SEOUL, June 9 (Korea Bizwire) – Bodyfriend, a Korean wellness and healthcare product manufacturer, plans to launch new products inspired by ideas submitted by students from Korea and overseas. The company revealed Wednesday the results of an international competition for young students and professionals that it co-hosted with iF. iF International Forum Design GmbH is [...]
SEOUL, June 9 (Korea Bizwire) – When stories of young female students from low-income families who couldn’t afford to buy sanitary pads hit the airwaves, Koreans were outraged. Yuhan-Kimberly, Korea’s number-one manufacturer of sanitary pads, cancelled plans to raise its product prices by up to 20 percent (although it did increase the price of one [...]
SEOUL, June 8 (Korea Bizwire) – Despite a prolonged economic downturn and stagnating consumption, the market for corrective and functional underwear has continued its steady growth. Vivien, an underwear brand, analyzed its corrective underwear sales in the January to May period since 2010, and discovered that growth has maintained a steady pace. The company’s 2012 [...]
SEOUL, June 8 (Korea Bizwire) – Amid the rising popularity of camping, camping equipment that is simple, convenient and easy to use is high in demand. According to Gmarket, an online shopping mall, sales of simple and convenient camping equipment increased during the period from May 27 to June 2 compared to the same period [...]
SEOUL, June 7 (Korea Bizwire) – The 2011 toxic humidifier sterilizer controversy presses on. And the public fear of products containing chemicals isn’t likely to die down any time soon. A big data based AI institute, Daumsoft, analyzed over 9.3 billion tweets and 723 million blog posts from January 1, 2011 to June 2, 2016, [...]
SEOUL, June 6 (Korea Bizwire) – According to representatives from the home appliance industry, the market for electric vacuum cleaners is rapidly declining, to the tune of 2 million units annually. But amidst the decline, sales of robot and stick vacuum cleaners are on the rise. Since 2014, cordless vacuums have accounted for half of [...]
SEOUL, June 4 (Korea Bizwire) – Yuhan-Kimberly, in response to the controversy around its plan to increase the price of sanitary pads, will be releasing a lower-priced sanitary pad product for low-income teens and females. The company revealed on June 3 that it will develop and release sanitary pads that maintain the company’s fundamental quality but [...]
SEOUL, June 3 (Korea Bizwire) – Korea’s unyielding economic slump and more frequent corporate restructuring are driving employees to quickly prepare for a hazy future. These employees are referred to as saladents – a portmanteau of the words salaryman and student. According to a retail industry watcher, Hyundai Home Shopping generated 30 billion won in [...]
SEOUL, June 2 (Korea Bizwire) – Once again summer is back, and with it, mosquitos. But amid the ceaseless public fear of products containing chemicals, bug sprays are proving to be no exception. In contrast, non-chemical products such as mosquito nets and herb plants have become popular among shoppers. According to 11ST, an e-commerce platform, [...]
SEOUL, June 1 (Korea Bizwire) – According to the Ministry of Science, ICT and Future Planning, the number of domestic wearable device users from the Big Three telecommunications companies (SKT, KT and LG Uplus) totaled 510,066 in April. The figure, however, is limited to devices that use SIM cards, such as some smartwatches. The number [...]