SEOUL, Nov. 18 (Korea Bizwire) — Sales of outdoor activity products are on the rise as more and more people are eschewing the ‘stuck at home’ lifestyle resulting from the coronavirus pandemic, announced Shinsegae Department Store, one of the nation’s leading retailers, on Wednesday. The retailer said sales of outdoor-related products increased by 10 percent [...]
SEOUL, Nov. 8 (Korea Bizwire) — South Korean retailers are increasingly turning to metaverse platforms for marketing. Metaverse, a combination of meta (meaning beyond) and verse (from universe), refers to a three-dimensional virtual shared world in which all activities can take place with the help of augmented- and virtual-reality services. BGF Retail Co., the operator [...]
SEOUL, Oct. 19 (Korea Bizwire) — Beset by curfews and fewer customers amid the coronavirus pandemic, the retail industry in South Korea is now pinning hopes on a business rebound, as the government is set to ease long-enforced strict restrictions under the “Living with COVID-19″ scheme set to be introduced next month. Department stores, supermarkets [...]
SEOUL, Oct. 8 (Korea Bizwire) — As the COVID-19 pandemic continues to drag on, retailers are replacing certain recruiting processes with online examinations. GS Retail Co. is carrying out an artificial intelligence (AI)-based competency test to recruit candidates who have passed the first screening. First introduced late last year, the examination combines an aptitude test [...]
SEOUL, Oct. 5 (Korea Bizwire) — With rising demand for Korean food among foreigners following the success of Netflix’s original Korean series “Squid Game”, retailers are scrambling to take action. Major online shopping mall Auction reported that between September 17 and 27, sales of marble kits (277 percent), dalgona kits (277 percent) and ttakji game [...]
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, July 20 (Korea Bizwire) — With the stock investment fever engulfing individual investors in South Korea, a string of large retailers have released stock-related products that are enjoying growing popularity. Convenience store chain CU is in talks with various securities firms to collaborate on a series of products. In February, the company joined hands [...]
SEOUL, July 9 (Korea Bizwire) — Retailers are speeding up competition to offer quicker delivery services as they go beyond next-day or same-day deliveries to offer one-hour delivery services. GS Retail Co. introduced a new ‘49-minute Thunder Delivery’ service available on the company’s exclusive mobile delivery app on June 22. Limited to areas in proximity [...]
SEOUL, June 29 (Korea Bizwire) — South Korea’s retail industry is preparing to deal with the upcoming summer heat. E-commerce grocer Market Kurly introduced new packaging this month that includes more ice packs and dry ice for refrigerated products. “We are using some 100 kinds of packaging methods to ensure that the food is delivered [...]
SEOUL, June 11 (Korea Bizwire) — South Korea’s major discount stores, convenience stores and e-commerce companies are making various attempts to shorten their delivery service time from one or a half day to as short as one to three hours or even 30 minutes. GS Retail Co., launched its ‘super-speed delivery’ service in January, using [...]