SEOUL, Oct. 17 (Korea Bizwire) – Amidst prolonged high inflation, large discount stores are fiercely competing to attract price-sensitive consumers who are eager to save even a penny. According to the retail industry, E-Mart has been organizing a group purchasing event called ‘Order Pick’ through the E-Mart app since April. ‘Order Pick,’ a term formed by combining [...]
SEOUL, Oct. 17 (Korea Bizwire) – A warning has been issued regarding counterfeit products being sold on Naver’s Smart Store portal. It has been revealed that up to 300,000 counterfeit products, including fake Chanel perfume containing urine, are being sold on Naver’s portal. According to the ‘Status of Counterfeit Product Detection by Online Platforms’ issued by the [...]
SEOUL, Oct. 4 (Korea Bizwire) – South Korea’s major department stores are showcasing a variety of ‘post-Chuseok’ marketing strategies, targeting shopping demand after the Chuseok holiday. Lotte Department Store announced on Tuesday that it will host the ‘Family Bookcance Event’ at the rooftop park of the culture center at its Cheongnyangni outlet on October 7. Hammocks, [...]
SEOUL, Oct. 2 (Korea Bizwire) –South Korea’s appetite for Japanese beer has seen a remarkable resurgence this year, catapulting Japan back to the summit of beer-importing nations. This marks a significant turnaround since July 2019 when Japan imposed export restrictions on South Korea, causing Japanese beer to lose its top position in the South Korean [...]
SEOUL, Sept. 21 (Korea Bizwire) — Smartphone shipments in South Korea declined more than 13 percent on-year in the second quarter, recent data showed Thursday, as demand remained sluggish over economic uncertainties. The total shipment came to approximately 2.8 million units for the April-June period, down 13.2 percent from a year ago, as “demand for [...]
SEOUL, Sept. 18 (Korea Bizwire) – On Monday, Pro-Specs announced a new service called ‘One Spec’ that allows you to create personalized sneakers tailored to the shape of your own feet. Here’s how it works: You simply take a photo of your feet using your smartphone and then upload it to the official Pro-Specs website. [...]
SEOUL, Sept. 12 (Korea Bizwire) — Hyundai Department Store has announced that it’s launching an exclusive online shopping space for its VIP customers. This is a first in the industry. This special online mall, called ‘RSVP,’ is part of Hyundai’s official online mall, ‘The Hyundai.com,’ and only VIP customers are allowed in. When VIP customers [...]
SEOUL, Sept. 12 (Korea Bizwire) — An increasing number of companies are taking proactive steps towards establishing resource recycling systems. On Monday, LG Household & Health Care announced a significant initiative in which the company will utilize paper crafted from recycled aseptic drink boxes for its cosmetics and toothpaste packaging. Aseptic boxes are typically employed as [...]
SEOUL, Sept. 6 (Korea Bizwire) — Lotte Mart, one of South Korea’s major supermarket chains, will create special shopping zones for foreign visitors at its branches frequently visited by inbound travelers, its operator said Wednesday. Last month, Lotte Mart first created a 20-meter-long special shopping zone, named “Must-Haves of Korea: K-Food,” at its Seoul Station [...]
SEOUL, Sept. 4 (Korea Bizwire) – Sept. 15 will mark the 60th anniversary of Korean ramen’s birth. In its early days, ramen (Korean instant noodles) was considered the quintessential “common people’s food” — a quick and simple meal. However, it has now evolved into a global culinary phenomenon, leading the charge in domestic food exports. [...]