further downgraded. In its report 2016 Q3 Seoul Public Economy Consumer Sentiment Diagnosis (issued October 30), the city’s consumer sentiment index (CSI) [...]
SEOUL, Oct. 28 (Korea Bizwire) – German appliance maker Miele said Friday its steam washing machines do not infringe patents issued by LG Electronics Inc., refuting the infringement claim by the South Korean electronics maker. The response by Miele came about a week after LG demanded Miele stop using the technology it created for steam [...]
SEOUL, Oct. 28 (Korea Bizwire) – Korean high-end bag maker Hormiga is under fire for false marketing, promoting one of its ostrich leather handbags as if it had been worn by President Park Geun-hye, with an astronomical price tag of $14,000. The company introduced the bag on its homepage with the description the handbag that [...]
SEOUL, Oct. 27 (Korea Bizwire) – LG Electronics Inc. said Thursday its third-quarter operating profit fell 3.7 percent from a year earlier, hit by sluggish sales in its money-losing smartphone business. LG said in a regulatory filing that the operating profit for the July-September quarter stood at 283.2 billion won (US$250.9 million), compared with a [...]