SEOUL, Apr. 3 (Korea Bizwire) — LG Electronics Inc.’s revenue from its home appliance rental service jumped over the last two years, its business report showed Wednesday, as more people opt for renting gadgets to save money on purchases, installations and maintenance. The electronics maker posted 292.4 billion won (US$257.2 million) in sales from its [...]
SEOUL, Jul. 4 (Korea Bizwire) — The free business suit rental service for new graduates offered jointly by the Incheon Business Information Technopark and the city government of Incheon has been garnering praise since it was initiated in February. Over the past four months, a total of 608 people have benefited from the service, which [...]
SEOUL, March 6 (Korea Bizwire) – Rental services, which in the past were typically limited to water purifiers or bidets in South Korea, are rapidly embracing other products. According to big data analysis firm Daumsoft, online mentions of “rental service” on blogs and Twitter more than doubled over the past three years from 75,300 in [...]
SEOUL, July 14 (Korea Bizwire) – Buying consumer products is not like buying a house. The moment you make a purchase the product’s value deteriorates, which is why rental services may be the next big consumption trend. Rental or lease services for high-cost goods such as laptops and automobiles have already become prevalent. For the [...]
SEOUL, May 14 (Korea Bizwire) – Just like the rest of the world, Korea is suffering from a prolonged economic downturn. Like societies elsewhere, Koreans and their businesses are adapting and adjusting to what is starting to be accepted as a new economic reality. To begin with, there has been a clear shift in [...]
SEOUL, July 29 (Korea Bizwire) --A new era in which people rent cell phones could start as early as this fall. In order to offer users as many choices as possible, SK Telecom announced that they are looking into starting a cell phone rental service. Since new products are expected to be launched starting next month, [...]