Category: Home & Garden

  • Korea's e-commerce exports up 83% in Q2

    Korea's e-commerce exports up 83% in Q2

    South Koreans’ direct purchases from foreign countries edged up in the second quarter of this year, with online purchases of Korean products by overseas shoppers nearly doubling, government data showed Wednesday. Koreans’ direct purchases of foreign goods via overseas online shopping malls reached 411.8 billion won ($369.3 million) during the April-June period, up 5 percent […]

  • Korea's homegrown drug set to post record sales

    Korea's homegrown drug set to post record sales

    Annual sales of a diabetes drug manufactured by LG Life Sciences Ltd., the pharmaceuticals unit of South Korea’s LG Group, are likely to exceed 50 billion won ($44.9 million) this year, the drug firm said Wednesday. It would mark the first time for the annual sales of a single homegrown drug to breach the 50 […]

  • [Start-up Seoul] Start-ups form alliance for joint online-to-off-line services

    [Start-up Seoul] Start-ups form alliance for joint online-to-off-line services

    A group of South Korea’s leading start-ups announced Wednesday that they would join forces to invigorate the online-to-off-line sector, in which many, if not all, are bleeding cash due largely to high marketing costs. Representatives of five start-ups — SOCAR, Yogiyo, Yanolja, Mesh Korea, and Spoqa — said they would form the O2O Alliance, seeking […]

  • Exports of Korean cosmetics more than triple over 5 yrs

    Exports of Korean cosmetics more than triple over 5 yrs

    Exports of Korea-made cosmetics more than tripled over the past five years as the Korean Wave, or Hallyu, fueled robust demand from China and other Asian countries, customs data showed Tuesday. Outbound shipments of makeup products reached US$2.45 billion in 2015, surging 53.1 percent from $1.56 billion a year earlier, according to the data by […]

  • Samsung launches superpremium fridge

    Samsung launches superpremium fridge

    Fridges are not just for storing food anymore. They now have features that allow consumers to order groceries online, watch TV shows and listen to music. Samsung Electronics released Wednesday a top-of-the-line refrigerator, called Family Hub, which has features that include voice control, screen mirroring and digital payment for online shopping. Its right door sports […]

  • LG Signature raises bar for premium appliances

    LG Signature raises bar for premium appliances

    LG Electronics on Monday launched its ultra-luxury appliance brand, LG Signature, in Korea before its planned debut in the U.S. and Europe. Combining the best design and functions, the Korean tech giant showed confidence in raising the standards in the soaring premium home appliance market. “With LG Signature, we will continue our upscale push,” LG […]

  • Samsung pushes quantum dot TVs to restore profits

    Samsung pushes quantum dot TVs to restore profits

    Samsung Electronics, the world’s largest TV maker, said Tuesday it plans to launch a total of 14 SUHD TV models this year, renewing its commitment to liquid-crystal display in the premium TV market. Amid fierce competition with Chinese rivals, Samsung has poured resources to produce more lucrative high-end TVs, including the latest ones that use […]

  • Time-pressed, strategic spenders turn to at-home beauty care

    Time-pressed, strategic spenders turn to at-home beauty care

    Despite her busy schedule, Kim Na-eun, a 30-year-old office worker in Seoul, visits a skin care clinic every now and then, whenever she feels the need to rejuvenate, or give some “proper attention” to her skin. These days, though, her visits have stopped — not because she has stopped investing in skin care, but because […]

  • ABS issuance soars in 2015 on new state loan program

    ABS issuance soars in 2015 on new state loan program

    The issuance of asset-backed securities (ABS) in South Korea nearly doubled in 2015 from a year earlier on the back of sharp growth in sales of government-led mortgage funds, the financial watchdog said Wednesday. A combined 83 trillion won ($68.1 billion) worth of ABS were issued last year, up 99.8 percent from the previous year’s […]

  • Korea's housing market stays upbeat in Q4: report

    Korea's housing market stays upbeat in Q4: report

    South Korea’s housing market continued its upside mode in the fourth quarter of last year on the back of a government-led stimulus and low borrowing costs, a report showed Wednesday. Home prices in the country rose an average of 4.4 percent on-year in the October-December period, up from a 4.1 percent on-year gain in the […]