SEOUL, Jan. 20 (Korea Bizwire) — The food service industry experienced more difficult times than ever last year, in the midst of a consumption slump caused by the prolonged economic downturn and the spread of a boycott against Japan. In addition, the growth of food delivery services did not make things easier. According to the [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korean beer producers are scrambling to fill the vacuum created in the local beer market after Japanese beer suffered a massive loss in market share due to a recent boycott movement against all things Japanese. CU, a major South Korean convenience store chain, announced on Wednesday that sales [...]
SEOUL, Jan. 6 (Korea Bizwire) — Imported car sales in South Korea fell 6.1 percent in 2019 from a year earlier as Japanese brands struggled with a boycott amid trade tensions between Seoul and Tokyo, an industry association said Monday. The number of newly registered foreign vehicles fell to 244,780 units last year from the [...]
SEOUL, Dec. 29 (Korea Bizwire) — More Japanese tourists have visited South Korea than South Koreans have visited the Asian neighbor since August, data showed Sunday, after their countries have been engaged in an unprecedented trade row, sparking a boycott of Japanese goods and services here. The number of Japanese visiting South Korea reached 329,652 [...]
SEOUL, Dec. 27 (Korea Bizwire) — The South Korean unit of Japanese conglomerate Fast Retailing Co. said Thursday its net profit fell 9.9 percent in the January-September period from a year earlier due to local sentiment against Japanese products. The company, which sells Uniqlo and GU brand products, said in a regulatory filing that its [...]
SEOUL, Dec. 23 (Korea Bizwire) — As a trade row between South Korea and Japan has continued for months, their tourist exchanges have taken a steep dive, hammering one of the most lucrative tourist routes in Asia. The number of Korean travelers visiting Japan nose-dived to some 205,000 in November, registering a dramatic fall of [...]
SEOUL, Dec. 15 (Korea Bizwire) — Japan suffered a wider decrease in its outbound shipments to South Korea compared with the other way around amid the monthslong trade dispute between the two Asian neighbors, data showed Sunday. Japan’s exports to South Korea reached US$15 billion over the July-October period compared with a year earlier, down [...]
SEOUL, Dec. 12 (Korea Bizwire) — Amid a prolonged boycott movement against Japanese products, most consumers are in fact refusing to purchase goods made in Japan. In a survey conducted by the Korea Rural Economic Institute on 1,519 households in South Korea, 81.5 percent of all consumers supported the boycott movement. The result comes as [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korean imports of Japanese beer tumbled more than 99 percent on-year in the past two months due to a boycott of Japanese products amid a bilateral trade row, data showed Friday. South Korea brought in Japanese beer worth US$38,000 in October, down 99.5 percent from a year earlier, [...]
SEOUL, Nov. 23 (Korea Bizwire) — South Korea on Friday suspended its earlier notice to Japan regarding the expiration of a military intelligence-sharing pact with its neighbour, thereby likely providing a fresh impetus to resolve their monthslong bilateral trade dispute. While the General Security of Military Information Agreement (GSOMIA) was scheduled to expire at midnight [...]