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Sales in Performing Arts Market Top 800 bln Won for First Time in 2017: Data

Sales in Performing Arts Market Top 800 bln Won for First Time in 2017: Data

SEOUL, Dec. 12 (Korea Bizwire) — South Korea’s performing arts market, which includes musicals, plays and classical music, rebounded in 2017, apparently reflecting political and social stability after the presidential election in May that year, officials said Wednesday. According to data released by the Ministry of Culture, Sports and Tourism and the Korea Arts Management [...]

S. Korean Mid-tier Companies Interested in Biz Opportunities in N. Korea

S. Korean Mid-tier Companies Interested in Biz Opportunities in N. Korea

SEOUL, Jun. 10 (Korea Bizwire) — South Korean companies are gradually moving to position themselves to enter North Korea’s largely untapped market once international sanctions are lifted, corporate sources here said Sunday. Several mid-tier companies have expressed interest in the North amid growing predictions that some sort of resolution can be reached on Pyongyang’s decadeslong [...]

‘Mini Itaewon’ in Pyeongtaek Embraces GIs, Koreans

‘Mini Itaewon’ in Pyeongtaek Embraces GIs, Koreans

PYEONGTAEK, Sept. 6 (Korea Bizwire) – Call it Song Francisco or Gyeonggi Province’s Itaewon. If you are fed up with hanging around Itaewon in Seoul, it can be an alternative as it’s handy for those living in the capital. Far smaller and calmer than the ever-bustling Itaewon district, but rustic and filled with exotic charm, [...]

“PB” Private Brand Products Create Profits for Retailers, but Manufacturers Excluded

“PB” Private Brand Products Create Profits for Retailers, but Manufacturers Excluded

SEJONG, Aug. 16 (Korea Bizwire) – The increasing popularity of “PB Products” like E-mart’s “No Brand” goods is lining the pockets of retailers, but doing little to benefit manufacturers according to a report published by the Korea Development Institute (KDI). PB products (Private Brand) are a variety of consumer goods that are produced by manufacturers [...]

Finance Minister Vows to Help Companies Enter Untapped Overseas Markets

Finance Minister Vows to Help Companies Enter Untapped Overseas Markets

SEOUL/SEJONG, Jan. 28 (Korea Bizwire) – South Korea’s finance minister said Thursday that the government will make determined efforts to help companies make headway into untapped overseas markets like Iran, and revive exports as Asia’s fourth largest economy strives keep alive its economic momentum in the coming months. “We are facing challenges as uncertainties are [...]