SEOUL, May 31 (Korea Bizwire) – Data revealed that a cattle farmer takes an average of 573,000-won loss for every bull he raises. According to a report “2013 Livestock Production Cost Survey” published by the National Statistical Office on May 30, the total cost of raising a beef cow was 6,509,000 won as of 2013. In contrast, [...]
SEOUL, May 30 (Korea Bizwire) – CJ O Shopping plans to spur its home shopping business in India through partnership with a global private equity fund of US$40 billion. Star CJ, CJ’s home shopping subsidiary in India in cooperation with STAR TV, signed a new partnership deal with U.S.-based private equity fund Providence Equity Partners [...]
SEOUL, May 29 (Korea Bizwire) – What do you do when you can’t decide between vanilla and chocolate? Or pepperoni and Hawaiian, for that matter? Luckily, now you can have mixed cones and split-up pizzas for that, but certainly there are moments in life where you wish you don’t have to make such “difficult” decisions. [...]
SEOUL, May 28 (Korea Bizwire) – A recent survey showed that the stagnation in consumption in the private sector comes from the anxiety over the life after retirement. Because of the longer life expectancy and shortening working period, younger generations are reluctant to spend now in preparation for their future. According to a Korea Development [...]
SEOUL, May 22 (Korea Bizwire) – The Fair Trade Commission will abolish all 18 regulatory guidelines that may restrict business activities until the end of the third quarter, at which time new bakeries can be set up within the distance of 500 meters from an existing one. On May 21, the competition authorities said that its “recommendations” [...]
SEOUL, May 22 (Korea Bizwire) – Recently, the International Copper Association donated some medical products made of antimicrobial copper to the Yonsei Childhood Cancer Center in the Severance Hospital Shinchon. The antimicrobial copper is an alloy of more than 65 percent of copper which shows strong sterilizing power against the harmful microbes like super bacteria [...]
SEOUL, May 21 (Korea Bizwire) – Amid growing purchasing influence of Chinese tourists in the Korean market, the transaction systems of online shopping malls are becoming more and more Chinese-friendly. Lotte.com, Korea’s online shopping mall, announced on May 20 that it has developed a payment system for Chinese customers in cooperation with “Alipay,” a Chinese [...]
SEOUL, May 21 (Korea Bizwire) – A mobile-video media commerce selling beauty products at the lowest prices will be soon launched in June. “Women’s Talk,” Korea’s first media commerce service, will begin its first broadcasting on June 9 in which celebrities introduce new beauty brands and give out beauty tips and know-how from midnight every [...]
![[Feature] Korea’s Book Publishing Industry in Dire Predicament](http://koreabizwire.com/wp/wp-content/uploads/2014/05/28273261_m-800x532.jpg "[Feature] Korea’s Book Publishing Industry in Dire Predicament")
SEOUL, May 18 (Korea Bizwire) – Why boys are turning to online games rather than spending time with books? As with this question, boys are increasingly attracted to “masculine” features of games at the expense of “feminine” book-reading time; Boys are being deterred from reading because the “gatekeepers” to children’s literature are mainly women, argues Jonathan [...]
SEOUL, May 17 (Korea Bizwire) – Korea’s mom and pop grocery stores begin adopting “weather risk management” systems which employ demand-prediction marketing tools depending on weather variables, joining the growing trend of “going big data” among the mainly IT industries. As opposed to conglomerates and big convenient store chains, which have been following the trend and [...]