SEOUL, Feb. 13 (Korea Bizwire) – How much? That’s the question on the minds of South Korean adults as “Seollal” or Lunar New Year (February 16) is now only days away. In the midst of a prolonged economic downturn, how much they can afford to give out as “saebae don” or New Year’s money, a [...]
SEOUL, Feb. 7 (Korea Bizwire) — Home interior decorations have become a new gift idea for the holidays, a trend led by Shinsegae, which said Wednesday its sales of decorative goods jumped 89.2 percent over the past week from a year earlier. The department store chain has opened a special gift section, “home and personal [...]
SEOUL, Feb. 6 (Korea Bizwire) — Recent market analysis has revealed that women in their 20s and 30s comprise nearly half the consumer base for Korean traditional alcoholic beverages. From July to December (2017), women between the ages of 20 and 39 were responsible for 49.7 percent of online traditional liquor sales (9.7 percent by [...]
SEOUL, Jan. 31 (Korea Bizwire) — Local duty-free shops are offering exclusive incentives for Chinese tourists, hoping to attract them during the Lunar New Year holiday next month, industry officials said Wednesday. The Feb. 15-21 holidays overlap with the 2018 PyeongChang Winter Olympics taking place in South Korea’s eastern alpine region from Feb. 9-25 as [...]
SEOUL, Feb. 1 (Korea Bizwire) – The number of Chinese tourists arriving in South Korea during the long Lunar New Year holiday significantly decreased compared to last year, local travel agencies said Wednesday. The number of Chinese visitors opting for South Korea as a tourist destination during the holiday season from Jan. 27 to Feb. [...]
INCHEON, Jan. 25 (Korea Bizwire) – This year’s Korean Lunar New Year falls on January 28. Although the official holiday begins on Friday for a four-day weekend until Monday next week, Incheon International Airport, South Korea’s main air travel hub, is already booming with departing travelers. The airport expects roughly 416,700 individuals to depart from [...]
CHEONGJU, South Korea, Jan. 25 (Korea Bizwire) – The Korean Lunar New Year holiday starts Friday, and it usually means good news for children and young adults who visit their grandparents, aunts, and uncles for a bow in exchange for “lucky money”, cash gifts handed out as a token for a fruitful New Year. A [...]
SEOUL, Jan. 13 (Korea Bizwire) – Leading whisky brands in South Korea are resorting to law violations to push up sales for the Lunar New Year holiday and make up for the slumping market, industry officials said Friday. Liquor companies market specially packaged gift sets for the holiday when tens of millions of South Koreans [...]
SEJONG, Jan. 19 (Korea Bizwire) - South Korea will start another round of nationwide discount events later this month in a bid to boost domestic consumption around the Lunar New Year’s holiday, the finance ministry said Tuesday. The so-called Korea Grand Sale will begin on Jan. 25 and run through Feb. 7 across the nation before [...]
SEOUL, Feb. 22 (Korea Bizwire) — Korean governmental bodies are making good use of big data analysis to help design new policies. The Gwangju Metropolitan Government and SK Telecom recently conducted a big data analysis regarding transportation and population information in Gwangju, to find out which areas were the most populated with senior citizens over 65 who had [...]