Retail & Consumer Goods Archives | Be Korea-savvy

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Japanese Breweries Attempt to Regain Foothold in S. Korea Through Price Cuts

Japanese Breweries Attempt to Regain Foothold in S. Korea Through Price Cuts

SEOUL, Nov. 24 (Korea Bizwire) — After going through a complete collapse amid the ‘No Japan’ boycott campaign in South Korea, Japanese breweries are striving to regain a foothold through price cuts. Lotte Mart, the hypermarket chain operated by Lotte Shopping, is now holding a promotional event selling four cans of Asahi beer that its [...]

Retail Sales Up in Oct. on Pandemic, Promotional Events

Retail Sales Up in Oct. on Pandemic, Promotional Events

SEOUL, Nov. 23 (Korea Bizwire) — Retail sales in South Korea increased 8.4 percent in October from a year earlier on the back of the pandemic and consumption-boosting events, data showed Monday. The combined sales of 26 major offline and online retailers reached 12.01 trillion won (US$10.7 billion) last month, up from 11.08 trillion won [...]

S. Korean Firm Develops World’s First Home Shopping Program Analysis Tool

S. Korean Firm Develops World’s First Home Shopping Program Analysis Tool

SEOUL, Nov. 20 (Korea Bizwire) — SK Stoa, a home shopping firm operated by SK Telecom Co., South Korea’s largest mobile carrier, announced on Thursday that it had developed the world’s first home shopping program analysis tool. The SK Store On Vision collects data on viewing rate, shopping orders and calls through SK Stoa’s TV [...]

Nationwide Sales Festival Leads to Better-than-expected Results

Nationwide Sales Festival Leads to Better-than-expected Results

SEOUL, Nov. 10 (Korea Bizwire) — The ongoing nationwide shopping festival, aimed at boosting domestic consumption hit by the new coronavirus pandemic, has already seen notable results in terms of card spending and retail sales, the commerce ministry said Tuesday. The annual Korea Sale FESTA kicked off for a 15-day run on Nov. 1, with [...]

BAT Korea to Up Ratio of Non-combustible Cigarettes to 50 pct

BAT Korea to Up Ratio of Non-combustible Cigarettes to 50 pct

SEOUL, Nov. 5 (Korea Bizwire) — British American Tobacco (BAT) Korea said Thursday it will increase the ratio of non-combustible cigarette products to 50 percent by 2030 to boost sales amid regulations and health concerns over smoking. The British tobacco company has sold the heat-not-burn glo tobacco heating product (THP) series in the Korean market [...]

Cigarette Sales Rise 5.6 pct in Jan.-Sept. Period

Cigarette Sales Rise 5.6 pct in Jan.-Sept. Period

SEJONG, Oct. 30 (Korea Bizwire) — Sales of cigarettes in South Korea rose 5.6 percent on-year in the first nine months of this year, data showed Friday, thanks to robust sales of traditional cigarettes. South Korean smokers purchased 2.75 billion 20-cigarette packs in the January-September period, compared with 2.6 billion packs in the same period [...]

Starbucks Korea’s ‘I’ll Be Bag’ Gains Popularity

Starbucks Korea’s ‘I’ll Be Bag’ Gains Popularity

SEOUL, Oct. 29 (Korea Bizwire) — Starbucks Korea’s ‘I’ll Be Bag,’ a cooling bag specially designed by the coffee chain and SSG.COM for early morning deliveries, is becoming the next ‘Summer Ready Bag’ as it continues to gain popularity. SSG.COM, integrated online shopping mall operated by retail giant Shinsegae Group, began giving out cooling bags [...]

AmorePacific Opens Industry’s First ‘Refill Station’

AmorePacific Opens Industry’s First ‘Refill Station’

SEOUL, Oct. 28 (Korea Bizwire) — South Korean cosmetics giant AmorePacific Corp. opened a so-called ‘refill station’ for the first time in the nation’s cosmetics industry. The company announced on Tuesday that it decided to run a refill station within the AmorePacific Gwanggyo store that opened last week in Suwon, Gyeonggi Province. Customers take an [...]

Retail Sales Up in Sept. on Strong Performance of Online Shops

Retail Sales Up in Sept. on Strong Performance of Online Shops

SEOUL, Oct. 25 (Korea Bizwire) — Retail sales in South Korea advanced 8.5 percent in September from a year earlier as online shops enjoyed brisk sales amid the new coronavirus pandemic, data showed Sunday. The combined sales of 26 major offline and online retailers reached 11.9 trillion won (US$10 billion) last month, up from 11.16 [...]