SEOUL, Dec. 27 (Korea Bizwire) — The South Korean unit of Japanese conglomerate Fast Retailing Co. said Thursday its net profit fell 9.9 percent in the January-September period from a year earlier due to local sentiment against Japanese products. The company, which sells Uniqlo and GU brand products, said in a regulatory filing that its [...]
SEOUL, Dec. 23 (Korea Bizwire) — As a trade row between South Korea and Japan has continued for months, their tourist exchanges have taken a steep dive, hammering one of the most lucrative tourist routes in Asia. The number of Korean travelers visiting Japan nose-dived to some 205,000 in November, registering a dramatic fall of [...]
SEOUL, Dec. 19 (Korea Bizwire) — A college bulletin board posted a job recruitment notice that suggested a good salary and comfortable employment conditions. However, it contained an ingenious twist. On Tuesday, a notice was posted on the Daegu Catholic University bulletin board and social media sites such as Facebook that offered a salary of [...]
SEOUL, Dec. 12 (Korea Bizwire) — Next year marks the 75th anniversary of Korea’s liberation from Japanese colonial rule, but debate over whether to preserve the remains of Japanese imperialism continues unabated across the country. First of all, controversy is raging in Incheon over the demolition of a complex of dormitories built by Mitsubishi during [...]
SEOUL, Dec. 12 (Korea Bizwire) — Amid a prolonged boycott movement against Japanese products, most consumers are in fact refusing to purchase goods made in Japan. In a survey conducted by the Korea Rural Economic Institute on 1,519 households in South Korea, 81.5 percent of all consumers supported the boycott movement. The result comes as [...]
SEOUL, Dec. 7 (Korea Bizwire) — Wartime documents showed the Japanese government was involved in forcing Korean women to serve as “comfort women” at Japan’s military brothels during World War II, Kyodo News reported Friday. The Japanese army asked that there be one comfort woman for every 70 soldiers, Kyodo reported, citing the documents collected [...]
SEOUL, Dec. 6 (Korea Bizwire) — Late last month, Japanese immigration authorities held South Korean atomic bomb victims who came to Japan to attend the mass of Pope Francis at the airport for more than five hours, causing a stir by delaying their entry to Japan. In a related development, the Korea Atomic Bombs Victim [...]
SEOUL, Nov. 7 (Korea Bizwire) — Japanese beer brands and Uniqlo, major companies affected by the boycott movement in South Korea, are taking desperate measures for survival. Lotte Asahi Liquor Co, the official importer of Asahi beer, has lowered beer prices by 30 percent. Sapporo beer importer M’s Beverage also lowered prices for its beer [...]
SEOUL, Oct. 31 (Korea Bizwire) — The number of South Koreans staying at hotels and tourist inns in Japan halved in August from a year earlier, data showed Thursday, amid boycott campaign against Japanese products stemming from bitter feuds over trade and history. The Japan Tourism Agency said the number of South Koreans at such [...]
SEOUL, Oct. 25 (Korea Bizwire) — South Korean retail companies are engaged in a fierce battle with Japanese companies in the Vietnamese market, which has emerged as a “post-China.” According to the Korea Trade-Investment Promotion Agency, Vietnam’s retail industry has been growing rapidly, with an annual average growth rate of 10.9 percent between 2013 and [...]