SEOUL, Dec. 21 (Korea Bizwire) — South Korean retailers are beefing up investment to introduce new technology that can contribute to minimizing delivery time, personnel and energy as a way to complete delivery within the shortest possible time. GS Retail Co. acquired a 1.3 percent stake in Kakao Mobility Corp. for 65 billion won (US$54.5 [...]
SEOUL, Dec. 14 (Korea Bizwire) — Foreign tobacco companies have launched eco-friendly programs to promote environmental, social and governance (ESG) management. Philip Morris Korea is replacing packaging materials such as tape and bubble wrap that are used for the delivery of its IQOS tobacco heating device with eco-friendly paper materials on a gradual basis. It [...]
SEOUL, Dec. 8 (Korea Bizwire) — Retailers are going beyond recycling to introduce upcycled products, so as to go beyond reusing old products to turn them into value-added merchandise. Hyundai Department Store Co. used old banners displayed on the outer walls of the store for advertisement and promotion to make upcycled bags, which are available [...]
SEOUL, Nov. 25 (Korea Bizwire) — Convenience store chain Emart24 said Wednesday that it has introduced an emergency detection system and cigarette vending machines at its fully automated Smart Coex store in southern Seoul to maximize security and convenience. The emergency detection system is capable of detecting various emergencies including customers collapsing or property damage [...]
SEOUL, Nov. 23 (Korea Bizwire) — Korean craft beers selling at convenience stores are enjoying a surge in popularity. Three years ago, the convenience store beer market was dominated by imported beers thanks to a hugely popular promotion in which four cans were selling for 10,000 won (US$8.42). Today, the situation has changed with each [...]
SEOUL, Nov. 22 (Korea Bizwire) — The pandemic has prompted many shoppers to make their purchases online, resulting in booming online sales across the retail landscape with the exception of a few regulated fields. The value of online shopping transactions stood at 46.9 trillion won (US$40.8 billion) in the April to June period of this [...]
SEOUL, Nov. 18 (Korea Bizwire) — Sales of outdoor activity products are on the rise as more and more people are eschewing the ‘stuck at home’ lifestyle resulting from the coronavirus pandemic, announced Shinsegae Department Store, one of the nation’s leading retailers, on Wednesday. The retailer said sales of outdoor-related products increased by 10 percent [...]
SEOUL, Nov. 8 (Korea Bizwire) — A shortage of urea water solution resulting from Chinese export restrictions is expected to expedite the process of introducing electric cargo trucks in the logistics and retail industry. Hanjin Transportation Co., the logistics arm of Hanjin Group, has been testing electric/hybrid delivery vehicles on Jeju Island since December of [...]
SEOUL, Nov. 8 (Korea Bizwire) — South Korean retailers are increasingly turning to metaverse platforms for marketing. Metaverse, a combination of meta (meaning beyond) and verse (from universe), refers to a three-dimensional virtual shared world in which all activities can take place with the help of augmented- and virtual-reality services. BGF Retail Co., the operator [...]
SEOUL, Nov. 2 (Korea Bizwire) — As the public’s interest in health and weight control increased following the COVID-19 pandemic, ‘low food’ that has been regarded as a niche product is emerging as a main product for the South Korean food industry. Low food refers to food that has reduced levels of specific ingredients such [...]