SEOUL, July 18 (Korea Bizwire) — Consumers struggling with surging prices are increasingly limiting their purchases of products other than essential goods like food. The Ministry of Trade, Industry and Energy reported that last month’s offline retailer sales went up by 10.1 percent, while sales in the home appliances and culture sectors dropped by 9.7 [...]
SEOUL, March. 11 (Korea Bizwire) — As the COVID-19 pandemic drags on, the number of South Koreans who buy more than 100 books a year is increasing. According to Kyobo Book Center, South Korea’s biggest bookstore chain, the number of readers who bought more than 100 books last year was up by 9.5 percent compared [...]
SEOUL, Dec. 30 (Korea Bizwire) — Foreign investors recently have been scooping up shares of Kakao Corp., the operator of South Korea’s largest messaging app Kakao Talk, on expectations of a rosy earnings outlook, data showed Monday. Foreigners net bought 96.64 billion won (US$83.6 million) worth of Kakao shares in the Dec. 2-27 period, according [...]