SEOUL, March 11 (Korea Bizwire) – It has been reported that more and more middle-aged Koreans are commemorating Valentine’s Day and White Day. According to Lotte Department Store, which analyzed last year’s purchase patterns for customers living in the Busan area, more people in their 40s and 50s purchased chocolates and candies compared to five years ago. [...]
Provides Developers Complete Feasibility and Budget Tracking Solution for Real Estate Development Projects TORONTO, ONTARIO, Mar. 10 (Korea Bizwire) - ARGUS Software Inc. (“ARGUS”), a subsidiary of Altus Group Limited (“Altus Group”) (TSX:AIF) and the leading global provider of software solutions for the commercial real estate industry, announces the launch of ARGUS Developer 7.0 (“Developer 7″). [...]
SEOUL, Mar. 6 (Korea Bizwire) — The Korean government has postponed its plan to increase cigarette prices in tax-free stores, due to an increase in demand from Chinese tourists for Korean cigarettes, and a decrease in hoarding sprees that started with the cigarette price hike, according to an individual related to the Ministry of Strategy and Finance [...]
AGUASCALIENTES, Mexico, Mar. 4 (Korea Bizwire) — The retailer said in a statement that LicorZone’s (R) first outlet is located in Aguascalientes, Mexico. With one store opening this week and another coming next month at a location near Aguascalientes’s bus station, the liquor, beer, and wine outlet announced that it intends to open at least [...]
FORT LAUDERDALE, Fla., Mar. 4 (Korea Bizwire) — DutyFreeZone.com is not a traditional E-commerce company. It operates an “open marketplace” that connects worldwide buyers with sellers. It has created an E-Commerce platform to compete against competitors, such as B2B web sites in Asia, which helps businesses of all sizes worldwide reach consumers and importers. It [...]
SEOUL, Feb. 28 (Korea Bizwire) — Hotel Lotte won the operational right for a downtown duty-free shop in Jeju, officials said Friday, a move that is anticipated to bolster the company’s footing against its rival in the South Korean resort island’s ballooning duty-free market. Hotel Lotte, among the three applicants including smaller rival Hotel Shilla and [...]
SEOUL, Feb. 26 (Korea Bizwire) — South Korean duty-free retailers Hotel Lotte and Hotel Shilla are competing again to open more stores, this time on the country’s southern island of Jeju, which has become a business hotspot teeming with Chinese tourists who have proven to be zealous shoppers. The two duty-free giants, in addition to local builder [...]
SEJONG, Feb. 25 (Korea Bizwire) — Sales at South Korea’s discount outlets and department stores continued to drop from a year earlier in January, but the decline was largely due to a base effect from the Lunar New Year’s holiday, the government said Wednesday. In January, combined sales at the country’s three major discount outlet [...]
“We shouldn’t hold back investment on the future even when business conditions are not bright. We have to find the momentum for growth by thoroughly preparing for trend changes.” – Lotte Group Korea chairman Shin Dong-bin SEOUL, Feb. 15 (Korea Bizwire) — Lotte Group, whose affiliates include retail, construction, chemicals and tourism, said [...]
SEJONG, Feb. 15 (Korea Bizwire) – Goods bought from foreign e-commerce shops surged over the last five years with the increase being fueled by demand for such products as coffee, handbags and sneakers, a government report showed Sunday. According to Korea Customs Service (KCS), imports from on-line shops excluding printed materials, compact discs and tissue [...]