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Convenience Stores’ Sales Soar as S. Korea Kicks Off World Cup Campaign

Convenience Stores’ Sales Soar as S. Korea Kicks Off World Cup Campaign

SEOUL, Jun. 19 (Korea Bizwire) — Local convenience stores saw their sales jump as tens of thousands of South Koreans took to the streets to cheer on their national football team in the first game of its World Cup campaign, retailers here said Tuesday. BGF Retail Co., the operator of the country’s largest convenience store [...]

CJ CGV to Open 100 ScreenX Theaters with Cineworld Deal

CJ CGV to Open 100 ScreenX Theaters with Cineworld Deal

SEOUL, Jun. 14 (Korea Bizwire) — CJ CGV has signed a deal with Cineworld, the world’s second-largest cinema chain, to open 100 more ScreenX locations across the world, the largest South Korean cinema chain said Thursday. The deal was signed at the CineEurope 2018 event in Barcelona, Spain, on Wednesday (local time). Developed with South [...]

Forest Service Teams Up with Towns, Social Enterprises

Forest Service Teams Up with Towns, Social Enterprises

DAEJEON, Jun. 8 (Korea Bizwire) – The Korea Forest Service (KFS) will be pushing ahead with plans to foster local towns and social enterprises that take advantage of forest products. The KFS revealed today that it will support 18 community and social enterprises this year, expanding the figure to include 212 enterprises by 2022. According [...]

Ministry to Implement Payment System for Small Businesses

Ministry to Implement Payment System for Small Businesses

SEOUL, Jun. 7 (Korea Bizwire) — A new payment system will be implemented aimed at addressing one of the top difficulties small businesses face, payment processing charges. Hong Jong-hak, the minister of SMEs and Startups, stated at a gathering relating to the issue today that an innovative payment system is needed to relieve small businesses [...]

Samsung’s Creative Lab Supports Three More Startups

Samsung’s Creative Lab Supports Three More Startups

SEOUL, Jun. 7 (Korea Bizwire) — Samsung Electronics revealed yesterday that it had selected three startups developed internally and discovered through “Creative Lab,” a program developed to nurture internal startups. With the three additional startups, the total number of startups supported by Samsung’s Creative Lab totals 34. The newly selected startups are Agwart, Catch Flow [...]

Electric Vehicles’ Share Increases in S. Korean Car Market

Electric Vehicles’ Share Increases in S. Korean Car Market

SEOUL, Jun. 6 (Korea Bizwire) – The share of electric vehicles (EV) in the sales of eco-friendly vehicles in South Korea has surpassed 20 percent for the first time this year on the back of a wide range of lineups and improved charging infrastructure, industry data showed Wednesday. A total of 5,542 EVs were sold [...]