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Helping Foreign Workers to Resettle in Home Countries Can Prevent Illegal Stay: Study

Helping Foreign Workers to Resettle in Home Countries Can Prevent Illegal Stay: Study

SEOUL, Jan. 13 (Korea Bizwire) — A recent study claimed that the introduction of a program designed to support migrant workers who have returned to their home countries will help prevent foreigners from staying in South Korea illegally. Kim Yeon-hong, a departmental head at the Human Resources Development Service of Korea, said that out of [...]

Retailers’ In-house Brand Products Gain Popularity as Inflation Rises

Retailers’ In-house Brand Products Gain Popularity as Inflation Rises

SEOUL, Jan. 13 (Korea Bizwire) — With inflation picking up, the popularity of private-brand (PB) products developed in-house by large discount stores, convenience store chains and online malls is rising at a rapid pace. PB products, in general, minimize logistics and advertising costs, and are thereby usually cheaper than other products made by big-name companies. [...]

Consumers Hoard Coupons as Starbucks Prepares for Price Hike

Consumers Hoard Coupons as Starbucks Prepares for Price Hike

SEOUL, Jan. 12 (Korea Bizwire) — With Starbucks preparing to raise drink prices, consumers are scrambling to ‘hoard’ Starbucks drink coupons. As of Tuesday, KakaoTalk mobile messenger gift shop’s bestseller list in the ‘coupons’ section showed that the top 15 items, except for third and 15th place, were Starbucks coupons. Since Starbucks coupons are valid [...]

Effects of Social Distancing Measures Dwindling: Study

Effects of Social Distancing Measures Dwindling: Study

SEOUL, Jan. 11 (Korea Bizwire) — As the COVID-19 pandemic continues to drag on, the effects of various non-medical virus mitigation measures such as mask-wearing or social distancing are slowly dimming. A research team from Chung-Ang University Hospital compared the epidemiological data and the timing of the introduction of various non-medical measures between COVID-19 and [...]

Fashion Companies Join Competition over Premium Perfume

Fashion Companies Join Competition over Premium Perfume

SEOUL, Jan. 11 (Korea Bizwire) — South Korea’s fashion companies are jumping into making premium perfumes, driving head-on towards fierce competition. Handsome Corp., an affiliate of Hyundai Department Store Group, plans to open up a Liquides Perfume Bar in South Korea, an all-brand store for niche perfumes from France. The store plans to introduce some [...]

Hyundai Engineering Wins U.S. Plant Deal to Build Micro Modular Nuclear Reactors

Hyundai Engineering Wins U.S. Plant Deal to Build Micro Modular Nuclear Reactors

SEOUL, Jan. 11 (Korea Bizwire) — Hyundai Engineering Co., a plant engineering affiliate of Hyundai Motor Group, said Tuesday it has secured a deal to construct micro modular nuclear reactors (MMR) for a U.S. developer of the next-generation nuclear energy. Hyundai Engineering said it has agreed to invest US$30 million in Ultra Safe Nuclear Corporation [...]

Samsung to Offer Trade-in Credit Even for Used LG Products

Samsung to Offer Trade-in Credit Even for Used LG Products

SEOUL, Jan. 11 (Korea Bizwire) — Samsung Electronics Co. plans to expand the range of trade-in benefits (compensation for used products) from smartphones towards the entire spectrum of Galaxy products, including smartwatches and notebook PCs. The tech giant expanded the scope of the trade-in program that it has implemented for the Galaxy Book Pro laptop, [...]