SEOUL, Feb. 18 (Korea Bizwire) — The e-commerce industry, which has long emphasized “fast delivery,” is now expanding its services, with competition now turning to offering “easy returns”. South Korea’s major shopping portal 11st said Monday that it has introduced a service to offset return costs caused by customers exchanging products, in which an insurance [...]
SEOUL, Feb. 6 (Korea Bizwire) — The coronavirus outbreak has resulted in worry among South Koreans purchasing goods directly from China over the risk of infection through delivered goods. The Korea Customs Service reported that incoming products from China accounted for as much as 33 percent of the foreign direct purchase market, ranking second after [...]
SEOUL, Jan. 29 (Korea Bizwire) – During the Lunar New Year holiday, consumers focused on products for themselves and invested in themselves. CJ O Shopping Co., a South Korean cable home shopping channel, analyzed sales during the Lunar New Year holiday from January 24 to 27. The results showed that the amount of orders for foreign and [...]
SEOUL, Dec. 31 (Korea Bizwire) — Instead of following the uniform trend and falling into a groove, 2020 will be the year of consumers choosing their preferred brands based on the beliefs and values they seek. The Samsung Fashion Institute said Monday that consumers’ needs will be increasingly fragmented next year and brands are also [...]
SEOUL, Dec. 30 (Korea Bizwire) — A business forecast argues that consumers including millennials, women, and seniors, and enterprises focusing on digital innovation will lead business trends in the 2020s. Woori Finance Research Institute, a research unit of Woori Financial Group, introduced seven keywords for future business in a report released on Sunday. The seven [...]
SEOUL, Dec. 26 (Korea Bizwire) — Consumers who are buying the first car of their life are increasingly turning to used cars. According to an online survey of 314 men and women conducted by K-Car, a South Korean used car dealer, 67.5 percent of the respondents chose used car as their first car when asked [...]
SEOUL, Nov. 18 (Korea Bizwire) — North Koreans are also interested in luxuries instead of necessities when it comes to dining culture, according to a recent exhibition. From November 11 to 14, the Pyongyang International Agriculture and Foodstuff Exhibition took place at the Pyongyang Indoor Stadium, shedding insight on food trends among North Koreans. According [...]
SEOUL, Nov. 4 (Korea Bizwire) — Local companies are touching upon consumer sentiment by revisiting past hits that helped propel them to greatness. BEANPOLE, a contemporary fashion brand that was launched in 1989 by Samsung C&T Corp., a construction and fashion unit of Samsung Group, drew attention in July for a promotion that invited customers [...]
SEOUL, Oct. 25 (Korea Bizwire) — As mobile shopping has become more common among all generations, the era of 24-hour and 7-day shopping has come. So much so that consumers’ demands are becoming more diverse. According to a survey conducted by LOTTE Members, operator of membership reward service L.POINT, consumers use an average of 5.7 [...]
SEOUL, Oct. 22 (Korea Bizwire) — More than 6 out of 10 South Korean consumers think that free trade agreements (FTAs) have had a positive impact on the local market. A survey of 3,000 men and women aged between 25 and 59 by the Korea Consumer Agency showed 67.5 percent of the respondents saying that [...]