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Archive by category Consumer Behaviour

More Men Buying Household Products Online After 52-Hour Work Week Enforced

More Men Buying Household Products Online After 52-Hour Work Week Enforced

SEOUL, Sept. 6 (Korea Bizwire) — Thanks to the newly imposed government edict limiting official working hours to 52 per week, an increasing number of men were found to be shopping online for household goods after spending more time at home in the evening after returning from work. According to the popular e-commerce website Auction, [...]

S. Korea’s Fruit Imports Reach Record High in 2017

S. Korea’s Fruit Imports Reach Record High in 2017

SEJONG, Sept. 3 (Korea Bizwire) — South Korea’s fruit imports reached record high levels last year on growing demand for dietary diversity, customs data showed Monday. The country imported 834,000 tons of fruit, worth US$1.24 billion, last year. In terms of value, last year’s figure marks the highest tally ever, according to the data compiled [...]

Heat Wave Boosts Department Store Sales in S. Korea

Heat Wave Boosts Department Store Sales in S. Korea

SEOUL, Aug. 30 (Korea Bizwire) — Sweltering heat affecting South Korea has boosted the sales of local department stores this summer as people have flocked to air-conditioned malls to get relief, industry sources said Thursday. According to retail sector data, revenues from restaurants inside Lotte Department Store jumped 10.6 percent on-year between July 16 and [...]

Vietnam’s Da Nang is Top Summer Vacation Destination This Year at Online Mall

Vietnam’s Da Nang is Top Summer Vacation Destination This Year at Online Mall

SEOUL, Aug. 29 (Korea Bizwire) — The Vietnamese city of Da Nang was the most popular summer vacation destination this year, a shift from last year’s preference for Japanese cities, according to an online shopping mall Wednesday. Flight ticket sales from the July-August period showed Da Nang as the top foreign travel location, TMON said, [...]

Price of Used BMWs Falling After Widespread Engine Fires

Price of Used BMWs Falling After Widespread Engine Fires

SEOUL, Aug. 22 (Korea Bizwire) — After BMW Korea’s recent decision to recall its vehicles, the price of used BMWs is falling with the number of cars being sold stagnating. This is according to SK Encar, South Korea’s biggest online used car market, which surveyed current market prices and number of vehicles sold for BMW’s [...]

Sales of Car Fire Extinguishers and Emergency Hammers Spike

Sales of Car Fire Extinguishers and Emergency Hammers Spike

SEOUL, Aug. 17 (Korea Bizwire) — With the recent series of fires in BMW vehicles and Korean-made cars, car safety items are selling better than ever. Ticket Monster, a leading e-commerce website, said revenue derived from sales of car fire extinguishers during a period of two weeks between August 1 to 14 grew by 3,246 [...]

P2P Money-transfer Service Marks Exponential Growth in 2017

P2P Money-transfer Service Marks Exponential Growth in 2017

SEOUL, Aug. 14 (Korea Bizwire) — The amount of money transferred via South Korea’s P2P service applications surged nearly five times on-year in 2017 on the back of its growing popularity among young customers, the financial watchdog said Tuesday. According to the data compiled by the Financial Supervisory Service (FSS), the amount of transactions via [...]

Samsung Pay Most Popular Android Payment App in S. Korea

Samsung Pay Most Popular Android Payment App in S. Korea

SEOUL, Aug. 14 (Korea Bizwire) — Samsung Electronics Co.’s mobile payment system, Samsung Pay, boasted 8.86 million users in July in South Korea, making it the most popular Android-based financial app, data showed Tuesday. According to the data compiled by industry tracker WiseApp, Samsung Pay saw its number of users move up 53 percent from [...]

Middle-Aged Consumers Increase Spending on Health and Looks

Middle-Aged Consumers Increase Spending on Health and Looks

SEOUL, Aug. 13 (Korea Bizwire) — According to e-commerce giant Gmarket, a growing number of middle-aged South Koreans are spending more money on dieting, skin care and other products or services that help them to maintain a youthful appearance. Those in their 40s and 50s are investing more in themselves, as they have the economic [...]