SEOUL, Feb. 6 (Korea Bizwire) — Competition over delivery services in the convenience store industry is heating up. Convenience store chain GS25 recently launched delivery services at seven stores in Seoul in partnership with food delivery service Coupang Eats operated by e-commerce giant Coupang Inc. First of all, the company plans to implement delivery services [...]
SEOUL, Feb. 5 (Korea Bizwire) — Several South Korean duty-free shops that temporarily shut down after people infected with Wuhan coronavirus visited them will reopen later this week, their operators said Wednesday. Shilla Duty Free, one of the country’s leading duty-free stores, on Sunday closed its two outlets in central Seoul and on the southern [...]
SEOUL, Feb. 4 (Korea Bizwire) — Consumers are resorting to online shopping to purchase everyday goods as the Wuhan coronavirus continues to expand worldwide. Coupang Inc., one of South Korea’s major online shopping portals, announced on Sunday that its Rocket Fresh service, an early morning delivery service for fresh food, could be delayed by a [...]
SEOUL, Feb. 4 (Korea Bizwire) — Sales at South Korean duty-free stores hit a new annual high of over 24 trillion won last year, industry data showed Tuesday, mainly on the back of more foreign customers, mainly Chinese visitors. The combined sales of local duty-free shops reached 24.86 trillion won (US$20.87 billion) in 2019, up [...]
SEOUL, Feb. 4 (Korea Bizwire) — As the standards of food selection extend beyond taste and nutrition to beauty and health, success cases of new protein-based products are emerging in earnest. Launched in April last year by Orion Corp., a major confectionery company in South Korea, the Dr. You Protein Bar had seen sales of [...]
SEOUL, Feb. 3 (Korea Bizwire) — A string of major retailers, including duty-free shops and hypermarket chains, across the country have temporarily shut down some of their stores, industry sources said Monday, stoking concerns that China coronavirus outbreak could affect consumer confidence in the sector. Shilla Duty Free, one of the country’s leading duty-free operator, [...]
SEOUL, Feb. 2 (Korea Bizwire) — Shilla Duty Free, South Korea’s leading duty-free operator, on Sunday decided to temporarily shut down one of its outlets in central Seoul after a coronavirus-infected person was confirmed to have visited it twice last month. The patient, the country’s 12th coronavirus case visited the duty-free shop inside Hotel Shilla [...]
SEOUL, Jan. 31 (Korea Bizwire) — Demand for protective face masks and hand sanitizer has soared here as both local residents and travelers from China stocked up as a precaution against the new type of coronavirus, industry sources said Friday. Just days after the first case of the new strain of the pneumonia-like virus was [...]
SEOUL, Jan. 31 (Korea Bizwire) — While most people were wearing facial masks in Myeongdong — one of Seoul’s most popular shopping districts — streets were far from deserted. The one-square-kilometer area was still vibrant, with shops ranging from K-beauty brands to duty-free shops that were crowded with foreign tourists and locals. So far, South [...]
SEOUL, Jan. 29 (Korea Bizwire) — Following an interpretation by the government that nicotine extracted from tobacco roots and stems does not legally qualify as ‘tobacco’, imports of nicotine for e-cigarettes known to be extracted from the said parts have soared. The Board of Audit and Inspection (BAI) reported that imports of nicotine extracted from [...]