SEOUL, Sept. 28 (Korea Bizwire) — E-Mart Inc., South Korea’s largest discount hypermarket chain by sales, said Friday it will launch the first outlet of its premium grocery store in Los Angeles next year, the latest in a series of moves to expand its presence abroad. E-Mart has signed a 10-year contract to lease three [...]
SEOUL, Sept. 27 (Korea Bizwire) — Global furniture giant Ikea said Thursday it has voluntarily begun recalling ceiling lamps due to safety issues following reports of glass shades falling. The decision affects 432 Calypso ceiling lamps sold in South Korea after Aug. 1, 2016, the company’s local unit said. About 100 cases of glass shades [...]
SEJONG, Sept. 19 (Korea Bizwire) — Sales of cigarettes in South Korea declined 1.1 percent in the first eight months of 2018 from a year earlier due to a government-led anti-smoking campaign and higher prices, data showed Wednesday. South Korean smokers purchased 2.31 billion 20-cigarette packs in the January-August period, compared with the previous year’s [...]
SEOUL, Sept. 17 (Korea Bizwire) — GS Retail Co., a major South Korean retailer, said it opened a “smart convenience store” using a face recognition system and other technologies Monday amid local retail firms’ race to automation. The company launched its convenience store chain GS25 outlet at the headquarters of LG CNS, the information technology [...]
SEOUL, Sept. 17 (Korea Bizwire) — Convenience stores situated in the nation’s leading industrial complexes were found to be playing the dual role of restaurant and drugstore during the nation’s major holidays, providing food and medicine to those unable to return to their hometowns. The National Convenience Store Association announced today that the sales ratio [...]
SEOUL, Sept. 17 (Korea Bizwire) — The previous world record for the greatest number of people simultaneously performing the ice A new survey has found that women are more likely to purchase larger-sized beverages than men at convenience stores. According to an analysis conducted by GS Retail, the operator of the convenience store chain GS [...]
SEOUL, Sept. 12 (Korea Bizwire) – South Korea’s large retailers affiliated with family-controlled conglomerates, or chaebol, account for more than 60 percent of violations of a related law over the past five years, a report showed Wednesday. The Fair Trade Commission (FTC), South Korea’s antitrust watchdog, detected 48 breaches of the act on fair transactions [...]
SEOUL, Sept. 6 (Korea Bizwire) — Thanks to the newly imposed government edict limiting official working hours to 52 per week, an increasing number of men were found to be shopping online for household goods after spending more time at home in the evening after returning from work. According to the popular e-commerce website Auction, [...]
SEOUL, Sept. 6 (Korea Bizwire) — Sales of tumblers at local coffee franchises surged last month amid the government’s push to reduce the use of plastic cups and straws to protect the environment. Since last month, the government has been clamping down on coffee shops that provide drinks in disposable cups without first asking customers. [...]
SEOUL, Sept. 4 (Korea Bizwire) — Shinsegae Group, which operates high-end department stores throughout the nation, announced that it is launching a new smartphone app that will allow shoppers to check, in real-time, the wait time at restaurants situated within Shinsegae malls. Through the service, which launched at Shinsegae’s Gangnam branch yesterday and will roll [...]