SEOUL, July 20 (Korea Bizwire) — Luxury brands are scrambling to attract men in their 20s and 30s, who are rising as a major consumption power. Louis Vuitton is opening South Korea’s eighth ‘Mens’ store at Lotte Department Store in August. The fashion brand also set up a pop-up store for men in Seongsu-dong, eastern [...]
SEOUL, July 16 (Korea Bizwire) — The coronavirus pandemic is prompting consumers to stick to restaurants they’re used to frequenting, rather than looking for new places to eat. Local fintech firm Korea Credit Data studied credit card data collected from 700,000 vendors across the country to find that the use of credit cards at newly [...]
SEOUL, July 14 (Korea Bizwire) — Kim Ji-na, a mom of two children, is on a postpartum diet and tries to eat food high in protein but low in calories so that she doesn’t feel tired and grouchy. On busy mornings, the 38-year-old often grabs protein bars made of egg whites and almond or packaged [...]
SEOUL, June 21 (Korea Bizwire) — Nearly 8 out of 10 South Korean consumers have increased their online shopping during the coronavirus pandemic, a poll showed Monday. The survey of 1,000 local consumers, taken by the Korea Chamber of Commerce and Industry, showed 78.4 percent of the respondents saying their online purchases have risen since [...]
SEOUL, June 2 (Korea Bizwire) — Corporate ESG (environmental, social and governance) activities have an actual impact on consumers’ purchasing decisions, the country’s leading business lobby group said Tuesday. According to a survey conducted by the Korea Chamber of Commerce and Industry of 300 Korean consumers, 63 percent of the respondents replied that their purchasing [...]
SEOUL, May 12 (Korea Bizwire) — In South Korea, the rich were eager to buy cars while the middle-class turned to furniture and home electronics last year when outdoor activities were largely restricted due to the COVID-19 pandemic, a state-run think tank said Tuesday. According to a report released on Tuesday by the Korea Development [...]
SEOUL, May 5 (Korea Bizwire) — With South Korea’s retail industry actively promoting eco-friendly policies, the number of local consumers who are attempting to reduce the use of disposable items is also on the rise. For the January to April period of this year, the hypermarket chain Lotte Mart saw sales of single-use cups and [...]
SEOUL, April 20 (Korea Bizwire) — Despite the ongoing pandemic, South Korean consumers are still obsessed with luxury goods. Members of the younger generation in their 20s and 30s have risen as the primary consumers of luxury merchandise, gladly lining up in front of department stores to purchase limited editions of luxury brand goods. Luxury [...]
SEOUL, April 5 (Korea Bizwire) — An increasing number of South Koreans are choosing takeout rather than delivery when they use food delivery apps. By doing so, they can save on delivery fees. According to Woowa Brothers, the operator of the nation’s top food delivery app, Baedal Minjok, the number of takeout orders recently marked [...]
SEOUL, March 31 (Korea Bizwire) — Global tech giant Google Inc. is facing criticism in South Korea for putting consumer protection on the back burner despite having an unrivaled presence in the domestic mobile operating system (OS) market. Today, Google commands a share of more than 70 percent of the nation’s mobile OS market. On [...]