SEOUL, July 19 (Korea Bizwire) — Many companies within the home appliances industry are expanding their product lines to include more kitchen appliances, as family activities and lifestyle patterns have evolved to take place more in the kitchen rather than in the living room. According to an industry official, the kitchen has transformed to become [...]
SEOUL, July 15 (Korea Bizwire) – Galleria Duty Free 63 officially opened on Friday, and it’s offering more than just duty free products. The new duty free store, located in Seoul’s iconic 63 Building, is operated by Hanwha Galleria, a subsidiary of Hanwha Group. Since its ‘Free Opening’ in December 2015, the store has recorded [...]
SEOUL, July 15 (Korea Bizwire) – The fact that large corporations still abuse their market power to bully smaller enterprises would hardly come as a surprise to most Koreans. Just two months ago, Korea’s leading hypermarket franchises, Homeplus, E-mart and Lotte Mart, were fined 22 billion, 1 billion, and 850 million won, respectively, for ‘unfair [...]
SEOUL, July 15 (Korea Bizwire) – Pokémon Go has not been officially launched in Korea, but thanks to a GPS glitch Pokémon fans from across the country are flocking to Gangwon Province’s coastal city of Sokcho. With the city’s tourist population surging, convenience stores are reporting record sales. According to CU, a convenience store franchise, [...]
SEOUL, July 14 (Korea Bizwire) – Buying consumer products is not like buying a house. The moment you make a purchase the product’s value deteriorates, which is why rental services may be the next big consumption trend. Rental or lease services for high-cost goods such as laptops and automobiles have already become prevalent. For the [...]
SEOUL, July 14 (Korea Bizwire) – South Korean discount retailer E-mart said Thursday that it will open its first store in Mongolia later this month as part of efforts to expand presence overseas. The new branch will be opened in central Ulaanbaatar on July 28 and be the country’s first large discount chain that will [...]
SEOUL, July 13 (Korea Bizwire) – South Korean tech giant Samsung Electronics Co. said Wednesday that it will showcase its new high-end smartphone model, the Galaxy Note 7, in the United States next month. The showcase event will take place on Aug. 2 in New York and will be streamed live on the tech firm’s [...]
SEOUL, July 12 (Korea Bizwire) – After years of downturn, the Korean art market is prospering once again. According to the Asian Art Market 2015 report, last year’s total bids at seven domestic art work auctioneers totaled 189.23 billion won ($165 million). Revenue was close to 2007’s 192.66 billion, which was the most prosperous year [...]
SEJONG, July 11 (Korea Bizwire) – While the popularity of direct buying is taking a step back, the market is seeing some changes in the products being sought by consumers, as well as the countries they’re ordering from. According to the Korea Customs Service (KCS), 8.15 million direct purchases were made during the first half of [...]
SANCHEONG, July 8 (Korea Bizwire) – Jirisan National Park is Korea’s largest terrestrial national park, surrounding the 1915m-high Jiri Mountain (second tallest in South Korea) and covering some 471 square kilometers. And it looks like Koreans will be able to purchase its clean, fresh air from supermarkets in the near future. Sancheong County, South Gyeongsang Province, which [...]