korean market Archives | Be Korea-savvy
Budget Smartphone Manufacturers Eye S. Korean Market

Budget Smartphone Manufacturers Eye S. Korean Market

SEOUL, Dec. 29 (Korea Bizwire) — Budget smartphone manufacturers are strengthening their model lineup in the South Korean market, industry sources said Friday, in a bid to attract consumers seeking cheaper options in the new year. Samsung Electronics Co. plans to release the 5.6-inch Galaxy A8 and the 6-inch Galaxy A8 Plus in January, which [...]

Foreign Firms View Korea as an Attractive Market

Foreign Firms View Korea as an Attractive Market

SEOUL, Nov. 15 (Korea Bizwire) – Despite the current economic slump and unstable political circumstances, foreign companies here were found to consider Korea as an important and attractive market.  According to accounting firm Samil PwC, 57.8 percent of executives from 73 overseas businesses gave a positive response towards the Korean market from a global business [...]

Xiaomi Launches Aggressive Push into Korean Market

Xiaomi Launches Aggressive Push into Korean Market

SEOUL, March 4 (Korea Bizwire) – China’s Xiaomi is moving fast to team up with Korean retailers, inking distribution agreements for the Korean market. Xiaomi products are becoming more and more popular for their excellent value proposition, and it seems like the Chinese company is setting out to dominate the Korean market. Xiaomi created a craze [...]

Korean Wine Market Holds Great Potential for Growth

Korean Wine Market Holds Great Potential for Growth

SEOUL, Feb.3 (Korea Bizwire) – Those in the wine industry expect that the consumption of wine among Koreans will continue to rise. According to a report issued by VINEXPO and the International Wine and Spirits Research Center (IWSR), the consumption of wine among Koreans in 2019 will increase by 16.2 percent compared to 2015. This [...]

Huawei Smartphones Doing Well in Korean Market

Huawei Smartphones Doing Well in Korean Market

SEOUL, Jan.4 (Korea Bizwire) – Smartphones from China’s Huawei, exclusively sold in Korea by LG U+, are creating a craze after the launch of the company’s affordable Y6 model, with 10,000 devices sold in only 15 days. LG U+ announced that approximately 700 units of the Y6 are being sold every day, creating an unprecedented [...]