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. [...]
SEOUL, Aug. 12 (Korea Bizwire) — The boycott movement against Japanese goods is now going beyond Japanese beer and fashion brands to infiltrate baby products and hobby items. Consumers have been updating the list of boycotted items through social networks, and sharing ways to distinguish Japanese products by checking the barcode. According to SSG.com, Shinsegae [...]
SEOUL, Aug. 7 (Korea Bizwire) — With the boycott of Japanese goods intensifying in South Korea, companies that some consumers have labeled as “Japanese companies” are struggling to explain themselves. It is not easy to clear up the misunderstanding as there are some complicated cases of stake relationships that are confusing even to consumers. Daiso, [...]
SEOUL, Aug. 6 (Korea Bizwire) — With the ensuing boycott movement against Japanese products, South Koreans are beginning to share information on new and upcoming Japanese brands coming to South Korea. The intent is to include them in the boycott list to hurt their sales as soon as the stores are open. Among them, Japanese [...]
SEOUL, Aug. 6 (Korea Bizwire) — As demand for trips to Japan, which was once the most popular travel destination among South Koreans, has plummeted with the ongoing boycott against Japan, alternative destinations abroad are enjoying an uptick in popularity. In particular, it is surprising to see the demand for travel to Hong Kong has [...]