SEOUL, Jul. 8 (Korea Bizwire) – In a surprising turn of events, private label (PB) home appliances are making significant inroads into the South Korean market, traditionally dominated by major corporate brands. This trend, driven by cost-conscious consumers amid high inflation, is reshaping the landscape of the home appliance industry. A prime example of this shift [...]
SEOUL, Feb. 8 (Korea Bizwire) — Lotte Shopping Co., the retail affiliate of South Korea’s fifth-largest conglomerate Lotte Group, said Thursday it swung to the red in 2017 from a year earlier amid a diplomatic row between Seoul and Beijing over the deployment of a U.S. anti-missile system here. Its losses reached 20.6 billion won [...]
SEOUL, March 24 (Korea Bizwire) – Lotte HiMart announced it will be selling the ‘Phantom 4’, a drone produced by DJI, in a first for a large domestic retailer. DJI, the No.1 global drone manufacturer with a share of more than 70 percent of the international private drone market, launched the Phantom 4 at the beginning of [...]