SEOUL, Aug. 16 (Korea Bizwire) – Hiking is one of the most popular leisure activities in Korea, primarily among older men and women, with almost 50 percent of those in their 50s and above visiting a mountain at least once a month (2015). Yet, the number of young Koreans following in their elders’ footsteps has [...]
SEOUL, Aug. 10 (Korea Bizwire) – Sometimes we want to stay blind to what’s in the food, drinks, and other products like cosmetics that we consume or use on a daily basis. And perhaps to shatter some of this illusion, Korea’s Rural Development Administration (RDA) has just succeeded in commercializing cosmetics using an antibiotic substance [...]
SEOUL, Aug. 2 (Korea Bizwire) – The Summer Olympics is just three days away, and amid the Zika scare that still lingers among athletes and visiting sports fans, South Korea’s mosquito-proof uniforms are attracting foreign media attention. CNN introduced the uniforms Monday, commenting that “South Korea is taking precautions to protect its athletes at the [...]
SEOUL, July 25 (Korea Bizwire) – CLIO, a Korean cosmetics maker, revealed Monday that it had successfully secured a $50 million investment from L Capital Asia, a private equity fund formed in 2009 by LVMH (Moet Hennessy Louis Vuitton). This marks the fund’s second venture with a Korean enterprise following its investment in YG Entertainment [...]
SEOUL, July 14 (Korea Bizwire) – Buying consumer products is not like buying a house. The moment you make a purchase the product’s value deteriorates, which is why rental services may be the next big consumption trend. Rental or lease services for high-cost goods such as laptops and automobiles have already become prevalent. For the [...]
SEOUL, July 5 (Korea Bizwire) – A local civic group launched a campaign to incorporate “hanbok” into daily life Tuesday, proposing that the traditional Korean attire be worn to schools and workplaces once every month. The nongovernmental organization Voluntary Agency Network of Korea (VANK) said it will start sending emails to schools and companies to [...]
SEOUL, July 4 (Korea Bizwire) – South Korea’s apparel firm Kolon Fashion Material Co. said Monday that it will provide “mosquito-free” uniforms to the country’s athletes participating in the Rio de Janeiro Summer Olympics. The so-called “MOS-LOCK” will be made out of fabric that is equipped with repellent that keeps mosquitoes carrying the Zika virus [...]
SEOUL, July 4 (Korea Bizwire) – K-pop, K-drama, K-beauty, K-fashion…the list goes on. But the latest K-trend that is showing significant growth is ‘K-jewelry’. According to Lotte Duty Free on July 3, Q2 sales of domestic jewelry brands at its duty free stores across Korea increased by 80 percent compared to Q2 2015. It’s a [...]
SEOUL, June 24 (Korea Bizwire) – South Korean fashion giant Sungjoo Corp., which owns and runs German luxury bag brand MCM, on Friday said it will adopt the latest technology to create an innovative fashion code and lead the new luxury trend. “We will combine technology and fashion to create the new framework in the luxury market,” [...]
SEOUL, June 14 (Korea Bizwire) – Shinsegae Group’s integrated online shopping mall, SSG.com, announced Tuesday the launch of H.M SON, a new brand named after top Korean soccer star Son Heung-min. The brand title H.M SON was taken directly from the Tottenham striker’s English initials, and the brand’s logo was inspired by the pentagons on soccer [...]