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Discount Warehouses Continue to Grow Despite Coronavirus Pandemic

Discount Warehouses Continue to Grow Despite Coronavirus Pandemic

SEOUL, July 8 (Korea Bizwire) — Unlike shopping malls struggling in the aftermath of the onset of the coronavirus pandemic, discount warehouses are seeing continuous growth. E-Mart Traders, a major discount warehouse chain, saw sales jump by 21.9 percent in the period from January to May compared to the same period last year. The company [...]

Korean Air to Sell In-flight Catering, Duty-free Business amid Pandemic

Korean Air to Sell In-flight Catering, Duty-free Business amid Pandemic

SEOUL, July 7 (Korea Bizwire) — Korean Air Lines Co., the country’s biggest carrier, said Tuesday it will sell its in-flight catering and duty-free business to a private equity fund amid the growing impact of the coronavirus on the airline industry. Korean Air’s board of directors signed a memorandum of understanding with Hahn & Company [...]

Gaming Monitor Sales Soar Thanks to Coronavirus

Gaming Monitor Sales Soar Thanks to Coronavirus

SEOUL, July 7 (Korea Bizwire) — Gaming monitors are gaining popularity as more people are playing video games at home following the coronavirus outbreak. TrendForce, a market intelligence provider, estimated that shipments of gaming monitors will reach 12.2 million units worldwide this year, which is 37 percent more than last year. As Sony and Microsoft [...]