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Convenience Stores Play Role of “Eatery” and “Pharmacy” During Major Holidays

Convenience Stores Play Role of “Eatery” and “Pharmacy” During Major Holidays

SEOUL, Sept. 17 (Korea Bizwire) — Convenience stores situated in the nation’s leading industrial complexes were found to be playing the dual role of restaurant and drugstore during the nation’s major holidays, providing food and medicine to those unable to return to their hometowns. The National Convenience Store Association announced today that the sales ratio [...]

Women in their 20s and 30s Core Customers of Traditional Liquors

Women in their 20s and 30s Core Customers of Traditional Liquors

SEOUL, Feb. 6 (Korea Bizwire) — Recent market analysis has revealed that women in their 20s and 30s comprise nearly half the consumer base for Korean traditional alcoholic beverages. From July to December (2017), women between the ages of 20 and 39 were responsible for 49.7 percent of online traditional liquor sales (9.7 percent by [...]

Divorce Soars Around New Year and Chuseok

Divorce Soars Around New Year and Chuseok

SEOUL, Jan. 15 (Korea Bizwire) — Despite the family-friendly image of traditional holidays, a significant number of couples file for divorce around traditional family holidays such as Lunar New Year and Chuseok. Data from the National Court Administration shows that nearly twice as many married couples file for divorce during the 10 days before and after [...]

Large Retailers Post Sales Growth During Long Chuseok Holiday

Large Retailers Post Sales Growth During Long Chuseok Holiday

SEOUL, Oct. 9 (Korea Bizwire) — South Korea’s large retailers posted solid sales ahead and during this year’s Chuseok holiday helped by all out marketing efforts to attract customers, industry sources said Monday. Data provided by local retailers showed double digit growth by some companies as the country celebrated the longest holiday in decades. Chuseok, [...]

North Korea Gives Only One Day for Chuseok In Contrast to Largely Celebrated Leaders’ Birthdays

North Korea Gives Only One Day for Chuseok In Contrast to Largely Celebrated Leaders’ Birthdays

SEOUL, Oct. 2 (Korea Bizwire) – North Koreans are given a single day’s holiday for Chuseok, the traditional Korean autumn harvest feast, in contrast to the more extravagant manner in which its late leaders’ birthdays are celebrated. South Koreans have entered into a unusually long 10-day holiday for Chuseok, which falls on Wednesday, as the [...]

Bank of Korea Offers Net 7 Trillion Won in Liquidity Ahead of Chuseok Holiday

Bank of Korea Offers Net 7 Trillion Won in Liquidity Ahead of Chuseok Holiday

SEOUL, Sept. 29 (Korea Bizwire) – The Bank of Korea said Friday it has injected a net 7 trillion won (US$6.1 billion) in liquidity into the financial system to help keep the money supply stable ahead  of the Chuseok holiday.  The central bank said its money injection for the 10 business days leading up to the  holiday jumped 43.3 percent from a year ago as this year’s holidayis the longest in decades. The government gave [...]

Tourism Industry Put to Test During Chuseok Holiday

Tourism Industry Put to Test During Chuseok Holiday

SEOUL, Sept. 21 (Korea Bizwire) – With the 10 day-long Chuseok holiday fast approaching, the South Korean tourism industry finds itself at a critical turning point, with millions of South Koreans deciding between traveling around the country and going abroad. This year’s much anticipated Chuseok holiday, South Korea’s Thanksgiving celebration, is one of the longest in [...]

Highway Rest Stops to Offer Medical Checkups, Mini Golf, Camping During Chuseok Holiday

Highway Rest Stops to Offer Medical Checkups, Mini Golf, Camping During Chuseok Holiday

SEOUL, Sept. 21 (Korea Bizwire) – The upcoming Chuseok holiday starting on October 2 will likely see a reenactment of the annual tradition of highways jam packed with cars inching slowly but surely to extended family gatherings in the outer provinces. In order to cheer up travelers made morose by appalling traffic conditions, the Korea [...]