SEOUL, Feb. 13 (Korea Bizwire) — Standard Chartered signed a MoU with Shinsegae Corp. to implant sales and marketing channels at main Shinsegae retail stores, on February 12. Standard Chartered is also in talks to sell off its Cheil Branch in Myeongdong to Shinsegae, which is one of the largest retailers in Korea. Standard Chartered will install [...]
FORT LAUDERDALE, Fla., Feb. 12 (Korea Bizwire) — New social cafe concept is launched by Arkay! Arkay depot & social cafe is a hybrid between a retail store and a coffee shop. Arkay Beverages, the maker of the world’s first alcohol free liquor collection, is launching this new concept of store and cafe where consumer [...]
SEOUL, Feb. 12 (Korea Bizwire) – The Fair Trade Commission of Korea has ordered Lock & Lock to correct an advertisement that unfairly claims that the food containers of a rival company are inferior to its own products, based on false tests. According to the fair trade watchdog, Lock & Lock, a food container manufacturer, made [...]
FORT LAUDERDALE, Fla., Feb. 10 (Korea Bizwire) — DutyFreeZone.com is announcing the launch of a worldwide concierge service. “Our concierge service is going to revolutionize the e-commerce industry and generate online business, and in-store traffic for small to medium store owners,” quoted Angel David, Vice President of Operations. “We challenge and invite Retail store owners [...]
SEOUL, Feb. 10 (Korea Bizwire) – On February 7, Wang Feng, the Chinese rockstar, proposed to his girlfriend, Chinese actress Zhang Ziyi at her birthday party, which was held two days before her actual birthday. In a unique twist, Wang did not hide his proposal ring somewhere or get down on one knee. Instead, a [...]
SEOUL, Feb. 10 (Korea Bizwire) — E-mart, South Korea’s biggest discount chain, said Tuesday it is launching sales at an Alibaba-powered online shopping mall, its latest effort to revive retail footing in the world’s second-largest economy after previous expansion attempts flopped. Starting mid-March, E-mart will sell some 100 food and electronic products, such as soybean [...]
SEOUL, Feb. 08 (Korea Bizwire) – A pop-up store for ‘kidults’ opened at Lotte Department Store Main Branch in Sogong-dong, Seoul on February 6. The store offers products from Curiocity of Lenoma, a sub brand of the Korean clothing brand Lenoma, and a variety of toys and cutting-edge gadgets for adults looking for fun. Art [...]
SEOUL, Feb. 8 (Korea Bizwire) – More than half of home-furnishing retailers near IKEA’s first shop in South Korea have seen their sales sink for the past two months, hit by the Swedish industry giant’s entry into the local market, a poll showed Sunday. According to the survey conducted by the Korea Federation of SMEs on [...]
SEOUL, Feb. 8 (Korea Bizwire) — Bolstered by its rising market share, British American Tobacco (BAT) Korea, is showcasing another marketing tactic: a compact cigarette pack at an ‘affordable’ price. BAT Korea announced on February 6 that it would launch a limited edition called Dunhill Pocket Pack, a 14-cigarette pack for 3,000 won (US$ 2.75). Although [...]
SEOUL, Feb. 4 (Korea Bizwire) – Young Toys, the largest toy maker in Korea, rang up 110 billion won in sales and 30 billion won in earnings before interest, taxes, depreciation, and amortization (EBITDA) last year thanks to hot sales of its Tobot series. This year, it aims to accumulate 150 billion won in revenue by [...]