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 [...]
SEOUL, Sept. 12 (Korea Bizwire) – Traditional markets in Korea may have lost ground to the fancy shopping malls, supermarkets, and department stores that have popped up in every corner of major city districts, but they’re still among the most popular go-to spots for holidays like Chuseok (Korean Thanksgiving) and Lunar New Year. Koreans are [...]
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 [...]
SEOUL, Korea, Oct 23 (Korea Bizwire) – Korea’s game market is estimated at 9.75 trillion won in 2012, up 10.8 percent from the previous year’s 8.80 trillion won. By this year’s end the market is projected to have surpassed the 10-trillion-won level and up to 12 trillion won by 2015. The Ministry of Culture, Sports, [...]
SEOUL, Korea, Oct 23 (Korea Bizwire) – A new barter-based settlement scheme for small-sized merchants has been invented that would relieve the problem of liquidity for 6 million small business operators. Korea Barter Settlement System said on October 23 it has developed a new settlement scheme called “Extrade Card System” and earned a patent for [...]