SEOUL, Jan. 29 (Korea Bizwire) – Escaping from the bondage of poverty is becoming harder than ever in Korea. The income ladder stands still for households consisting of those who have no ability to work like the elderly and handicapped, or those who do temporary manual jobs, with little possibility of upward mobility. According to [...]
SEJONG, Jan. 29 (Korea Bizwire) — South Korea’s online shopping sales surged 20.1 percent on-year during the fourth quarter of 2014 with stellar growth in purchases through mobile gadgets, a government report showed Thursday. Total transactions during the three month period reached 12.74 trillion won (US$11.73 billion), up from 10.6 trillion won a year earlier [...]
SEOUL, Jan. 29 (Korea Bizwire) – A majority of South Korean companies with plans to expand business in overseas emerging markets this year picked Vietnam as the best target, a survey showed Thursday. Of the 537 local firms polled, 49 percent responded that they have plans to develop their businesses in the Southeast Asian nation this [...]
SEOUL, Jan. 29 (Korea Bizwire) – Samsung Electronics Co., the world’s top smartphone maker, said Thursday its net profit fell 26.7 percent in the fourth quarter of 2014 from a year earlier, dampened by sluggish smartphone sales as its global rivals increased their shares in both the high- and low-end markets. Net income came to [...]
SEOUL, Jan. 28 (Korea Bizwire) – A newborn baby was found buried in a rubbish heap on January 25 in Jeju City, Jeju Island. The baby was not alive when a resident discovered the body, whose umbilical cord had been cut in a careless manner, raising the possibility that an unmarried mother had delivered the [...]
BEIJING, Jan. 28 (Korea Bizwire) – Samsung Electronics Co., once China’s No. 1 smartphone vendor, sold fewer smartphones in China for the fourth quarter of last year than Apple Inc. and local brand Xiaomi Inc., continuing to lose ground in the battle for the world’s largest smartphone market, a market tracker said Wednesday. “The incredible [...]
SEOUL, Jan. 27 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-largest flag carrier, ranked first in passenger transportation for the Gimpo-Jeju Island route for the first time last year thanks to its efforts to expand the number of flights for customers using the most popular air travel itinerary here, industry data showed Tuesday. According [...]
SEOUL, Jan. 27 (Korea Bizwire) – The Chinese remake of the popular South Korean film “Miss Granny” has surpassed 10 million viewers in China, the movie’s South Korean co-producer said Tuesday. Since its release on Jan. 8 in 5,500 theaters across China, the Chinese-language film with the same English title, “Miss Granny,” had been watched by [...]
SEOUL, Jan. 25 (Korea Bizwire) – On January 22, the Korea Development Institute (KDI) stated that it ranked 9th in a survey of global think tanks carried out by the Think Tanks and Civil Societies Program (TTCSP), an affiliate of the University of Pennsylvania. If the United States is included, it ranks 49th. The TTCSP, [...]
SEOUL, Jan. 22 (Korea Bizwire) – Samsung Group’s B2B and B2C affiliate companies have scored favorable responses among consumers in Saudi Arabia. According to recent data, the Seoul-based electronics powerhouse has grabbed the top spot on the BrandIndex Buzz Rankings, an annual brand-perception monitoring report created by market research firm YouGov. Samsung Electronics recorded a [...]