SEOUL, Dec.30 (Korea Bizwire) – The most noticeable trend in the fashion apparel industry was the increase in consumers who value the experience accrued as an important part of fashion, of Internet of Things (IoT), and of character items pertaining to their historical nostalgia. According to the ‘2015 Fashion Issues and 2016 Fashion Trend Prospect’ [...]
SEOUL, Dec. 28 (Korea Bizwire) – The South Korean furniture industry is going through a major transition to survive tough competition from Swedish furniture giant IKEA, which is drawing design-savvy consumers with affordable products and showroom displays. IKEA’s highly anticipated first store in suburban Seoul has created much buzz in the home furnishing market, attracting over 6.7 million visitors and posting 308 [...]
SEOUL, Dec.24 (Korea Bizwire) – Taxi dispatch applications were selected as the biggest hit item in Asia this year. Nihon Keizai Shimbun selected popular products and services from 13 countries in Asia. Dispatch apps that allow consumers to call taxies conveniently were selected as the No.1 item in Korea, Indonesia and Vietnam. The newspaper selected [...]
SEOUL, Dec. 24 (Korea Bizwire) – This year has been a busy period for the top family-controlled conglomerate in South Korea, the Samsung Group, especially due to its struggle to pave the way for the coronation of a new generation. The head of the Samsung Group was hospitalized in early 2014. With the absence of [...]
SEOUL, Dec.23 (Korea Bizwire) – After the price of soju went up, consumers are waiting to see if beer prices will follow suit. Brewery officials made an official statement that they are not looking into price increases, even though there are factors that could be seen as justifying a bump in prices. OB Beer and [...]
SEOUL, Dec.23 (Korea Bizwire) – LG Electronics has announced that it will launch its G Pad Ⅱ 8.3 LTE, a tablet capable of LTE data transfers, through LG U+. The product has an LTE communication module which makes it possible for it to connect to the internet if Wi-Fi is unavailable. Considering that consumers often [...]
SEOUL, Dec. 22 (Korea Bizwire) – Hanwha Galleria, a retail unit of South Korean conglomerate Hanwha, said Tuesday it will partially open its first duty-free store at 63 City Building in downtown Seoul next week. Hanwha Galleria plans to open 60 percent of the proposed space in the gold-tinted skyscraper in Yeouido, a must-stop destination [...]
SEOUL, Dec.22 (Korea Bizwire) – Korean cosmetics brands are making a push to enter the Middle-Eastern market. Korean companies are focused on the fact that even though Middle-Eastern women seem to be far from makeup as they typically wear a hijab, they have an urge to express themselves through eye makeup, and have a high [...]
SEOUL, Dec.21 (Korea Bizwire) – Stores that purchase used cell phones are set to open at subway stations in Seoul. Seoul Metro, which manages lines No.1 to No.4, announced that it will open stores that buy used mobile phones at 12 subway stations including Seoul Station, in a bid to stop wasting resources and promote [...]
SEOUL, Dec.18 (Korea Bizwire) – Dongbu Daewoo Electronics has announced that ‘Mini’, its drum washing machine that can be installed on a wall, was selected as a ‘next generation world-class product’ at the 2015 World-Class Goods Certification. ‘Mini’ is the first drum washing machine that can be installed on a wall. It is 29.2 centimeters [...]