SEOUL, Korea, May 1, 2014 (Korea Bizwire) – Westernized table culture and the well-being trend raise more value in the Korean dressing market. A new variety of dressings also adds more flavors in the market in which mayonnaise and ketchup once dominated. According to the food industry, Cheongjeongwon, which leads the salad dressing market with [...]
SEOUL, Korea, April 30, 2014 (Korea Bizwire) – Amid the atmosphere of nationwide mourning following the ferry sinking incident, businesses are refraining from engaging in aggressive marketing for May. The shift in attitude reflects how the whole economy is still reeling from the tragic maritime accident; May is a period during which the economy enjoys a momentary boost driven by the [...]
SEOUL, Korea, April 30, 2014 (Korea Bizwire) – A housewife surnamed Kang in her 50s has recently purchased a trench coat worth about 30 million won at a department store. She is about 158 cm (5 feet 2 inches) tall and weighs 46 kg (101 lbs). She has been practicing yoga for years to maintain [...]
SEOUL, Korea, April 29, 2014 (Korea Bizwire)– Domestic retailers are busy preparing to induce foreign tourists mainly Chinese and Japanese before the “Golden Week” of late April and early May by reinforcing marketing activities such as discount offers, free gifts and more interpreters.More shops are also informing that they are “Tax Free” shops that the [...]
SEOUL, Korea, April 29, 2014 (Korea Bizwire)– As KT starts operating alone in Korea’s mobile telecommunications market as the company is the last runner for a series of suspensions ordered by the Ministry of Science, ICT and Future Planning, a big change is expected in the market dynamics. KT seems quite determined to make up [...]
SEOUL, Korea, April 25, 2014 (Korea Bizwire) – The domestic selling prices of imported red wines are nine times higher than the import prices, with those of white wines and beers more expensive by 5.9 and 3.4 times on average, respectively. According to the Fair Trade Commission and the National Council of Homemakers’ Classes on [...]
SEOUL, Korea, April 25, 2014 (Korea Bizwire) – As Kakao transformed itself into a mobile commerce company officially, a tectonic change is afoot in the mobile commerce industry. Recently, Korea On-Line Shopping Association (KOLSA) approved Kakao, the provider of Korea’s largest mobile messenger service KakaoTalk, as its new member. As KOLSA is an umbrella group [...]
SEOUL, Korea, April 22, 2014 (Korea Bizwire) – Since the ferry sinking incident on April 16 that caused 105 confirmed deaths with 197 still missing as of noon of April 22, the nation’s consumption has dropped to one of the lowest levels. According to credit card companies, the volume of credit card transactions for the [...]
![[Feature] Game Starts for “Throne of Beer”](http://koreabizwire.com/wp/wp-content/uploads/2014/04/beer-203855_640.jpg "[Feature] Game Starts for “Throne of Beer”")
SEOUL, Korea, April 15, 2014 (Korea Bizwire) – This year, there will be two big international sporting events such as the FIFA World Cup in Brazil and the Asian Games in Incheon. Traditionally, in the year with the big sports events, the sale of beer increased significantly as people would enjoy the games drinking beer. [...]
SEOUL, Korea, April 15, 2014 (Korea Bizwire) – The so-called “thumb generation” takes home for their most preferred shopping place, according to a survey. According to Auction, an open market operator, which conducted the survey asking its 1,590 members last month, almost six out of ten respondents (58%) answered that they do mobile shopping “when [...]