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 [...]
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 [...]