SEOUL, Nov.28 (Korea Bizwire) – A five-year cycle to pick duty-free shop operators within Incheon International Airport has returned again, forewarning fierce competition ahead. The Korea Customs Service posted on November 27 on its website that it would receive applications for new retail shop operators in the immigration area past the departure gate. According to the bid notice, [...]
SEOUL, Oct. 16 (Korea Bizwire) – From now on, users of check cards (or debit cards) will be able to get their refunds right away within one business day, instead of three to six days presently. According to credit card industry sources on October 15, the five credit card companies including Shinhan, KB, Samsung, Lotte, and [...]
![[Quote] CEO of Lotte Group to Spearhead Retail Giant’s Global Push](http://koreabizwire.com/wp/wp-content/uploads/2014/08/Lotte-Vice-Chairman-Shin-Dong-bin.jpg "[Quote] CEO of Lotte Group to Spearhead Retail Giant’s Global Push")
“To keep up with ever-changing consumer demands, we should harness the omni-channel strategy, with which we can seek for an opportunity to grow continuously.” “As Lotte Group has been a multi-channel retailing brand, we should put forth our utmost efforts to get over the limitations we are faced with. We ought to get a grasp [...]
SEOUL, July 31 (Korea Bizwire) – A study said the average tenure of top-30 group CEOs is only 2.6 years. According to CEO Score, a website tracking corporate performances, based on a survey on 576 former professional CEOs except those related with owner families who were hired since January 1, 2000, the average lifespan of these corporate [...]
SEOUL, June 21 (Korea Bizwire) – The corporate social responsibility (CSR) activities of domestic companies become increasingly crucial as South Asian and Southeast Asian countries centering on India ask them to expand the CSR activities. For example, India enforced a law making CSR activities compulsory for large companies last April. According to the law, companies [...]
SEOUL, June 21 (Korea Bizwire) – Thanks to the Korea Wave, foreign consumers’ interests in Korean goods are hotter now than any other time. Responding to the trend, the market size of direct sales of Korean goods to overseas consumers through domestic Internet shopping sites is estimated at 200 billion won. Then, who will be [...]
![[Feature] How to Revive Flagging SME Sector](http://koreabizwire.com/wp/wp-content/uploads/2014/05/SME-800x497.png "[Feature] How to Revive Flagging SME Sector")
SEOUL, May 23 (Korea Bizwire) – The share of the big-three retailers, including Lotte, Shinsegae, and Hyundai, in the nation’s retail market reaches up to 80 percent. Even amid a host of policy measures designed to revive small- and medium-sized merchants, the market is still dominated by a few oligopolistic players. Lim Chae-woon, Professor of marketing at [...]
SEOUL, May 16 (Korea Bizwire) – The “app card,” which has been touted as a new-generation mobile transaction system, has taken a hit from illicit transactions. In the meantime, Fraud Detection System (FDS) has proven its values once again. Samsung Card reported to the police and financial authorities on May 11 about some 300 cases of illegal [...]
SEOUL, Korea, April 10 (Korea Bizwire) – Female job seekers in Korea seem to have had a tough time in the job market last year. In 2013, as the growth rate of employment of male workers has become nearly twice that of female workers at the top-ten conglomerates, the proportion of female employees has declined [...]