SEOUL, Aug. 24 (Korea Bizwire) – In the face of Korea’s fast growing kidult (kid + adult) market, KOTRA (Korea Trade-Investment Promotion Agency) is hosting a special exhibition from August 24 to September 14 entitled ‘Call! Bravo Life Exhibit’ at its headquarters in Seocho. The exhibition features the works of 20 small and medium-sized enterprises [...]
SEOUL, Aug. 24 (Korea Bizwire) – This year’s Korean Thanksgiving Day, or Chuseok, falls on September 15, inspiring weary Koreans with a long weekend holiday to look forward to from September 14 to September 18. As one of the two major traditional holidays in Korea, with the other being Lunar New Year, the rush for bus [...]
SEOUL, Aug. 23 (Korea Bizwire) – Sales at South Korea’s duty-free stores reached an all-time high in July thanks to a rising influx of Chinese travelers and last year’s low base in the wake of the Middle East Respiratory Syndrome (MERS) outbreak, data showed Tuesday. Sales at duty-free stores nationwide reached US$954 million last month, [...]
DAEJEON, Aug. 23 (Korea Bizwire) – Watching a grown man or woman playing with toys still isn’t a common sight, but if recent trends continue, it might soon well be. The so-called ‘kidult’ (kid + adult) market is rapidly expanding in Korea. With a current value of 700 billion won ($610 million), the market is [...]
SEOUL, Aug. 19 (Korea Bizwire) – The Ministry of Science, ICT and Future Planning announced Friday that it is currently in talks with IT and telecommunications companies to implement a ‘reject’ feature for mobile gift cards. The use of mobile gift cards and and coupons has grown prevalent in the past year or so due [...]
SEJONG, Aug. 19 (Korea Bizwire) – An online pop-up store featuring leading South Korean fashion brands has been opened on the largest online fashion-focused portal in Southeast Asia to help Korean design houses enter the Southeast Asian market, industry officials said Friday. The “Premium Korean Fashion” pop-up shop was launched in Singapore the previous day [...]
SEOUL, Aug. 19 (Korea Bizwire) – A group of local consumers was to file a 2.8 billion won (US$2.53 million) class action suit Friday against Coway, South Korea’s leading water purifier maker, over its water purifier models coated with nickel that they claim taints the water and poses a health hazard. Nickel from the inner [...]
SEOUL, Aug. 16 (Korea Bizwire) – Hiking is one of the most popular leisure activities in Korea, primarily among older men and women, with almost 50 percent of those in their 50s and above visiting a mountain at least once a month (2015). Yet, the number of young Koreans following in their elders’ footsteps has [...]
SEOUL, Aug. 16 (Korea Bizwire) – Samsung Electronics Co., a South Korean tech giant, said Tuesday it has joined an international blood donation campaign to encourage more people to give blood for those in desperate need. The Red Cross’s International Missing Type (IMT) initiative encourages popular brands and organizations to remove A, B and O [...]
SEOUL, Aug. 16 (Korea Bizwire) – South Korean tech giant Samsung Electronics Co. on Tuesday said it will showcase its new high-end smartwatch, the Gear S3, in Germany later this month. The showcase event will take place on Aug. 31 in Berlin, just ahead of the Internal Funkausstellung (IFA) tech fair, and will be streamed [...]