SEOUL, Jun. 12 (Korea Bizwire) — South Korean retailers are expressing optimism over new business opportunities in North Korea in the wake of the recent rapprochement on the Korean Peninsula as U.S. President Donald Trump and North Korean leader Kim Jong-un held a historic summit on Tuesday. After holding the talks in Singapore, the two [...]
SEOUL, Jun. 10 (Korea Bizwire) — Shinsegae Group Vice Chairman Chung Yong-jin appears to have stepped up foreign market research ahead of the retailer’s launch of a premium grocery store in the United States next year. According to posts of Chung’s Instagram account, he appeared to have visited a food exhibition in the Netherlands last [...]
SEOUL, Jun. 8 (Korea Bizwire) — Move over rash guard, one-piece swimsuits and surfing suits are here! A very common sight on beaches and at swimming pools in previous years, rash guards are now being snubbed after the resurgence of one-piece swimsuits and bikinis. Surfing suits also saw a rise in sales thanks to an [...]
SEOUL, Jun. 8 (Korea Bizwire) — Sales of eco-friendly products spiked after national confusion over recycling last month, data from a leading online mall showed Friday. According to Gmarket, sales of some of the eco-friendly items nearly doubled in the April 5-May 4 period. Purchases of lidded silicone containers, for instance, increased 115 percent during [...]
SEOUL, June 4 (Korea Bizwire) — BGF Co., the investment unit of South Korea’s largest convenience store chain CU, said Monday that it has joined forces with a SK Group affiliate to better tap into the fast growing online grocery sector. The convenience store operator said it inked an agreement to buy new stocks of [...]
SEOUL, May 31 (Korea Bizwire) — South Korean retail giant Lotte on Thursday said it has unified the management of its scattered fashion businesses under the group’s apparel affiliate to secure competitiveness in the local fashion industry. Lotte Shopping Co., the operator of the conglomerate’s department store chain, said shareholders of its fashion business unit [...]
SEOUL, May 30 (Korea Bizwire) — BTS has developed into a worldwide sensation after topping the Billboard 200 Chart, and companies are rushing in to take full commercial advantage of the Korean boyband’s success. International fans of BTS have been visiting domestic online shopping platforms while concerts showcasing the K-pop stars have been selling out [...]
SEOUL, May 28 (Korea Bizwire) — Large Korean conglomerates such as Shinsegae, Lotte and CJ are expanding their offerings in the pet industry by catering to growing market demand. The companies have opened professional pet shops that provide a comprehensive array of products and services, from pet food and grooming services to even lodging for [...]
SEOUL, May 25 (Korea Bizwire) — The recent fad that has seen South Koreans flock to overseas Internet shopping websites to buy luxury items and premium electronics goods has expanded to include consumption of daily household items. The online shopping mall G9 operated by eBay Korea reported a 157 percent increase in sales of household [...]
SEOUL, May 25 (Korea Bizwire) — Under a ceiling made of paneled glass that allows the warm rays of the sun to light up the vast emporium, a beautiful, book-brimming space filled with the sound of soft music and people talking in whispers greets all those who come to experience the now famous Starfield Library [...]