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Southeast Asian Countries Replace Japan as Most Popular Destination for Chuseok Holidays

Southeast Asian Countries Replace Japan as Most Popular Destination for Chuseok Holidays

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 [...]

Japanese Beers Excluded from September Convenience Store Promotions

Japanese Beers Excluded from September Convenience Store Promotions

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 [...]

S. Korean Firms Pushing for Self-reliance amid Trade Spat with Japan

S. Korean Firms Pushing for Self-reliance amid Trade Spat with Japan

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 [...]

Number of S. Korean Visitors to Japan Falls 7.6 pct in July amid Tensions

Number of S. Korean Visitors to Japan Falls 7.6 pct in July amid Tensions

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 [...]

Boycott Spreading to Target Japanese Cigarettes

Boycott Spreading to Target Japanese Cigarettes

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 [...]

S. Korean Card Spending on Japanese Goods Halves in Past Month

S. Korean Card Spending on Japanese Goods Halves in Past Month

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 [...]

H&B Stores Suspend Sales of DHC Products as Japan Boycott Intensifies

H&B Stores Suspend Sales of DHC Products as Japan Boycott Intensifies

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. [...]