SEOUL, Sept. 11 (Korea Bizwire) – In a sign of growing environmental consciousness among South Korean consumers, Hyundai Department Store announced on September 10 that it has sold out of its 10,000 eco-friendly fruit gift sets ahead of the Chuseok holiday. These sets, notably free of plastic packaging, mark a significant shift in the company’s approach [...]
HANGZHOU, China, Sept. 10 (Korea Bizwire) — Alibaba Group’s AliExpress said Tuesday it will step up marketing campaigns in South Korea with an aim of securing more than half of online shopping platform users in South Korea within three to five years. In a press conference held in Hangzhou, AliExpress Korea Chief Executive Ray Zhang [...]
SEOUL, Sept. 6 (Korea Bizwire) – CJ Logistics, a leading South Korean transportation and logistics company, has reported growing popularity for its AI-driven freight transportation platform, ‘the unban.’ The platform, which directly connects shippers with truck drivers, has gained traction due to its next-day payment system, the company announced on September 5. Launched in July 2023, [...]
SEOUL, Sept. 6 (Korea Bizwire) – As inflation continues to squeeze household budgets, South Korean consumers are increasingly turning to budget-friendly options at convenience stores. CU, one of the country’s leading convenience store chains, reported a significant surge in sales of products priced under 1,000 won on September 5. The trend reflects a broader shift in [...]
SEOUL, Sept. 2 (Korea Bizwire) – In a move that blends environmental consciousness with consumer engagement, Kakao, the South Korean internet giant, announced on September 2 a collaborative effort with Nespresso to breathe new life into used coffee capsules. The initiative, dubbed the Coffee Capsule Upcycling Encore Project, is set to run through Kakao Makers, [...]
SEOUL, Aug. 29 (Korea Bizwire) – In a bold move to redefine luxury retail, Shinsegae Department Store has opened its most ambitious VIP facility to date. The Personal Shopper Room (PSR), a lavish 3,627-square-foot space, made its debut on August 28 at the House of Shinsegae in the upscale Gangnam district of Seoul. This exclusive sanctuary [...]
SEOUL, Aug. 21 (Korea Bizwire) – In a bold fusion of tradition and technology, a new ‘K-convenience store’ has opened its doors in Seoul’s historic Insadong district, offering visitors a unique blend of Korean culture and cutting-edge retail experiences. GS Retail, the operator of the GS25 convenience store chain, unveiled its latest venture, Ground Blue 49, [...]
SEOUL, Aug. 21 (Korea Bizwire) – The government said Wednesday it will provide 1.6 trillion won (US$1.2 billion) in financial support, including loans, to help vendors hit by delayed payments of e-commerce platforms TMON and WeMakePrice. The announcement came after the two firms, owned by Singapore-based Qoo10, filed for corporate rehabilitation last month after failing to [...]
SEOUL, Aug. 20 (Korea Bizwire) — Amorepacific Corp., South Korea’s leading cosmetics firm, said Tuesday it has launched its luxury Hera brand in Thailand as part of its expansion into Asian markets. The first Hera outlet in Thailand is located at the Central Chidlom department store in Bangkok, with more outlets set to be added [...]
SEOUL, Aug. 19 (Korea Bizwire) – As South Korean department stores struggle with sluggish consumer spending due to high inflation, sports merchandise sections have become an unexpected source of growth. According to reports from the country’s three major department store chains on August 18, sales in their sports categories increased by approximately 10% in the first [...]