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Retail Sales Up 4.6 pct in June on Strong Online Demand

Retail Sales Up 4.6 pct in June on Strong Online Demand

SEOUL, July 30 (Korea Bizwire) — Retail sales in South Korea expanded 4.6 percent in June from a year earlier despite the new coronavirus pandemic as more people purchased groceries and home appliances through online platforms, data showed Thursday. The combined sales of 26 major offline and online retailers reached 11.14 trillion won (US$9.32 billion) [...]

Duty-free Sales Up for 2nd Month in June but Still Below Pre-pandemic Level

Duty-free Sales Up for 2nd Month in June but Still Below Pre-pandemic Level

SEOUL, July 27 (Korea Bizwire) — Duty-free sales rose for the second straight month in June, but their sales still remained half of pre-pandemic figures, industry data showed Monday. Combined sales at duty-free shops in South Korea reached 1.11 trillion won (US$923 million) in June, up 9.3 percent from a month earlier, according to the [...]