SEOUL, Jan. 20 (Korea Bizwire) – Two international airports in South Korea are set to review operational licenses for duty-free shops, but the upcoming bids are unlikely to become competitive due to sluggish profitability, industry sources said Wednesday. Gimpo International Airport in western Seoul is expected to open a bid for tax-free shops later this [...]
SEOUL, Jan.19 (Korea Bizwire) – ZMI, an affiliate of the Chinese electronics brand Xiaomi, will officially enter the Korean market through the 11st online shopping site. 11st announced that it signed an agreement with ZMI to cooperate in online sales on January 13, and set foot as the official online retail channel for the brand. [...]
SEOUL, Jan.18 (Korea Bizwire) – China’s Haier Group, which just inked a deal to take over General Electric’s appliance business, is entering the Korean market with a bang, offering what it calls a ‘half-price TV’. According to industry reports, Haier Korea launched a 32-inch HD LED model through its MOOKA TV brand, an online exclusive, [...]
SEJONG, Jan. 19 (Korea Bizwire) - South Korea will start another round of nationwide discount events later this month in a bid to boost domestic consumption around the Lunar New Year’s holiday, the finance ministry said Tuesday. The so-called Korea Grand Sale will begin on Jan. 25 and run through Feb. 7 across the nation before [...]
SEOUL, Jan.18 (Korea Bizwire) – SK Telecom announced that it will start accepting reservations for its new private-label smartphone called Sol, which will be released on January 22. The phone will sell for as little as 19,800 won. Sol is a private-label product of SK Telecom, and is manufactured by China’s TCL Alcatel. It is [...]
SEOUL, Jan.18 (Korea Bizwire) – Large discount stores are making changes by launching clothing lines in collaboration with designers. Lotte Mart announced it will sell shirts from designers Han Sang-hyuk and Go Tae-yong at 64 stores across the nation. Han Sang-hyuk is one of the most prestigious mens’ apparel designers, and has worked as a [...]
SEOUL, Jan.18 (Korea Bizwire) – Cosmetics brands that have been mainstays in the Korean market for 10 to 20 years are facing their biggest test – the aging of their target customers. A recent marketing event held by a popular cosmetics brand at a department store only attracted customers in their 60s and 70s, and [...]
SEOUL, Jan. 18 (Korea Bizwire) – South Korean panel giant LG Display Co. outpaced its archrival Samsung Display Co. in TV panel shipments last year on the back of increased sales in the Chinese market, data showed Monday. LG Display sold 55.3 million TV panels in 2015, up 6.4 percent from 51.9 million units sold [...]
SEOUL, Jan. 15 (Korea Bizwire) – Taiwan-born singer Tzuyu, a member of the popular girl group TWICE under South Korea’s JYP Entertainment, promotes a Huawei smartphone in advertisements that local mobile carrier LG Uplus Corp. has posted on YouTube and other online platforms. It’s no surprise that a foreigner appears on South Korean ads as [...]
SEOUL, Jan.14 (Korea Bizwire) – The sales of large-screen TVs soared in the domestic market in 2015. According to Samsung Electronics, sales of 55-inch TVs increased more than 60 percent, and sales of TVs larger than 60 inches increased more than 70 percent compared to 2014. The company’s 65-inch SUHD TV ranked first in sales, [...]