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Retail Sales Up 7.5 pct in September amid Growing Outdoor Activities

Retail Sales Up 7.5 pct in September amid Growing Outdoor Activities

SEOUL, Oct. 31 (Korea Bizwire) — Retail sales in South Korea grew 7.5 percent on-year in September on an increase in people’s outdoor activities amid eased antivirus curbs, data showed Monday. The combined sales of 25 major offline and online retailers came to 14.21 trillion won (US$9.98 billion) last month, compared with 13.2 trillion won [...]

Retail Sales Up 15.4 pct in August amid Eased Virus Curbs

Retail Sales Up 15.4 pct in August amid Eased Virus Curbs

SEOUL, Sept. 28 (Korea Bizwire) — Retail sales in South Korea marked the largest on-year growth so far this year in August on the back of the increase in people’s outdoor activities amid eased antivirus curbs and preparations for the Chuseok holiday, data showed Wednesday. The combined sales of 25 major offline and online retailers [...]

Retail Sales Up 9.7 pct in July amid Eased Virus Curbs

Retail Sales Up 9.7 pct in July amid Eased Virus Curbs

SEOUL, Aug. 30 (Korea Bizwire) — Retail sales in South Korea rose 9.7 percent on-year in July amid eased COVID-19 curbs and the growth in people’s outdoor activities, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers came to 14.17 trillion won (US$10.48 billion) last month, compared with 12.9 [...]

Competition for Lowest Price Heats Up in Retail Industry

Competition for Lowest Price Heats Up in Retail Industry

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 [...]

Automobile, Retail Industries Look for Synergy Through Cooperation in Car Sales

Automobile, Retail Industries Look for Synergy Through Cooperation in Car Sales

SEOUL, April 11 (Korea Bizwire) — Automotive sales channels that have been limited to offline dealers are now expanding towards retail industries, including large discount stores and online malls, amid a shift in the automotive retail paradigm. Large discount store chains E-Mart Inc. and Homeplus Co. each set up a showroom for Hyundai Motor Co.’s [...]