SEOUL, July 28 (Korea Bizwire) – Hyundai Department Store, one of the major department stores in South Korea, announced on July 28 that it will launch a virtual reality (VR) online store on its upscale online shopping mall – the Hyundai.com (www.thehyundai.com). The Hyundai’s new online VR store provides customers with the feeling of physically being [...]
SEOUL, April 4 (Korea Bizwire) – Hyundai Department Store announced the opening of an exhibit entitled ‘Robot Taekwon V Returns’ at Sinchon U-Plex, The exhibit will run until April 17. Ten large figures more than two meters tall, a virtual experience zone, and the original drawings will be exhibited. In addition, a giant photo zone on [...]
SEOUL, Dec. 10 (Korea Bizwire) – The nation’s top court on Thursday ordered Hyundai Department Store to pay royalties on the music that the company plays at its stores using streaming services, enlarging the scope of the definition of an album. The Supreme Court ruled in favor of the Federation of Korean Music Performers and [...]
SEOUL, July 27 (Korea Bizwire) – A grand “bargain sale” prepared by major department stores has finally opened the tightly closed purses of Korean customers. According to Lotte Department Store, which held a bargain sale event called “Lotte Black Super Show” at KINTEX in Ilsan, northern Seoul, from July 23 to 26, it recorded a total [...]
SEOUL, July 15 (Korea Bizwire) – To attract young customers in their 20s and 30s, Korean department stores are holding various promotional events, such as a mega concert with K-pop stars and mobile coupons for VIPs visiting the stores. The department stores are feeling a sense of crisis that if they neglect buyers under 40, [...]
SEOUL, May 6 (Korea Bizwire) – A 490 million won (US$453,500) Swiss luxury watch will be introduced in Korea by Hyundai Department Store. The department store will hold a luxury watch exhibition at its Trade Center (from May 1 to 18) and Apgujeong (from May 8 to 18) branches. The luxury watch brands to be [...]
SEOUL, April 8 (Korea Bizwire) — Despite an economic slowdown, sales of luxury products in South Korea soared in the first quarter of 2015 partly due to recent price cuts by major luxury brands, data showed Wednesday. Lotte Department Store saw sales of luxury products jump 15.7 percent on-year in the January-March period, with sales of [...]
SEOUL, March 13 (Korea Bizwire) – A popular pastry for common people has become a luxurious dessert, as it is gaining popularity at department stores and shopping complexes. The move upscale has been matched by a corresponding increase in price, with a jump to 3,000 won (US$2.70), which is 10 times higher than that of [...]
SEOUL, Jan. 6 (Korea Bizwire) – An online posting claiming that a mother and her daughter verbally abused three parking attendants and made them kneel is brewing controversy in Korean society. The incident took place at Hyundai Department Store’s underground parking lot in Jungdong, Bucheon. On January 3, the story was posted online by an individual [...]
SEOUL, Sept. 1 (Korea Bizwire) – As the wristwatches are gaining popularity among Koreans, Korea’s imports of the luxury timepieces established a monthly high record during July. According to the export and import statistics from the Korea Customs Service, the volume of imported luxury watches reached US$21.6 million, a monthly high since January 2000 when [...]