SEOUL, May 4 (Korea Bizwire) – Due to the controversy surrounding humidifier disinfectant from Oxy Reckitt Benckiser (Oxy), the boycott movement against Oxy has spread in all directions, leading to a drastic decline in Oxy product sales at supermarkets. Oxy, a multinational corporation originating in the U.K., had been selling a variety of products such [...]
SEOUL, May 3 (Korea Bizwire) — E-mart is straying from its traditional hypermarket business strategy in an effort to seek further growth. The company is opening up smaller-scale brick and mortar stores, and allocating its private brand (PB) products to other supply channels. “Hypermarkets are currently stuck at lower growth rates, and we’re trying to secure [...]
SEOUL, May 2 (Korea Bizwire) — Korean conglomerates are entering the fast-increasing market for domestic animals. Aekyung is teaming up with Irion to launch a new pet-care brand called WHISTLE. WHISTLE was developed after careful consideration and research into domestic animals, which are often vulnerable to bacterial skin diseases, and have thin layers of skin. [...]
SEOUL, May 2 (Korea Bizwire) — The Korean government announced that it will re-examine potential health damages to the respiratory system and other organs from humidifier disinfectants. The Ministry of Environment’s Humidifier Disinfectant Investigations Committee revealed that it will study the possibility of rhinitis, bronchitis, and other potential non-pulmonary damages resulting from humidifier disinfectants, and [...]
SEOUL, Apr. 28 (Korea Bizwire) — South Korean pharmaceutical companies are strengthening their promotions to sell more of their mainstay products to incoming Chinese tourists during China’s Labor Day holiday, industry sources said Thursday. Local pharmaceutical firms such as Handok and Kyung Nam Pharm Co. have rolled up their sleeves to attract as many Chinese [...]
SEOUL, April 24 (Korea Bizwire) – Mobile GS Shop, a Korean retail giant, announced on April 20 that computer software used to automatically recommend products has recently won an online competition against one of the retailer’s merchandisers. Of the more than 30,000 customers participating in the event, two-thirds of them favored the software. The promotion [...]
SEOUL, April 20 (Korea Bizwire) – With many Koreans enjoying online shopping overseas, the number of consumers issued customs clearance codes for overseas direct purchases has tripled in the past year. To purchase goods directly from overseas online retailers, some 3.38 million Koreans had been issued personal customs clearance codes as of February 2016. According [...]
SEOUL, April 18 (Korea Bizwire) – The lines between types of retailers are blurring, with open markets and social commerce businesses broadening their horizons to retail brokerage services. The industry is leaving no stone unturned in a push to attract consumers to mobile shopping markets. Large offline discount stores are building logistics centers for [...]
SEJONG, April 15 (Korea Bizwire) – South Koreans’ meat consumption has increased a large extent for the past few decades but still lags far behind the average intake of other advanced countries, a government report showed Friday. According to the report from the Ministry of Agriculture, Food and Rural Affairs, the country’s annual per-capita consumption [...]
SEOUL, April 14 (Korea Bizwire) – Coupang, South Korea’s leading e-commerce operator, said Thursday its sales jumped more than three-fold in 2015 thanks to its delivery service, but its operating loss widened due to big investments in logistics capacity. Coupang posted 1.13 trillion won (US$ 976.66 million) in sales last year, becoming the first social commerce [...]