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‘Ugly’ Farm Produce Gains Positive Consumer Response

‘Ugly’ Farm Produce Gains Positive Consumer Response

SEOUL, Feb. 12 (Korea Bizwire) — So-called ‘ugly’ agricultural products, which are fine in terms of quality but have rather ‘eccentric’ outward features, are gaining popularity among consumers. The Korea Consumer Agency conducted a survey of 2,000 consumers, 60.5 percent of whom had purchased ‘ugly’ agricultural products in the past. Among them, 95.5 percent said [...]

Low Birthrate Leads to Rise of Premium Toy Market

Low Birthrate Leads to Rise of Premium Toy Market

SEOUL, Oct. 30 (Korea Bizwire) — With an increase in the so-called ‘ten pocket’ phenomenon, where parents, grandparents, relatives, and other acquaintances, due to a low birthrate, open up their wallets to spend on a single child, expensive high-end toys are gaining popularity. Auction, a South Korean online shopping mall, conducted a one-month study on [...]

Overseas Sales of Choco Pie, Bibigo Mandu, Shin Ramen All Top 300 bln-won Mark

Overseas Sales of Choco Pie, Bibigo Mandu, Shin Ramen All Top 300 bln-won Mark

SEOUL, Mar. 31 (Korea Bizwire) — Overseas sales of Choco pie, Bibigo Mandu and Shin Ramen all exceeded 300 billion won (US$263.8 million) last year, a milestone for South Korean food producers that have strived to expand into new markets amid tanking demand at home, industry data showed Sunday. The three products, often referred to [...]