SEOUL, Nov.25 (Korea Bizwire) – Coffee houses furnished with tables and lamps made of coffee waste are receiving positive reactions from consumers. Starbucks Korea opened a store in the Gwanghwamun area that is furnished with furniture made out of used coffee grounds on November 8. The company announced on November 24 that will increase the [...]
SEOUL, Nov.25 (Korea Bizwire) – Innisfree, the natural cosmetics brand from Amore Pacific, is opening its largest store in China. Amore Pacific announced that the brand will be opening an 8,900 square foot store in Shanghai. This is the largest store among all of Innisfree’s retail locations, and also the largest among all the cosmetics [...]
SEOUL, Nov. 25 (Korea Bizwire) — South Korea’s science and industry ministries said Wednesday they will spend 127 billion won (US$110.7 million) on boosting the wearable device industry through 2020 as part of efforts to secure new growth engines for the country. Under the plan, the Ministry of Science, ICT, and Future Planning, and the [...]
SEOUL, Nov. 25 (Korea Bizwire) – People love bargain deals. Clearance sales with 80 percent or more off can even lure customers in to buy things they don’t need. That’s why retailers offer “door buster” deals when they need to handle rising stockpiles or attract customers during holiday shopping seasons, such as “Black Friday”, the [...]
SEOUL, Nov.24 (Korea Bizwire) – Limited editions of the extra-large Samsung Electronics TVs that will be sold during the American ‘Black Friday’ shopping event will be launched in the domestic market as well. According to online shopping malls such as 11Street, Auction and GMarket, the super-large smart TVs have been selling at discounted prices since [...]
SEOUL, Nov. 24 (Korea Bizwire) – German auto giant Volkswagen is not responding to South Korean customers demanding the same kind of compensation as granted in North America for fabricating emission results of some of its vehicles, their legal representatives said Tuesday. Barun, which spearheads a class-action lawsuit against Volkswagen and its luxury brand Audi [...]
SEOUL, Nov.24 (Korea Bizwire) – Tonymoly has announced that it ranks at the top in sales among the Korean brands that entered the Starboard Cruise of the Luis Vuitton Moet Hennessy Group (LVMH). Tonymoly has opened shops on eight cruise ships including the ‘Mariner’ and ‘Quantum of the Seas’ since March, and ranked first in [...]
SEOUL, Nov. 24 (Korea Bizwire) – South Korea’s top tech firm Samsung Electronics Co. said Tuesday it will open more of its technology patents to smaller local firms in line with its vision for shared growth. In June this year, Samsung also said it will share 3,000 technology patents with local firms free of charge. [...]
SEOUL, Nov. 24 (Korea Bizwire) – Hanmi Pharmaceutical Co. is heading toward its best year ever with six licensing deals and collaboration projects worth a combined 7.6 trillion won (US$6.55 billion). The South Korean company has bagged a series of deals on licensing of its pipeline products and collaborative research and development of early treatment [...]
SEOUL, Nov.23 (Korea Bizwire) – With a drama based on the 1980s becoming increasingly popular, nostalgic items are gaining recognition among people born in the early 1970s who lived the era (those in their mid 40s). According to online shopping mall GMarket (www.gmarket.co.kr), ever since tvN’s new show ‘Answer 1988’ was first aired, sales of [...]