SEOUL, Sept. 4 (Korea Bizwire) — Imported vehicle sales in South Korea fell 5.6 percent last month due to a slump in sales of Japanese vehicles amid trade tension with Japan, industry data showed Wednesday. The number of newly registered foreign vehicles stood at 18,112 in August, down from 19,206 a year earlier, according to [...]
SEOUL, Sept. 3 (Korea Bizwire) — As South Korea continues to boycott Japanese products in response to economic retaliation from Japan, this year’s most sought-after tourist destination for the Chuseok holidays is also changing. Wemakeprice Inc., a local open market operator, said that the majority of South Koreans booked flights to Vietnam, Thailand, and other [...]
SEOUL, Aug. 28 (Korea Bizwire) — The convenience store industry will exclude Japanese beers from promotional events next month in consideration of worsening public sentiment toward Japan. According to retail industry sources on Tuesday, major convenience store chains such as CU, GS25 and 7-Eleven excluded Japanese beers such as Asahi, Sapporo and Kirin Ichiban from [...]
SEOUL, Aug. 27 (Korea Bizwire) — An intensifying trade feud with Japan is pushing South Korean companies to look beyond their longtime business partners and enhance self-sufficiency on concerns that Tokyo’s stronger export controls could choke off their supply chains. High-tech parts and materials have been unsung heroes behind the latest smartphones and televisions made [...]
SEOUL, Aug. 21 (Korea Bizwire) — The number of South Korean tourists visiting Japan tumbled more than 7 percent in July from a year earlier amid escalating tensions between the two neighbors over history and trade, Japanese government data showed Wednesday. A total of 561,700 South Koreans visited Japan last month, marking a 7.6 percent [...]
SEOUL, Aug. 21 (Korea Bizwire) — The boycott movement against Japan within South Korea, sparked by export restrictions imposed last month by Shinzo Abe’s government, has even spread to Japanese brand cigarettes. The number of cigarettes imported to South Korea from the Philippines came to 403 tons last month, down 31.9 tons or 7.3 percent [...]
SEOUL, Aug. 18 (Korea Bizwire) – South Korean airlines have seen their shares tumble since July as more locals shun tours to Japan amid trade tension between the two nations, data showed Sunday. The combined market value of six airlines listed on the main KOSPI market was estimated at 4.8 trillion won (US$4 billion) as [...]
SEOUL, Aug. 15 (Korea Bizwire) — South Koreans’ credit card spending on Japanese products has more than halved in the past month amid an escalating trade row between the two countries, government data showed Thursday. Korean consumers have staged a campaign against Japanese products and travel to the neighboring country since early July when Japan [...]
SEOUL, Aug. 14 (Korea Bizwire) — The number of air passengers on routes between South Korea and Japan dipped during the peak summer vacation season amid an escalating bilateral trade spat, government data showed Wednesday. The passenger load factor for flights to and from Japan averaged 71.5 percent during the first week of August, down [...]
SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s health and beauty (H&B) store industry has suspended sales of Japanese beauty firm DHC Corp.’s products, which has mired in controversy for its anti-Korean remarks. Olive Young, a leading H&B store chain, said it has not been selling DHC products at its online store since Monday morning. [...]