SEOUL, Jun. 27 (Korea Bizwire) — E-Mart Inc., South Korea’s largest hypermarket chain operator, on Wednesday unveiled its new discount store brand, as it strives lure more consumers out to offline malls in the face of tough competition with online retailers. The 2,513-square-meter store, Pierrot Shopping, will open to the public at the Convention and [...]
SEOUL, Jun. 25 (Korea Bizwire) — Popular online shopping mall 11Street’s platform that allows overseas individuals to make purchases from South Korean vendors revealed that Taiwanese shoppers had topped the list of foreign buyers who purchased K-pop idol-related goods. 11Street revealed today that the largest percentage of its online overseas buyers came from Taiwan, accounting [...]
SEOUL, Jun. 21 (Korea Bizwire) — LG Uplus Corp. said Thursday it will release a new fan equipped with the Internet-of-Things (IoT) technology under cooperation with Shinil Industrial Co., a local appliance manufacturer. LG Uplus said the new IoT fan will connect to its “IoT@home” application, allowing users to easily activate and control the product. [...]
SEOUL, Jun. 21 (Korea Bizwire) — South Korean discount store chain operators said Thursday that they have increased their numbers of cashierless counters in an apparent move to cut costs and queuing times. E-Mart Inc., the country’s largest big-box chain operator, first adopted the system in January and said the number of stores with unmanned [...]
SEOUL, Jun. 19 (Korea Bizwire) — With the Korean national soccer team falling to Sweden in its first match at the 2018 World Cup in Russia, analysts have noted that marketing efforts in the food and beverage industry, which usually plays up the international event, haven’t gained much traction this time around. Although larger issues [...]
SEOUL, Jun. 19 (Korea Bizwire) — Local convenience stores saw their sales jump as tens of thousands of South Koreans took to the streets to cheer on their national football team in the first game of its World Cup campaign, retailers here said Tuesday. BGF Retail Co., the operator of the country’s largest convenience store [...]
SEOUL, Jun. 19 (Korea Bizwire) — Retailers are adding evening programs at their culture centers to accommodate office workers who will have extra time due to shortened legal working hours starting next month, industry officials said Tuesday. More customers are registering in evening classes at some retailers, including Hyundai Department Store, which increased after-work programs [...]
SEOUL, Jun. 18 (Korea Bizwire) — Philip Morris Korea Inc. said Monday that switching to its heat-not-burn device, IQOS, reduces health risks compared with continued smoking, citing its six-month clinical study amid controversy over harmful substances from the smoke-free product. According to its study, eight measures of biological response improved in those who switched to [...]
SEOUL, Jun. 15 (Korea Bizwire) — Better relations between North Korea and the United States could open up the hermit state to Western brand franchises, a notion that local industry watchers said Friday is possible but premature at this stage. If such a day does come, decisions and preparations would be made by the overseas [...]
SEOUL, Jun. 13 (Korea Bizwire) — With summer around the corner, fashionistas are preparing to bare their shoulders as the “off-the-shoulder” look is set to become the hottest trend this season. Online shopping website Gmarket revealed yesterday that demand for off-the-shoulder clothing products for women increased sixfold last month compared to the same period last [...]