SEOUL, Dec. 7 (Korea Bizwire) – Sales of Korean beef have decreased as consumers prefer cheaper imported beef with the implementation of an anti-graft law, industry data showed Wednesday. E-Mart, the No. 1 discount store chain operated by Shinsegae, said sales of Korean beef came to 11.1 billion won (US$94.7 million) in November, down 25.5 [...]
SEOUL, Nov. 23 (Korea Bizwire) – Sales of alcoholic beverages have shown an unusual increase since October, a leading retailer said Wednesday, possibly from more people drinking at home after an anti-corruption law took effect. According to E-Mart, whiskey sales during the Oct. 1-Nov. 21 period rose 11.7 percent compared with the same period last [...]
SEOUL, Nov. 10 (Korea Bizwire) – Winter is rapidly approaching, but donations of yeontan, coal briquettes that are used in low-income households for cooking and heating, are not as abundant as they were last year. Officials point to a combination of factors for the change, including the introduction of the new anti-corruption law, President Park’s [...]
SEOUL, Nov. 10 (Korea Bizwire) – An anti-corruption law may be showing its desired extra effect of creating more time for family and home cooking if sales record at a leading retailer is any indication. October sales figures from E-mart released on Thursday showed an 11.5 percent increase for the month to 1.14 trillion won [...]
SEOUL, Nov. 7 (Korea Bizwire) – The new anti-graft law has given rise to yet another consumption trend in Korean society, this time with “Yangju” or foreign hard liquor such as whiskey, brandy, or rum. These types of beverages, which in the past would usually have been consumed at entertainment establishments, are now becoming increasingly [...]
SEOUL, Oct. 26 (Korea Bizwire) – Despite the high season, flower sales in South Korea have tumbled more than 20 percent in October from a year ago, data showed Wednesday, apparently due to the implementation of a draconian anti-corruption law. According to the data by the Korea Agro-Fisheries & Food Trade Corp., flower transactions came [...]
SEOUL, Oct. 24 (Korea Bizwire) – Golf is considered as a “luxury sport” in Korea, as fees at most courses are beyond the means of the average Korean. And for this reason, it is also closely associated with political and business socializing. But this may no longer be so with Korea’s new anti-graft law changing [...]
SEOUL, Oct. 19 (Korea Bizwire) – Lower-priced meal sets have been gaining popularity at restaurants run by major South Korean hotels as more customers shy away from expensive meals following the implementation of a draconian anti-graft law, sources said Wednesday. The law, which took effect on Sept. 28, bans public servants, educators and journalists from [...]
CHUNGJU, South Korea, Oct. 7 (Korea Bizwire) – Korea’s new anti-graft law is prompting public officials to dine alone, exercising maximum caution out of fear that the slightest misunderstanding could have severe negative repercussions. The trend has been seen particularly among those living alone, separated from their families by work, who would usually spend their [...]
GANGNEUNG, South Korea, Oct. 5 (Korea Bizwire) – With the new anti-graft law reshaping Korea’s dining and gifting culture, another change is being observed: people are seemingly holding back from uploading food photos on SNS platforms such as Facebook and Instagram. The new law prohibits public officials, journalists, and private school faculty members from accepting [...]