SEOUL, Oct. 15 (Korea Bizwire) - The amount of toy imports in South Korea rose to a record level in the first eight months of this year on robust demand for character robots, government data showed Thursday. The inbound shipment of kids’ toys reached a record US$444 million in the January-August period, up 6.6 percent from [...]
HWASUNG, Oct. 14 (Korea Bizwire) – Teams from Hyundai Motor Group have suggested various ideas about the future of motor vehicles. From automobile advancements to augmented reality (AR), Hyundai researchers are dreaming big as they envision future transportation. On October 13, the ’2015 R&D Idea Festival’ was held at Hyundai’s Namyang research center. Teams of [...]
SEOUL, Oct. 5 (Korea Bizwire) – There is a saying that ginseng could be a medicine of a poison depending on one’s physical constitution, but red ginseng is good for everyone. Seems like the saying also applies to pets. The Korea Ginseng Corporation announced that it will be releasing a new line of pet food containing red [...]
SEOUL, Oct. 5 (Korea Bizwire) — Shopping at large discount stores has become a less preferred chore for Lee Na-young after the troubling experiences of pulling a cart through crowds and standing in long checkout lines with her two babies crying. When Lee ran out of diapers and wet issues during a busy week, she [...]
SEOUL, Oct. 2 (Korea Bizwire) – With Fiat-Chrysler also creating controversy by manipulating the number of accidents caused by their cars not long after Volkswagen slapped the whole world in the face, the credibility of foreign motor brands is dropping faster than the temperature these days. Sales of foreign cars over the past two weeks have decreased [...]
SEOUL, Sept. 25 (Korea Bizwire) — Department stores are undergoing big changes, with specialized retailers or service providers like barbershops and paint shops making appearances inside their spaces. These special shops are appearing as popup stores rather than taking up permanent residence in department stores. The phenomenon is the result of retailers choosing popup stores [...]
SEJONG, Sept. 22 (Korea Bizwire) — South Korea will host its own Black Friday super sales festival in early October to stimulate domestic spending critical for generating economic growth, the government said Tuesday. Asia’s fourth-largest economy has been hit hard by sagging exports and still weak consumer spending. Outbound shipments fell 14.9 percent on-year in [...]
SEOUL, Sept. 21 (Korea Bizwire) — South Korea’s retail and tourism industries are preparing a slew of promotional and cultural events to woo back Chinese travelers during a long-haul holiday season, pinning their hopes on making up for a summer slump in the wake of a viral respiratory illness, sources said Monday. Since the first [...]
SEOUL, Sept. 16 (Korea Bizwire)- “Dried” foods sell like hotcakes in the run up to Chuseok or Hangawi, a major harvest festival celebrated in Korea. Gift sets consisting of dried Hanwoo(Korean beef), dried fish, half-dried baked yams, and dried persimmons are in high demand as Chuseok(Korean Thanksgiving) gifts. According to Shinsegae department store, sales of [...]
SEOUL, Sept. 10 (Korea Bizwire) – While TV home shopping companies are making profits greater than one trillion won by selling insurance, consumers are facing damages because of dishonest sales tactics. In the meantime, insurance has settled as one of the main revenue streams for home shopping businesses, and the commissions received from insurance companies [...]