SEOUL, Sept. 21 (Korea Bizwire) — With the Chuseok weekend just around the corner, an increasing number of Koreans are expected to consume soju at home during the major holiday weekend. According to HiteJinro Co., the nation’s top distiller, an analysis of the sales figures of soju sold during the Chuseok weekend over the last [...]
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 [...]
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 [...]
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 [...]
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, [...]
SEOUL, Oct. 5 (Korea Bizwire) – South Korea is ramping up efforts to prevent foreign fire ants from further spreading in the country after they were first detected in the southern port of Busan last week, government officials said Thursday. Some 25 fire ants were discovered in a storage container at Busan’s Gamman port last [...]
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 [...]
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 [...]
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 [...]
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 [...]