SEOUL, Aug. 12 (Korea Bizwire) — The boycott movement against Japanese goods is now going beyond Japanese beer and fashion brands to infiltrate baby products and hobby items. Consumers have been updating the list of boycotted items through social networks, and sharing ways to distinguish Japanese products by checking the barcode. According to SSG.com, Shinsegae [...]
SEOUL, Aug. 9 (Korea Bizwire) — The hair loss market is seeing a marked shift in demographics, as the core purchasing group is switching from male to female and middle-aged to younger generations. According to an analysis of big data on hair loss management products from January to July by online shopping site Gmarket, female [...]
SEOUL, Aug. 9 (Korea Bizwire) — E-Mart Inc., South Korea’s leading discount chain operator, swung to the red in the second quarter of the year for the first time in its history in the face of growing competition from online shopping rivals and e-commerce giants. Net losses reached 26.6 billion won (US$24.7 million) in the [...]
SEOUL, Aug. 7 (Korea Bizwire) — With the boycott of Japanese goods intensifying in South Korea, companies that some consumers have labeled as “Japanese companies” are struggling to explain themselves. It is not easy to clear up the misunderstanding as there are some complicated cases of stake relationships that are confusing even to consumers. Daiso, [...]
SEOUL, Aug. 7 (Korea Bizwire) — With the Supreme Court recently ruling to allow RealDoll imports, controversy over the sale of the lifelike sex dolls seems to have spread beyond simple pros and cons to conflict between men and women. RealDolls are adult products made to resemble a real human body. Male RealDolls are also [...]
SEOUL, Aug. 6 (Korea Bizwire) — With the ensuing boycott movement against Japanese products, South Koreans are beginning to share information on new and upcoming Japanese brands coming to South Korea. The intent is to include them in the boycott list to hurt their sales as soon as the stores are open. Among them, Japanese [...]
SEOUL, Aug. 5 (Korea Bizwire) — As the boycott movement against Japanese goods and services ensues, 7-Eleven is sending out letters to franchise owners in South Korea to argue that the company is “not a Japanese brand.” Korea Seven Co., which runs 7-Eleven convenience stores in South Korea, sent out emergency letters to 9,700 franchise [...]
SEOUL, Aug. 5 (Korea Bizwire) — The sizzling summer temperatures and tropical nights are having an effect on the spending patterns of consumers. More and more consumers are shopping at night or in the evening, when the weather is relatively cool. In addition, an increasing number of consumers are placing orders online. Hyundai Department Store [...]
SEOUL, Aug. 2 (Korea Bizwire) — Japanese fashion brand Uniqlo, which has been hit the hardest by the boycott triggered by Japan’s export restrictions to South Korea, will begin the process of shuttering its branch in Jongno 3-ga. The five-story building in central Seoul, where the branch is located, had a large “for rent” sign [...]
SEOUL, Aug. 1 (Korea Bizwire) — The popularity of traditional cigarettes is waning, as e-cigarettes have seen a significant boost in sales this year. The Ministry of Economy and Finance reported that cigarette sales reached 1.67 billion packs between January and June this year, which was a 0.6 percent decrease from last year. Among them, [...]