SEOUL, Nov. 29 (Korea Bizwire) — Competition is heating up among South Korean e-commerce operators to get the upper hand in the market. Regardless of losses, they are making aggressive investments while focusing on increasing their market share. Investment has primarily focused on logistics centers and marketing. E-commerce giant Coupang Inc., which recently raised funds [...]
SEOUL, Aug. 23 (Korea Bizwire) — The Korea Chamber of Commerce and Industry (KCCI), the country’s leading business lobby group, announced that a national development project competition will air on broadcaster SBS on Aug. 29. Titled the ‘Korea Idea League,’ the program invites private enterprises to come up with various projects for national development. The [...]
SEOUL, Aug. 5 (Korea Bizwire) — To become a winner in the future insurance market, traditional insurance companies and big tech firms are competing fiercely with a focus on dominating the service ecosystem in the health and mobility areas. In a report released on Wednesday, the Korea Insurance Research Institute said that the competitive edge [...]
SEOUL, July 27 (Korea Bizwire) — As the size of South Korea’s online fashion market expands, competition is heating up among major players to get the upper hand. Most of the nation’s online retailers specializing in fashion registered more than double-digit growth in transaction volume in the first half of this year, according to industry [...]
SEOUL, June 18 (Korea Bizwire) — Kim Hyun-seop buys a lottery ticket once in a while, hoping to get on the fast track to his dream: buying a decent home in Seoul. The 40-year-old office worker commutes from an apartment in Ilsan in northern Gyeonggi Province to the Gangnam district in southern Seoul, which takes [...]
SEOUL, April 19 (Korea Bizwire) — The growing popularity of K-pop in Britain is prompting fans to go beyond singing and dancing to write lyrics in the Korean language. The Korean Cultural Center UK said Sunday that it will host a competition for K-pop lyrics and album design as a promotion for the Korean Wave. [...]
SEOUL, Feb. 14 (Korea Bizwire) — Spotify Technology SA, which opened its service in South Korea early this month, is expected to face fierce competition in the music streaming market currently dominated by local players. While the Swedish company is one of the top audio streaming services in the world, with 345 million users across [...]
SEOUL, Nov. 23 (Korea Bizwire) — Amid the expansion of the delivery service market resulting from the spread of the COVID-19 pandemic, competition is heating up among South Korean delivery apps to speed up their delivery services. To this end, major delivery apps are doubling efforts to recruit enough delivery drivers. In August, the nation’s [...]
SEOUL, May 26 (Korea Bizewire) — South Korea’s telecommunications market dominated by three major firms lacks competition and needs to improve its structure to provide better services to consumers, a state-run think tank said Tuesday. The Korea Information Society Development Institute (KISDI) said although competition in the local telecom market, viewed as an oligopoly, has [...]
HADONG, Sept. 25 (Korea Bizwire) — A colossal pumpkin weighing 177 kilograms has been announced as the winning entry in a South Korean competition. The pumpkin won the grand prize at the 4th Super Pumpkin Competition in Hadong County, South Gyeongsang Province, where participants are awarded for the biggest pumpkin of the year. The super [...]