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S. Korean Businesses Less Eager to Sponsor PyeongChang Olympics

S. Korean Businesses Less Eager to Sponsor PyeongChang Olympics

SEOUL, Nov. 23 (Korea Bizwire) – South Korea’s major business associations remain less eager to sponsor the 2018 PyeongChang Winter Olympics only two months away due to strengthened anti-corruption laws, industry insiders people said Thursday. In a meeting arranged by Lee Hee-beom, who heads the winter sports games organizing committee, the country’s six leading business lobbies have been less willing to support the winter sports games [...]

Semiconductor Exports to Exceed 90 Billion Dollars

Semiconductor Exports to Exceed 90 Billion Dollars

SEOUL, Sept. 13 (Korea Bizwire) — South Korea’s semiconductor exports are expected to exceed US$90 billion this year due to increased overseas chip demand and higher prices, an international traders organization said Wednesday. In the January-August period, outbound shipments of computer chips surged 52 percent on-year to $59.5 billion, the Korea International Trade Association (KITA) [...]

Alibaba Opens Tmall Shopping Platform in Korea

Alibaba Opens Tmall Shopping Platform in Korea

SEJONG, May 18 (Korea Bizwire) – Chinese e-commerce giant Alibaba Group on Monday opened a shopping platform in South Korea that promises local companies a chance to make headway in the world’s second-largest economy, the government said. The launch of the business-to-consumer Tmall shopping platform is aimed at selling South Koreans agricultural and manufactured goods as well [...]

S. Korean Cosmetic Products Expanding Presence in China

S. Korean Cosmetic Products Expanding Presence in China

SEOUL, May 18 (Korea Bizwire) — South Korean cosmetic products are expanding their presence in China on the back of the Korean Wave and competitive beauty products, becoming the second most sold in Asia’s second-ranked but fast-growing beauty market, data showed Monday. Out of $686.2 million worth of cosmetics China imported in the January-March period, [...]

Most Overseas Consumers Intent to Repurchase Directly Korean Goods

Most Overseas Consumers Intent to Repurchase Directly Korean Goods

SEOUL, June 27 (Korea Bizwire) – A study shows that nine out of ten foreign consumers who have purchased Korean goods directly online instead of via importers or local retailers, have intent to repurchase. However, it also revealed many of them have experienced inconveniences in the purchasing process. The Korea International Trade Association (KITA) has conducted [...]

[Kobiz Stats] Number of Start-up Businesses by College Students in 2013

[Kobiz Stats] Number of Start-up Businesses by College Students in 2013

[Related Article] No Adventure for Korean University Students (Korea Bizwire, April 3) While the government is trying to boost the domestic economy by reigniting a “second dot-com boom” encouraging young entrepreneurs to set up more tech ventures, fewer and fewer university students are daring to set up their own businesses. According to a report published [...]