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 [...]
SEOUL, Sept. 30 (Korea Bizwire) — NHN Corp., South Korea’s leading game and internet company, officially launched its fashion-specific artificial intelligence (AI) service AI Fashion on Wednesday. The service was developed using image search technology after analyzing data from various online shopping platforms both in South Korea and abroad. The highlight of the new service [...]
SEOUL, Sept. 17 (Korea Bizwire) — With the expansion of the ‘quick commerce market’, which offers guaranteed delivery within an hour, South Korean firms are employing gas stations as warehouses and logistics hubs. It has become a new alignment of interest between the quick commerce industry that needs logistics hubs in the heart of the [...]
SEOUL, Sept. 16 (Korea Bizwire) — E-Mart24 Inc., the convenience store arm of South Korean retail giant Shinsegae, said Thursday it will open its fourth store in Malaysia late this month as part of its overseas push. The new outlet, slated to open at the end of this month, will be located in a residential-commercial [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korean furniture industry is riding high on surging demand for desks, chairs and sofas during a pandemic that has kept millions of families largely stuck at home for nearly a year. But Global furniture giant IKEA’s South Korean unit is suffering stalled growth. IKEA Korea’s revenue for fiscal [...]
SEOUL, Sept. 9 (Korea Bizwire) — Convenience store chains are competing to entice customers to spend their emergency relief funds, which the government started distributing on Monday. Stores began to come up with various marketing strategies that allow customers to purchase various electronic devices such as wireless earphones or smartwatches with the relief funds. GS25 [...]