SEOUL, April 14 (Korea Bizwire) —Homeplus, a large discount store in South Korea, has reported a 36% increase in sales of its own-brand “Homeplus Signature” products from January to March compared to the same period last year. The sales of private label products were particularly high in food categories such as refrigerated convenience foods, snacks, [...]
SEOUL, April 13 (Korea Bizwire) — As mixology, a term for mixing various types of alcoholic drinks, is gaining popularity, convenience store chain operators are diversifying their alcohol ranges by releasing highballs, a type of cocktail normally made with Scotch whisky and carbonated water. CU released a lemon highball in collaboration with local artist Chungshin. [...]
SEOUL, April 12 (Korea Bizwire) — The number of campgrounds in South Korea has gone up by more than 1,000 over the past four years with the rising popularity of camping. The Korea Tourism Association reported that the number of campgrounds across the country reached 3,280 in 2022, up by 407 from the end of [...]
SEOUL, April 12 (Korea Bizwire) — Rising consumer prices have led to the rising popularity of “ugly” fishery products, attracting consumers with their competitive pricing. SSG.com, the online mall arm of South Korean retail giant Shinsegae Group, introduced “ugly” fishery products like South Korean squid and Argentinian shrimp at the newly opened misfits market for [...]
SEOUL, April 12 (Korea Bizwire) — With the price of gold surging in recent days, an increasing number of investors are buying actual gold products. According to industry sources, the value of gold bars sold through the nation’s four major banks during the period from April 1 to 6 stood at about 2.49 billion won [...]
SEOUL, April 11 (Korea Bizwire) — The most common Myers-Briggs Type Indicator (MBTI) type among the wealthiest individuals in South Korea is ESTJ — extraverted, sensing, thinking and judging — a report showed Monday. According to the report by the Hana Institute for Finance, 26.8 percent of the country’s superrich were ESTJ, which is three [...]
SEOUL, April 11 (Korea Bizwire) – South Korea’s largest car-sharing and mobility service provider SOCAR Inc. said Monday that the use of its Commuter Pass subscriptions, designed for office workers, grew robustly by about 50 percent from November last year to March of this year. The Commuter Pass is a program that provides users with access to SOCAR [...]
SEOUL, April 10 (Korea Bizwire) — Traditional food once popular only among older generations is gaining popularity among the youth, including “yakgwa,” a deep-fried, wheat-based Korean confection. Yakgwa sales at convenience store chain CU between March 29 and April 5 jumped by 248.3 percent compared to last year. Its sales at GS25 also jumped by [...]
SEOUL, April 10 (Korea Bizwire) — South Korean convenience store chains are continuing discount promotions for popular alcoholic beverages, including whisky and wine. CU sold 1,600 bottles of some 30 popular whiskies and wines at 30 stores in the Seoul region last weekend at a discount rate of up to 30 percent. Balvenie 12-Year-Old Double [...]
SEOUL, April 6 (Korea Bizwire) — The price of “jajangmyeon,” a Chinese-Korean fusion dish of noodles in black bean sauce, is now 60 times higher than 50 years ago, data showed Wednesday. The average price of a single bowl of jajangmyeon this year was 6,361 won (US$4.82). The price of jajangmyeon was no more than [...]