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Jeju Introduces Electronic Auction for Tangerines

Jeju Introduces Electronic Auction for Tangerines

JEJU, Nov. 15 (Korea Bizwire) – The Jeju Provincial Government announced Tuesday that it will begin operation of an electronic auction platform for the island’s symbolic fruit, tangerines.  In a joint collaboration with Jejusi Nonghyup (a local agricultural cooperative), the system will launch on November 22, offering for sale tangerines with a minimum of 10 [...]

Korean Art Market Revitalized

Korean Art Market Revitalized

SEOUL, July 12 (Korea Bizwire) – After years of downturn, the Korean art market is prospering once again. According to the Asian Art Market 2015 report, last year’s total bids at seven domestic art work auctioneers totaled 189.23 billion won ($165 million). Revenue was close to 2007’s 192.66 billion, which was the most prosperous year [...]

Latest Auction for Collectible Toys Proves Popularity of ‘Kidult’ Items in Korea

Latest Auction for Collectible Toys Proves Popularity of ‘Kidult’ Items in Korea

SEOUL, July 1 (Korea Bizwire) – ‘Kidult’ is a newly-coined term that combines ‘kid’ and ‘adult’, used to refer to adults that pursue memories of their childhood, and the kidult market has established itself as a niche culture in Korea in recent years.  A recent auction event for collectible toys organized by Seoul Auction was [...]

Xiaomi Taking Over Korean Electronics Market

Xiaomi Taking Over Korean Electronics Market

Seoul, July 22 (Korea Bizwire) – Xiaomi (小米), a Chinese electronics company, is growing into a giant in the Korean market despite its humble name, which means ‘millet‘. With positive evaluations that their products perform well despite cheap prices, Xiaomi is dominating the online market as well as offline retailers such as HiMart. In addition, due [...]