SEOUL, Oct. 21 (Korea Bizwire) – AbleC&C’s cosmetic brand MISSHA has opened a new store in Barcelona, Spain. It was a first among Korean cosmetic brands to open a store in Spain. This is the second store MISSHA opened in Europe, after a store in Ingolstadt, Germany, which opened this February. MISSHA has ‘shop in [...]
SEOUL, Oct. 20 (Korea Bizwire) - POSCO Co., South Korea’s largest steelmaker, said Tuesday that it swung to a net loss in the third quarter amid tough market conditions at home and abroad and a one-time charge for a patent suit settlement. Its consolidated net loss amounted to 658.24 billion won (US$582.5 million) during the July-September period, [...]
SEOUL, Oct. 20 (Korea Bizwire) – Samsung SDI Co. and LG Chem Co., South Korea’s two major battery makers, are expanding their product portfolios into flexible cells for wearable devices, a move seen to meet increasing global demand for bendable gadgets such as smartwatches. The two battery-making units of Samsung Group and LG Group said [...]
SEOUL, Oct. 20 (Korea Bizwire) – GS Home Shopping, a major South Korean home shopping operator, said Tuesday it has added a Chinese-language shopping channel in Malaysia to target deep-pocketed consumers in the Southeast Asian nation. The retail unit of GS Group joined hands with Astro Malaysia Holdings, a local broadcaster, to launch a shopping [...]
SEOUL, Oct. 19 (Korea Bizwire) - South Korea’s three mobile carriers plan to start preorders for the latest iPhone 6s and iPhone 6s Plus this week, industry sources said Sunday, a move that may cause a dent in sales of high-end models from local brands Samsung and LG. SK Telecom Co., KT Corp., and LG Uplus will begin preorders Monday, ahead of the official release slated for Friday at both online and offline [...]
SEOUL, Oct. 19 (Yonhap) - LG Electronics Inc. said Sunday it has begun selling its latest Bluetooth-powered keyboard that works on tablet PCs with excellent power efficiency. The Rolly Keyboard, which boasts improved portability compared to other Bluetooth keyboards in the market as it can be “rolled up” on a rectangular stick, will come with a price tag of 129,000 won (US$113.10). LG said users [...]
SEOUL, Oct. 19 (Korea Bizwire) – Seoul and Washington have shared that there is no problem in South Korea’s entry into the U.S.-led Trans-Pacific Partnership deal as the two sides already have a free trade deal with high standards, an official said Sunday. An Chong-bum, senior presidential secretary for economic affairs, told reporters that the United [...]
SEOUL, Oct. 16 (Korea Bizwire) – As most people tend to have one or two children and concentrate their resources on them, the infant clothing industry is seeing revenue growth from ancillary products like dolls, bags and toys rather than clothing. Accessories for infants are said to be effective in opening the wallets of aunts, [...]
SEOUL, Oct. 16 (Korea Bizwire) – A new trend in the cosmetics industry is seeing companies launch products with antioxidant effects. Antioxidants prevent and suppress active oxygen from being formed in the human body. Each brand is pointing out that antioxidants are needed to keep the skin healthy when seasons change and the skin’s natural oil [...]
SEJONG, Oct. 15 (Korea Bizwire) – The first Korean ‘Black Friday’ shopping event, which was initiated by the government and promoted across the country over the past two weeks, ended on October 14. The event was a desperate attempt by the government to boost consumption, with domestic demand frozen and exports low. The promotion benchmarked [...]