SEOUL, Dec. 24 (Korea Bizwire) — With Park Hang-seo, the South Korean head coach of Vietnam’s national football team, rewriting history by leading the football squad to victory at the AFF Suzuki Cup for the first time in 10 years, an increasing number of South Koreans are being inspired to hit outdoor soccer fields and [...]
SEOUL, Dec. 24 (Korea Bizwire) — With South Korea undergoing a rapid demographic transformation, marketing experts are suggesting that companies target seniors, single-person households and the value-consumption generation to meet new trends in the consumer market. The suggestions were based on a report released by The Korea Chamber of Commerce and Industry (KCCI), identifying the [...]
SEOUL, Dec. 24 (Korea Bizwire) — Franchisees on average shuttered their businesses in just over four years, government data showed Monday, in the latest sign of troubles facing small entrepreneurs. The 2015 data compiled by Statistics Korea showed that franchisees ran their stores for 52 months before closing them. By sector, franchisees of pharmaceutical businesses [...]
SEOUL, Dec. 24 (Korea Bizwire) — Sales of cold weather products increased in South Korea apparently as more people purchased goods to keep themselves warm during various year-end events, industry data showed Monday. According to major online shopping mall Gmarket, the sales of products designed to keep people warm, such as jackets or hotpacks, surged [...]
SEOUL, Dec. 19 (Korea Bizwire) — An increasing number of male customers have been shopping online ever since the 52-hour workweek was implemented earlier this year. GS Fresh, a South Korean online shopping mall operated by GS Retail Co., said that male customers who signed up for new accounts in the second half of this [...]
SEOUL, Dec. 18 (Korea Bizwire) — Park Hang-seo, the South Korean head coach of Vietnam’s national football team, added another feather to his cap as his team won the 2018 AFF Suzuki Cup last Saturday. ‘Park Fever’ is enticing Vietnamese customers to buy more South Korean goods. The Korea Trade-Investment Promotion Agency (KOTRA) held a [...]
SEOUL, Dec. 17 (Korea Bizwire) – Tough economic times are changing the culture of South Korean businesses, where calendars were typically offered for free to employees at the beginning of a new year. Now, as employers are distributing fewer free calendars, more people are ordering calendars online. Gmarket, South Korea’s biggest online shopping portal, said [...]
SEOUL, Dec. 17 (Korea Bizwire) — Supermarket chain HomePlus Co. said on December 16 that 27 ‘Maekmmelier’ had been chosen via ‘The First Maekmmelier Contest’ in which participants measured their beer mania skills with others. Maekmmelier is a combination of ‘maekju’, the Korean word for beer, and ‘sommelier,’ and refers to one whose beer mania [...]
SEOUL, Dec. 14 (Korea Bizwire) — The spending patterns of foreign tourists, which have been concentrated on cosmetics in the past, are undergoing a transformation, while the number of foreign tourists visiting Seoul is predicted to surpass 12 million this year. Shinsegae Department Store said on December 13 that customers at the brand’s Gangbuk store [...]
SEOUL, Dec. 14 (Korea Bizwire) — The Ministry of Food and Drug Safety has once again confirmed that volatile organic compounds (VOCs) found in female hygiene products are not life threatening. The ministry reported on December 13 that tests had been conducted again on 297 different products from sanitary pads to tampons. Even though VOCs [...]