SEOUL, Jun. 21 (Korea Bizwire) — The first shared kitchen at a highway rest area, where two or more owners can operate at different time periods in one shared space, has started full-scale operations, the Ministry of Food and Drug Safety said. The first projects for “Shared Kitchen,” opened Thursday at the Seoul Underground Rendezvous [...]
SEOUL, Jun. 21 (Korea Bizwire) — Consumer preferences for imported beer, a popular convenience store purchase, are changing. CU, a convenience store chain operated by BGF Retail Co., analyzed the changes in the percentage of beer sales by country of origin over the past five years, and found that the status of Japanese beer, which [...]
SEOUL, Jun. 18 (Korea Bizwire) — It is hard for consumers to live without online and mobile shopping, and for retailers already struggling with a slump in store traffic and the subsequent fall in direct to consumer sales, living up to the trend may be pronounced in the face of cutthroat competition with a slew [...]
SEOUL, Jun. 17 (Korea Bizwire) — The Korea Trade-Investment Promotion Agency (KOTRA), jointly with other South Korean government agencies, held a K-beauty promotion event in Belgium on Friday. The event, titled ‘K-Beauty in Belgium’, took place to promote the South Korean cosmetics industry in the European market. Nature Republic Co. and 11 other South Korean [...]
SEOUL, Jun. 17 (Korea Bizwire) — Cosmetics shops in South Korea that have been leading the K-beauty industry over the last 15 years are facing a harsh financial reckoning due to excessive competition and plunging Chinese demand. Cosmetics shops, after reaching a market size of 2.8 trillion won (US$2.3 billion) in 2016, have been on [...]
SEOUL, Jun. 10 (Korea Bizwire) — In the age of 10 million pets, services for pet owners are evolving rapidly. According to pet industry watchers on Sunday, new services such as one-hour delivery of pet products, pet sitters, moving robot closed-circuit television (CCTV) cameras and other services that were previously unavailable are emerging as a [...]
SEOUL, Jun. 10 (Korea Bizwire) – Flagship-style stores doubling as cultural spaces created by fashion companies and others to promote their products and brands have recently emerged as “hot places.” Various amenities are being built in these spaces where people have direct access to products, attracting customers who want to enjoy leisure time. According industry watchers [...]
BUSAN, Jun. 5 (Korea Bizwire) — Watermelon, a best-seller in hot summer weather at large discount store, is found to show a huge difference in sales depending on how it is sold and what type of watermelon it is. According to Emart Inc. on Tuesday, out of six stores in Busan from April 1 to [...]
SEJONG, Jun. 4 (Korea Bizwire) — South Korea said Tuesday that it is considering raising the ceiling on purchases at duty-free shops by locals in line with a rise in people’s incomes. Currently, South Koreans can buy goods worth up to US$3,600 at duty-free stores in South Korea, including arrival duty-free shops that opened earlier [...]
SEOUL, May 31 (Korea Bizwire) — South Korea launched its first on-arrival duty-free shops on Friday, with the government planning to ease the purchase limit at departure stores and to provide better tax benefits for travelers. Three arrival duty-free shops opened at Incheon International Airport, with two of them located in Terminal 1 and the [...]