SEOUL, Nov.30 (Korea Bizwire) – ‘Weather Management’ is rising as a new method for companies to create new businesses and enhance the efficiency of management overall. According to a report entitled ‘Understanding Weather Management and its Possibilities’ issued by the Korea Institute for Industrial Economics and Trade (KIET), weather management is a field with a [...]
SEOUL/SEJONG, Nov. 30 (Korea Bizwire) – The ratification of the free trade pact with China is expected to breathe new life into South Korea’s sagging exports and fuel the country’s growth, local observers said Monday. The bilateral free trade agreement (FTA), signed on June 1 and now passed by the National Assembly, will make South [...]
E-land Group, a South Korean fashion giant, said Monday it will sell Kim’s Club Mart, its supermarket chain operator, through open bidding to better focus on its core businesses. (Image : Yonhap) SEOUL, Nov. 30 (Korea Bizwire) – E-land Group, a South Korean fashion giant, said Monday it will sell Kim’s Club Mart, its [...]
SEOUL, Nov.30 (Korea Bizwire) – The number of Korean mobile subscribers in October reached a new high since the activation of the Mobile Device Distribution Improvement Act in 2014, thanks to the iPhone 6s. According to the Ministry of Science, ICT and Future Planning, the number of mobile subscribers last month was 2,409,200. This was [...]
SEOUL, Nov.30 (Korea Bizwire) – Americans were not the only shoppers to embrace Black Friday sales, as Koreans flocked to online stores to take advantage of huge discounts. According to Mall Tail, the largest domestic overseas online shopping agent, the number of consumers who visited their site doubled on November 28 (which was November 27 [...]
SEJONG, Nov. 30 (Korea Bizwire) – South Korea will offer on-spot tax refunds to foreign tourists who buy products at local duty-free shops starting Jan. 1, the government said Sunday. The Finance Ministry said it is moving to revise existing exemption guidelines governing foreign tourists so they need not pay value-added and excise taxes when they shop in the country. Under the proposed changes, an item costing less than 200,000 won (US$173) [...]
SEOUL, Nov. 27 (Korea Bizwire) - South Korean panel maker LG Display Co. said Friday it plans to invest 1.8 trillion won (US$1.56 billion) in a facility to tap deeper into the organic light-emitting diode (OLED) segment. Under the plan, the South Korean panel maker will build a new factory in Paju, north of Seoul, which [...]
SEOUL, Nov.27 (Korea Bizwire) – A mobile phone manufacturer is preparing to launch a Kim Soo-hyun smartphone in the Chinese market. According to industry watchers, ZUK mobile, an affiliate of Lenovo, will manufacture smartphones loaded with content related to the Korean Hallyu star Kim Soo-hyun, and sell them across the nation. The ‘ZUK Kim Soo-hyun [...]
SEOUL, Nov.27 (Korea Bizwire) – Small ideas that have the power to change an individual’s everyday life were presented at the ‘Creative Economy Expo’ held at COEX, on November 26. Featured products included 3D printers that only cost 290,000 won, fermented brown rice that includes lactic acid bacteria, and ‘Car-Talk’, which offers drivers of nearby [...]
SEOUL, Nov.27 (Korea Bizwire) – Virtual Reality (VR) devices are making inroads into the homes of consumers, with lowered prices acting as the main catalyst. VR devices, which were out of reach of most consumers due to high prices, are now becoming more accessible. Samsung Electronics has released a new premium device called the ‘Gear [...]