SEOUL, Oct. 4 (Korea Bizwire) – The Jeju Self-governing Provincial Government announced on Sunday its plan to expand its ‘Beach Adoption’ program, allowing businesses and organizations to adopt specific beaches and take the lead in environmental cleanup efforts. The ‘Beach Adoption’ program was established to empower businesses, organizations and schools to take charge of particular beaches, [...]
SEOUL, Oct. 4 (Korea Bizwire) – South Korea’s major department stores are showcasing a variety of ‘post-Chuseok’ marketing strategies, targeting shopping demand after the Chuseok holiday. Lotte Department Store announced on Tuesday that it will host the ‘Family Bookcance Event’ at the rooftop park of the culture center at its Cheongnyangni outlet on October 7. Hammocks, [...]
SEOUL, Oct. 4 (Korea Bizwire) – As international oil prices continue to soar due to the extension of oil production cuts by Saudi Arabia and Russia, offshore platforms drilling for oil and gas stored beneath the sea and tankers for transport are coming into the spotlight. According to Clarkson Research, a U.K.-based specialist in analyzing shipbuilding [...]
SEOUL, Oct. 3 (Korea Bizwire) – Insider stock ownership at South Korea’s family-run conglomerates rose in 2023 from a year earlier, data showed Tuesday, as more founding members sought to tighten their grip on management. The insider stock ownership rate of 72 conglomerates that have group owners reached 61.2 percent this year, up 1.3 percentage [...]
SEOUL, Oct. 3 (Korea Bizwire) –The market for online e-coupon services, which provide gift certificates in the form of barcodes, is experiencing rapid growth. This surge can be attributed to the sustained popularity of non-face-to-face gifting practices that emerged during and after the COVID-19 pandemic. The online shopping industry anticipates that the transaction value of [...]
SEOUL, Oct. 3 (Korea Bizwire) – Finance Minister Choo Kyung-ho said Tuesday the government will come up with a set of measures to boost the competitiveness of South Korea’s rechargeable battery industry and small and medium-sized enterprises (SMEs) later this year. Along with the plan, the government will expand its investment into the research and [...]
SEOUL, Oct. 3 (Korea Bizwire) – The heads of South Korea’s and Japan’s financial regulators on Tuesday agreed to resume regular “shuttle meetings” as part of their efforts to strengthen financial cooperation between the two countries, officials said. Kim Joo-hyun, chairman of Seoul’s Financial Services Commission (FSC), and Teruhisa Kurita, commissioner of Tokyo’s Financial Services [...]
SEOUL, Oct. 3 (Korea Bizwire) — Hyundai Motor Co. plans to launch two electric vehicle models in Japan by early next year, as it seeks to increase sales in the Japanese market, according to company officials Tuesday. Hyundai currently sells the Nexo hydrogen fuel-cell electric vehicle and the Ioniq 5 midsize crossover there through an [...]
SEOUL, Oct. 3 (Korea Bizwire) – The telecommunications industry is gearing up for an intense marketing battle leading up to the launch of the iPhone 15 in South Korea. The primary focus is on capturing the attention and loyalty of Korean consumers, with companies offering services such as early morning and same-day delivery. Telecom companies are [...]
SEOUL, Oct. 3 (Korea Bizwire) – Consumer electronics retailers, grappling with a dire challenge for survival, are seeking innovative solutions by introducing after-sales services (AS) and membership programs. In the face of escalating e-commerce competition, diversified sales channels, and a global economic downturn, consumer electronics retailers find themselves at a crossroads. In an effort to navigate [...]