11st Archives | Be Korea-savvy
Oxygen Canister Makers to Be Required to Provide Safety Test Results

Oxygen Canister Makers to Be Required to Provide Safety Test Results

SEOUL, March 23 (Korea Bizwire) — Manufacturers of portable oxygen canisters will be obligated to submit test results proving their safety and effectiveness, starting November 1, when applying for the license to sell them, the Ministry of Food and Drug Safety (MFDS) said Friday. The producers of the oxygen canisters are required to show that [...]

Niche Perfumes Carving Out a Place in S. Korea’s Fragrances Market

Niche Perfumes Carving Out a Place in S. Korea’s Fragrances Market

SEOUL Jan. 19 (Korea Bizwire) – The market for niche perfumes in South Korea has grown steadily in the past few years as a consumer mindset centering on the acquisition of “minor luxuries” and devotion to the highlighting of personal taste and artistic inclination has bloomed. According to industry insiders, sales of niche perfumes at [...]

In the Face of Recurring Consumer Goods Scandals, Koreans Turn Their Gaze Towards Foreign Markets

In the Face of Recurring Consumer Goods Scandals, Koreans Turn Their Gaze Towards Foreign Markets

SEOUL, Sept. 21 (Korea Bizwire) – Distrust generated by scandals over pesticide-riddled eggs, the supposed presence of harmful chemical substances in women’s sanitary pads and hazardous humidifier disinfectants has caused more Koreans to look abroad for solutions to everyday needs. The preference for goods that come with the “Western Advanced Nation” tag that oft emerges [...]

Korea’s Online Shopping Malls Embrace Open Markets

Korea’s Online Shopping Malls Embrace Open Markets

SEOUL, May 12 (Korea Bizwire) – Coupang, a Korean e-commerce website, is expanding its platform to an open market, offering direct sales and purchases between consumers and suppliers. Coupang is a social commerce platform that previously focused on curated commerce in the form of special ‘deals’. It’s an attempt to make up for its weakness in product [...]

New Retail Platforms Tear Down Boundaries

New Retail Platforms Tear Down Boundaries

  SEOUL, April 18 (Korea Bizwire) – The lines between types of retailers are blurring, with open markets and social commerce businesses broadening their horizons to retail brokerage services. The industry is leaving no stone unturned in a push to attract consumers to mobile shopping markets. Large offline discount stores are building logistics centers for [...]

11st Strikes Deal with Xiaomi Affiliate ZMI

11st Strikes Deal with Xiaomi Affiliate ZMI

SEOUL, Jan.19 (Korea Bizwire) – ZMI, an affiliate of the Chinese electronics brand Xiaomi, will officially enter the Korean market through the 11st online shopping site. 11st announced that it signed an agreement with ZMI to cooperate in online sales on January 13, and set foot as the official online retail channel for the brand. [...]

Video Commerce: New Trend in Retail Business

Video Commerce: New Trend in Retail Business

SEOUL, Korea, Oct 31 (Korea Bizwire) – A YouTube commercial video of TicketMonster featuring Sam Hammington, a New Zealand-born Australian comedian and TV personality made famous by reality show Real Men in Korea, has logged in more than 1 million clicks since posting on October 27. Advertising execs said this is one of the funniest commercials [...]