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Archive by category Consumer Behaviour

Restaurant Sector Shrinks Fast amid Negatives

Restaurant Sector Shrinks Fast amid Negatives

SEOUL, May 10 (Korea Bizwire) — South Korea’s restaurant industry has been shrinking at a fast clip due to a rise in the number of one-person households and other unfavorable factors, government data showed Thursday. The number of restaurant owners stood at 729,724 in December last year, down 0.51 percent, or 3,718, from the previous [...]

Samsung’s Smartphone Market Share in China’s Inches Up

Samsung’s Smartphone Market Share in China’s Inches Up

SEOUL, May 7 (Korea Bizwire) — After recording a market share of 0 percent in China’s smartphone market in the fourth quarter of last year, a recent report has shown that Samsung Electronics barely broke the 1 percent mark in the first quarter of this year. According to Street Analytics, a market research firm, Samsung [...]

LG, Samsung Refrigerators Named Most Kid-friendly by Consumer Reports

LG, Samsung Refrigerators Named Most Kid-friendly by Consumer Reports

SEOUL, Apr. 23 (Korea Bizwire) — South Korean-made refrigerators were named among the most kid-friendly fridges by a U.S. consumer advocacy magazine after a survey of parents, companies said Monday. Consumer Reports announced five “Kid-friendly Refrigerators That Please Parents,” a list which includes two models from LG Electronics and one from Samsung Electronics. The two [...]

S. Korea’s Domestic Ramyun Sales Down in 2017: Data

S. Korea’s Domestic Ramyun Sales Down in 2017: Data

SEOUL, Apr. 23 (Korea Bizwire) — Sales of ramyun instant noodles decreased for the first time in three years in 2017 with the overall market size falling after posting steady gains, market data showed Sunday. Industry sources, citing figures released by Nielsen Korea, said total sales of the country’s leading ramyun manufacturers — Nongshim Co., [...]

S. Korean Market for Air Purifiers Rising amid Fine Dust Woes

S. Korean Market for Air Purifiers Rising amid Fine Dust Woes

SEOUL, Apr. 9 (Korea Bizwire) — The market for air purifiers in South Korea is set to continue expanding going forward, industry watchers said Sunday, as more consumers are becoming concerned about fine dust levels in the air. Sales of air purifiers in the country are expected to reach around 2 million to 2.5 million [...]

Sales of Masks, Cleansers for Babies Jump amid Growing Fine Dust Concerns

Sales of Masks, Cleansers for Babies Jump amid Growing Fine Dust Concerns

SEOUL, Apr. 6 (Korea Bizwire) — Sales of hand cleansers and laundry detergents for babies have risen sharply amid growing concerns over worsening levels of fine dust in the air, local businesses said Friday. South Korea has been suffering from worsening air pollution caused by fine dust particles emitted both at home and from China, [...]

Starbucks Posts Record Operating Profit in Korea in 2017: Sources

Starbucks Posts Record Operating Profit in Korea in 2017: Sources

SEOUL, Mar. 15 (Korea Bizwire) — Starbucks Coffee Korea posted a record operating profit last year amid growing popularity of the U.S. coffeehouse chain here, industry sources said Thursday. The 50-50 joint venture between retail conglomerate Shinsegae and the U.S. coffee giant posted 114.4 billion won (US$107 million) in operating profit on 1.2 trillion won [...]