Retail & Consumer Goods Archives | Page 2 of 145 | Be Korea-savvy

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Convenience Store Operators Agree to Avoid Excessive Competition

Convenience Store Operators Agree to Avoid Excessive Competition

SEJONG, Dec. 4 (Korea Bizwire) — South Korean convenience store operators agreed Tuesday not to engage in cut-throat competition in the latest move to better protect struggling franchisees. A key centerpiece of the voluntary deal calls for CU, GS25 and Seven-Eleven and three other convenience store brands to decide “carefully” over whether to open a [...]

S. Korean Fashion Firm Handsome Unveils AI-designed Clothes

S. Korean Fashion Firm Handsome Unveils AI-designed Clothes

SEOUL, Nov. 28 (Korea Bizwire) — South Korean fashion company Handsome said Wednesday it will release the country’s first clothes designed with artificial intelligence technology. Handsome, an affiliate of Hyundai Department Store Group, said it joined forces with Designovel to create new patterns for clothes released under the SJYP brand. Designovel is a startup specializing [...]

Emart24 Offers ‘Good Taste’ Guarantee

Emart24 Offers ‘Good Taste’ Guarantee

SEOUL, Nov. 26 (Korea Bizwire) — Emart24, Shinsegae Group’s convenience store chain, is offering a one-month food guarantee service in December that offers customers a full refund if a food product tastes bad, as it plans to attract new customers and stimulate franchise activities. All refund costs will be paid by Emart24. The food guarantee [...]

S. Korea Counters Philip Morris’ Info Disclosure Lawsuit

S. Korea Counters Philip Morris’ Info Disclosure Lawsuit

SEOUL, Nov. 26 (Korea Bizwire) — South Korea’s food and drug watchdog said Monday it has filed a response to Philip Morris Korea Inc.’s lawsuit over the disclosure of information on its research on harmful substances found in alternative tobacco products. The Ministry of Food and Drug Safety said it has selected a local law [...]

Cosmetics Store Managers Push for Coexistence amid Fierce Competition

Cosmetics Store Managers Push for Coexistence amid Fierce Competition

SEOUL, Nov. 23 (Korea Bizwire) — Managers of brick and mortar cosmetics shops are taking to the streets amid cutthroat competition with online stores. Some twenty managers staged a rally in front of the LG office building in Gwanghwamun on Thursday, complaining that online price competition is making their business intolerably difficult. “We want to [...]

S. Korean Smartphone Retailers Protest Apple’s Policy

S. Korean Smartphone Retailers Protest Apple’s Policy

SEOUL, Nov. 21 (Korea Bizwire) — A group of South Korean smartphone retailers on Wednesday protested against U.S. tech giant Apple Inc. for its practice of forcing them to purchase in-store tester iPhones. “Normally, most manufacturers provide all smartphones needed for display, which are collected later,” the Korea Mobile Distributors Association (KMDA) said in its [...]

Mobile Payments at Convenience Stores Spike This Year

Mobile Payments at Convenience Stores Spike This Year

SEOUL, Nov. 20 (Korea Bizwire) — Mobile payments at South Korean convenience stores have more than doubled this year thanks to the greater use of smartphones and the expansion of mobile settlement services, a market player said Tuesday. South Korea’s top convenience store chain CU said the number of so-called easy mobile payments at its [...]

Vietnamese Consumers Positive About S. Korean Goods: Poll

Vietnamese Consumers Positive About S. Korean Goods: Poll

SEOUL, Nov. 20 (Korea Bizwire) — The bulk of Vietnamese consumers are positive about the design and image of South Korean goods, but many feel burdened by their high prices, a poll showed Tuesday. The survey of 2,000 Vietnamese people, taken by the Ho Chi Minh City office of the Korea International Trade Association (KITA), [...]

S. Korea’s Mid-sized Cosmetics Firms Report Weak Earnings in Q3

S. Korea’s Mid-sized Cosmetics Firms Report Weak Earnings in Q3

SEOUL, Nov. 18 (Korea Bizwire) — South Korea’s mid-sized cosmetics companies suffered losses in the third quarter of this year as they strived to reform their business structures in the face of tough competition at home, industry sources said Sunday. Able C&C, which operates budget cosmetics brand Missha, swung to the red in the July-September [...]