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Biz Sentiment at Over 2-yr High but Still Under Par

Biz Sentiment at Over 2-yr High but Still Under Par

SEOUL, Jul. 5 (Korea Bizwire) — South Korean manufacturers’ business sentiment reached the highest in over two years, but pessimism still outweighed optimism overall, a survey showed Wednesday. A survey of some 2,200 manufacturing firms put the business sentiment index (BSI) at 94 in the third quarter, up five points from the second quarter but [...]

KCCI Official Pleads for SK Group Chairman’s Release

KCCI Official Pleads for SK Group Chairman’s Release

“I think he has been punished enough. In the situation that SK Group is now fiercely competing with world leaders in cutting-edge industries, if he (SK Group Chairman Chey Tae-won) were released, the group would be transformed drastically. We should give it a chance to transform.” “SK is desperately competing to go ahead over other [...]

Chinese Tourists Grumble Communication Difficulties While Shopping in Korea

Chinese Tourists Grumble Communication Difficulties While Shopping in Korea

SEOUL, May 9 (Korea Bizwire) – The number of foreign tourists from China has been rapidly increasing as entry and departure formalities were simplified for them; however, the number of Japanese tourists has been decreasing due to a weak yen. As the tourist dynamics are changing, understanding the needs of the foreign visitors and making [...]

“How to Deal with Black Consumer”: Major Issue for Retailers

“How to Deal with Black Consumer”: Major Issue for Retailers

SEOUL, South Korea, Sept 23 (Korea Bizwire) – The so-called “black consumer” is a major headache for retailers and companies making consumer goods. Recently a discount store in Seoul had a run-in with a middle-aged woman who claimed that she lost something she stored four months ago in a locker inside the store. She threw [...]