SEOUL, Jan. 7 (Korea Bizwire) — South Koreans ate out less in 2018 than a year earlier as they tightened their belt amid a weak economy, a poll showed Monday. According to the survey of 3,014 people aged 20-69, South Koreans dined out an average of 20.8 times per month last year, compared with 21.8 [...]
SEOUL, Jan. 4 (Korea Bizwire) — It has been reported that convenience store wine is gaining popularity among men in their 30s. The wine is cost effective, with bottles selling for as little as 10,000 won ($8.87). Sales data from GS25, a convenience store operated by GS Retail Co., offers additional confirmation. Of all the [...]
SEOUL, Jan. 2 (Korea Bizwire) — The number of South Koreans who switched their mobile carriers reached a 13-year low in 2018 due to weaker subsidy competition, industry data showed Wednesday. The country’s three mobile carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — and budget carriers posted a combined 5.67 million [...]
SEOUL, Dec. 31 (Korea Bizwire) — South Korea now accounts for 60 percent of Japanese beer exports every year. Most of the imports are manufactured at three factories in Fukuoka and Oita, Japan. NHK, Japan’s national public broadcasting channel, reported on Thursday that the volume of Japanese beer exports to South Korea has increased by [...]
SEOUL, Dec. 31 (Korea Bizwire) — A shopping mall specializing in refurbished products has seen its sales soar after selling its goods at bargain basement prices. The company reportedly sold nutrition cream worth 50,000 won (US$44.92) for only 2,500 won (US$2.25) and facial masks worth 1,000 won for just 99 won. These shocking prices spread [...]
SEOUL, Dec. 30 (Korea Bizwire) — Around 70 percent of South Koreans using YouTube, Facebook and other online video-sharing platforms expressed discontent over commercials popping up in the middle of content, a survey showed Sunday, but only a small number claimed they are considering paying for ad-free services. According to the data compiled by local [...]
SEOUL, Dec. 26 (Korea Bizwire) — This winter, demand for imported fruits is increasing as domestic fruit produced in the winter is limited to produce such as tangerines and strawberries. According to the Korea Agro-Fisheries & Food Trade Corp., grapes are particularly popular this year. Grape imports stalled in 2016 after reaching a peak in [...]
SEOUL, Dec. 26 (Korea Bizwire) — The production of sauces has increased in South Korea, as the prevalence of traditional “homemade” meals has waned and the popularity of convenience food and eating out has increased. Various sauces are being produced to meet consumer needs, but a drop in sales of traditional sauces including ketchup and [...]
SEOUL, Dec. 24 (Korea Bizwire) — With South Korea undergoing a rapid demographic transformation, marketing experts are suggesting that companies target seniors, single-person households and the value-consumption generation to meet new trends in the consumer market. The suggestions were based on a report released by The Korea Chamber of Commerce and Industry (KCCI), identifying the [...]
SEOUL, Dec. 23 (Korea Bizwire) — South Korea’s domestic car market moved in two different directions this year with the rise in popularity of large sedans and sport utility vehicles (SUVs) standing in contrast to weaker demand for smaller vehicles, industry data showed Sunday. In the January-November period, Hyundai Motor Co., Kia Motors Corp., GM [...]