SEOUL, Dec.11 (Korea Bizwire) – Products from Orion, the Korean confectionary company, will be sold on trains and at train stations in China. For the next three years, Orion will exclusively sell Market O Real Brownies, Real Cheese Chips, Real Cracker Chocolate, Dr. You Energy bars and Kids Cookies in compartments and train stations run [...]
SEOUL, Dec. 11 (Korea Bizwire) – While in college in the early 2000s, Lee Eun-sun used to go to the Dongdaemun market to buy casual clothes, hopping from one shopping complex to another. Walking through the narrow aisles lined up with cramped stores without partitions, she learned how to bargain with shop owners over prices, [...]
SEOUL, Dec.10 (Korea Bizwire) – Even though morning temperatures have dropped below zero, with the increased popularity of spas and hot springs, sales of swim suits and rash guards are on the rise. According to online shopping portal Auction (www.auction.co.kr), sales of swimwear during the first week of December leaped 169 percent compared to the [...]
SEOUL, Dec. 9 (Korea Bizwire) – Hyundai Motor Co., South Korea’s largest carmaker, launched the EQ900 flagship sedan Wednesday, targeting the global luxury vehicle market mostly dominated by German brands. The EQ900 is the first model unveiled under the name of Genesis, which Hyundai Motor recently launched as an independent luxury brand. “The EQ900 is [...]
SEOUL, Dec.9 (Korea Bizwire) – Koreans’ wallets are changing as the number of people using convenient mobile payment applications increases, and smartphone cases that also function as wallets are becoming popular. After investigating wallet sales over the past five years, the online shopping site GMarket (www.gmarket.co.kr) announced that sales of card wallets and money clips [...]
SEOUL, Dec. 9 (Korea Bizwire) – Lotte Confectionery Co., a unit of South Korean retail giant Lotte Group, said Wednesday that Lotte’s Japan operation will increase its stake in the affiliate, a move seen as part of efforts to cement the incumbent group chairman’s grip on the conglomerate amid a succession feud. In a regulatory [...]
SEOUL, Dec.8 (Korea Bizwire) – Black Friday is still not over for those who made direct overseas purchases, as many have still not received the products they purchased from overseas online shopping malls. As deliveries have been delayed due to the flood of orders, it is taking longer than usual for Korean consumers get their [...]
SEJONG, Dec. 8 (Korea Bizwire) – South Korea’s instant coffee market has been on a steady decline despite increasing coffee consumption, as more people drink at coffee shops or buy other types of coffee drinks, industry data showed Tuesday. The instant coffee retail market was valued at 1.05 trillion won (US$895.6 million) last year, falling [...]
SEOUL, Dec.7 (Korea Bizwire) – Korean household electronics maker Coway has made good on a promise to build 1,000 pump wells in Cambodia over the past 10 years as part of its corporate philanthropic programs. Coway announced that workers had finished installing the 1,000th well on December 4 in Kampot, Cambodia. The company has invested [...]
SEJONG, Dec.7 (Korea Bizwire) – Ever since the launch of Honey Butter Chips, the demand for sweet-flavored potato chips has increased, which has pushed potato imports to an all-time high. According to the foreign trade statistics of the Korea Customs Service, the amount of fresh and refrigerated potatoes imported to make chips as of October [...]