SEOUL, Nov. 25 (Korea Bizwire) – Less than two months after its release, Huawei Technologies is dropping the price of its budget X3 smartphone by nearly 40 percent, offering a 200,000-won-discount to local customers in a move indicative of the Chinese vendor’s struggling ‘smartphone push’ in Korea. Media Log, a local distributor and affiliate of [...]
SEOUL, Nov. 25 (Korea Bizwire) — The smartwatch market is showing signs of blooming. As major companies like Samsung, LG, and Apple make forays into this area, the number of smartwatch patent applications has increased as well. According to the Korea Intellectual Property Office on November 23, the number of patent applications related to smartwatches started picking [...]
SEOUL, Nov. 25 (Korea Bizwire) – Against IKEA’s discriminatory pricing policy in Korea, as well as its sale (in some markets) of a large-scale world map with the East Sea indicated as the Sea of Japan, a nationwide boycott that even includes a provincial council is spreading. At the frontline of the boycott movement is [...]
SEOUL, Nov. 24 (Korea Bizwire) – Rents for retail locations in Myeongdong, a trendy shopping area in Seoul, are the eighth most expensive in the world, according to a recent survey. As more Chinese tourists visit the shopping district, real estate costs have risen sharply. According to the “Main Streets across the World” survey released [...]
SEOUL, Nov. 23 (Korea Bizwire) – As Naver, Korea’s largest online portal, launches a new “O2O” platform service to challenge “YellowID” of Daum Kakao, it is expected that competition in the area of O2O marketing will get fiercer. O2O marketing, or online-to-offline marketing, provides more personal experience by bringing people from online networks to offline networks by connecting [...]
SEOUL, Nov. 22 (Korea Bizwire) – When a North American visiting South Korea has a headache, he or she will probably pay more than in the United States to buy Advil, as drugs manufactured by multinational pharmaceutical companies are typically sold at higher prices in South Korea than in other countries. When the Consumers Union [...]
SEOUL, Nov. 20 (Korea Bizwire) – Expensive luxury goose down jackets came to be discovered that they were actually filled with duck down, not pricier goose down. When Consumer Research, a CN Media company, surveyed a total of 25 down jackets, among which 16 items were from eight imported premium brands and nine products were [...]
SEOUL, Nov. 18 (Korea Bizwire) – The camping gear industry in Korea has grown 30 times since 2008 powered by men in their 40s who enjoy outdoor lives with their small children. According to the Korea Agency of Camping and Outdoor Industry on November 16, it is expected that the camping industry market volume will reach [...]
WATERLOO, Ontario, Nov. 17 (Korea Bizwire) – Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that S. Bertram, Inc., a premier food-service industry supplier across the North-eastern U.S., has increased efficiency and improved customer service with Descartes’ comprehensive cloud-based fleet management solution that combines route planning, real-time dispatch, GPS-based [...]
SEOUL, Nov. 17 (Korea Bizwire) — IKEA is being criticized for its pricing policy in Korea. That’s largely because the Swedish furniture seller has not found out enough about Korean consumers. Earlier on November 13, IKEA Korea began its first marketing effort by releasing pricing information on its 8,500 items to be on sale in [...]