Auction Archives | Be Korea-savvy
Aekyung, HDC Seen as Front-runners in Race to Take Over Asiana Airlines

Aekyung, HDC Seen as Front-runners in Race to Take Over Asiana Airlines

SEOUL, Nov. 5 (Korea Bizwire) — Two consortia led by cosmetics-to-airline conglomerate Aekyung Group and construction firm Hyundai Development Co. (HDC) will be major competitors in the final auction for a stake in Asiana Airlines Inc., industry sources said Tuesday. A 31 percent stake in Asiana Airlines has been up for sale, and lead manager [...]

4 Bidders Shortlisted in Asiana Airlines Deal

4 Bidders Shortlisted in Asiana Airlines Deal

SEOUL, Sept. 11 (Korea Bizwire) — Four South Korean bidders have made the shortlist in an auction to acquire Asiana Airlines Inc., the country’s second-biggest full-service carrier, industry sources said Wednesday. Cosmetics-to-airline conglomerate Aekyung Group, a consortium formed by Hyundai Development Co. and Mirae Asset Daewoo, another consortium led by local activist fund Korea Corporate [...]

Increasing Number of Homeowners Put Residences Up for Auction

Increasing Number of Homeowners Put Residences Up for Auction

SEOUL, Jun. 11 (Korea Bizwire) — The average number of home auctions throughout South Korea has surpassed 5,000 cases over the last two months. According to GG Auction, a South Korean court auction firm, the number of auctions of residences throughout the entire country reached 5,261 cases last month, surpassing 5,000 for the second month [...]

Women in their 20s and 30s Core Customers of Traditional Liquors

Women in their 20s and 30s Core Customers of Traditional Liquors

SEOUL, Feb. 6 (Korea Bizwire) — Recent market analysis has revealed that women in their 20s and 30s comprise nearly half the consumer base for Korean traditional alcoholic beverages. From July to December (2017), women between the ages of 20 and 39 were responsible for 49.7 percent of online traditional liquor sales (9.7 percent by [...]

Black Friday Looms Large for Overseas Direct Purchase Firms and Local Retailers

Black Friday Looms Large for Overseas Direct Purchase Firms and Local Retailers

SEOUL, Nov. 21 (Korea Bizwire) – As November 24 or “Black Friday” inches closer, local retailers are rolling out limited time discounts in what is expected to be a boom year for overseas direct purchases.  Overseas direct purchasing companies enable customers to procure goods at local prices and have their products shipped directly to their [...]

Seafood Off-Cuts Offer Value to Savvy Shoppers

Seafood Off-Cuts Offer Value to Savvy Shoppers

SEOUL, Jul. 19 (Korea Bizwire) — As South Korea’s economic slump continues to take its toll on consumers, and with the price of seafood on a steady rise, off-cuts of seafood that have been widely ignored by the public such as salmon head and squid mouth are becoming increasingly popular. According to data released by online [...]