SEOUL, March 31 (Korea Bizwire) — South Korea’s No. 1 air carrier Korean Air saw its local brand value nosedive this year following last year’s “nut rage” case that outraged the nation’s public, a survey showed Tuesday. Brandstock, a South Korean market researcher that determines rankings of the top 100 local brands, said in its latest [...]
SEOUL, March 9 (Korea Bizwire) — Large retailers in Korea have achieved great success in the operation of their mobile shopping platforms, amidst a recent slump in their offline store operation caused by ordinances restricting operating hours, and the economic slow-down. E-Mart has even started to operate a distribution center for online shopping operations only, while [...]
SEOUL, Feb. 10 (Korea Bizwire) — E-mart, South Korea’s biggest discount chain, said Tuesday it is launching sales at an Alibaba-powered online shopping mall, its latest effort to revive retail footing in the world’s second-largest economy after previous expansion attempts flopped. Starting mid-March, E-mart will sell some 100 food and electronic products, such as soybean [...]
SEOUL, Feb. 2 (Korea Bizwire) – After plummeting tobacco sales in Korea following the price hike on New Year’s Day, demand for cigarettes is slowly but steadily recovering. After one month, stiff resistance from smokers has abated, and some have already given up their no-smoking resolutions. According to E-Mart’s analysis of its tobacco sales during [...]
SEOUL, Jan. 21 (Korea Bizwire) — E-mart launched ‘Solutian Repair,’ a new line of anti-wrinkle skin care products at their Yongsan branch, in Yongsan, Seoul on January 20. The line consists of four products: a cleansing facial mask, toner, essence moisturizer and multi-moisturizing balm. The products contain a molecular complex called ‘Tri-Bio’ which is composed of [...]
“IKEA sells not only furniture but also other household products, but it is categorized as a specialty shop for furniture under the current law. Under these circumstances, it is not regulated with regards to operation hour restrictions or forced closures like other big box retailers, which causes controversy in the aspect of fairness.” “Due to [...]
SEOUL, Dec. 23 (Korea Bizwire) — Since the explosive popularity of the “Honey Butter Chip,” potato chip snack makers have come up with new varieties with diverse flavors such as chili, lobster, cheese & onion, and black pepper. E-Mart, Korea’s largest discount outlet operator, said on December 22 that it would launch four private label [...]
SEOUL, Dec. 16 (Korea Bizwire) — Six large retailers including Lotte Mart, E-Mart and Home Plus filed a petition against two Seoul districts, claiming that the ordinances restricting operating hours or mandating the closure of supermarkets every other Sunday were discriminatory. On December 12, Seoul High Court ruled in favor of the plaintiffs, saying that the ordinances [...]
SEOUL, Nov. 3 (Korea Bizwire) – Celebrating the 21st anniversary of its foundation, E-Mart, Korea’s largest discount store chain, on November 2 rolled out two kinds of “private reserve” wines produced by Chateau Lafite, one of five famous French wine distilleries. The introduction of “private reserve” wine in Korea is the third one after the U.S. [...]
SEOUL, Oct. 19 (Korea Bizwire) – E-Mart, Korea’s largest discount store retailer, will launch a new clothing brand “Daiz Sports” in the fall season. The company started the brand “Daiz” in 2010 with clothing lines for children, infants, and golfers. With the latest addition of the sports line, E-Mart expects to offer full lines of [...]