SEOUL, Mar. 10 (Korea Bizwire) — Spike in fine dust concentrations have caused sales of air purifiers for automobiles to soar amid rising consumer health concerns, local retailers said Sunday. Data provided by E-Mart Inc., South Korea’s largest discount hypermarket chain, showed sales of vehicle dust filtering products skyrocketing 1,046 percent on-year in the March [...]
SEOUL, Mar. 7 (Korea Bizwire) — Sales of face masks, expectorants and eyewashes in South Korea are growing fast due to the onslaught of severe fine dust, industry sources said Thursday. In recent days, South Korea has been gripped by choking fine dust — particles smaller than 10 micrometers in diameter — which can cause [...]
SEOUL, Feb. 27 (Korea Bizwire) — The average monthly operating profit among micro business owners in South Korea was 2.69 million won (US$2,407) in 2017. The average profit margin was 15.8 percent per month. Seven out of 10 micro business owners said sales had shrunk over the past year, while 4 out of 10 said [...]
INCHEON, Feb. 26 (Korea Bizwire) — A South Korean research team has developed technology that allows for an unmanned checkout system. Researchers led by Prof. Song Byung-cheol from Inha University, in collaboration with Interpark, a major South Korean online shopping mall, developed a computer vision technology for smart display cabinets. The system receives video footage [...]
SEOUL, Feb. 26 (Korea Bizwire) — Nowadays, products purchased online are typically delivered in a big box with bubble wrap for protection. But once the package is safely delivered, the packaging becomes nothing more than waste. AmorePacific Corp., however, has chosen to make use of paper packaging materials instead of bubble wrap. What seems like [...]
SEOUL, Feb. 26 (Korea Bizwire) — Men wearing makeup, once a practice unique to TV stars and celebrities, is becoming a part of the popular culture we see in our everyday lives. As an increasing number of South Korean men are purchasing clothes, cosmetics, and other beauty products to take care of their looks, cosmetics [...]
SEOUL, Feb. 25 (Korea Bizwire) — Shinsegae Group, the operator of South Korea’s biggest discount store chain Emart, said Monday that it will integrate its online shopping mall operations into SSG.COM from next month to boost sales. The retail conglomerate will launch SSG.COM, an integrated company of two online shopping stores — the Shinsegae mall [...]
SEOUL, Feb. 14 (Korea Bizwire) — E-Mart Inc., South Korea’s largest hypermarket chain, said Thursday that it aims to raise its online sales by 30 percent this year, and open more convenience stores. The retail giant, part of Shinsegae Group, also will further nurture its warehouse store, E-Mart Traders. The company expects its sales for [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s National Institute of Biological Resources (NIBR) signed a profit-sharing agreement today with Hansolbio Co. and the Cambodian Ministry of Agriculture, Forestry and Fisheries at the InterContinental Seoul COEX. The agreement will serve as a first case of profit sharing, where companies, using foreign biological resources they have [...]
SEOUL, Feb. 13 (Korea Bizwire) — More than 130 overseas products that had been recalled in other countries for safety reasons were sold in the local market last year, the Korea Consumer Agency said Wednesday. The agency recommended sales suspension, product exchanges, free repairs and other remedy measures on 132 such products in 2017, up [...]