SEOUL, May 14 (Korea Bizwire) – Samchuly Bicycle Co. and Alton Sports Co., the two leading bicycle makers in Korea, are moving in opposite directions for expanding their markets. The nation’s No. 1 bicycle supplier Samchuly is focusing almost exclusively in the domestic market while Alton is busy developing the Chinese market following the Japanese one. According [...]
SEOUL, May 14 (Korea Bizwire) – The sales of a beverage product named “Six Walnut” have doubled for five years in a row. Launched in 2005 by a beverage maker Hebei Yangyuan, Six Walnut is expected to break the 10 billion yuan (US$1.6 billion) level in sales this year, following 6 billion yuan in 2012. The first-year [...]
SEOUL, May 13 (Korea Bizwire) – Imported cigarette brands have been doing badly for the past few years. That’s largely because of higher prices set above those of home-made brands, combined with the widespread no-smoking trend. According to the Korea Smokers Association and convenience store industry sources, the total number of cigarettes sold last year was [...]
SEOUL, May 13 (Korea Bizwire) – It is a general rule in economics that the supply of a good rises (or the demand for a good falls) the price tends to decline. When it comes to pork belly prices, however, the reverse holds true. The number of hogs slaughtered recently is higher than usual, with a [...]
SEOUL, May 13 (Korea Bizwire) – A pop-up store seems to be the latest obsession of Korea’s fashion industry. Not only does a pop-up store provide an easy access to the latest trends to the fashion-conscious but also it can represent the brand image in a short period of time. Shoe maker Caterpillar by fashion [...]
SEOUL, May 11 (Korea Bizwire) – As Korea’s three main mobile telecommunications service providers have been under suspension taking turns, the budget phone industry is benefiting from the misfortune of the giants. While the three companies are stuck in playing a zero-sum game, budget phone industry has leapfrogged as another axis in the domestic mobile telecom market. [...]
SEOUL, May 7 (Korea Bizwire) – As the number of fathers in their 30s and 40s who are actively involved in child rearing rises, children’s goods makers and retailers are paying keen attention to their consumption habits. These fathers are called “alpha daddies” in Korea who are highly interested in child care and education while fully capable [...]
SEOUL, May 3 (Korea Bizwire) – Naver, Korea’s largest search portal with more than 70 percent of the market, will close its open market “ShopN” in response to public criticism and a controversy following a Fair Trade Commission investigation on the company. It has been two years since Naver established ShopN in 2012. Naver said [...]
SEOUL, May 3 (Korea Bizwire) – As suburban outlet operators are branching out into the city, the market is growing fast. To keep up with such a trend, Hyundai Department Store Group has recently stepped into the urban outlet market. On May 1, Hyundai Department Store announced that it would open a Hyundai Outlet branch [...]
SEOUL, Korea, May 2, 2014 (Korea Bizwire) – Samsung Electronics has expanded its ultra-high definition (UHD) TV line-ups from premium products including curved UHD TV to low-cost mass-market models. The world’s No. 1 TV manufacturer recently rolled out low-cost UHD TV models like HU7000 series of 40/50/55-inch products to rule the UHD TV market. The [...]