SEOUL, Feb. 20 (Korea Bizwire) — A gasoline-burning automobile consumed an average 1,159 liters last year, down 2.4 percent from a year earlier, as drivers cut back on spending probably to cope with high prices, industry data showed Wednesday. According to the Korea Petroleum Association, the figure marks the lowest since 2006, when the comparable [...]
SEOUL, Feb. 11 (Korea Bizwire) — The South Korean market for instant meals has expanded beyond single-person households to the middle-aged population, the country’s leading processed foods maker, CJ Cheiljedang Corp., said Monday. The ready-to-eat items, often referred to as home meal replacement (HMR) products here, have become increasingly popular, mainly on the back of [...]
SEOUL, Feb. 7 (Korea Bizwire) — A recent study has revealed that South Korean customers typically prefer white cars, and tend to purchase vehicles painted in achromatic tones. Axalta Coating Systems Ltd, a multinational coatings provider, said that one out of three vehicles sold in South Korea was white, followed by gray (21 percent), black [...]
SEJONG, Jan. 31 (Korea Bizwire) – Early morning delivery service, while contributing to growth in annual sales of as much as 16 percent last year among South Korean online shopping malls, is also leading way to new social problems. The Ministry of Trade, Industry and Energy announced on Wednesday that major retailers saw sales increased by an [...]
SEOUL, Jan. 28 (Korea Bizwire) — As an increasing number of people in their 60s and 70s are becoming familiar with mobile and smart devices, a growing number are turning to digital health products for Lunar New Year’s gifts. Auction, an open market, reported on Sunday that sales of a product that can be connected [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. ranked top in customer loyalty for the second year in a row for its smartphones and televisions in the United States, a New York-based market tracker said Wednesday. Hyundai Motor Co., South Korea’s leading automaker, secured first place in car brand loyalty [...]
SEOUL, Jan. 11 (Korea Bizwire) — A new study has revealed that more than 70 percent of South Korean adults over 20 years of age have ‘kidult’ tendencies. Gmarket, a South Korean online shopping mall, conducted a survey of 710 customers, 73 percent of whom said they like products made for children. Among the respondents, [...]
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 [...]