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S. Korean Autos Lag Behind Imported Ones in Satisfaction Survey

S. Korean Autos Lag Behind Imported Ones in Satisfaction Survey

SEOUL, Nov. 7 (Korea Bizwire) — South Korean vehicles lag behind imported cars in terms of quality, services and durability, a local market research firm said Tuesday. In a recent survey of 96,123 owners and potential buyers, a majority of them chose imported cars over domestic ones in product quality, after-sale services and durability despite [...]

Online Markets Move to Service Sales

Online Markets Move to Service Sales

SEOUL, March 14 (Korea Bizwire) – Online shopping operators are turning to personalized services as they try to differentiate themselves in the teeming industry, taking care of small errands like shoe polishing to more extensive services that include interior remodeling, industry watchers said Monday. Further blurring the online-offline boundary, these operators are taking broader steps [...]

Korean Market Cap Rankings Reflect Changing Business Environment

Korean Market Cap Rankings Reflect Changing Business Environment

SEOUL, March 3 (Korea Bizwire) – Data shows that the top 100 Korean companies in terms of market capitalization have undergone a rapid change in business sectors over the past 10 years. The rankings reflect a shift from industrial businesses such as construction and shipbuilding to ‘non-smokestack’ industries such as service and distribution. On the [...]

Seoul Provides Valuable Information to Empower Small Local Businesses

Seoul Provides Valuable Information to Empower Small Local Businesses

SEOUL, Dec.2 (Korea Bizwire) – After analyzing 43 categories of small businesses such as restaurants and both wholesalers and retailers, the Seoul Metropolitan Government reported that their 10 year survival rate was only 19.9 percent. To boost the sales of small businesses struggling to stay afloat, Seoul city officials announced on December 1 that they [...]