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LG, Samsung Refrigerators Named Most Kid-friendly by Consumer Reports

LG, Samsung Refrigerators Named Most Kid-friendly by Consumer Reports

SEOUL, Apr. 23 (Korea Bizwire) — South Korean-made refrigerators were named among the most kid-friendly fridges by a U.S. consumer advocacy magazine after a survey of parents, companies said Monday. Consumer Reports announced five “Kid-friendly Refrigerators That Please Parents,” a list which includes two models from LG Electronics and one from Samsung Electronics. The two [...]

S. Korea’s Domestic Ramyun Sales Down in 2017: Data

S. Korea’s Domestic Ramyun Sales Down in 2017: Data

SEOUL, Apr. 23 (Korea Bizwire) — Sales of ramyun instant noodles decreased for the first time in three years in 2017 with the overall market size falling after posting steady gains, market data showed Sunday. Industry sources, citing figures released by Nielsen Korea, said total sales of the country’s leading ramyun manufacturers — Nongshim Co., [...]

Demand for Larger TVs Growing in S. Korea

Demand for Larger TVs Growing in S. Korea

SEOUL, Apr. 19 (Korea Bizwire) — The demand for larger television sets has been growing over the past few years in South Korea, industry data showed Thursday, alongside lower average prices. Industry data showed the average size of Samsung Electronics Co.’s TVs sold in the country came to 54 inches last year, up sharply from [...]

POSCO Begins Selection of New Chief as its Chairman Offers to Quit

POSCO Begins Selection of New Chief as its Chairman Offers to Quit

SEOUL, Apr. 18 (Korea Bizwire) — POSCO, the world’s fifth-biggest steelmaker by output, said Wednesday it has begun the process of selecting a new chairman as Kwon Oh-joon offered to step down. Kwon, who has been leading the steelmaker since March 2014, made the announcement during a meeting with the company’s board of directors that [...]

Oxy’s Sales Halve in S. Korea Following Boycott

Oxy’s Sales Halve in S. Korea Following Boycott

SEOUL, Apr. 18 (Korea Bizwire) — Sales by Oxy Reckitt Benckiser, the South Korean unit of British household goods maker Reckitt Benckiser Group PLC, nearly halved over the past two years in the wake of widespread consumer boycotts, industry sources said Wednesday. Local civic groups launched boycotts as the company sold home humidifier sterilizers using [...]