SEOUL, March 14 (Korea Bizwire) – Online shopping operators are turning to personalized services as they try to differentiate themselves in the teeming industry, taking care of small errands like shoe polishing to more extensive services that include interior remodeling, industry watchers said Monday. Further blurring the online-offline boundary, these operators are taking broader steps [...]
SEOUL, March 14 (Korea Bizwire) – More than 100,000 units of Samsung Electronics Co.‘s latest Galaxy S7 series smartphones were sold in South Korea over the first two days of their official launch, industry data showed Sunday. Sales of the Galaxy S7 and Galaxy S7 Edge reached a combined 60,000 on Friday and 40,000 on Saturday [...]
SEOUL, March 10 (Korea Bizwire) – The South Korean fashion industry needs to take bolder steps to try unconventional things and collaborate with the country’s thriving entertainment businesses to succeed on the global stage, an Italian trade official said Thursday. Korean manufacturers know how to make good products, but they should go one step further [...]
SEOUL, March 9 (Korea Bizwire) – It’s Skin Co., South Korea’s fourth-largest cosmetic maker, said Wednesday it will enter the Indian market through a partnership with local retail giant Dabur India. It’s Skin signed a memorandum of understanding with Dabur to sell 120 kinds of cosmetics in its New U beauty retail chain, stepping up [...]
SEOUL, March 9 (Korea Bizwire) – South Korea’s market for hair-loss-related products, including wigs, is currently estimated at 3 trillion won (US$2.47 billion), industry sources said Wednesday, with the figure set to increase down the road as more people in the country get stressed. The number of people suffering from hair loss is estimated at 10 [...]
SEOUL, March 8 (Korea Bizwire) – With Me, the convenience store managed by Shinsegae group, announced that they opened a new store in the SUM Market located in the Samsung-dong building of SM Entertainment. The 1,161st With Me store showed record breaking sales, for the number of sales were 2.5 times higher than the average [...]
SEOUL, March 8 (Korea Bizwire) – LG Electronics Inc. said Tuesday it will start selling its new budget smartphone that comes with a price tag of around US$300, the latest in a series of budget smartphone models. The LG Stylus 2, scheduled to go on sales this week in South Korea, was first showcased at [...]
SEOUL, March 7 (Korea Bizwire) – Korean traditional rice wine, or makgeolli, contains a material believed to be effective in slowing the growth of stomach cancer cells, a study showed Monday. The Korea Food Research Institute (KFRI) said in a recent study that it discovered that makgeolli curbs the proliferation of stomach cancer tumors when [...]
SEOUL, March 4 (Korea Bizwire) – China’s Xiaomi is moving fast to team up with Korean retailers, inking distribution agreements for the Korean market. Xiaomi products are becoming more and more popular for their excellent value proposition, and it seems like the Chinese company is setting out to dominate the Korean market. Xiaomi created a craze [...]
SEOUL, March 3 (Korea Bizwire) – While the retail sector in general is going through tough times amid the economic slowdown, convenience stores and online shopping websites — especially those dedicated to mobile users — are weathering the storm, with consistent double digit growth rates. Not surprisingly, there is a secret to their ability to outperform [...]