SEOUL, Jan. 25 (Korea Bizwire) — Apple Korea has unveiled a first look at the very first Apple Store in South Korea, which will open on Garosu-gil in the Sinsa neighborhood at 10 a.m. this Saturday. According to photos of Apple Garosugil which were released on Thursday, the new Seoul Apple store will share the signature [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korea’s beauty and fashion brands are leading a new round of hallyu, or the Korean Wave, in Japan, where the market for the products is growing, a local trade body said Thursday. Japan imported 2.68 billion yen (US$24.47 million) worth of cosmetics from South Korea in the January-September [...]
SEOUL, Jan. 24 (Korea Bizwire) – Sales of cigarettes in South Korea dipped almost 4 percent in 2017 from a year earlier, due to the government-led anti-smoking campaign, and higher prices, data showed Wednesday. South Korean smokers purchased 3.45 billion 20-cigarette packs last year, compared with the previous year’s 3.66 billion packs, according to data [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korean retail giant Shinsegae will purchase a local furniture company for 180 billion won (US$167.8 million) Wednesday as it attempts to tap into the country’s home furnishing industry, sources said. Shinsegae Department Store will sign a contract with Casamia Co.’s founder and other specially related persons to purchase [...]
SEOUL, Jan. 23 (Korea Bizwire) — Sales to foreigners at South Korean duty-free stores reached a new record high in December, industry data showed Tuesday, despite a sharp drop in the number of tourists, following a diplomatic spat between Seoul and Beijing over a U.S. anti-missile system. Sales to foreigners at local duty-free shops came [...]
SEOUL Jan. 19 (Korea Bizwire) – The market for niche perfumes in South Korea has grown steadily in the past few years as a consumer mindset centering on the acquisition of “minor luxuries” and devotion to the highlighting of personal taste and artistic inclination has bloomed. According to industry insiders, sales of niche perfumes at [...]
SEOUL, Jan. 18 (Korea Bizwire) — When shopping for home appliances via overseas direct purchasing — ordering products from online stores abroad and having the goods shipped to one’s personal address via a third party — stick to vacuum cleaners and avoid coffee machines, an overview of the market of has found. The Korea Consumer [...]
SEOUL, Jan. 18 (Korea Bizwire) — GS Retail Co., a major convenience store chain operator, said Thursday its first two foreign branches are set to open in Vietnam, as local convenience stores accelerate their overseas push amid fierce competition at home. The South Korean firm said two GS25 stores will open in Ho Chi Minh [...]
SEOUL, Jan. 18 (Korea Bizwire) — With the three major telecom operators SK Telecom, KT and LG Uplus closing the gap in affordable pricing for phones and rate plans since last September, South Korea’s mobile virtual network operators (MVNO) are increasingly losing customers while simultaneously failing to attract new users. Unlike the triumvirate of traditional [...]
SEOUL, Jan. 17 (Korea Bizwire) – Sales at South Korean duty-free stores reached an all-time high last year, despite a sharp drop in the number of foreign tourists following a diplomatic row between Seoul and Beijing over a U.S. anti-missile system, customs data showed Wednesday. Combined sales to foreigners at 48 local duty-free shops came to 14.5 trillion won (US$13.6 billion) in 2017, up 17.9 percent from 12.3 trillion won tallied the previous year, according to [...]