SEOUL, Jan.14 (Korea Bizwire) – The government is planning another large discount event among retailers following the Lunar New Year holiday (February 8) to stimulate the domestic economy, after a similar promotion was held successfully in October 2015. According to industry reports, government authorities, core distributors such as department stores and large discount stores, manufacturing [...]
SEOUL, Jan. 14 (Korea Bizwire) -LG Electronics Inc. said Thursday it has released a new wider screen laptop that weighs less than 1 kilogram and boasts a strong battery that lasts up to 10.5 hours. South Korea’s No. 2 tech giant said the Gram 15 laptop comes with a 15.6-inch display, but weighs only 980 [...]
SEOUL, Jan. 14 (Korea Bizwire) – South Korea’s No. 3 mobile carrier LG Uplus Corp. said Thursday its sales of the Huawei Y6 smartphone reached 20,000 units this week, reflecting the country’s rising demand for budget handsets. The better-than-expected sales came around a month after the mobile carrier released the smartphone made by China-based Huawei [...]
SEOUL, Jan. 13 (Korea Bizwire) – Samsung Electronics Co. on Wednesday said it will start sales of the new Galaxy A series in South Korea later this week that comes with Samsung Pay, a mobile payment tool that previously only supported high-end models. The Galaxy A5 and the Galaxy A7 will hit store shelves Thursday [...]
SEOUL, Jan. 12 (Korea Bizwire) – Pantech Co., a struggling South Korean handset maker, said Tuesday it is targeting to post annual sales of 1.5 trillion won (US$1.23 billion) in 2018 by reforming itself and more aggressively tapping into new markets and business areas. Once South Korea’s No. 3 smartphone maker, Pantech was placed under [...]
SEOUL, Jan.11 (Korea Bizwire) – After the start of the new year, many are redecorating their homes, leading to booming sales for companies specializing in interior decor. According to the online shopping site GMarket, the sales of home decoration items and furniture doubled compared to last year. The phenomenon is seen to result from the [...]
SEOUL, Jan.11 (Korea Bizwire) – Korean home shopping networks are currently stepping away from the TV to open offline stores. To overcome their limit of only communicating with customers through TV, they are starting to provide omni-channel services so that customers can actually touch and try out products sold through home shopping networks. CJ O [...]
SEOUL, Jan 11 (Korea Bizwire) – It has been suggested that the reason China’s Xiaomi was able to grow into a successful international company in only five years was because of its efficient usage of social media. A recent report issued by the KT Economy and Management Research Center says that social media acted as [...]
SEOUL, Jan. 11 (Korea Bizwire) – Lee Seo-yeon buys freshly brewed coffee at GS 25, a convenience store chain, twice a day — on her way to work and during lunch time. There’s neither a barista nor ice caramel macchiatos. The part-time cashier at a department store in downtown Seoul gets Americanos at 1,000 won [...]
SEOUL, Jan. 11 (Korea Bizwire) – Global panel makers are poised to ramp up their production of curved models this year in an effort to find a new source of profit amid a slowing global TV market, industry sources said Monday. According to data compiled by China-based market tracker Sigmaintell, global shipments of curved liquid [...]