SEOUL, July 14 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s sixth-largest tiremaker by sales, said Wednesday it will make and sell more of the limited edition footwear produced by using recycled tires through a collaboration with domestic startup Treadngroove as the existing inventory had sold out. The two companies jointly produced a [...]
SEOUL, July 12 (Korea Bizwire) — South Korean food company Fresheasy said Tuesday its meal-kit products will be made available on three Singapore e-commerce platforms — Shopee, Lazada and Qoo10 — as it tries to expand its market presence in Southeast Asia. Fresheasy is a South Korean food startup that makes ready-to-eat meal products of [...]
SEOUL, July 11 (Korea Bizwire) — The Seoul city government on Monday announced plans to develop and install unmanned digital terminals and kiosks for the elderly, people with disabilities and digitally vulnerable people in a bid to cope with the digital divide problem. The city government said it will first develop unmanned terminals by year’s [...]
SEOUL, July 11 (Korea Bizwire) — Southeast Asia is becoming a new battleground for South Korean convenience store chains, with local brands rushing to open stores in countries such as Malaysia and Vietnam. Local convenience store chain GS25′s operator, GS Retail, said Monday it has joined hands with Malaysian retail conglomerate KK Group to make [...]
SEOUL, July 11 (Korea Bizwire) — South Korea’s major retailers are stepping up marketing efforts with a focus on price competitiveness with high inflation showing no sign of abating. GS Retail Co.’s online shopping store GS Fresh Mall promoted about 30 different items through the ‘Everyday Good Price’ event from July 1 to 8. Sales [...]
SEOUL, July 7 (Korea Bizwire) — Convenience store owners are considering imposing extra charges during late night hours in protest of the recent decision to raise the minimum wage next year. The Korea Franchisee Union, comprised of all franchisees of major convenience store chains, said Wednesday that it has decided to ask convenience store chains [...]
SEOUL, July 6 (Korea Bizwire) — South Korean convenience chains said Wednesday they plan to introduce limited drone delivery services in selected stores in leisure destinations, as competition to provide faster deliveries heats up. BGF Retail, the operator of CU convenience stores, said Wednesday it will start offering drone deliveries from its store in the [...]
SEOUL, July 5 (Korea Bizwire) — E-Mart Inc., the country’s biggest discount store chain, declared that it will continue to sell major daily necessities at the lowest price as part of efforts to attract more customers in the era of high inflation. The company said Monday that it will select 40 different types of major [...]
SEOUL, July 1 (Korea Bizwire) — A digital transformation is taking place in South Korea’s convenience store industry, with local retailers racing to open stores installed with the latest retail technologies. GS Retail, the operator of local convenience store chain GS25, opened its first smart store, called the GS25 DX LAB, in southern Seoul on [...]
SEOUL, June 21 (Korea Bizwire) — Mini-packaged goods are selling well at large discount stores and the number of subscription coupon users is increasing for convenience stores as inflation woes persist. Discount store chain Homeplus saw the share of mini-packaged fisheries products sold during the period from June 1 to 15 mark a 20-fold increase [...]