SEOUL, Aug. 20 (Korea Bizwire) — The rise of the delivery industry is having a big impact on large retailers, forcing them to come up with new logistics services. South Korean online shopping malls Coupang and Market Kurly have led the paradigm shift in the delivery industry after introducing the early morning delivery service, which [...]
SEOUL, Aug. 19 (Korea Bizwire) — Humidifier disinfectants, suspected to have been a cause for at least dozens of deaths, were widely used in military barracks and hospitals in the early 2000s, a state-funded agency revealed Monday, raising speculation that a large number of service members could have been exposed to the chemicals. The Special [...]
SEOUL, Aug. 19 (Korea Bizwire) — With the spread of consumption trends that value personal taste, interest in custom-made products, or so-called handmade products, is growing. According to a survey of 1,000 men and women aged between 16 and 64 conducted by market researcher Embrain Trend Monitor, many consumers showed a willingness to wait longer [...]
SEOUL, Aug. 19 (Korea Bizwire) — The South Korean Supreme Court has ruled that a trademark registered by local car accessory manufacturer Bullsone Co. infringes on the trademark of Austrian energy drink manufacturer Red Bull GmbH. The Supreme Court overturned an earlier decision from the Patents Court ruling against Red Bull, which claimed that Bullsone [...]
SEOUL, Aug. 15 (Korea Bizwire) — South Koreans’ credit card spending on Japanese products has more than halved in the past month amid an escalating trade row between the two countries, government data showed Thursday. Korean consumers have staged a campaign against Japanese products and travel to the neighboring country since early July when Japan [...]
SEOUL, Aug. 14 (Korea Bizwire) — E-Mart Inc. has decided to buy back shares worth some 100 billion won (US$82 million) and securitize its assets through sale and leaseback arrangements. “At the current stage, we have to save up our capability, and use that capability when there is an opportunity,” said Shinsegae Group Vice Chairman [...]
SEOUL, Aug. 13 (Korea Bizwire) – British American Tobacco (BAT) Korea on Tuesday launched a new hybrid e-cigarette product to capture a share of the growing “potentially less risk” toxic tobacco market and expand its presence in the country. BAT Korea chose South Korea as the first market to promote its glo sens product, a combination [...]
SEOUL, Aug. 13 (Korea Bizwire) — E-Mart Inc. said Tuesday that it plans to raise 1 trillion won (US$820 million) by selling assets as the country’s top retailer is struggling with falling profitability amid increased competition with e-commerce giants here. The company said it plans to securitize its outlets worth 1 trillion won by the [...]
SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s health and beauty (H&B) store industry has suspended sales of Japanese beauty firm DHC Corp.’s products, which has mired in controversy for its anti-Korean remarks. Olive Young, a leading H&B store chain, said it has not been selling DHC products at its online store since Monday morning. [...]
SEOUL, Aug. 13 (Korea Bizwire) — Less than half of South Koreans are currently satisfied with their own bedroom, a recent survey has showed. According to Swedish furniture giant IKEA’s survey of 1,000 residents of Seoul and Gyeonggi Province, only 45.8 percent of all respondents said they were currently satisfied with their bedrooms. The respondents [...]