SEOUL, Jul. 17 (Korea Bizwire) — Sales at South Korean duty-free stores hit a new half-year high, industry data showed Wednesday, on the back of the opening of new downtown shops and on-arrival duty-free shops here. The combined sales of local duty-free shops reached 11.66 trillion won (US$9.87 billion) during the January-June period, compared with [...]
SEOUL, Jul. 15 (Korea Bizwire) — So-called ‘ugly fruits’ with defects are increasingly popular at online markets. Fruits with defects have either been affected by bugs or have problems in appearance and went unsold at supermarkets and other places, discarded as ‘ugly fruits.’ E-commerce company TMON Inc. said Sunday that sales of ‘ugly fruit’ jumped [...]
SEOUL, Jul. 12 (Korea Bizwire) — A recent survey has revealed that 7 out of 10 Koreans plan to participate in a boycott against Japanese products amid Japan’s measures to impose restrictions on exports to South Korea. According to a survey conducted by Realmeter commissioned by Traffic Broadcasting System (TBS), of the total survey participants, [...]
SEOUL, Jul. 11 (Korea Bizwire) — South Korean apparel received major attention at Milano Unica Rho 2019, Italy’s top-end textile fair. Students from Istituto Marangoni in Milan, one of world-class fashion schools, used Korean fabric to create five exquisite garments for the Korean exhibition hall. The Korea Trade-Investment Promotion Agency (KOTRA) joined hands with the [...]
SEOUL, Jul. 9 (Korea Bizwire) — South Koreans are increasingly boycotting Japanese products following Japan’s recent export restrictions. At convenience stores and shopping malls, sales of Japanese beer have fallen despite the scorching summer heat, leading many to believe that the boycott movement is spreading among South Korean consumers. Emart Inc., South Korea’s largest hypermarket [...]
SEOUL, Jul. 9 (Korea Bizwire) – South Korea was the world’s No. 2 heated tobacco market last year, and its growth will gather pace down the road, an industry tracker said Tuesday. The size of South Korea’s heat-not-burn electronic cigarette market reached US$1.67 billion last year, rising sharply from $453 million tallied in 2017, according [...]
SEOUL, Jul. 4 (Korea Bizwire) — A recent survey has found that “Untact” service, which helps users minimize contact with people and provides services with limited human interaction, increased sharply for customers in their 40s. Hyundai Card, a credit card service provider, unveiled Wednesday the results of its analysis of data on the use of [...]
SEOUL, Jun. 27 (Korea Bizwire) — The 2019 Seoul Summer Sale for foreign tourists will kick off next month for a one-month run, the event’s organizer said Thursday. The annual festival is designed to give foreign tourists visiting Seoul with remarkable shopping benefits by providing a variety of discount coupons that can be used in [...]
SEOUL, Jun. 27 (Korea Bizwire) — Emart Inc.’s Pierrot Shopping has attracted 4.2 million visitors just 12 months since its grand opening, based on the popularity among young customers and foreigners. A brand led by Shinsegae Group Vice Chairman Chung Yong-jin, Pierrot Shopping has opened eight stores, including six in Seoul, since it was first [...]
SEOUL, Jun. 24 (Korea Bizwire) — After years of struggle in the face of a decline in Chinese tourists and increased competition, South Korea’s duty-free operators are in search of a more stable and sustainable business portfolio — to reduce their reliance on Chinese visitors and generate decent profits. The country’s duty-free business has raked [...]