SEOUL, March 29 (Korea Bizwire) – IBM’s Watson artificial intelligence (AI) system has selected globally ‘hot’ products, with the world’s interest in AI increasing following the epic Go match between Google Deep Mind’s AlphaGo and professional Go player Lee Se-dol. Previously, there have been many cases in which consumer reports, journals or market assessment bodies selected products [...]
SEOUL, March 28 (Korea Bizwire) – The sales of items for self-protection are going through the roof due to concerns about personal safety. As daily news is flooded with reports of murder, rape, stalking, hidden cameras and even hostage-taking situations, more women are purchasing products to help protect themselves. According to the online shopping site [...]
SEOUL, March 28 (Korea Bizwire) – LG Electronics Inc. said Monday it will start sales of its high-end “LG Signature” home appliances series that covers products ranging from TVs to refrigerators, in its latest bid to beef up profitability. The South Korean company said Signature is its first brand of extra-premium goods. The products, set to [...]
SEOUL, March 25 (Korea Bizwire) – AmorePacific, South Korea’s top cosmetics maker, said Friday it will open a new flagship store for its luxury oriental brand Sulwhasoo next week to offer customers a hands-on experience and boost its brand image. The four-story building (with a basement) in the affluent Gangnam district is the nation’s largest flagship [...]
SEOUL, March 25 (Korea Bizwire) – HDC Shilla Duty Free, a joint venture between Hotel Shilla and Hyundai Development, officially opened its new duty-free store in central Seoul on Friday, featuring 200 more brands four months after its pre-opening. The new outlet spanning 16,500 square meters is located in the Hyundai I’Park Mall in Yongsan, the railway [...]
SEOUL, March 24 (Korea Bizwire) – The ‘K-beauty’ market is expanding its sphere of influence beyond Asia, and reaching out to other global markets. According to Aju News, a Korean newspaper, Korean cosmetics brands are exploring new markets worldwide. As the global interest in K-pop and K-dramas is rising, women all over the world are now looking [...]
SEOUL, March 23 (Korea Bizwire) – After cigarette prices were raised in 2015, consumers are now purchasing tobacco products directly from foreign countries. According to data from the Ministry of Government Administration and Home Affairs, 21,869 parcels containing cigarettes were imposed duties from January to July 2015, which translates to approximately 3,124 parcels per month. The [...]
SEOUL, March 22 (Korea Bizwire) – The number of single-person households in Korea has continued to increase, and now makes up a quarter of the total, exerting great influence on the food and beverage, retail, and service industries. According to recent industry reports, the number of single-person households reached 5.06 million last year (26.5 [...]
SEOUL, March 22 (Yonhap) – South Korean tech giant Samsung Electronics Co. said Tuesday its latest flagship smartphones, the Galaxy S7 series, posted robust sales in Israel just a week after their launch. The Galaxy S7 series officially hit the shelves on March 14, coming out in major markets including South Korea, the United States and Europe. Samsung [...]
SEOUL, March 21 (Korea Bizwire) – South Korean panel giant LG Display Co. has emerged as the No. 1 player in the TV panel market this year, although its output dropped last month, data showed Monday. LG Display sold 3.83 million TV panels in February, more than any other company, but the number was down 8.1 [...]