SEOUL, July 9 (Korea Bizwire) — South Korea’s major cosmetics makers are forecast to have seen their operating profits fall nearly 20 percent in the second quarter from a year ago as sales at duty-free shops faltered amid the coronavirus pandemic, a poll showed Thursday. The combined operating profits of Amorepacific, LG Household & Health [...]
SEOUL, July 9 (Korea Bizwire) — Jung Se-hee, a 40-year-old office worker, recently bought a one-month mobile voucher offered by Burger King. It allows her to buy 30 cups of Americano for 4,900 won (US$4.11), a real steal as the price tag translates to just 170 won for a cup of coffee. “I started it [...]
SEOUL, July 8 (Korea Bizwire) — Market Kurly, a rapidly growing online grocery delivery platform, announced on Tuesday that its analysis of companion animal-related consumption for the first half of this year showed that sales of antibiotic-free snacks rose sharply. At Market Kurly, antibiotic-free jerky made of the tenderloin of home-grown duck meat topped the [...]
SEOUL, July 8 (Korea Bizwire) — Unlike shopping malls struggling in the aftermath of the onset of the coronavirus pandemic, discount warehouses are seeing continuous growth. E-Mart Traders, a major discount warehouse chain, saw sales jump by 21.9 percent in the period from January to May compared to the same period last year. The company [...]
SEOUL, July 8 (Korea Bizwire) –Coffee pods are making up a growing percentage of an ever-growing coffee market in South Korea, with sales of products using pre-ground coffee sealed in a capsule more than doubling compared to sales of ground coffee in the first half of the year. According to Emart, South Korea’s largest discount [...]
SEOUL, July 5 (Korea Bizwire) — Japanese consumer goods producers in South Korea saw their operating profits plunge by more than 70 percent on-year in 2019, data showed Sunday, due to the prolonged trade dispute between the two neighbors that led to a boycott against Japanese products here. The combined operating profit of 31 Japanese [...]
SEOUL, July 4 (Korea Bizwire) — Shoppers who want to bag a bargain may have to visit major retailers across the country over the weekend as major outlets are planning to hold big events in line with a state-led sales festival designed to boost spending amid the pandemic. South Korea kicked off the 17-day sales [...]
SEOUL, July 3 (Korea Bizwire) — The ‘No Japan’ boycott movement against Japanese products that broke out last July after Japan imposed export restrictions on South Korea has had a serious impact on last year’s imported beer market. The Korea Agro-Fisheries & Food Trade Corp. reported Thursday that the retail market for beer in the [...]
SEJONG, July 3 (Korea Bizwire) — Online shopping jumped 13.1 percent from a year earlier in May, data showed Friday, as the coronavirus pandemic prompted more consumers to buy goods via e-commerce platforms. The value of online transactions came to 12.72 trillion won (US$10.59 billion) in the month, up 1.46 trillion won from the same [...]
SEOUL, July 1 (Korea Bizwire) — South Korean retailers began to sell thinner anti-saliva face masks at their offline outlets on Wednesday as demand for the masks designed to fight the new coronavirus is growing amid hot weather. Anti-droplet masks hit the shelves at major department stores, discount outlets and convenience stores in a full-fledged [...]