SEOUL, June 14 (Korea Bizwire) — South Korean retail giant Shinsegae Group has formed partnerships with major retailers to reduce the influence of e-commerce operator Coupang Inc. Gmarket, the group’s online shopping subsidiary, said Tuesday it will carry out a special promotion in collaboration with Auction, CJ Cheiljedang Corp., LG Household & Health Care Ltd., [...]
SEOUL, June 13 (Korea Bizwire) — A variety of businesses, including major retailers, are enhancing their marketing campaigns related to the upcoming 2023 BTS Festa, which will celebrate the 10th debut anniversary of the K-pop supergroup BTS. Kurly Corp., the operator of the e-grocery platform Market Kurly, is planning to host a special promotional event [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s retail industry is expanding benefits for paid membership customers in order to increase the number of loyal customers and secure profitability. Shinsegae Group on Thursday unveiled the Shinsegae Universe integrated membership service, which includes six online and offline affiliates such as E-Mart and Starbucks. Shinsegae plans to [...]
SEOUL, June 7 (Korea Bizwire) — South Korea’s home shopping industry, grappling with poor sales performance due to a decline in television viewership, is incorporating high-end digital technology to attract customers. CJ OnStyle replaced all four of its studios with a digital studio in February, aiming to enhance the customer viewing experience through interactive video [...]
SEOUL, June 5 (Korea Bizwire) — South Korean convenience store industry’s strategy to maximize offline sales by utilizing online platforms is gaining momentum. Convenience store chain CU placed a hangover relief jelly at its physical stores after the product gained popularity among young people when it was released on its mobile application Pocket CU in [...]
SEOUL, June 5 (Korea Bizwire) — South Korea’s offline retail industry is actively pursuing a breakthrough as a lifestyle platform amidst the continuous expansion of online commerce. Leading health and beauty (H&B) store operator CJ Olive Young recently introduced separate liquor sales counters at major outlets, including Gangnam and Euljiro in Seoul. Initially, CJ Olive [...]
SEOUL, May 31 (Korea Bizwire) — In the era of high inflation, convenience stores are striving to attract budget-conscious young consumers by introducing highly cost-effective private brand (PB) products. GS25, a convenience store chain, plans to offer its PB ice Americano and Americano, originally priced at approximately 2,000 won each (US$1.52), at a significantly discounted [...]
SEOUL, May 25 (Korea Bizwire) — After an on-site inspection of Fukushima’s contaminated water conducted by a team that excluded civilian experts, concerns have arisen regarding Japan’s push to resume seafood imports from Fukushima. The verification of the contaminated water is nearly impossible, making it highly likely that Japan’s next move will involve lifting the [...]
SEOUL, May 23 (Korea Bizwire) — The rivalry between Yonsei University and Korea University has extended to the shelves of CU outlets, with a new competition arising after the convenience store chain started selling baked goods featuring the names and logos of these universities. The rivalry between these two colleges, founded over 100 years ago, [...]
SEOUL, May 19 (Korea Bizwire) — Galleria Department Store announced on Thursday that it would open a unique popup store in its luxury hall, focusing on the concept of ‘tech’. Organized by Xorbis, a developer of digital exhibition and media technology, the popup store will offer visitors the opportunity to experience the Sketcher X robot, [...]