SEOUL, Aug. 7 (Korea Bizwire) — Hanssem, an interior and lifestyle company, said Monday it will open its first Chinese branch in Shanghai this week to compete in the 740 trillion-won (US$656 billion) market. The two-story Hanssem Shanghai Flagship Store will open Tuesday in the Changning District. The store will cover some 13,000 square meters, [...]
SEOUL, Aug. 4 (Korea Bizwire) — Market research firm Consumer Insight announced on August 3 that it had conducted a study on South Korean consumer shopping habits and their changes in partnership with the Distribution Research Center at Hanyang University. Whether it was because of the hot summer weather or other factors, the findings showed [...]
SEOUL, Jul. 31 (Korea Bizwire) — The center of the South Korean distribution industry is shifting from mega-sized retailers and department stores to easily-accessible convenience stores and online sales at an unexpected pace. The sales growth rate of large-sized retailers and department stores in the first half of the year remained stagnant, but convenience stores [...]
SEOUL, Jul. 31 (Korea Bizwire) — GS Retail Co., a major convenience store chain operator, said Monday it has signed an agreement with a Vietnamese company to make inroads into the Southeast Asian market. The Korean firm said it signed a deal with SonKim Group in Ho Chi Minh City on Thursday to set up [...]
SEOUL, Jul. 28 (Korea Bizwire) — On July 26, an ecofeminist group held a press conference in Seoul’s Myeongdong shopping district to announce the results of a market research study of clothing sizes offered by 31 different apparel companies. Conducted this month, the list of companies included in the study are popular brands such as [...]
SEOUL, Jul. 27 (Korea Bizwire) — Sanitary products company Yuhan-Kimberly announced on Wednesday it has decided to donate diapers to premature babies that weigh less than 2.2 kilograms. As part of a new initiative beginning in August to raise awareness of and support premature babies, Yuhan-Kimberly will supply the company’s ‘Nature Made Premature’ diapers in size small [...]
SEOUL, July 25 (Korea Bizwire) – A new Cosmetics Act amendment allowing cosmetics companies to repackage and sell imported products in small quantities has been passed by the State Council, the Ministry of Food and Drug Safety said on Tuesday. According to the MFDS, the government agency in charge of protecting public health and ensuring the [...]
SEOUL, Jul. 24 (Korea Bizwire) — A big data analysis of credit card usage at businesses within a 1km radius of the five busiest subway stations in Seoul revealed Hongdae Station to be at the head of the pack, with Express Bus Terminal Station lagging behind. According to the Seoul Metropolitan Government, the five busiest [...]
SEOUL, Jul. 24 (Korea Bizwire) — Sales of locally sourced vegetables are on the rise in South Korea as an increasing number of consumers show interest in the fresher and cheaper alternatives. According to South Korean retail giant Lotte Mart, sales of locally sourced vegetable products during the first half of this year increased by over [...]
SEOUL, Jul. 24 (Korea Bizwire) — SK Telecom Co. said Monday it agreed to join forces with a major South Korean convenience store chain to deploy its artificial intelligence product NUGU to help store clerks. The country’s No. 1 mobile carrier said it will test-run NUGU at South Korea’s largest convenience store chain CU in [...]