SEOUL, Dec. 30 (Korea Bizwire) — Retail sales in South Korea rose 9.6 percent in November from a year earlier on the back of an annual nationwide shopping event and eased antivirus restrictions, the industry ministry said Thursday. The combined sales of 25 major offline and online retailers reached 13.66 trillion won (US$11.54 billion) last [...]
SEOUL, Nov. 29 (Korea Bizwire) — Retail sales in South Korea surged 14.4 percent in October from a year earlier as more consumers opened their wallets amid various promotional events and cold weather, the industry ministry said Monday. The combined sales of 25 major offline and online retailers reached 13.6 trillion won (US$11.41 billion) last [...]
SEOUL, Oct. 28 (Korea Bizwire) — Retail sales in South Korea surged 8.2 percent in September from a year earlier, data showed Thursday, as consumers turned to “revenge shopping” amid the prolonged virus pandemic. The combined sales of 25 major offline and online retailers reached 13.2 trillion won (US$11.26 billion) last month, compared with 11.9 [...]
SEOUL, Sept. 29 (Korea Bizwire) — Retail sales in South Korea moved up 6.4 percent in August from a year earlier, data showed Wednesday, as people continued to purchase more food and groceries online amid the new wave of the COVID-19 pandemic. The combined sales of 25 major offline and online retailers reached 12.6 trillion [...]
SEOUL, Aug. 26 (Korea Bizwire) — Retail sales in South Korea advanced 13 percent in July from a year earlier, data showed Thursday, on the back of strong demand for food delivery services amid the prolonged social distancing measures. The combined sales of 25 major offline and online retailers reached 12.9 trillion won (US$11 billion) [...]
SEOUL, Aug. 2 (Korea Bizwire) — Department stores and shopping malls are seeing a sales recovery following this year’s so-called ‘revenge spending’ trend, but local supermarkets are still struggling to stay afloat. The Korea Small Business Institute (KOSBI) and Statistics Korea reported 43.8 trillion won (US$38.1 billion) in retail sales in May, with department store [...]
SEOUL, June 27 (Korea Bizwire) — Retail sales in South Korea moved up 12.9 percent in May from a year earlier, data showed Sunday, as more consumers visited offline shops amid the country’s aggressive inoculation program. The combined sales of 25 major offline and online retailers reached 13.1 trillion won (US$11.6 billion) last month, up [...]
SEOUL, April 27 (Korea Bizwire) — Retail sales in South Korea jumped 18.5 percent in March from a year earlier on the back of seasonal promotions by offline stores, with local consumers also turning to “revenge shopping” amid the prolonged virus pandemic. The combined sales of 26 major offline and online retailers reached 13.1 trillion [...]
SEOUL, March 10 (Korea Bizwire) — In the midst of the rapid growth of the e-commerce market resulting from the COVID-19 pandemic, the demand for logistics warehouses that are needed for storing, loading, unloading and sorting cargo is growing at a healthy pace. The online real estate information provider Real Estate 114 analyzed the cases [...]
SEOUL, Feb. 25 (Korea Bizwire) — Retail sales in South Korea rose 6 percent in January from a year earlier as more consumers purchased daily necessities from online stores, with the demand for gift items ahead of the Lunar New Year’s holiday also bolstering the sales, data showed Thursday. The combined sales of 26 major [...]