Retail & Consumer Goods Archives | Be Korea-savvy

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SK Telecom’s AI Program to Help Convenience-store Employees

SK Telecom’s AI Program to Help Convenience-store Employees

SEOUL, Jul. 24 (Korea Bizwire) — SK Telecom Co. said Monday it agreed to join forces with a major South Korean convenience store chain to deploy its artificial intelligence product NUGU to help store clerks. The country’s No. 1 mobile carrier said it will test-run NUGU at South Korea’s largest convenience store chain CU in [...]

Wind-Free Air Conditioners Highlight Samsung’s Growing Tech Acumen

Wind-Free Air Conditioners Highlight Samsung’s Growing Tech Acumen

SEOUL, Jul. 21 (Korea Bizwire) — Samsung Electronics’ dedication to technology development has entered the spotlight, as tech enthusiasts and everyday consumers alike have taken notice of the company’s groundbreaking product releases like the new Wind-Free Air Conditioner. Technologies like the Wind-Free Air Conditioner (it’s exactly what it sounds like) and Samsung washing machines with [...]

Minimum Wage Hike to Bolster Consumption Despite Profit Drops in Retail Sectors

Minimum Wage Hike to Bolster Consumption Despite Profit Drops in Retail Sectors

SEOUL, July 21 (Korea Bizwire) – A decision by the government to raise the minimum wage next year is expected to cut profits at convenience and discount store chains, but it could help bolster consumption, according to foreign investment banks on Friday. The government has decided to hike minimum wage 16 percent to 7,530 won [...]

Online Shopping Experiencing Growth Surge as Retail Sales Stumble

Online Shopping Experiencing Growth Surge as Retail Sales Stumble

SEOUL, Jul. 21 (Korea Bizwire) — Online shopping is experiencing a growth surge, accounting for close to 20 percent of all retail sales in the first quarter of this year, data showed Friday. Retail transactions in the three months to March totaled 96.56 trillion won (US$85.83 billion), a growth of 4.7 percent from the same [...]

Retailers Moving Quickly to Allow Employees to Balance Work with Family

Retailers Moving Quickly to Allow Employees to Balance Work with Family

SEOUL, Jul. 18 (Korea Bizwire) — South Korean retailers have moved quickly to create a favorable work environment for expecting and child-rearing mothers, including incentives for fathers, industry observers said Tuesday. Retail businesses have been fast movers in accommodating women who in most cases make up nearly half of their workforces. With the government encouraging [...]

Shinsegae to Open 3rd all-in-one Shopping Complex Next Month

Shinsegae to Open 3rd all-in-one Shopping Complex Next Month

SEOUL, Jul. 18 (Korea Bizwire) — Shinsegae Group, a retail giant in South Korea, said Tuesday it will open its third shopping mall in the northern outskirts of Seoul next month, offering a variety of options for shopping, leisure and culinary experiences. Starfield Goyang, a two-story building with four underground floors covering an area spanning [...]