Retailers leave China for Southeast Asia
Department stores, discount store chains and other retailers, which rushed to set up presence in China over the past few years, are increasingly turning their eyes to Vietnam and other rapidly growing Southeast Asian nations. Some retailers have decided to downsize their operations in the world’s second largest economy, with others completely pulling out due […]
Year-end Soju War
Liquor makers engage in fierce marketing battle Domestic soju makers are waging a full-scale war against one another in order to get the upper hand during the peak season. The heated competition comes as Koreans consume larger volumes of soju, traditional distilled liquor, in December compared to other months as many go on binge drinking […]
“Samsung mobile products occupy about 90 percent of market share in Nepal”
Puskal Khatiwada, marketing manager of Samsung Mobiles in Kathmandu, talked about how Nepali consumers estiamate Samsung proudcts and future plan of the company to better meet the needs of people in Himalayan country in an interview with Bishnu Gautam. Q. Who do you think love to use Samsung mobiles and other home appliances in Nepal? A. […]
Korea, China agree to tap swap line for trade settlement
South Korea’s central bank said Tuesday that it has agreed with its Chinese counterpart to support a trade settlement in the two countries’ currencies by using the existing bilateral currency swap line. In October last year, South Korea and China agreed to double their won-yuan swap line to 360 billion yuan (US$57.8 billion) in a […]
Exodus?
Goldman, HSBC scaling back operations here The government’s move to turn Seoul into an Asia financial hub is going adrift as a growing number of foreign financial firms are moving to either pull out of Korea or scale back their operations here. Foreign players are suffering from poor business performances trigged by growing competition here […]
Lee Kun-hee’s firm business conviction contributes to success of Samsung
If Lee Kun-hee, the Chairman of SAMSUNG, Korea’s largest conglomerate were to provide his date, place and time of birth to an Indian astrologer, Mr. Lee may get very revealing insights to the course of events in his life. According to the Indian astrologers, the twelve planets impact lives of individuals depending on their position in […]
Samsung mobile products become more popular in Kathmandu
Number of the showrooms and shops of the Samsung products, especially the mobile phone sets, have increased in Kathmandu, the capital city of the tiny beautiful Himalayan country. When one passes through New Road, the downtown in Kathmandu, and other major markets of city these days, he can notice new bigger white signboards with Samsung […]
CJ saps aspiring small filmmakers
Vice Chairman Lee dominates in marketing, producing CJ E&M has become so dominant it leaves little room for small and independent moviemakers. The media giant accounted for a whopping 72.4 percent in audience share for domestic movies as of October, according to the Korean Film Council (KOFIC) Wednesday. “When combined with international releases, the rate […]
Alpensia under snowballing debts
Alpensia Resort, the main venue of the 2018 Winter Olympics, has been reeling from snowballing debts as it failed to sell vacation homes built along its golf course and condominiums there. The resort, located in PyeongChang, Gangwon Province, has been losing about 60 billion won ($55 million) annually over the past few years, despite revenue […]
POSCO aims to join global top 100 by 2020
Korean steel giant POSCO said Friday that it aims to rank within the top 100 in terms of global sales by 2020. The firm said it plans to strengthen its mainstay steel business by increasing output to 50 million tons annually. A 30 million ton-capacity mill in Indonesia will be completed in 2013. Facilities in […]
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