SEOUL, Feb. 11 (Korea Bizwire) — A South Korean court has ruled that 1+1 purchasing events cannot be seen as ‘exaggerated advertisements’ if the price of the product is cheaper during the event. Seoul High Court, in a case filed by hypermarket chain operators Homeplus Co. and Homeplus Stores Co. against the Fair Trade Commission [...]
SEOUL, Feb. 11 (Korea Bizwire) — Valentine’s Day chocolate givers are switching back to buying packaged sweets instead of making their own, according to sales records from a leading online mall on Monday. Auction, an open market internet mall, tracked chocolate sales in the Jan. 25-Feb. 7 period from 2015 to 2019. Results showed that [...]
SEOUL, Feb. 7 (Korea Bizwire) — According to Shinsegae Department Store’s survey of sales of women’s lingerie during Valentine’s Day last year, sales grew 17.8 percent in two weeks, which was 10 times higher than the annual average. The department store reported on Wednesday that women’s under garments were as popular as chocolate when it [...]
SEJONG, Jan. 31 (Korea Bizwire) – Early morning delivery service, while contributing to growth in annual sales of as much as 16 percent last year among South Korean online shopping malls, is also leading way to new social problems. The Ministry of Trade, Industry and Energy announced on Wednesday that major retailers saw sales increased by an [...]
SEOUL, Jan. 28 (Korea Bizwire) — Retail cosmetics shops that have been the drivers of the ‘K-Beauty’ industry for the past 15 years are facing a crisis, exposing their limitations. The cosmetics industry is undergoing a series of transformations due to decreased demand from China and a change in distribution structure resulting from stagnant domestic [...]
SEOUL, Jan. 28 (Korea Bizwire) — As an increasing number of people in their 60s and 70s are becoming familiar with mobile and smart devices, a growing number are turning to digital health products for Lunar New Year’s gifts. Auction, an open market, reported on Sunday that sales of a product that can be connected [...]
SEOUL, Jan. 28 (Korea Bizwire) — Home delivery services for essentials and easy-to-eat meals have risen amid an increase in the number of one-person households and dual-income families, industry sources said Monday. Kwangdong Pharmaceutial Co., a distributor of the bottled water Jeju Samdasoo, said it has launched a mobile app that delivers its products conveniently [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korean duty-free stores saw their sales from Japanese consumers rise sharply on-year in January despite the on-going military tension between the two countries, apparently on the back of the strong Japanese yen, industry sources said Sunday. Sales from Japanese consumers at a Lotte Duty Free shop in Seoul’s [...]
SEOUL, Jan. 24 (Korea Bizwire) — Lotte Department Store reported on Wednesday that it was making use of recyclable or biodegradable packaging for its Lunar New Year gift sets, which are going to be sold until February 4. Lotte also used cooler bags, which can be reused as shopping bags, for its meat set packaging, [...]
SEOUL, Jan. 21 (Korea Bizwire) — A variety of innovative items are being released to tackle fine dust, with consumers looking beyond the typical masks or air purifiers. Mobile oxygen cans and wearable air purifiers have recently been gaining popularity. Gmarket, a major South Korean online shopping mall, said sales of mobile oxygen cans in [...]