SEOUL, July 5 (Korea Bizwire) — Japanese consumer goods producers in South Korea saw their operating profits plunge by more than 70 percent on-year in 2019, data showed Sunday, due to the prolonged trade dispute between the two neighbors that led to a boycott against Japanese products here. The combined operating profit of 31 Japanese [...]
SEOUL, July 3 (Korea Bizwire) — The ‘No Japan’ boycott movement against Japanese products that broke out last July after Japan imposed export restrictions on South Korea has had a serious impact on last year’s imported beer market. The Korea Agro-Fisheries & Food Trade Corp. reported Thursday that the retail market for beer in the [...]
SEOUL, July 1 (Korea Bizwire) — South Korean university students and civic groups declared a boycott of the movie “Mulan” on Wednesday in support of the democracy protests in Hong Kong. Several student and civic groups held a rally in front of Walt Disney Co. Korea in southern Seoul, asking the company to scrap its [...]
SEOUL, May 25 (Korea Bizwire) — Uniqlo’s budget brand GU, which has been hit hard by the coronavirus pandemic and a boycott of Japan in place since last summer, will withdraw from South Korea. FRL Korea Co., an operator of Uniqlo Korea, recently announced that GU will stop operating offline stores in the country around [...]
SEOUL, May 24 (Korea Bizwire) — South Korea’s imports of consumer goods from Japan plunged 37 percent in April from a year earlier due to Japan’s export curbs and the new coronavirus impact on consumer spending, government data showed Sunday. The value of imported Japanese consumer goods fell on-year to US$249 million last month as [...]
SEOUL, April 8 (Korea Bizwire) — Experts are anticipating layoffs at the South Korean unit of Japanese fashion retailer Uniqlo, which has been hit hard by last year’s national boycott movement against Japanese products. Chief executive of FRL Korea, an operator of Uniqlo Korea, recently mentioned the term ‘restructuring’ in an email. The email written [...]
SEOUL, Feb. 28 (Korea Bizwire) — The Japanese beer industry, which has nothing to do with the Japanese government’s restrictions on exports of semiconductor materials to South Korea, has almost completely lost its foothold in the Korean market. According to the monthly trade statistics released Thursday by Japan’s Ministry of Finance, beer exports to South [...]
SEOUL, Feb. 18 (Korea Bizwire) — More than half of South Korean job seekers want career experiences overseas, a recent study revealed. Saramin, an online job search platform, conducted a survey of 3,545 adults, 55 percent of whom said they wanted to work overseas. More male respondents (60.5 percent) wanted to work overseas than women [...]
SEOUL, Feb. 18 (Korea Bizwire) — South Korea’s imports of key consumer goods from Japan fell for the seventh consecutive month in January as a boycott of Japanese goods has dragged out amid their monthslong feud over their shared wartime history, data showed Tuesday. Imports of consumer goods from Japan dipped 35.9 percent from a [...]
SEOUL, Feb. 5 (Korea Bizwire) — Sales of imported cars in South Korea fell 3.1 percent in January from a year earlier due to lower demand for Japanese brands amid trade tensions between Seoul and Tokyo, an industry association said Wednesday. The number of newly registered foreign vehicles fell to 17,640 units last month from [...]