SEOUL, July 11 (Korea Bizwire) — South Korea’s major retailers are stepping up marketing efforts with a focus on price competitiveness with high inflation showing no sign of abating. GS Retail Co.’s online shopping store GS Fresh Mall promoted about 30 different items through the ‘Everyday Good Price’ event from July 1 to 8. Sales [...]
SINGAPORE, March 30 (Korea Bizwire) – GCP Applied Technologies Inc. (NYSE: GCP) (GCP or the Company), a leading global provider of construction products, today announced it is implementing price increases for Concrete Admixtures, Cement Additives and Specialty Building Materials in Asia Pacific. To continue providing the exceptional solutions GCP’s customers rely on, at the levels of service [...]
SEOUL, March 14 (Korea Bizwire) — Prices of eggs in South Korea may jump by up to 68 percent in the March-May period this year, as the spreading avian influenza is expected to further exacerbate the supply shortage, a state-funded think tank said Sunday. In the three-month period, the supply price of a large-size 10-egg [...]
SEOUL, Feb. 24 (Korea Bizwire) – The prices of imported fruits and beef in South Korea are higher than in any other country, a consumer advocacy group said Tuesday. Consumers Korea had compared the prices of 25 imported items in cities of 10 major countries and found that the prices of nine imported items, including [...]
SEOUL, Feb. 19 (Korea Bizwire) — Gold prices in South Korea hit a 10-month low as hope of an economic recovery has made the bullion less attractive, data showed Friday. A gram of gold changed hands at 63,900 won (US$57.7) on the domestic market Friday, down 0.48 percent from the previous session, according to the [...]
SEOUL, June 2 (Korea Bizwire) — The price of pork increased in May from a year earlier as a growing number of people preferred preparing meals at home amid the new coronavirus pandemic, data showed Tuesday. The average wholesale price of pork reached 5,115 won (US$4.18) per kilogram in May, up 22 percent from a [...]
SEOUL, Nov. 2 (Korea Bizwire) — South Korean farmers are urging local authorities to make efforts to normalize pork prices here in the face of the African swine fever (ASF) outbreak, industry watchers said Saturday. The local wholesale price of pork reached 2,809 won (US$2.4) per kilogram, plunging 28.2 percent from a year earlier as [...]
SEOUL, Apr. 28 (Korea Bizwire) - Prices of pork meat in South Korea shot up nearly 17 percent this month due to strong demand in line with increased outdoor activities such as camping, and may further rise down the road, data showed Sunday. According to the data by the Korea Agro-Fisheries & Food Trade Corp., [...]
SEOUL, Mar. 25 (Korea Bizwire) — A recent study has showed that the most comfortable price among consumers for a cup of coffee (americano) was 2,900 won (US$2.56), much lower than the actual price of americanos being sold in most coffee shops at over 4,000 won (US$3.53). The Consumer Network for Public Interest (CNPI), a [...]
SEOUL, Feb. 11 (Korea Bizwire) — A South Korean court has ruled that 1+1 purchasing events cannot be seen as ‘exaggerated advertisements’ if the price of the product is cheaper during the event. Seoul High Court, in a case filed by hypermarket chain operators Homeplus Co. and Homeplus Stores Co. against the Fair Trade Commission [...]