SEOUL, Feb.16 (Korea Bizwire) – Kakao, the company behind the popular KakaoTalk messaging app, is launching a distribution service in which products are manufactured after having been pre-ordered. The company’s goal is to prevent resources from being wasted, and help boost revenues for manufacturers with good ideas. Kakao announced that it will start a service [...]
SEOUL, Feb.16 (Korea Bizwire) – With the increasing popularity of cheaper mobile phones, there has been a noticeable change in the way that consumers purchase new handsets. Instead of visiting traditional vendors, consumers buy their mobile phones at the post office, convenience stores, through online shopping sites and even from vending machines. While consumers are [...]
SEOUL, Feb. 15 (Korea Bizwire) – Hana Tour Co., South Korea’s leading tour agency, opened a duty-free store in downtown Seoul on Monday, hoping to draw foreign travelers with a variety of cultural and entertainment events. Hana Tour partially opened SM Duty Free store at its headquarters building in Insadong, an art and antique street [...]
SEOUL, Feb.14 (Korea Bizwire) – On Valentine’s day, a new report shows that foreign brand chocolates are significantly cheaper when bought directly from sellers abroad instead of at Korean stores. The Korea Consumer Agency revealed that if one buys many chocolates within the customs-exempt limit for overseas direct purchases, the total price will be cheaper [...]
SEOUL, Feb. 11 (Korea Bizwire) – Analysts from NH Investment & Securities have said that they expect that as the consumption tendency of Middle Eastern and Southeast Asian consumers expands, there will be more opportunities for halal assured products to be exported. Meaning ‘allowed things’ in Arab, halal refers to all foods and products that [...]
SEOUL, Feb.11 (Korea Bizwire) – As the period of economic stagnation is dragging on, consumer demand for used or refurbished products (displayed products or returned products that have been fixed) is increasing greatly both online and offline. Sales of used laptops and PCs online have shown a two to threefold increase with the new school [...]
SEOUL, Feb. 11 (Korea Bizwire) - South Korean panel maker LG Display Co. regained its status as the top seller of Ultra HD panels in the fourth quarter of 2015, industry data showed Thursday, amid the booming popularity of high-end TVs. LG Display shipped 3.98 million units of UHD TV panels in the October-December period, [...]
SEOUL, Feb. 4 (Korea Bizwire) – The local floricultural industry is facing a downturn despite the annual graduation season, industry sources said Thursday, due to increasing production costs and stagnant consumption. At a high school graduation ceremony held earlier this week at Changwon, South Gyeongsang Province, 90 percent of the flowers that were being sold [...]
SEJONG, Feb. 2 (Korea Bizwire) - South Korea’s consumer prices grew less than 1 percent for the first time in three months, a government report showed Tuesday, rekindling concerns about deflation. The country’s consumer price index rose 0.8 percent last month from a year earlier, a 0.5 percentage point fall from December’s 1.3 percent gain, according [...]
SEOUL, Feb. 1 (Korea Bizwire) - The number of feature phone users in South Korea declined sharply on-year in 2015 to hover below the 10 million mark, data showed Monday, reflecting the rising popularity of smartphones. According to data compiled by the Ministry of Science, ICT, and Future Planning, the number of feature phone users came [...]