competition Archives | Be Korea-savvy
Lotte Duty Free Bolsters Overseas Biz amid Fierce Competition at Home

Lotte Duty Free Bolsters Overseas Biz amid Fierce Competition at Home

SEOUL, Jul. 11 (Korea Bizwire) — South Korea’s No. 1 duty-free shop Lotte Duty Free is ramping up efforts to expand its presence in the global market in the face of fierce competition at home, industry sources said Wednesday. The duty-free chain, operated by Hotel Lotte Co., opened a new airport outlet in Nha Trang, [...]

Survey Shows Profitability of S. Korean Food Service Firms Abroad Fell Last Year

Survey Shows Profitability of S. Korean Food Service Firms Abroad Fell Last Year

SEOUL, May 30 (Korea Bizwire) — The number of South Korean food service firms in foreign countries rose 2.7 percent in 2017 from a year earlier, but their profitability deteriorated sharply due mainly to stiffer competition, a survey showed Wednesday. The survey released by the Korea Foodservice Industry Research Institute showed that 193 South Korean [...]

Tech Giants Cut Costs of Premium TVs amid Escalating Competition

Tech Giants Cut Costs of Premium TVs amid Escalating Competition

SEOUL, Mar. 29 (Korea Bizwire) — Global tech manufactures have been cutting costs of premium televisions recently amid the escalating competition in the global market, industry watchers said Thursday. Samsung Electronics Co., which has been promoting QLED TVs, reduced the price of its 55-inch QLED TV, the QN55Q7FN, to US$1,900, down 24 percent from $2,500. [...]

Makeup Competition Kicks Off at KINTEX

Makeup Competition Kicks Off at KINTEX

GOYANG, South Korea, Sept. 29 (Korea Bizwire) – The 2016 Craftsmanship Competition for Small Businesses showcased on Thursday the 2nd International Makeup Competition, featuring amateur and professional make-up artists from both Korea and overseas.  Taking place at Goyang’s KINTEX (Korea International Exhibition & Convention Center), the contestants were highlighted in eight different categories – Wedding, [...]

Int’l Martial Arts Event to Kick off in Sept.

Int’l Martial Arts Event to Kick off in Sept.

CHEONGJU, South Korea, Aug. 17 (Korea Bizwire) – An international martial arts competition will kick off in central South Korea early next month, bringing together some 2,000 fighters and officials from across the world, organizers said Wednesday.  The inaugural World Martial Arts Masterships (http://www.2016martial-arts.kr) will be staged from Sept. 2-8 in the city of Cheongju, [...]