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 [...]
SEOUL, June 17 (Korea Bizwire) – The first Korean radio, which was manufactured 57 years ago, is heading to auction. Kobay, an auction company for cultural arts, revealed Thursday that a 1959 radio, model A-501 developed by Goldstar, was submitted for an upcoming auction on June 22, which will take place at 3 p.m. at [...]
MERRIMACK, N.H., Nov. 13, 2015 (Korea Bizwire) — GT Advanced Technologies Inc. (OTC:GTATQ), today announced that, on November 22-23, 2015, it will conduct an auction of certain of its ASF sapphire growth furnaces currently located in Mesa, Arizona, as well as a number of new furnaces in Hong Kong. GT will retain the intellectual property [...]
SEOUL, Aug. 10 (Korea Bizwire) – Under the current market conditions, attention is concentrated on profitable real estate. Due to continued low interest rates, the auction price ratio of business and commercial properties at court auctions exceeded 70 percent for the first time in nine years. The number of bids also reached an all time [...]
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 [...]
Seoul, July 21 (Korea Bizwire) – The Cultural Heritage Administration has announced that they will be opening Gyeongbokgung Palace and Changgyeonggung Palace at night from August 11 to August 28. The special opening hours will be from 7:30 p.m. to 10 p.m., and visitors should enter before 9 p.m. The National Palace Museum of Korea, located inside Gyeongbokgung [...]
SEOUL, May 1 (Korea Bizwire) — As seniors parenting their grandchildren are growing in number, they have become a power customer group in the Korean toy market. Leading up to Children’s Day on May 5, the Auction online shopping site said that toy sales between April 14 and 27 from customers over fifty increased 70 [...]
SEOUL, April 6 (Korea Bizwire) — The total trade volume of online retailers for 2014 surpassed that of large retail stores and department stores for the first time, said Statistics Korea on April 5. Although the overall trade volume through Korean online businesses stood at 45.24 trillion won (US$ 41.62 billion), which is slightly lower [...]
SEOUL, March 24 (Korea Bizwire) — Imported car owners in their twenties are increasingly fixing their own cars amidst a growing controversy over car importers overpricing imported car parts and repair costs. According to the online retailer Auction, the sales of imported car parts through the website from February 19 to March 18 increased 32 [...]
SEOUL, Jan. 15 (Korea Bizwire) — WeMakePrice, a Korean social commerce company, is suffering a major setback from a decrease in sales, web traffic and online subscribers, thought to be caused by the recent controversy over the company’s firing and re-hiring of 11 merchandising assistants. According to a weekly report by Nielsen Korea on January 14, the [...]