SEOUL, Aug. 30 (Korea Bizwire) — Empty paper boxes, tape and straps for packaging will disappear from large discount stores in the near future as part of an initiative to encourage customers to make use of more eco-friendly alternatives. The Ministry of Environment held a voluntary agreement ceremony Thursday afternoon to foster the use of [...]
SEOUL, Aug. 28 (Korea Bizwire) — The chief of a local humidifier disinfectant manufacturer responsible for the nation’s worst consumer chemical disaster that broke out in 2011 triggered a controversy Wednesday by arguing that the tragedy was caused by insufficient government supervision. Park Dong-suk, CEO of Oxy Reckitt Benckiser (RB Korea), a wholly owned unit [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Korea’s two leading duty-free operators have bid for the right to sell cigarette and liquor products at Singapore’s Changi Airport, an industry tracker said Tuesday. No. 1 Lotte Duty Free and second-largest Shilla Duty Free submitted their bids to operate tobacco and liquor concessions at Changi’s four terminals [...]
SEOUL, Aug. 26 (Korea Bizwire) — Camping is a huge trend in South Korea. Despite the small inconvenience of leaving home and camping in the great outdoors, there is no sign of the popularity of camping slowing down. With the new government mandated 52-hour workweek, people have spare time to enjoy their hobbies at leisure, [...]
SEOUL, Aug. 23 (Korea Bizwire) — The home shopping industry is striving to attract young people in their 20s and 30s. Vendors hawking their wares via TV are making the move mobile device-friendly media such as social networking sites and mobile apps. In a bid to attract young customers, CJ O Shopping Co., a home [...]
SEJONG, Aug. 22 (Korea Bizwire) — Under current laws, the amount of taxable imports of tobacco leaf extracts decreased while non-taxable imports, such as stem-and-root extraction surged after special consumption tax targets for cigarettes manufactured with “leaves” were introduced at the beginning of the year. Analysts said that the government needs to consider including “stems” [...]
SEOUL, Aug. 21 (Korea Bizwire) – Online consumers still see offline stores as a crucial part of shopping, a recent study has shown. In addition, unlike the belief that consumers will engage in online shopping during lunch, breaks, or before they go to bed, it was also revealed that many shopped during work hours. DMC [...]
SEOUL, Aug. 21 (Korea Bizwire) — The validity period of mobile gift certificates will be lengthened to over one year, beginning next year at the earliest, government officials said Wednesday. The Anti-Corruption & Civil Rights Commission said it has mapped out a new policy measure on the use of mobile gift certificates, together with the [...]
SEOUL, Aug. 21 (Korea Bizwire) — Global furniture giant Ikea’s South Korean unit said Wednesday it will open two more stores in the country by early next year. The company said it will open a new flagship outlet in Giheung, just south of Seoul, on Dec. 12 and another in Busan, 450 kilometers southeast of [...]
SEOUL, Aug. 21 (Korea Bizwire) — The boycott movement against Japan within South Korea, sparked by export restrictions imposed last month by Shinzo Abe’s government, has even spread to Japanese brand cigarettes. The number of cigarettes imported to South Korea from the Philippines came to 403 tons last month, down 31.9 tons or 7.3 percent [...]