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Archive by category Retail & Consumer Goods

Online Shopping by Customers in Their 50s and 60s Surges

Online Shopping by Customers in Their 50s and 60s Surges

SEOUL, Jan. 10 (Korea Bizwire) – The upper middle-aged crowd in their 50s and 60s are figuring out this online shopping thing, and in the process, are recording massive boosts in spending on the internet. According to the results of an analysis of shopping patterns exhibited by clientele aged 50 and above, e-commerce website Wemakeprice [...]

S. Korean Gov’t to Help Cosmetics Companies Expand Presence in ASEAN Market

S. Korean Gov’t to Help Cosmetics Companies Expand Presence in ASEAN Market

SEOUL, Jan. 10 (Korea Bizwire) — The South Korean government will assist local cosmetics makers in expanding their presence in the Association of Southeast Asian Nations (ASEAN) market, the government said Wednesday. The Ministry of Food and Drug Safety will expand education programs for local manufacturers, covering topics such as customs procedures and product registration, [...]

Drugmaker Celltrion Surpasses Hyundai Motor in Market Value

Drugmaker Celltrion Surpasses Hyundai Motor in Market Value

SEOUL, Jan. 8 (Korea Bizwire) – Drugmaker Celltrion Inc.’s stock has made significant gains in recent days, surpassing Hyundai Motor Co. in terms of market value, data showed Monday. Celltrion shares jumped 55.12 percent over the past 7 trading sessions to 302,500 won (US$283.29) on Monday closing, pushing the company’s capitalization to a record 37.1 trillion won. Hyundai Motor’s market capitalization stood at 33.2 trillion won as of Monday closing. Celltrion’s [...]

Food Companies Striving to Develop Microwavable HMR Packing Containers

Food Companies Striving to Develop Microwavable HMR Packing Containers

SEOUL, Jan. 4 (Korea Bizwire) — South Korean food processing firms are striving to develop microwavable packing containers for frozen and instant foods amid the growing popularity of home meal replacement (HMR) products, industry sources said Thursday. The size of the local packaging industry stood at 44.2 trillion won (US$41.4 billion) in 2015 while the [...]

Woongjin to Re-enter Water Purification Business

Woongjin to Re-enter Water Purification Business

SEOUL, Jan. 3 (Korea Bizwire) – Woongjin Corp. said Wednesday it will re-enter the water purification business, five years after it sold off South Korea’s top water purification maker amid financial difficulties. In 2013, then cash-strapped Woongjin sold a 30.9 percent stake in Woongjin Coway Co. for about 1.2 trillion won (US$1 billion) to MBK [...]

Number of People Attending Stop Smoking Program Rises amid High Cigarette Prices: Sources

Number of People Attending Stop Smoking Program Rises amid High Cigarette Prices: Sources

SEOUL, Jan. 3 (Korea Bizwire) — The number of people attending a stop smoking program at Saint Mary’s Hospital in Seoul rose this year from 2017 amid rising cigarette prices and the expansion of nonsmoking zones, a hospital official said Wednesday. As many as 26 people have applied for the stop smoking camp run by [...]

Online Shopping Purchases Continue to Rise in November

Online Shopping Purchases Continue to Rise in November

SEJONG, Jan. 2 (Korea Bizwire) – Purchases made through Internet and mobile devices in South Korea continued to rise in November as use of smartphones have fully caught on with local consumers, government data showed Tuesday. Transactions made with smartphones and tablets reached 7.55 trillion won (US$7.06 billion) in the one-month period, up a solid [...]