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Home Appliance Makers Compete over MZ Generation

Home Appliance Makers Compete over MZ Generation

SEOUL, Sept. 23 (Korea Bizwire) — Home appliance manufacturers are diversifying their marketing strategies to win the hearts of the new and upcoming MZ generation, born between the 1980s and 2000s. Samsung Electronics Co. appeared on Naver Live Commerce to release and sell the new multifunctional cooking appliance BESPOKE Qooker while its rival LG Electronics [...]

Lodging Businesses Compete to Meet Demand for ‘Pet-cations’

Lodging Businesses Compete to Meet Demand for ‘Pet-cations’

SEOUL, Sept. 23 (Korea Bizwire) — Tourism and accommodation businesses are locked in fierce competition for customers by introducing new facilities and package deals. They are also introducing so-called ‘pet-cation’ packages that allow guests to bring pets to five-star hotels and resorts. Sono Hotels & Resorts currently runs a pet hotel at Vivaldi Park ski [...]

Banking Industry Moves to Ensure Efficient and Cost-effective Branch Operations

Banking Industry Moves to Ensure Efficient and Cost-effective Branch Operations

SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s banking industry is performing a variety of experiments to ensure efficient and cost-effective branch operations, while, at the same time, speeding up the restructuring of branches as a way to promote a digital transformation. KEB Hana Bank and the state-run Korea Development Bank (KDB) joined hands to [...]

Samsung Unveils Chip Production and Distribution Process Videos

Samsung Unveils Chip Production and Distribution Process Videos

SEOUL, Sept. 23 (Korea Bizwire) — Samsung Electronics Co., South Korea’s leading tech firm, unveiled a series of YouTube videos to introduce domestic semiconductor plants as well as to offer a full glimpse of the process of producing and distribution chips. Mainly targeting the “MZ generation,” a Korean term referring to millennials and Generation Z, [...]

Commercial Banks See Non-face-to-face Loans Rise Steadily

Commercial Banks See Non-face-to-face Loans Rise Steadily

SEOUL, Sept. 23 (Korea Bizwire) — The use of non-face-to-face bank loans that can be applied for simply through several clicks online is on a steady rise. The outstanding balance of non-face-to-face loans at the nation’s 18 commercial banks as of the end of June 2021 totaled 111.8 trillion won (US$94.4 billion), an almost threefold [...]

S. Korea Planning 23 bln-won Aid Project for War-torn Afghanistan

S. Korea Planning 23 bln-won Aid Project for War-torn Afghanistan

SEOUL, Sept. 22 (Korea Bizwire) — South Korea is planning to spend about 23.2 billion won (US$19.5 million) in next year’s official development assistance (ODA) projects for war-torn Afghanistan, a document showed Wednesday. The Office for Government Policy Coordination under the Prime Minister’s Office said in the document submitted to Rep. Tae Young-ho of the [...]

Imports of Cats, Dogs Double in 2 yrs amid Pandemic-driven Stay-at-home Mode

Imports of Cats, Dogs Double in 2 yrs amid Pandemic-driven Stay-at-home Mode

INCHEON, Sept. 22 (Korea Bizwire) — South Korea has imported twice as many cats and dogs this year compared with two years ago as people spend more time at home amid the protracted COVID-19 pandemic, customs data showed Wednesday. According to the data by the regional customs office in Incheon, a main gateway for trade [...]