SEOUL, Oct. 22 (Korea Bizwire) — South Korea’s financial regulator plans to begin a probes into Starbucks-issued unregistered pre-paid cards. The Financial Supervisory Service has received a list of some 50 companies, including Starbucks Coffe Korea, which are operating an unregistered prepaid card system. Starbucks allows customers to charge their Starbucks cards through its mobile [...]
SEOUL, Oct. 21 (Korea Bizwire) — An increasing number of online shopping malls and online exclusive brands that have enjoyed robust growth in the COVID-19 era are opening physical stores in recent days as part of their new marketing initiatives targeting the members of the “MZ generation,” a Korean term referring to millennials and Generation [...]
SEOUL, Oct. 19 (Korea Bizwire) — Beset by curfews and fewer customers amid the coronavirus pandemic, the retail industry in South Korea is now pinning hopes on a business rebound, as the government is set to ease long-enforced strict restrictions under the “Living with COVID-19″ scheme set to be introduced next month. Department stores, supermarkets [...]
SEOUL, Oct. 15 (Korea Bizwire) — Beer has long been a key ingredient of mixed drinks in South Korea, but changing appetites and the extended coronavirus pandemic have turned consumers toward diverse and unique flavors of craft beer. Craft beer sales are on the rise, as a growing number of people work from home due [...]
SEOUL, Oct. 14 (Korea Bizwire) — E-commerce giant Coupang Inc. is facing accusations that it has been manipulating the working hours of employees. Rep. Yun Jun-byeong of the ruling Democratic Party claimed during government inspections of the Ministry of Employment and Labor and its sub-agencies on Tuesday that Coupang was using an application called ‘Coupunch’ [...]
SEOUL, Oct. 14 (Korea Bizwire) — E-Mart24 Inc., the convenience store arm of South Korean retail giant Shinsegae, said Thursday it has opened its fifth store in Malaysia as part of its overseas push. The new outlet is located near Sunway University, about a 40-minute drive from the Malaysian capital of Kuala Lumpur, it said. [...]
SEOUL, Oct. 11 (Korea Bizwire) — With South Korea on track to shift to a phase of ‘living with COVID-19’ and a gradual recovery of normal life, an increasing number of online shopping malls are strengthening their travel product offerings. Prior to the pandemic, travel was an important category in e-commerce business, accounting for a [...]
SEOUL, Oct. 8 (Korea Bizwire) — As the COVID-19 pandemic continues to drag on, retailers are replacing certain recruiting processes with online examinations. GS Retail Co. is carrying out an artificial intelligence (AI)-based competency test to recruit candidates who have passed the first screening. First introduced late last year, the examination combines an aptitude test [...]
SEOUL, Oct. 5 (Korea Bizwire) — With rising demand for Korean food among foreigners following the success of Netflix’s original Korean series “Squid Game”, retailers are scrambling to take action. Major online shopping mall Auction reported that between September 17 and 27, sales of marble kits (277 percent), dalgona kits (277 percent) and ttakji game [...]
SEOUL, Oct. 1 (Korea Bizwire) — SK Inc., the holding firm of South Korean conglomerate SK Group, said Friday it has additionally invested 65 billion won (US$55 million) in Perfect Day, a U.S. alternative milk maker, following 54 billion won of funds last year. SK said it joined the latest round of funding for Perfect [...]