SEOUL, July 5 (Korea Bizwire) – LG Electronics Inc. has unveiled two new X series budget smartphones – the X Power and X5. The company first unveiled its X series budget smartphones – the X Cam and X Screen – at the Mobile World Congress in Barcelona. The X5 is equipped with 13-megapixel rear and [...]
SEOUL, July 4 (Korea Bizwire) – Wedding ceremonies are considered to be some of the biggest family events for Koreans. In fact, weddings are so important that a recent study conducted by wedding consulting firm Duo Wed showed that an average of 82,460,000 won ($72,000) is spent for a wedding ceremony in Korea. But there [...]
SEOUL, July 4 (Korea Bizwire) – South Korea’s apparel firm Kolon Fashion Material Co. said Monday that it will provide “mosquito-free” uniforms to the country’s athletes participating in the Rio de Janeiro Summer Olympics. The so-called “MOS-LOCK” will be made out of fabric that is equipped with repellent that keeps mosquitoes carrying the Zika virus [...]
SEOUL, July 4 (Korea Bizwire) – K-pop, K-drama, K-beauty, K-fashion…the list goes on. But the latest K-trend that is showing significant growth is ‘K-jewelry’. According to Lotte Duty Free on July 3, Q2 sales of domestic jewelry brands at its duty free stores across Korea increased by 80 percent compared to Q2 2015. It’s a [...]
SEOUL, July 1 (Korea Bizwire) – ‘Kidult’ is a newly-coined term that combines ‘kid’ and ‘adult’, used to refer to adults that pursue memories of their childhood, and the kidult market has established itself as a niche culture in Korea in recent years. A recent auction event for collectible toys organized by Seoul Auction was [...]
SARASOTA, Florida, June 29 (Korea Bizwire) – “I completely agree that shopping malls are now in competition with theme parks. We’re seeing this change in the United States, and I’m sure it applies to South Korea as well.” Robert Taubman, president and CEO of Taubman Centers, a regional shopping mall management company based in the United [...]
SEOUL, June 29 (Korea Bizwire) – Lotte Duty Free, South Korea’s largest duty-free operator, said Wednesday it has expanded its main branch in downtown Seoul, as part of efforts to make up for a sales shortfall from its other outlet in downtown Seoul which closed upon its license expiration. The main branch in Lotte Department [...]
SEOUL, June 27 (Korea Bizwire) – Chinese consumers, particularly women in their twenties and thirties who make direct online purchases, tend to prefer authentic products manufactured abroad. The Korea Trade-Investment Promotion Agency (KOTRA) released a report entitled “China’s International E-Commerce Trends and Our Market Expansion Strategy” on Sunday, June 26. China’s e-commerce market is growing rapidly, [...]
SEOUL, June 24 (Korea Bizwire) – South Korean fashion giant Sungjoo Corp., which owns and runs German luxury bag brand MCM, on Friday said it will adopt the latest technology to create an innovative fashion code and lead the new luxury trend. “We will combine technology and fashion to create the new framework in the luxury market,” [...]
SEOUL, June 24 (Korea Bizwire) – Samsung Electronics Co.’s newest wearable fitness tracker went on sale in South Korea on Friday, featuring multiple functions like a “personal trainer.” The Gear Fit 2 got off to a smooth start, drawing largely positive feedback from consumers and media. The sporty and stylish wrist band has an embedded [...]