SEOUL, Oct. 16 (Korea Bizwire) – Emart, one of South Korea’s largest retailers, is taking a proactive stance against climate change through various afforestation activities, with its latest initiative reaching as far as the steppes of Mongolia. On October 15, Emart announced that it had begun planting trees in Mongolia’s Terelj National Park on October 10, [...]
SEOUL, Jul. 8 (Korea Bizwire) – In a surprising turn of events, private label (PB) home appliances are making significant inroads into the South Korean market, traditionally dominated by major corporate brands. This trend, driven by cost-conscious consumers amid high inflation, is reshaping the landscape of the home appliance industry. A prime example of this shift [...]
SEOUL, May 28 (Korea Bizwire) – As South Korea’s wine market enters a more mature phase, expensive bottles priced over 100,000 won have been gaining popularity at major retail chains’ wine festivals, industry data shows. According to retailers, sales growth rates for wines costing over 100,000 won outpaced other price segments during the semi-annual “Super Wine [...]
SEOUL, Feb. 13 (Korea Bizwire) — Lotte Shopping Co., the operator of South Korea’s biggest department store chain, said Thursday it will sell assets after posting a loss for 2019, while the country’s largest discount store chain operator, Emart Inc., reported weaker than expected earnings as well. Lotte Shopping will sell 200, or 30 percent, [...]
SEOUL, Dec. 23 (Korea Bizwire) — Wine sales accounted for a large portion of the liquor sold in the retail industry this year. Wine accounted for the largest portion of sales, surpassing that of local and imported liquor, for the first time, as Emart Inc., South Korea’s largest hypermarket chain, concluded its liquor sales from [...]
SEOUL, Jun. 27 (Korea Bizwire) — Emart Inc.’s Pierrot Shopping has attracted 4.2 million visitors just 12 months since its grand opening, based on the popularity among young customers and foreigners. A brand led by Shinsegae Group Vice Chairman Chung Yong-jin, Pierrot Shopping has opened eight stores, including six in Seoul, since it was first [...]
JEJU, May 15 (Korea Bizwire) — Workers at Emart in Jeju are protesting against Emart Inc.’s expanded operation of its unmanned self-checkout system. The Emart branch of the Korean Mart Labor Union and Jeju’s Korean Confederation of Trade Unions (KCTU) held a press conference in front of the Jeju branch of Emart on Tuesday and [...]
SEOUL, April 12 (Korea Bizwire) – Shinsegae Department Store President Jang Jai-yeong was paid the most among South Korea’s retail industry CEOs last year, industry data showed Thursday. Jang received 1.59 billion won (US$1.49 million), with the total breaking down to 929 million won in salary and 669 million won in bonuses. Lee Gap-su, president [...]
SEOUL, March 24 (Korea Bizwire) – Sales of jelly dessert products are booming, particularly among Koreans over 40, a new market research report published yesterday found. The market for jelly desserts grew by 54 percent on year last year, amounting to 153.3 billion won, according to AC Nielson Korea. This year, the market is expected to [...]
SEOUL, Sept. 19 (Korea Bizwire) – Korea’s recent trade agreements with major fruit exporters such as New Zealand and Chile have brought about a significant increase to consumption of imported fruits, thanks to lower prices. According to Emart, Korea’s leading retailer, sales of imported kiwis soared by 95.1 percent from January to August compared to [...]