SEOUL, May 14 (Korea Bizwire) – With the latest controversy over the humidifier sterilizer scandal, consumers are become more anxious regarding daily products that contain chemicals. Fear and suspicion over chemical content are causing an overall decline in purchases of these products. Experts advise that the widespread fear over general daily products is unnecessary, and [...]
SEJONG, Dec.28 (Korea Bizwire) – As people start to avoid heavy drinking and turn their preference towards softer alcoholic beverages, the consumption of beer in Korea has increased while the consumption of soju has gone downhill. According to an investigation conducted by the Ministry of Agriculture, Food and Rural Affairs and Korea Agro-Fisheries & Food [...]
SEOUL, Nov. 13 (Korea Bizwire) — Huawei’s 17th global R&D center will be established in Korea following the U.S., England, and India. This means that the Chinese electronic giant wants to take advantage of Korea’s high-tech prowess in mobile technology and wishes to penetrate into the Korean smart phone market as a long-term strategy. Kevin [...]
SEOUL, Korea, Mar 29, 2014 (Korea Bizwire) – Last year, household consumption spending has increased 1.2 percent, year on year, which seemed rather slow. The fluctuation was seen here and there depending on the areas of expenditure. On March 28, the Bank of Korea said, the sales of furniture and home appliances such as air-conditioners [...]
SEOUL, Korea, Mar 29, 2014 (Korea Bizwire) — The new trend of “direct purchase” (of foreign goods) online — through which the local consumers can afford to buy cheaper ones from overseas as opposed to the usual buying pattern of importation goods — has evolved into the form of offline “direct purchase store.” At direct [...]
SEOUL, Korea, Mar 13, 2014 (Korea Bizwire) – A quiet-but-fundamental change is under way in the credit card industry. The check card, also known as the debit card, is fast replacing the credit card as the main means of payment after 14 years since LG Card began issuing the card in 2000 for the first [...]
SEOUL, South Korea, Sept 23 (Korea Bizwire) – The so-called “black consumer” is a major headache for retailers and companies making consumer goods. Recently a discount store in Seoul had a run-in with a middle-aged woman who claimed that she lost something she stored four months ago in a locker inside the store. She threw [...]
SEOUL, Korea, Sep 06 (Korea Bizwire) – Korean consumers are happy with their money spent on cultural and leisure activities, but they also feel pressed by increasing cost of food. The Korea Consumer Agency released the annual report on consumption behaviors among Korean adults for 2013. According to the report, Korean consumers rated their general [...]