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Survey of Tourists’ Top Buys in Airport Duty Free Shops

Survey of Tourists’ Top Buys in Airport Duty Free Shops

SEOUL, May 24 (Korea Bizwire) — Red ginseng was the most popular product among Chinese shoppers at Korea’s airport duty-free shops, according to a survey by Shinsegae Duty Free’s Incheon Airport branch. In addition, Japanese visitors favored dried laver products, while Southeast Asian tourists said they liked “Honey Butter Almond” products the most. According to [...]

Murky Future for Large Shopping Complexes

Murky Future for Large Shopping Complexes

SEOUL, May 21 (Korea Bizwire) — Construction plans for large shopping complexes have been affected by recent government policies for regulation. Major industry players are anxious as the government hurries to impose the same type of regulations on malls and department stores that were previously placed on large supermarkets. The friction between such large projects [...]

Is Smart Technology the Future of Retail?

Is Smart Technology the Future of Retail?

SEOUL, May 17 (Korea Bizwire) — As a woman in her 40s enters a clothing store with her daughter, a “smart” CCTV camera recognizes her as a regular customer, delivering her personal information to a welcome robot, which then greets both the female customer and her daughter. As the customer moves around the shop, custom-fit [...]

Opposition to New Graphic Warning Labels on Cigarettes Grows

Opposition to New Graphic Warning Labels on Cigarettes Grows

SEOUL, May 16 (Korea Bizwire) — The Ministry of Health and Welfare’s recent decision to enlarge the size of graphic warnings on cigarette packs is facing strong opposition from the Korea Tobacco Retailer Association (KTRA). Along with South Korea, a number of countries oblige tobacco companies to cover more than 65 percent of cigarette packages [...]

Sales of HNB E-cigarettes Grow Fast Since Debut Last Year

Sales of HNB E-cigarettes Grow Fast Since Debut Last Year

SEOUL, May 16 (Korea Bizwire) — South Korean has seen sales of heat-not-burn (HNB) electronic cigarettes grow at a fast click since their debut here last year, amid soaring popularity among local smokers, data showed Wednesday. According to the data from the government and industry sources, 163 million packs of HNB tobacco products were sold [...]

Tobacco Industry Alarmed by New Graphic Warnings

Tobacco Industry Alarmed by New Graphic Warnings

SEOUL, May 15 (Korea Bizwire) — The Ministry of Health has added graphic photos to packaging for electronic cigarettes, taking the tobacco industry by surprise. Electronic cigarettes created quite a stir in the industry after their release last year in Korea. But after the government’s strong drive against them, producers have yet to come up [...]

S. Korea’s Shipbuilding Industry Shows Signs of Recovery: Regulator

S. Korea’s Shipbuilding Industry Shows Signs of Recovery: Regulator

SEOUL, May 15 (Korea Bizwire) — South Korea’s shipbuilding industry is showing signs of recovery after years of struggling with the global downturn, a senior financial regulator said Tuesday. Yoo Kwang-yeol, first senior deputy governor of the Financial Supervisory Service (FSS), urged shipbuilders to turn to high-end vessels, such as very large crude carriers, for [...]