SEOUL, Feb. 21 (Korea Bizwire) — A new study has revealed that retail sales in South Korea during the winter increase when the weather is chilly, but not too cold. The study conducted by supermarket giant E-Mart showed that the number of customers peaked when the temperature hit minus 5 degrees Celsius, also known as the [...]
SEJONG, Feb. 12 (Korea Bizwire) — SK Chemical Co. and two other firms were fined for providing insufficient and misleading information on its humidifier sterilizer products, the country’s corporate watchdog said Monday. The Fair Trade Commission (FTC) said it has decided to levy a total of 134 million won (US$124,000) in fines on SK Chemical, [...]
SEOUL, Feb. 5 (Korea Bizwire) — E-Mart, South Korea’s biggest discount store chain operator, topped other businesses by recruiting the largest number of new employees over the past five years, a local think tank said Sunday. In a survey carried out on the country’s top 30 conglomerates’ affiliates which employ more than 300 people, E-Mart [...]
SEOUL, Jan. 30 (Korea Bizwire) – Pronounced “howl” in Korean, “haul” is to shopping what “mukbang” is to food. An online phenomenon exclusive to South Korea, mukbang refers to a vlogger filming him or herself consuming vast amounts of food all in one sitting while simultaneously continuing to hold a conversation with viewers. Swap out [...]
SEOUL, Jan. 26 (Korea Bizwire) — Phytoncide air purifiers that supposedly recreate “forest air”, standard air purifiers, humidifiers and commercial oxygen generators are being bought up by droves of South Korean consumers, who are spending what it takes to keep their home environment free of the fine dust that periodically blankets the nation in the [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korean retail giant Shinsegae Inc. said Friday it has signed an initial agreement with a foreign investment firm and a private equity firm to strengthen its e-commerce business amid a rapid expansion of the country’s online market. Shinsegae said it will hive off the online business divisions of [...]
SEOUL, Nov. 24 (Korea Bizwire) – South Korean companies are pushing to expand their presence in the Middle Eastern market after suffering backlash from a diplomatic row between Seoul and Beijing over a U.S. missile defense system here, industry watchers said Friday. Earlier in the day, the Korea Federation of Small and Medium-sized Enterprises (SMEs) [...]
SEOUL, Nov. 23 (Korea Bizwire) — E-Mart Inc., South Korea’s largest discount chain operator, said Thursday its beauty brand will open a store in Saudi Arabia next year, as the retailer attempts to expand its presence in the overseas market. The company said it signed an agreement with the Middle Eastern country’s major retail group [...]
SEOUL, Nov. 21 (Korea Bizwire) – As November 24 or “Black Friday” inches closer, local retailers are rolling out limited time discounts in what is expected to be a boom year for overseas direct purchases. Overseas direct purchasing companies enable customers to procure goods at local prices and have their products shipped directly to their [...]
SEOUL, Oct. 25 (Korea Bizwire) — E-Mart Inc., South Korea’s largest discount chain operator, said Wednesday it will open another store inside a traditional market in Seoul later this year, as it attempts to meet growing calls for a mutual growth with mom-and-pop shops. E-Mart’s No Brand, a chain dedicated to selling its private-label products [...]