consumers Archives | Be Korea-savvy
Luxury Consumption Diversifies Towards Shoes and Clothes

Luxury Consumption Diversifies Towards Shoes and Clothes

SEOUL, Feb. 23 (Korea Bizwire) — Luxury consumption, once centered on bags and watches, is diversifying towards other items, including shoes, accessories and clothes. Lotte Members, the membership service for retail giant Lotte Group, analyzed data from luxury item transactions. The analysis showed that the purchase of luxury shoes increased by 134.9 percent last year [...]

Consumers Pick Label Removal as Most Difficult Part of Throwing Away Plastic Bottles

Consumers Pick Label Removal as Most Difficult Part of Throwing Away Plastic Bottles

SEOUL, Dec. 24 (Korea Bizwire) — With the introduction of a new policy that obliges citizens to throw away colorless, transparent plastic bottles only after removing all non-plastic materials from them, a recent study showed that citizens are most frustrated with the label removal process. The Korea Consumer Agency conducted a survey of 1,000 consumers [...]

Koreans Increasingly Rely on Homewear, Home Cooking and Convenience Stores in Pandemic Era

Koreans Increasingly Rely on Homewear, Home Cooking and Convenience Stores in Pandemic Era

SEOUL, Nov. 24 (Korea Bizwire) — As people continue to stay indoors in the pandemic era, South Koreans have increasingly become used to so-called homewear, home cooking and going to convenience stores near home. Shinhan Card Co., a major credit card company, compared the monthly usage of cards in early 2019, prior to the pandemic [...]

Korean Consumers Open to Buying Eco-friendly Products Even if They are More Expensive

Korean Consumers Open to Buying Eco-friendly Products Even if They are More Expensive

SEOUL, Sept. 6 (Korea Bizwire) — Three out of ten South Korean consumers take a company’s record on the environment into consideration when making purchasing decisions. KB Financial Group Inc., a major South Korean banking group, conducted a survey of 1,000 credit card users, 31.6 percent of whom said that their purchasing decisions were influenced [...]