SEOUL, Oct. 24 (Korea Bizwire) – YG Entertainment, one of Korea’s top three talent agencies, is expanding its business portfolio into cosmetics just after a month of its launch of a fashion brand. On October 22, YG Entertainment opened its flagship store of cosmetics brand “Moonshot” in Samcheong-dong in northern Seoul, which is famous for numerous [...]
SEOUL, Oct. 21 (Korea Bizwire) – Samsung Electronics and LG Electronics, the two pillars of Korea’s electronics industry, have displayed state-of-the-art communications technology and smart items at the World IT Show 2014, the trade show being held at Busan’s BEXCO Exhibition & Convention Center for four days between October 20 and 23. Samsung set up a large booth [...]
SEOUL, Oct. 19 (Korea Bizwire) – E-Mart, Korea’s largest discount store retailer, will launch a new clothing brand “Daiz Sports” in the fall season. The company started the brand “Daiz” in 2010 with clothing lines for children, infants, and golfers. With the latest addition of the sports line, E-Mart expects to offer full lines of [...]
SEOUL, Oct. 17 (Korea Bizwire) – Korean e-commerce market is continually evolving. As the nation’s B2C e-commerce market appears saturated, major players are beginning to eye B2B market and in particular, a chance to tap maintenance, repair, operations (MROs) for SMEs which is estimated to be valued at about 25 trillion won — in terms of MROs [...]
SEOUL, Oct. 16 (Korea Bizwire) – Miranda Kerr, Australia-born supermodel, made her fifth visit to Korea and this time she became one-day shopping host and special model for a Korean home shopping TV. Kerr, former world famous lingerie brand Victoria’s Secret model, showed off her fabulous figure in Wonderbra lingerie at GS Shop, the Korean TV home [...]
SEOUL, Oct. 16 (Korea Bizwire) — Hotel Shilla won a tender for operating its duty-free chain in Macau International Airport, following Singapore’s Changi Airport. The Seoul-based hotel announced on October 14 that it would run the duty-free business in the airport in Macau in cooperation with Hong Kong-based Sky Connection starting on November 7. Both companies [...]
SEOUL, Oct. 14 (Korea Bizwire) — The cost of mobile devices in South Korea is most expensive, ranking No. 1 among OECD countries. Congressman Mun Byeong-ho said that, based on data submitted by the Ministry of Science, ICT and Future Planning, the average cost of cellular phone handsets in Korea took the first place in [...]
Major investment adds AOS Group, a market leading commercial real estate and workplace consulting firm with offices in France, Belgium, Spain, Morocco, UK, Netherlands and Switzerland. TORONTO and PARIS, Oct. 9 (Korea Bizwire) — FirstService Corporation (Nasdaq:FSRV) (TSX:FSV) announced today that its subsidiary, Colliers International (“Colliers”) has acquired a controlling interest in AOS Group [...]
SEOUL, Oct. 9 (Korea Bizwire) — Traditional markets are forced into a corner across the world as new giants have increasingly dominated the grocery industry. The Huffington Post reported on October 6 that some grocery giants such as Walmart, Costco and Whole Foods are slowly killing traditional supermarkets including Kroger, Safeway and Publix. According to the [...]
SEOUL, Oct. 8 (Korea Bizwire) – As the permissible level for parabens on toothpastes for children has turned out to be much higher than that for other products including wet tissues for oral cleaning, many people are showing increasing concerns about any harmful effect from it and asking to lower the level. According to a report released by Kim Yong-ik, a [...]