SEOUL, Nov. 10 (Korea Bizwire) — The ongoing nationwide shopping festival, aimed at boosting domestic consumption hit by the new coronavirus pandemic, has already seen notable results in terms of card spending and retail sales, the commerce ministry said Tuesday. The annual Korea Sale FESTA kicked off for a 15-day run on Nov. 1, with [...]
SEOUL, Oct. 18 (Korea Bizwire) — The government will begin distribution of a series of discount coupons this week to spur consumption in the live performance, film and sports industries hit-hard by the coronavirus pandemic, officials said Sunday. From Thursday, the government will gradually provide discount coupons, starting with 40 percent discounts for entrance to [...]
SEOUL, Sept. 20 (Korea Bizwire) — South Koreans on average consumed alcoholic beverages 8.5 days per month in 2019, a poll showed Sunday, with a growing number of people drinking at home this year due to the virus pandemic. It marked a slight drop from 8.8 days posted in 2017 and 2018, according to the [...]
SEOUL, Sept. 11 (Korea Bizwire) — South Korea’s jet fuel consumption tumbled nearly 40 percent in the first half of the year as the coronavirus pandemic caused air travel demand to hit the skids, data showed Friday. Consumption of jet fuel in Asia’s fourth-largest economy came to 11.6 million barrels in the January-June period, down [...]
SEOUL, July 8 (Korea Bizwire) — Market Kurly, a rapidly growing online grocery delivery platform, announced on Tuesday that its analysis of companion animal-related consumption for the first half of this year showed that sales of antibiotic-free snacks rose sharply. At Market Kurly, antibiotic-free jerky made of the tenderloin of home-grown duck meat topped the [...]
SEJONG, June 29 (Korea Bizwire) — South Korea’s finance ministry said Monday it will extend a temporary cut in consumption tax on passenger cars by another six months to boost consumption and support the auto industry hit by the coronavirus pandemic. The cut in consumption tax on passenger cars had been set to end Tuesday, [...]
SEOUL, May 27 (Korea Bizwire) — Koreans visit convenience stores more than twice a week and spend about 6,000 won (US$4.86) each time, according to a recent survey. As per a report released Tuesday by market analyst OpenSurvey, Koreans go to convenience stores 2.6 times a week on average and spend an average of 6,347 [...]
SEOUL, May 22 (Korea Bizwire) – South Korea’s provision of emergency relief funds began to boost private consumption, raising revenues of small merchants hit hard by the new coronavirus pandemic in the first week of the payout, data showed Friday. In a one-off aid program, the government began offering the relief funds totaling 14.3 trillion [...]
SEOUL, April 7 (Korea Bizwire) – The Ministry of Interior and Safety said Monday it is conducting a number of campaigns in collaboration with local governments to promote consumption to help small business owners and local farmers hit by the coronavirus outbreak. There are many ways to encourage local government employees actively use restaurants that [...]
GOYANG, March 23 (Korea Bizwire) — With the massive spread of the new coronavirus expected to alter life as we know it for the foreseeable future, local governments in Gyeonggi Province are pushing for various measures to support and promote consumption. The city of Goyang will temporarily hire local students and children of small business [...]