SEOUL, April 14 (Korea Bizwire) —Homeplus, a large discount store in South Korea, has reported a 36% increase in sales of its own-brand “Homeplus Signature” products from January to March compared to the same period last year. The sales of private label products were particularly high in food categories such as refrigerated convenience foods, snacks, [...]
SEOUL, April 13 (Korea Bizwire) — AE Brands Korea, the regional branch of Asahi Europe & International Ltd., said Thursday it hopes to recreate the success of its dark beer Kozel, with the launch of a new lager unveiled in South Korea for the first time globally. “Korea is our biggest market outside of Europe. [...]
SEOUL, April 13 (Korea Bizwire) — As mixology, a term for mixing various types of alcoholic drinks, is gaining popularity, convenience store chain operators are diversifying their alcohol ranges by releasing highballs, a type of cocktail normally made with Scotch whisky and carbonated water. CU released a lemon highball in collaboration with local artist Chungshin. [...]
SEOUL, April 13 (Korea Bizwire) — TV home shopping channels are evolving towards the entertainment industry by adding fun and culture to their existing business of selling products. CJ Onstyle, a home shopping unit of South Korean entertainment giant CJ ENM, on Wednesday aired a showcase for the upcoming tvN comedy drama series “Family.” This [...]
SEOUL, April 12 (Korea Bizwire) — Rising consumer prices have led to the rising popularity of “ugly” fishery products, attracting consumers with their competitive pricing. SSG.com, the online mall arm of South Korean retail giant Shinsegae Group, introduced “ugly” fishery products like South Korean squid and Argentinian shrimp at the newly opened misfits market for [...]
SEOUL, April 10 (Korea Bizwire) — South Korean convenience store chains are continuing discount promotions for popular alcoholic beverages, including whisky and wine. CU sold 1,600 bottles of some 30 popular whiskies and wines at 30 stores in the Seoul region last weekend at a discount rate of up to 30 percent. Balvenie 12-Year-Old Double [...]
SEOUL, April 9 (Korea Bizwire) — South Korea’s exports of instant noodles jumped 14.3 percent on-year in the first three months of 2023 to reach the highest figure for any first quarter ever amid the growing popularity of the Korean culture, data showed Sunday. The country exported US$208 million worth of instant noodles, or “ramyeon” [...]
SEOUL, April 7 (Korea Bizwire) — South Koreans have embraced a fresh addition to their lexicon with the term “Hyeja-like”, denoting the exceptional content or quality of a product, especially in relation to its price. This term is derived from acclaimed actor Kim Hye-ja’s name and was inspired by her philanthropic work in creating an [...]
SEOUL, April 5 (Korea Bizwire) — South Korea’s CJ Foodville Co. said Wednesday it swung to a net profit last year thanks to the stellar overseas performance of its bakery chain Tous les Jours. Tous les Jours is the second-largest bakery chain in South Korea by number of stores, after SPC Group’s Paris Baguette. The [...]
SEOUL, April 4 (Korea Bizwire) — Annual sales of South Korean duty-free retailers dropped 28.3 percent over the past four years due to the COVID-19 pandemic and prolonged diplomatic tensions with China, a lawmaker said Tuesday. Combined annual sales from local duty-free retailers came to 17.81 trillion won (US$13.5 billion) last year from 24.85 trillion [...]