Price War Archives | Be Korea-savvy
Fierce Price War Underway in Retail Industry

Fierce Price War Underway in Retail Industry

SEOUL, May 7 (Korea Bizwire) – The price war between online and offline retailers, which started at the beginning of this year, is intensifying. As Emart Inc., retail giant Shinsegae’s supermarket chain operator, declared a “price for the public” strategy against Coupang, which has always been leading the price competition in the online retail industry [...]

Online and Offline Retailers Square Off in Baby Formula Price War

Online and Offline Retailers Square Off in Baby Formula Price War

SEOUL, Feb.28 (Korea Bizwire) – With price wars between large discount stores and social commerce sites heating up, baby formula is in the limelight. As formula is being purchased more frequently through online sites, the share of offline sales is rapidly falling. This is the main reason why large discount stores such as Emart and [...]

Price War Imminent in Budget Phone Industry

Price War Imminent in Budget Phone Industry

Competition in the ‘budget phone’ market has been fierce from the start of the year, with the affordable phones rapidly gaining popularity. By the end of last year, one out of ten people was using a budget phone. (Image : Yonhap) SEOUL, Jan.6 (Korea Bizwire) – Competition in the ‘budget phone’ market has been fierce [...]