SEOUL, Nov.23 (Korea Bizwire) – Imports of foreign beer have reached an all-time high this year. According to the Korea International Trade Association (KITA), $118 million worth of foreign beer was imported this year as of October, which already exceeds the $112 million total from last year. In 2000, total beer imports were only valued [...]
SEOUL, Nov. 23 (Korea Bizwire) – Large retailers in South Korea are claiming that they are being discriminated against by card firms over commission rates which could eat into their bottom lines amid a protracted economic slowdown, industry sources said Monday. According to the sources, some large-sized retailers have demanded a reduction in commission rates [...]
SEOUL, Nov.20 (Korea Bizwire) – After rumors that the government will be regulating discounts on imported beer, consumers are expressing strong feelings of dissatisfaction. The government responded by saying that ‘nothing is sure at the moment’ in an effort to minimize consumer anger. The controversy started when a media source reported that “the Ministry of [...]
SEOUL, Nov.19 (Korea Bizwire) – The ‘original’ Black Friday is just 10 days away, drawing the attention of Korean ‘direct overseas shoppers’ as well as local consumers. After Black Friday, which falls on November 27, and Cyber Monday on November 30, huge sales will continue until the end of the year. During this period, consumers [...]
SEOUL, Nov.19 (Korea Bizwire) – LG Electronics and Google have joined forces to launch a Smart TV content application. Cooperation between the two companies seems to on solid footing after joint marketing efforts for LG’s new OLED TVs. LG Electronics announced on November 18 that it is bringing a new content application, Google Play Movies [...]
SEOUL, Nov.19 (Korea Bizwire) – Korean cosmetics brand Tonymoly announced that it has opened a store in Mexico City, the capital of Mexico. The new store represents the company’s first foray into Latin America. The store is located in the Hamburgo district of Mexico City. The shop features a ‘Professional Makeup & Hairzone’, which is [...]
SEOUL, Nov. 19 (Korea Bizwire) – China expanded its share in the global TV market in the third quarter, narrowing the gap with No. 1 South Korea, industry data showed Thursday. Beijing took up 27.2 percent of the global TV market in the July-September period, up 2.3 percentage points from a quarter earlier, the data [...]
SEOUL, Nov.18 (Korea Bizwire) – With the Star Wars series returning to the screen after a 10-year absence, companies in the fashion industry are collaborating with the blockbuster franchise to launch new products. The SPA brand UNIQLO announced that it will launch Star Wars themed items from men’s outers to women’s bags and its popular [...]
SEOUL, Nov.18 (Korea Bizwire) – Dr. Chung’s Foods announced that it will be exporting 100,000 packs of eight different types of Vegemil soymilk, which are halal assured, to the United Arab Emirates (UAE). The exports are the result of an agreement with 1004 Mart, the largest Korean supermarket in the Middle East. Prior to the [...]
SEOUL, Nov. 17 (Korea Bizwire) – Samsung Electronics on Tuesday pledged a US$500,000 donation to a U.S. charity organization for veterans and military families. The commitment to the Fisher House Foundation is the latest in a series of donations that the South Korean electronics giant has made in the U.S. for veterans and their families [...]