SEOUL, July 15 (Korea Bizwire) — Despite a sluggish economy, South Korea’s health supplement industry posted double-digit growth in 2023, becoming the only segment of the country’s biohealth sector to do so, according to new government data. A report released July 13 by the Korea Health Industry Development Institute (KHIDI) showed that the health supplement [...]
SEOUL, May 6 (Korea Bizwire) — South Korea’s retail sector is undergoing a transformation, with department stores, convenience chains, e-commerce platforms, and home shopping networks all doubling down on health supplements as a key growth driver in the post-pandemic era. Spurred by the rise of the “Healthy Pleasure” lifestyle — where consumers actively enjoy health management [...]
SEOUL, Apr. 8 (Korea Bizwire) – A novel category of dietary supplements combining liquid and pill formulations in one convenient package is rapidly gaining traction in South Korea, prompting pharmaceutical companies to ramp up sales and marketing efforts for the innovative “dual-format” products. The premium vitamin brand Enerthistle perfectshot from Daewoong Pharmaceutical crossed 3 million cumulative [...]
SEOUL, Feb. 17 (Korea Bizwire) — Among a variety of health supplements, vitamin supplements were named the top-selling item in South Korea. The state-run Korea Agro‑Fisheries & Food Trade Corp. (aT) conducted an online survey of 800 local consumers, 76 percent of whom (multiple answers possible) said that they had bought vitamin supplements in the [...]
SEOUL, Jan. 21 (Korea Bizwire) — The market for dietary supplements in South Korea has been expanding in recent years thanks to eye vitamins and probiotics. The Korea Health Supplements Association (KHSA), in a study of three-year data collected from 5,000 households, reported that the South Korean market for dietary supplements grew to 4.6 trillion [...]