SEOUL, Jan. 21 (Korea Bizwire) — It has been reported that since the introduction of the government imposed 52-hour workweek, the number of individuals attending department store cultural centers has increased. Lotte Department Store, the country’s leading retailer, reported on Monday that the number of students attending its cultural centers had increased by 3.5 percent [...]
SEOUL, Jan. 14 (Korea Bizwire) — Sales at South Korean duty-free stores continued to show solid growth, reaching their highest-ever figure in 2018, despite a drop in Chinese travelers following a diplomatic row over the deployment of an advanced U.S. missile defense system here, industry data showed Monday. According to the data from the Korea [...]
SEOUL, Jan. 11 (Korea Bizwire) — A new study has revealed that more than 70 percent of South Korean adults over 20 years of age have ‘kidult’ tendencies. Gmarket, a South Korean online shopping mall, conducted a survey of 710 customers, 73 percent of whom said they like products made for children. Among the respondents, [...]
SEOUL, Jan. 11 (Korea Bizwire) — Female sanitary products will be distributed to those in need using KakaoTalk, a mobile messenger. The Seoul Metropolitan Government, in collaboration with Kakao Commerce Corp. and Yuhan-Kimberly Ltd., will be distributing free sanitary pads and other female products to 1,500 teenagers living in Seoul’s Gangseo District via KakaoTalk. The [...]
SEOUL, Jan. 9 (Korea Bizwire) — Recent restrictions on the use of disposable products have led to the rise of eco-friendly products. Gmarket, a popular online shopping site, reported that sales of tumblers had increased by 45 percent over the past month. Gmarket reported on January 8 that mug sales had increased by 18 percent, [...]
SEOUL, Jan. 8 (Korea Bizwire) — Sales of hand sanitizers and facial masks, as well as health products, spiked last month amid influenza season, industry data showed Tuesday. According to the data by discount store chain Lotte Mart, sales of facial masks jumped 15.6 percent in the Dec. 1-30 period compared to a year earlier. [...]
SEOUL, Jan. 6 (Korea Bizwire) — The number of new convenience stores in South Korea moved down in 2018 from a year earlier, industry data showed Sunday, due mainly to an increase in labor costs and the market’s saturation. According to industry data, new CU branches, operated by BGF Retail Co., posted a net increase [...]
SEOUL, Jan. 4 (Korea Bizwire) — E-Mart Inc. has announced a new pricing policy called ‘Citizen’s Price’ as its first project this year to strengthen offline competitiveness. The Citizen’s Price initiative includes plans to significantly reduce prices of fresh goods and everyday necessities. The initiative comes after Chung Yong-jin, Vice Chairman of Shinsegae Group that operates E-Mart, [...]
SEOUL, Dec. 31 (Korea Bizwire) — A shopping mall specializing in refurbished products has seen its sales soar after selling its goods at bargain basement prices. The company reportedly sold nutrition cream worth 50,000 won (US$44.92) for only 2,500 won (US$2.25) and facial masks worth 1,000 won for just 99 won. These shocking prices spread [...]
SEOUL, Dec. 28 (Korea Bizwire) — CU, a South Korean convenience store chain by BGF Retail, has launched a rental service for shopping bags. Now, instead of using plastic bags, customers can rent a large shopping bag for 500 won (US$0.45). Customers can get their money back by returning the bags to any CU store. [...]