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 [...]
SEOUL, Nov. 20 (Korea Bizwire) — South Korea’s transport ministry said Wednesday it is seeking to increase the number of flights on non-Japanese routes as part of efforts to help airlines suffering lower travel demand to Japan. The government is in talks with the aviation authorities in Singapore, Indonesia and Brunei to supply more flights [...]
SEOUL, Nov. 7 (Korea Bizwire) — Japanese beer brands and Uniqlo, major companies affected by the boycott movement in South Korea, are taking desperate measures for survival. Lotte Asahi Liquor Co, the official importer of Asahi beer, has lowered beer prices by 30 percent. Sapporo beer importer M’s Beverage also lowered prices for its beer [...]
SEOUL, Nov. 1 (Korea Bizwire) — Uniqlo, a Japanese fashion retailer targeted by the boycott movement in South Korea following Japan’s restrictions on exports to the country, has suffered a plunge in sales despite massive discount offers. Rep. Park Kwang-on reported based on a compilation of data collected from eight credit card companies in South [...]
SEOUL, Oct. 31 (Korea Bizwire) — The number of South Koreans staying at hotels and tourist inns in Japan halved in August from a year earlier, data showed Thursday, amid boycott campaign against Japanese products stemming from bitter feuds over trade and history. The Japan Tourism Agency said the number of South Koreans at such [...]
SEOUL, Oct. 24 (Korea Bizwire) — Beer makers in the South Korean imported beer market are in a fierce competition to win the top seat that was once occupied by Japanese beer. According to the Korea Customs Service, Japanese beer had the largest share in the imported beer market in South Korea for 10 years [...]
SEOUL, Oct. 24 (Korea Bizwire) — A Japanese prefecture governor met with Asiana Airlines Inc.’s chief executive officer to discuss ways to keep the route to Miyazaki amid Japan’s export curbs, the company said Thursday. On Wednesday, Miyazaki Prefecture Gov. Kohno Shunji paid a visit to Asiana Airlines in Seoul to exchange views on ways [...]
SEOUL, Oct. 21 (Korea Bizwire) — Japanese fashion retailer Uniqlo is coming back to strengthen its presence in the South Korean market after a setback caused by the boycott movement against Japanese products that began last July. Uniqlo’s new commercial, however, has rekindled controversy following complaints that the ad made fun of Japanese sex slaves. [...]