Daiso Archives | Be Korea-savvy
New Regulation Looms over IKEA, Daiso as SMEs Minister Takes Office

New Regulation Looms over IKEA, Daiso as SMEs Minister Takes Office

SEOUL, Nov. 27 (Korea Bizwire) — The government’s review on the necessity of restricting the operating hours of large-scale specialty stores is expected to gain speed as the country’s first minister for small and medium-sized enterprises (SMEs) took office, industry watchers said Sunday. On Tuesday, Hong Jong-haak was appointed to head the Ministry of SMEs [...]

Neighborhood Stationery Stores Lose Revenues to Dollar Store Juggernaut Daiso

Neighborhood Stationery Stores Lose Revenues to Dollar Store Juggernaut Daiso

SEOUL, Sept. 26 (Korea Bizwire) — South Korean stationery stores have been struggling to survive in the face of stiff competition from Japanese dollar-shop chain Daiso, industry sources said Tuesday, with many calling on the franchise to focus on household items. Daiso, which sells products mainly priced from 2,000 won (US$1.76) to 5,000 won, currently [...]

Amid Economic Slump, “Cost-Effectiveness” Becomes Key Term for Consumption

Amid Economic Slump, “Cost-Effectiveness” Becomes Key Term for Consumption

SEOUL, Feb. 2 (Korea Bizwire) – Amid a prolonged economic downturn, practicality, or cost-effectiveness, has become the key element of consideration when purchasing a new product. In other words, more people are choosing budget-friendly products with the best performance.  Daiso, a discount store franchise similar to American dollar stores, is among the companies benefiting from [...]