SEOUL, Dec. 1 (Korea Bizwire) — Despite stronger social distancing measures being rolled out in South Korea resulting from the spread of the COVID-19 pandemic, local consumers are showing signs of no panic buying with sales at online shopping malls growing at a marginal rate. Shinsegae Co.’s integrated online shopping mall SSG.COM said that its [...]
SEOUL, April 10 (Korea Bizwire) — Hoarding of daily necessities in South Korea briefly occurred in late February as the country braced for a sharp rise in the outbreak of the new coronavirus, but the country saw little panic buying of such goods induced by the novel coronavirus in part on the back of a [...]
SEOUL, March 18 (Korea Bizwire) — Panic buying is spreading like wildfire among a number of countries as fear of the coronavirus deepens. Large shopping malls in South Korea, however, are as peaceful as in the pre-coronavirus era. Experts argue that prior experiences in dealing with various epidemics, such as Severe Acute Respiratory Syndrome (SARS) [...]