SEOUL, Oct. 14 (Korea Bizwire) — More consumers are buying low-priced wine that costs less than 10,000 won (US$8.43) per bottle amid the current economic downturn. E-Mart Inc., South Korea’s largest discount store chain operator, reported on Sunday that sales of low-priced wine accounted for 19.7 percent of all wine sales between January and September, [...]
SEOUL, Oct. 1 (Korea Bizwire) — A series of criticisms has been raised that what the government or private companies pushed for with the aim of protecting the environment ignored consumer convenience and reality. Recently, a Starbucks customer shared on social media the inconvenience felt while eating pudding purchased at one of the coffee giant’s [...]
SEOUL, Aug. 21 (Korea Bizwire) – Online consumers still see offline stores as a crucial part of shopping, a recent study has shown. In addition, unlike the belief that consumers will engage in online shopping during lunch, breaks, or before they go to bed, it was also revealed that many shopped during work hours. DMC [...]
SEOUL, Aug. 19 (Korea Bizwire) — With the spread of consumption trends that value personal taste, interest in custom-made products, or so-called handmade products, is growing. According to a survey of 1,000 men and women aged between 16 and 64 conducted by market researcher Embrain Trend Monitor, many consumers showed a willingness to wait longer [...]
SEOUL, Jul. 4 (Korea Bizwire) — A recent survey has found that “Untact” service, which helps users minimize contact with people and provides services with limited human interaction, increased sharply for customers in their 40s. Hyundai Card, a credit card service provider, unveiled Wednesday the results of its analysis of data on the use of [...]
SEOUL, Jul. 2 (Korea Bizwire) — Six months have passed since the “Lemon Law” went into effect, but the number of applications from consumers was found to be very low and some import car companies refused to abide by the conditions imposed. The Citizens’ Coalition for Economic Justice (CCEJ) issued a statement Monday saying that [...]
DAEJEON, May 13 (Korea Bizwire) — Coffee has become more than just a drink, an important part of everyday life for South Koreans. Now, coffee comes in various shapes and sizes, including cups, cans, coffee mixes, and instant coffee. According to the Korean Intellectual Property Office (KIPO), 543 patents applied for in the past five [...]
SEOUL, May 10 (Korea Bizwire) – The ‘silent majority’ among consumers are beginning to raise their voices on issues related to their own interests. Experts argue that the recent change in consumer behavior may become a major variable in shaping public opinion, which so far has been led by the government and other interest groups. [...]
SEOUL, Apr. 24 (Korea Bizwire) — The value of cosmetics and clothes purchased with credit cards continues to decline. The decrease in spending has been seen by some as a clear sign that consumers are weighing the cost-effectiveness of their options when making purchasing decisions. According to the Bank of Korea on Tuesday, credit card [...]
SEOUL, Dec. 26 (Korea Bizwire) — This winter, demand for imported fruits is increasing as domestic fruit produced in the winter is limited to produce such as tangerines and strawberries. According to the Korea Agro-Fisheries & Food Trade Corp., grapes are particularly popular this year. Grape imports stalled in 2016 after reaching a peak in [...]