Retail & Consumer Goods Archives | Be Korea-savvy

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Mini-packaged Goods and Discount Services Gain Popularity in Retail Industry

Mini-packaged Goods and Discount Services Gain Popularity in Retail Industry

SEOUL, June 21 (Korea Bizwire) — Mini-packaged goods are selling well at large discount stores and the number of subscription coupon users is increasing for convenience stores as inflation woes persist. Discount store chain Homeplus saw the share of mini-packaged fisheries products sold during the period from June 1 to 15 mark a 20-fold increase [...]

Convenience Store Chain CU to Add 9 International Payment Methods

Convenience Store Chain CU to Add 9 International Payment Methods

SEOUL, May 31 (Korea Bizwire) — CU, South Korea’s second-largest convenience store chain by revenue, said Tuesday it will add nine payment options, mostly from Southeast Asian countries, in the latest move to boost the convenience of foreign tourists. The new payment options, which are set to begin next month, include Hong Kong’s AlipayHK, the [...]

Hitejinro Targets Double-digit Growth in 2022 Soju Exports

Hitejinro Targets Double-digit Growth in 2022 Soju Exports

SEOUL, May 24 (Korea Bizwire) — Hitejinro Co., South Korea’s leading beverage company, is targeting to achieve double-digit growth in exports of Korean distilled rice liquor soju this year on higher brand awareness and customized marketing, a company executive has said. Hitejinro earns 10 percent of its total sales from exports of soju, Korean rice [...]

Retailers Expand In-Store Rest and Entertainment Areas to Attract Customers

Retailers Expand In-Store Rest and Entertainment Areas to Attract Customers

SEOUL, May 19 (Korea Bizwire) — Amid a decline in the number of customers visiting brick-and-mortar stores due to the rapid growth of the online market, South Korea’s major retailers are expanding rest and entertainment space as part of their survival strategy. Lotte Mart’s Jamsil outlet in Seoul on Sunday opened a futsal court with [...]

CJ Logistics Teams Up with Naver to Promote Cooperation in Fast Delivery Market

CJ Logistics Teams Up with Naver to Promote Cooperation in Fast Delivery Market

SEOUL, May 18 (Korea Bizwire) — The landscape of South Korea’s early-morning delivery market is shifting as logistics giant CJ Logistics Corp. has entered into an agreement with the country’s top online portal operator Naver Corp. to join the fast delivery market. The two parties recently announced that they will strengthen cooperation in logistics area, [...]

Convenience Store Chains Double Down on Specialty Stores

Convenience Store Chains Double Down on Specialty Stores

SEOUL, April 25 (Korea Bizwire) — South Korean convenience store chains are placing a bigger focus on developing specialty stores aimed at attracting more customers by providing them with distinguished and special consumption experiences. GS25, for instance, currently operates four types of flagship stores, including café-type stores, liquor-centered stores and finance-specialized stores. The liquor-centered store [...]

Hite Jinro to Strengthen Marketing in Japan for Soju Sales

Hite Jinro to Strengthen Marketing in Japan for Soju Sales

SEOUL, April 19 (Korea Bizwire) — Hite Jinro Co., South Korea’s leading beverage company, said Tuesday it will strengthen marketing efforts in Japan to boost sales of the traditional Korean liquor soju. Japan is Hite Jinro’s second-biggest market for soju after the United States. Soju exports rebounded in 2020 and jumped 27 percent in 2021 [...]

Post-pandemic Expectations High in Retail Industry as Social Distancing Measures Lifted

Post-pandemic Expectations High in Retail Industry as Social Distancing Measures Lifted

SEOUL, April 19 (Korea Bizwire) — With the government lifting all social distancing rules, effective from Monday, expectations for a return to normal life and an increase in consumption are high in the retail industry. Lotte Department Store, South Korea’s biggest department store chain, plans to launch post-pandemic promotions in late April, as well as [...]