SEOUL, Aug. 18 (Korea Bizwire) — Convenience store operators are competing over rather unusual luxury gifts with the Chuseok holiday just around the corner. Stores expect that consumers will replace gifts with luxury goods as many are bound to spend the Korean Thanksgiving holidays indoors and engage in so-called ‘revenge spending.’ GS25 released a 2.03-carat [...]
SEOUL, May 4 (Korea Bizwire) — ‘Cash’ was the most wanted gift both to receive and give on Parents’ Day (May 8), a survey showed Monday. TMON Inc., a major e-commerce operator, conducted a survey of 700 customers, 60 percent of whom picked hard cash as the most desirable gift on Parents’ Day, while another [...]
SEOUL, Feb. 10 (Korea Bizwire) — In the midst of an increase in the number of South Korean consumers who are opting to send gifts rather than visit their hometowns during the Lunar New Year holiday due to the COVID-19 pandemic, young and middle-aged consumers showed significantly different buying habits when it comes to Lunar [...]
SEOUL, Aug. 21 (Korea Bizwire) — With a growing number of South Koreans engaging in so-called ‘untact’ (contactless) transactions, mobile gift certificates or e-coupons are gaining popularity as gifts for the upcoming Chuseok holidays. Lotte ON, Lotte Shopping Co.’s integrated online shopping website, conducted a survey of 3,000 customers, 50.1 percent of whom picked e-coupons [...]
SEOUL, March 13 (Korea Bizwire) — Samsung Group has distributed gifts to all staff and associates currently under quarantine or working from home due to the coronavirus. The company said on Thursday that it has sent out gifts to 2,500 employees currently under self-quarantine and 5,000 working from home, including 1,800 pregnant women, among 18 [...]
SEOUL, Sept. 11 (Korea Bizwire) — An increasing number of South Koreans are purchasing Chuseok holiday gifts online instead of going to a brick and mortar store. When it comes to fresh food, however, consumers still prefer to make purchases in person. Lotte Mart reported that holiday gifts accounted for 8.1 percent of total online [...]
SEOUL, Feb. 11 (Korea Bizwire) — Valentine’s Day chocolate givers are switching back to buying packaged sweets instead of making their own, according to sales records from a leading online mall on Monday. Auction, an open market internet mall, tracked chocolate sales in the Jan. 25-Feb. 7 period from 2015 to 2019. Results showed that [...]
SEOUL, Dec. 18 (Korea Bizwire) — South Koreans plan to spend less on year-end and new year holiday gifts in the coming few weeks compared to the year before amid rising unemployment and unstable job security, a poll showed Monday. The average South Korean plans to spend about 203,000 won (US$183) buying gifts toward the [...]
SEOUL, Jan. 6 (Korea Bizwire) – Another New Year’s holiday awaits Koreans, and that is Seollal, the Korean New Year. Along with Chuseok, also known as Korean Thanksgiving, it is the biggest national holiday for families and relatives to gather together for some traditional “fun.” New Year’s Day for 2017 falls on Saturday January 28, [...]
SEOUL, March 2 (Korea Bizwire) – Chinese media have reported that a couple of pandas promised to Korea at the Korea-China summit of 2014 will be arriving at Incheon airport on March 3. The two-year-old and three-year-old panda couple will depart China from Chengdu International Airport in Sichuan Province on a special Korean Airlines charter. [...]