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Sluggish iPhone X Sales Rumors Hurting Earnings Forecast for Parts Suppliers

Sluggish iPhone X Sales Rumors Hurting Earnings Forecast for Parts Suppliers

SEOUL, Jan. 29 (Korea Bizwire) — Sluggish iPhone X sales rumors are adversely affecting earnings forecasts for South Korean electronic parts suppliers, market watchers said Sunday. Local stock market and industry watchers said earnings estimates for chipmakers SK hynix Inc. and Samsung Display, as well as LG Display and LG Innotek, have been downgraded for [...]

Rate Hikes Can Cause Heavily Indebted Households to Cut Back on Spending: Report

Rate Hikes Can Cause Heavily Indebted Households to Cut Back on Spending: Report

SEOUL, Dec. 29 (Korea Bizwire) — A country with high household debt that raises key interest rates can be affected by a drop in total demand and consumption, a report said Friday. “We’ve found that key interest rate hikes have a great impact on the economic adjustment in a country which has a high degree [...]

Luxury Restaurants, Hotel Buffets Fully Booked for Year-end Holidays: Sources

Luxury Restaurants, Hotel Buffets Fully Booked for Year-end Holidays: Sources

SEOUL, Dec. 21 (Korea Bizwire) — Most luxury restaurants and buffet restaurants at major hotels in Seoul have almost been fully booked for Christmas and year-end holidays, industry sources said Thursday. Viking’s Wharf, a lobster buffet restaurant chain, said it has completed accepting reservations for tables at its outlets in Jamsil and Yeouido for the [...]

S. Korean Washers Popular in U.S. Despite Trade Row

S. Korean Washers Popular in U.S. Despite Trade Row

SEOUL, Dec. 15 (Korea Bizwire) — South Korean washers are receiving top-notch reviews from U.S. tech evaluators, industry watchers said Friday, amid actions being taken by Washington’s trade watchdog to slap tariffs on some products. U.S.-based industry tracker Reviewed said in its latest report that LG Electronics Inc.’s washer with the model name LG WM9000HVA [...]

S. Korean Retailers Rev up Push to Expand Cashierless Stores

S. Korean Retailers Rev up Push to Expand Cashierless Stores

SEOUL, Dec. 1 (Korea Bizwire) — Just past noon on a recent Monday, a 30-something woman entered a small brick-and-mortar shop in the heart of Seoul, the kind of commonly seen convenience store in South Korea that sells a little bit of everything. Except, it was locked until the shopper tagged her credit card on [...]

Soda More Popular than Coffee among S. Koreans: Survey

Soda More Popular than Coffee among S. Koreans: Survey

SEOUL, Sept. 27 (Korea Bizwire) — Soft drinks are the most popular drink consumed by South Koreans, followed by coffee, a survey showed Wednesday. The survey of 500 people conducted by the Ministry of Agriculture, Food and Rural Affairs revealed 26.8 percent picked soda as their most favored drink, trailed by coffee at 17.6 percent. [...]

Young People’s Auto Purchase Dips on Budget, Car Sharing: Data

Young People’s Auto Purchase Dips on Budget, Car Sharing: Data

SEOUL, Sept. 14 (Korea Bizwire) — Young people in their 20s and 30s here have been buying fewer cars in recent years as they have difficulty finding jobs and car-sharing services here are more appealing to them, industry data showed Thursday. Those in their 30s bought a total of 144,360 vehicles in the first six [...]

LG OLED TV Wins Positive Responses in U.S., Europe

LG OLED TV Wins Positive Responses in U.S., Europe

SEOUL, Sept. 11 (Korea Bizwire) — LG Electronics Inc.’s high-end organic light-emitting diode (OLED) TV products have won positive responses from American and European consumer magazines, industry sources said Monday. The LG OLEDB7V model, a 65-inch OLED UHD TV, made by the South Korean home appliance giant has topped evaluations conducted by leading consumer magazines [...]