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Tesla Leads Imported EV Sales in S. Korea

Tesla Leads Imported EV Sales in S. Korea

SEOUL, May 26 (Korea Bizwire) — While sales of imported cars, led by U.S. electric carmaker Tesla Motors Inc.’s Model 3, have jumped, Korean-made electric vehicles (EVs) are being sidelined. The Korea Automobile Manufacturers Association and Korea Automobile Importers & Distributors Association reported a 40.1 percent increase in EV sales between January and April compared [...]

Starbucks, Hollys Summer Giveaway Promotions Under Fire

Starbucks, Hollys Summer Giveaway Promotions Under Fire

SEOUL, May 26 (Korea Bizewire) — A series of giveaway promotions from coffeehouse chains for the summer season have become a hot topic. However, as the free gifts given as a part of the customer appreciation promotions have become popular, pressure that customers feel to buy the products is getting worse. Some point out that [...]

Amid Growing IPO Rumblings, Big Hit Shifts Away from Heavy Reliance on BTS

Amid Growing IPO Rumblings, Big Hit Shifts Away from Heavy Reliance on BTS

SEOUL, May 26 (Korea Bizewire) — K-pop mega group BTS are undoubtedly a huge financial blessing for their record label-management agency Big Hit Entertainment. Thanks to the septet’s smash hit album “Map Of The Soul: Persona” and sellout concerts worldwide, Big Hit posted record sales of 587.2 billion won (US$472.2 million) in fiscal year 2019, [...]

Opinions Mixed on Impact of Blue Bottle on S. Korean Coffee Market

Opinions Mixed on Impact of Blue Bottle on S. Korean Coffee Market

SEOUL, May 25 (Korea Bizwire) – A year has passed since South Korea’s first Blue Bottle Coffee shop opened in Seoul’s eastern Seongsu neighborhood – a trendy hangout spot where young artists and designers renovated existing buildings into art spaces, fine restaurants and cafes to woo customers. What impact has this American coffee freanchise had [...]

S. Korea Sends Protective Masks to French Veterans of Korean War

S. Korea Sends Protective Masks to French Veterans of Korean War

SEOUL, May 25 (Korea Bizwire) — Paul Laurent, a resident of the small city of Agneaux, located in northwestern Normandy, France, was pleasantly surprised when he opened his mailbox recently. In the mailbox was a parcel containing protective masks sent from the South Korean Embassy in France. “The South Korean government deeply cares for the [...]

Uniqlo Withdraws GU Brand from S. Korea Following Boycott

Uniqlo Withdraws GU Brand from S. Korea Following Boycott

SEOUL, May 25 (Korea Bizwire) — Uniqlo’s budget brand GU, which has been hit hard by the coronavirus pandemic and a boycott of Japan in place since last summer, will withdraw from South Korea. FRL Korea Co., an operator of Uniqlo Korea, recently announced that GU will stop operating offline stores in the country around [...]