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 [...]
SEOUL, Jan. 29 (Korea Bizwire) — Retail sales in South Korea moved up 4.8 percent last year on the back of brisk sales at online malls, while revenue from offline stores lost ground, data showed Wednesday. The combined sales of 26 major offline and online retailers reached 132.9 trillion won (US$113 billion) last year, according [...]
SEOUL, Jan. 29 (Korea Bizwire) — The trend of expressing gratitude through mobile coupons and gift cards or vouchers is growing in South Korea. E-commerce services in which gifts are delivered to a recipient when they enter their address, and gift cards that can be purchased at convenience stores were popular this Lunar New Year [...]
SEOUL, Jan. 29 (Korea Bizwire) – During the Lunar New Year holiday, consumers focused on products for themselves and invested in themselves. CJ O Shopping Co., a South Korean cable home shopping channel, analyzed sales during the Lunar New Year holiday from January 24 to 27. The results showed that the amount of orders for foreign and [...]
SEOUL, Jan. 20 (Korea Bizwire) — As the amount of toilet paper used by people in Korea decreases every year, the number of garbage cans that are placed in restrooms has decreased in proportion. According to an online survey of 900 users of its Kleenex tissue by Yuhan-Kimberly Ltd., a maker of sanitary products in [...]
SEOUL, Jan. 17 (Korea Bizwire) — U.S. e-cigarette maker Juul Labs Inc. has decided to restructure its Korean unit following its headquarters. Juul Labs Korea said Thursday, “We are looking at how best we can reorganize our operations locally in each country we are currently working in, and we are making individual adjustments to each [...]