SEOUL, Aug. 6 (Korea Bizwire) — As more consumers are concerned with their health due to the coronavirus pandemic, not-from-concentrate (NFC) juice, made from 100 percent fruits and vegetables without any sugar or other chemical substances, are gaining popularity. Market Kurly, an online grocery delivery platform, reported that NFC juice sales jumped by 57 percent [...]
SEOUL, July 30 (Korea Bizwire) — South Korea has reported a surplus in trade with countries with which it signed free trade pacts, data showed Thursday, in a sign that such deals help Seoul cushion the negative impact of the coronavirus pandemic. According to the data by the Korea Customs Service (KCS), South Korea posted [...]
SEOUL, July 30 (Korea Bizwire) — South Korean telecom operator LG Uplus Corp. said Thursday it will introduce digital kiosks and new online shopping services as part of its shift toward going “contactless” amid the pandemic. Starting in September, visitors to the mobile carrier’s flagship store in Gangnam, southern Seoul, will be able to use [...]
SEOUL, July 27 (Korea Bizwire) — Duty-free sales rose for the second straight month in June, but their sales still remained half of pre-pandemic figures, industry data showed Monday. Combined sales at duty-free shops in South Korea reached 1.11 trillion won (US$923 million) in June, up 9.3 percent from a month earlier, according to the [...]
BUCHEON, July 15 (Korea Bizwire) — The 24th Bucheon International Fantastic Film Festival (BIFAN) has seen a constant inflow of visitors despite the coronavirus outbreak since its grand opening on July 9. On the second day of the festival, tickets for 24 out of 32 film screenings were sold out. For the weekends, all 63 [...]
SEOUL, July 14 (Korea Bizwire) — The vast majority of South Koreans agree that government agencies including the Ministry of Health and Welfare have done a good job in fighting the coronavirus. Health Consumers Network, a South Korean civic group, conducted a nationwide survey of 1,200 men and women between the ages of 20 and [...]
SEOUL, July 8 (Korea Bizwire) — Unlike shopping malls struggling in the aftermath of the onset of the coronavirus pandemic, discount warehouses are seeing continuous growth. E-Mart Traders, a major discount warehouse chain, saw sales jump by 21.9 percent in the period from January to May compared to the same period last year. The company [...]
SEOUL, July 6 (Korea Bizwire) — South Korea’s capital city and its surrounding areas saw the net inflow of residents more than double in March and April from a year earlier as the novel coronavirus pandemic hit job markets in local areas, a report showed Monday. A net 275,000 people moved into Seoul, Incheon and [...]
SEOUL, June 30 (Korea Bizwire) — One in four South Koreans are inclined to spend more on 5G network services and faster internet connection to better prepare for the coronavirus pandemic, a survey showed on Tuesday. The survey conducted by Ericsson-LG, a joint venture between Sweden-based Ericsson and South Korea’s LG Electronics Inc., showed that [...]
SEOUL, June 14 (Korea Bizwire) — U.S. dollar-denominated deposits at South Korean banks have risen nearly 30 percent since February as investors have chased after safer assets amid the new coronavirus outbreak, industry data showed Sunday. Outstanding dollar deposits at five local banks reached US$47 billion as of Thursday, up 28 percent from $36.6 billion [...]