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Monday, November 20, 2017

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Foreign investors net bought the largest amount of Korean stocks during the first half this year in eight years after the global financial crisis in 2009.

Foreigners’ Stock Purchase

3 July 2017 - 1:45pm

Foreign investors net bought the largest amount of Korean stocks during the first six months this year in eight years after the global financial crisis in 2009.

According to the data from the Korea Exchange on July 2, foreigners net purchased 10.3 trillion won (US$8.99 billion) worth of stocks from January to June this year, with the total breaking down to 9.25 trillion won (US$8.08 billion) for the KOSPI main bourse and 1.1 trillion won (US$960 million) for the tech-heavy KOSDAQ market. Institutions and foreign individual...

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Rolf Mafael, Germany's ambassador to Korea.

Shared Interests, History

24 November 2014 - 2:58pm

On the occasion of their National Day on Oct. 3, BusinessKorea met with Mr. Rolf Mafael, Germany's ambassador to Korea. BusinessKorea asked the ambassador about his country's holiday, the growing relationship between the countries' cities and research institutes, and touched on ways to bring the countries even closer together. The following are excerpts from the interview.

Please tell us the significance of Germany’s National Day on Oct. 3.

October 3rd became the National Day of Germany in 1990, when East Germany and West Germany reunified. German...

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A screenshot of the web site of GS Shop.

Worldwide Reach

20 November 2014 - 5:05pm

This month, GS Shop became the first home shopping company to deliver its products to international customers by launching a “global delivery service.” Delivery is possible to 103 countries worldwide.

GS Shop is also the first Internet shopping mall to provide global delivery service by mobile phone, while other Internet shopping malls are still stuck on having global delivery service via PC only.

By this service that GS Shop provides, many SMEs that have yet to acquire overseas sales channels are automatically gaining international customers, thus letting the companies to be...

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Alliance with Alibaba

19 November 2014 - 5:25pm

CJ O Shopping is planning to open a special shopping section in China’s Dongfang CJ (www.OCJ.com.cn) and Tianmao (www.Tmall.hk), an online B2C shop run by Alibaba, to operate its “reverse” direct purchase business in China.

CJ O Shopping is going to display approximately 1,000 popular Korean children’s products, cosmetics, apparel, and health and beauty products at Tmall from this month, and is planning to increase the number of products to 10,000 or so depending on the performance of the venture.

Tmall is...

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Wemakeprice is now working with Shin Min-a, one of Korea's most famous actresses, as the official company representative for 2014. Since her debut with the company, sales in fashion and accessories doubled from September to October, just one month.

Wemakeprice Aspirations

19 November 2014 - 12:20pm

Mobile shopping is currently the hottest trend in Korea, effortlessly diverting customers’ attention from the long-established Internet shopping sphere. According to Nielsen Korean Click, an Internet user research firm based in Korea and part of the world-renowned AGB Nielsen Media Research, sales by mobile as a percentage of all e-commerce sales grew more than twofold in just one year, from 12.6 percent in the first quarter of 2013 to 27.6 percent in the first quarter of 2014. Therefore, social commerce companies like Wemakeprice, Coupang, and Timon (TicketMonster), which do about 60...

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A still from Go Shop, a GS Home Shopping channel that the company will launch next month in Malaysia.

International Interface

4 November 2014 - 7:02pm

It's been ten years since Korean home shopping companies launched in other countries. CJ Home Shopping, Hyundai Home Shopping, GS Home Shopping, and Lotte Home Shopping have made localized versions of their home shopping companies in 10 countries: China, India, Thailand, Indonesia, Turkey, Malaysia, Japan, Philippines, Vietnam, and Taiwan.

The globalization of Korea's home shopping channels took a successful step in 2004 with CJ O Shopping, which launched a joint-venture home shopping channel called Dongbang CJ with Shanghai Media Group. Technically, Hyundai Home Shopping was the...

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No Results

31 October 2014 - 2:19pm

Samsung SDI recorded a net current loss of 12.9 billion won (US$12.2 million) in the third quarter along with sales of 1.8918 trillion won (US$1.7908 billion) and operating profits of 26.2 billion won (US$24.8 million). The company merged with Cheil Industries, which is now the materials division of Samsung SDI, in July. Sales decreased by 0.2 percent and profits dropped by 45.8 percent from a quarter earlier due to the decreasing popularity of Galaxy smartphones.

The company’s small battery business unit, meanwhile, increased its sales and profits at the same time based on an...

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Joint Meeting of the Committees of the Boards of Governors in the 2014 IDB-IIC Annual Meeting of the IDB which took place in Costa do Sauípe, Bahia, Brazil. (Photo by Léo de Azevedo, © Inter-American Development Bank)

IDB-IIC

30 October 2014 - 3:56pm

IDB-IIC Annual Meeting of the Boards of Governors will be held in BEXCO, Busan from March 26 to 29, 2015. It is being co-hosted by the Ministry of Strategy and Finance and the Inter-American Development Bank (IDB). This meeting is the 56th Annual Meeting of the Board of Governors of the IDB and the 30th Annual Meeting of the Board of Governors of the Inter-American Investment Corporation (IIC).

Approximately 3,000 participants from 50 countries are expected to attend. There will also be business forums such as a Korea-LAC knowledge sharing forum and an Korea-LAC business forum to...

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Organizers of the AgriPro Asia Expo 2013 with the event's mascot.

Food Fair

29 October 2014 - 3:05pm

AgriPro Asia Expo (APA), one of Hong Kong’s most successful agricultural trade fairs, will be held from Dec. 4 to 6 at Hong Kong Convention and Exhibition Center (HKCEC). The APA covers a full range of exhibits: general provisions, vegetables and fruits, poultry and meat, aqua products and seafood, green and organic products, and processed agricultural products.

With the support from the official government bodies from Chile and Vietnam, along with a close network of local and international organizations including the Associacao de Comerciantes de Legumes por Grosso de Macau,...

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Yim Do-jae (left), president of Africa and Middle East Korean Association and Lee Dong-woo (right), president of Oceania Korean Association flank Chang Byoung-rok, president of Bali Korean Association and winner of the Best Korean Association Award.

Global Koreans

16 October 2014 - 3:31pm

The 2014 World Korean Community Leaders Convention was held from Oct. 7 to 9 at the Grand Hilton Seoul. Organized by Overseas Koreans Foundation (OKF), Korean community leaders and about 400 executives from 80 countries attended under the slogan, “Proud World Koreans, You are the Republic of Korea.”

The opening ceremony began with a keynote speech by Park Gwan-yong, chairman of the National Development Institute with the theme, “Proud Korean,” mentioning the pain from the suffering and division of the Korean Peninsula, and how amazing Korean people are for quickly overcoming the...

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