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 [...]
SEOUL, Dec. 21 (Korea Bizwire) – The so-called YOLO (You Only Live Once) syndrome is rising as a new shopping trend among consumers. YOLO consumption refers to the act of boldly purchasing expensive goods despite financial risk, as long as the buyer is satisfied. Gmarket asked 604 shoppers about YOLO shopping between December 12 and [...]
SEOUL, Nov. 30 (Korea Bizwire) — The used car market in South Korea is expected to break the record of 3.78 million transactions this year as an increasing number of consumers are shifting their focus to used cars. The Ministry of Land, Infrastructure and Transport announced on Thursday that the number of used car transactions [...]
HONG KONG, CHINA, Nov. 22 (Korea Bizwire) – Why do we care about green products and services? Are we protecting the environment or our face? As more people are becoming aware of the importance of environmental protection, more people are supporting green products and services. This is also true in tourism where green hotels are becoming [...]
SEOUL, Jun. 13 (Korea Bizwire) — With an increasing number of South Korean consumers opting to make their online purchases thorough overseas websites, complaints related to direct foreign purchases are also on the rise. The Korea Consumer Agency’s Cross Border Transaction Consumer Portal saw a 305 percent rise in complaints last year with 1,463 cases, [...]
SEOUL, May 23 (Korea Bizwire) — Eating-out expenses and prices of processed foods in South Korea have risen significantly over the past year, data showed Wednesday, in an additional burden to local consumers. According to the data from the Korea Consumer Agency, six out of the eight dishes most favored by South Koreans when eating [...]