SEOUL, Nov. 16 (Korea Bizwire) — Sweden’s furniture giant IKEA will open its first store in Korea on December 18 in Gwangmyung, a residential town located in the southern outskirts of Seoul. Earlier on November 13, the company launched a Korean website and showed off more than 8,000 items on sale and their prices. As the [...]
SEOUL, Nov.14 (Korea Bizwire) – Shinsegae Department Store opens a specialized luxury goods and watch section on the basement floor in its main store in downtown Seoul as it will have about 20 world famous luxury brands. Shinsegae launches the luxury goods and watch floor mainly targeting Chinese tourists on November 14. The official expects Chinese [...]
How the Recent Introduction of the Innovative EX25 2D Multi Range Barcode Imager for ecom’s i.roc(R) Ci70 -Ex Handheld Computer (PDA) Enables New Levels of Efficiency and Safety for Companies and Onsite Personnel in Potentially Hazardous Locations ASSAMSTADT, GERMANY, Nov 12 (Korea Bizwire) — Entrenched working practices can be hard to change, but when it comes [...]
SEOUL, Nov. 7 (Korea Bizwire) – Pushed by poor credit ratings by international rating agencies, Lotte Shopping plans to accelerate the process of improving its financial standing by selling retail properties. According to retail industry sources, Lotte Shopping, retail operator of Lotte Group, is in talks with Capstone Asset Management, an asset management firm specializing in [...]
“For two days on Saturday and Sunday [November 1 and 2], it is regrettable that some mobile phone retail outlets paid illegal subsidies to iPhone 6 buyers who had to wait for hours in long lines. We will make sure this kind of unfortunate incident will not happen again by using all means possible.” “There [...]
SEOUL, Nov. 4 (Korea Bizwire) – Last weekend, a 100,000 won, or about US$93, iPhone 6 swept Seoul. As soon as the information on its flash sale hit the street, people who have craved for the new Apple phone started waiting in long lines to obtain the much less expensive one. A new law intended [...]
SEOUL, Oct. 29 (Korea Bizwire) – “Going mobile” seems to play increasingly major roles in e-business as a whole. And this trend is especially prominent in e-commerce market, a field in which old and new players are raging fiercer battles for more shares in the lucrative market. GS Shop, GS Home Shopping(GSHS)’s online and mobile [...]
SEOUL, Oct. 26 (Korea Bizwire) – More and more Korean shoppers are turning away from domestic retailers that charge rip-off prices for some items and instead are flocking to foreign online websites for bargains. For example, a housewife in her late 20s said she likes to shop on Japanese and American retail sites even though she is [...]
SEOUL, Oct. 24 (Korea Bizwire) – Nongshim’s Shin-Ramyun and the mega-hit drama “My Love from the Star” were among the masterpieces of Korea selected by the Chinese. The Korea Marketing Association (KMA) announced on October 23 that the list of 42 Korean masterpiece products “mostly loved by the Chinese.” KMA conducted an online survey with 10,768 [...]
SEOUL, Oct. 24 (Korea Bizwire) – LG Household and Healthcare is expected to boost its sales volume by acquiring CNP Cosmetics, a local “cosmeceuticals” firm, even though it failed to win a bid for U.S. cosmetics company Elizabeth Arden. The Korea’s leading cosmetics company announced on October 22 that it signed a 54.2-billion-won agreement to [...]