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S. Korea Submits KORUS FTA Plan to Parliament

S. Korea Submits KORUS FTA Plan to Parliament

SEOUL, Dec. 4 (Korea Bizwire) — The South Korean government will establish a plan to renegotiate the free trade agreement (FTA) with the United States and notify its course of action to the National Assembly, the trade ministry said Monday. Trade Minister Kim Hyun-chong held a meeting with officials from 20 ministries and government organizations [...]

Consumer Sentiment Drops in September on Geopolitical Concerns with China and North Korea

Consumer Sentiment Drops in September on Geopolitical Concerns with China and North Korea

SEOUL, Sept. 26 (Korea Bizwire) — South Korea’s consumer confidence fell for the second month in a row in September on the North Korea risk and Seoul’s row with Beijing over a missile defense system, a central bank poll showed Tuesday. The composite consumer sentiment index for September stood at 107.7, down 2.2 points from [...]

Consumers Goods Makers Raise Prices before Year-End

Consumers Goods Makers Raise Prices before Year-End

SEOUL, Nov. 18 (Korea Bizwire) – Major makers of snacks, drinks and cosmetics have increased the prices of their products as the end of the year draws near, while speculations are rising over price surges in instant noodle and coffee products, according to industry officials Friday.  Earlier this month, Oriental Brewery, South Korea’s largest brewer, [...]

High-end Sneakers Unwashable, Korean Consumers Complaint

High-end Sneakers Unwashable, Korean Consumers Complaint

SEOUL, South Korea, Sept 04 (Korea Bizwire) – Recently Korean consumers have been complaining that shoes from popular sneaker brands such as Nike, Adidas, and New Balance are unwashable. Consumers are having to wear dirty sneakers or throw them away despite the fact that sweat and dirt are unavoidable with sneakers because not only are a lot [...]

Macy’s Wheels In For The Launch Of New Parisian Inspired Brand Maison Jules Fall / Winter 2013 Collection

Macy’s Wheels In For The Launch Of New Parisian Inspired Brand Maison Jules Fall / Winter 2013 Collection

NEW YORK, July 12, 2013 (Korea Bizwire) – Macy’s celebrates the launch of its new Parisian inspired fashion brand, Maison Jules by introducing a limited edition bike, in collaboration with Martone Cycling Company. In step with the current trend of the bike as a key fashion accessory, the collaboration has resulted in the creation of a custom [...]