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[In-depth] Top Ten Fashion Trends in 2014 Selected by the Korea Fashion Association

[In-depth] Top Ten Fashion Trends in 2014 Selected by the Korea Fashion Association

One of the top ten trends prominent in the Korean fashion industry was a new phase of evolvement of the fashion business. Nonagon brand, a brainchild created from the marriage between YG Entertainment and Cheil Industries was an exemplary case for that matter. (image: YG Entertainment) SEOUL, Dec. 6 (Korea Bizwire) – At the end [...]

[In-depth] Renault Samsung’s Twingo Won’t Land in Korea due to Regulation

[In-depth] Renault Samsung’s Twingo Won’t Land in Korea due to Regulation

SEOUL, Nov. 25 (Korea Bizwire) — Due to a difference of 4 centimeters in width, the Twingo, the popular city car model manufactured by Renault, will not land in Korea. Renault Samsung Motors said recently that it won’t be able to import the light car model because of incongruity with Korea’s light car regulation. Currently the Korean government defines [...]

[In-depth] “KakaoTalk Real Estate” Creates Shock Wave in Real Estate Market

[In-depth] “KakaoTalk Real Estate” Creates Shock Wave in Real Estate Market

SEOUL, Nov. 17 (Korea Bizwire) — A business model called “KakaoTalk Real Estate” is attracting keen interest among real estate industry participants as it is offered much lower rates than currently charged by agents. Amid a controversy following an announcement by the government that it would force the current brokerage commissions to be cut by [...]

[In-depth] SK Group Announces Blueprint to Transform Daejeon into a Silicon Valley

[In-depth] SK Group Announces Blueprint to Transform Daejeon into a Silicon Valley

SEOUL, Oct. 12 (Korea Bizwire) – SK Group will invest more than 90 billion won (US$83.8 million) in the cities of Daejeon and Sejong to transform the areas into a Silicon Valley-like tech hotbed. The group announced its plan on October 10 in a ceremony to launch the Daejeon Creative Economy Innovation Center in which the President [...]

Korean Retailers Ready to Welcome Chinese Travelers during Chinese National Day

Korean Retailers Ready to Welcome Chinese Travelers during Chinese National Day

SEOUL, Sep. 16 (Korea Bizwire) – The Korea National Tourism Organization announced on September 14 that it expected more than 160,000 Chinese travelers would visit Korea during the Chinese National Day from October 1 through 7, which is 35 percent up from 118,000 visitors last year. The number of Chinese tourists to Korea from January [...]

[In-depth] Korean People Who Prefer Cremation to Traditional Burial Increasing

[In-depth] Korean People Who Prefer Cremation to Traditional Burial Increasing

SEOUL, Sep. 13 (Korea Bizwire) - Korean people traditionally have their deceased family member buried at a plot right after a three-day funeral service. The rest of the family members make a grave for him or her in their family burial ground, usually located in their home town or countryside. The place where their loved [...]