SEOUL, Jan. 23 (Korea Bizwire) — As economic hardships deepen, TMON, a major online shopping platform, expects customers to significantly reduce their spending on Lunar New Year gifts this year. In a survey conducted from January 10 to 16 involving 500 customers, TMON found that 58% (multiple responses allowed) plan to purchase gifts from online channels [...]
SEOUL, Jan. 13 (Korea Bizwire) — Liquor companies in South Korea are releasing eco-friendly, limited editions of alcoholic beverages ahead of the Lunar New Year. A-Young Fortune Brands Co. released the All PaperBox gift set on Thursday with packaging made entirely of paper. Liquor gift sets normally include plastic material or plastic airbags to protect [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korea’s convenience store chains have launched sales of gift sets for the upcoming Chuseok holiday from Sept. 9-12. Among such gift sets, a variety of rare and extraordinary items are drawing interest from customers. GS25 is rolling out luxury liquor gift sets, including DRC Romanee-Conti 2017 valued at [...]
SEOUL, May 16 (Korea Bizwire) — A 27-year-old office worker surnamed Kim has been ‘bombed’ with three wedding invitations. Now, he has to give out 300,000 won (US$233) in cash as gifts. “There were almost no weddings happening during the pandemic era, so I didn’t have to spend as much,” he said. “Now, though, wedding [...]
SEOUL, Jan. 6 (Korea Bizwire) — An increasing number of newlyweds are giving wedding guests thank-you gifts instead of tickets to a buffet meal as the coronavirus pandemic drags on. Lotte Department Store said that the price of wedding gifts sold at its wedding center cost between 20,000-50,000 won (US$18-$46). Following COVID-19 pandemic, prices jumped [...]
SEOUL, Jan. 29 (Korea Bizwire) — The trend of expressing gratitude through mobile coupons and gift cards or vouchers is growing in South Korea. E-commerce services in which gifts are delivered to a recipient when they enter their address, and gift cards that can be purchased at convenience stores were popular this Lunar New Year [...]
SEOUL, Aug. 24 (Korea Bizwire) – This year’s Korean Thanksgiving Day, or Chuseok, falls on September 15, inspiring weary Koreans with a long weekend holiday to look forward to from September 14 to September 18. As one of the two major traditional holidays in Korea, with the other being Lunar New Year, the rush for bus [...]
SEOUL, May 4 (Korea Bizwire) – The month of May in Korea is sometimes referred to as ‘family month’. With approaching holidays and commemoration days like Children’s Day (May 5) and Parent’s Day (May 8), the average worker is expected to spend an average of 360,000 won on gifts. A recent survey conducted by Hunet, [...]