SEOUL, Oct. 31 (Korea Bizwire) – A recent study from the Seoul Institute indicated that although the city’s consumer sentiment improved slightly in the third quarter, the market’s expectations for economic recovery were further downgraded. In its report 2016 Q3 Seoul Public Economy Consumer Sentiment Diagnosis (issued October 30), the city’s consumer sentiment index (CSI) [...]
SEOUL, Oct. 5 (Korea Bizwire) – A nationwide shopping festival drove up sales at department stores and large discount stores in South Korea in the first five days after its launch on Sept. 29, mainly thanks to an influx of Chinese shoppers, data showed Wednesday. The massive shopping campaign called “Korea Sale Festa,” which kicked [...]
SEJONG, Oct. 4 (Korea Bizwire) – Online shopping in South Korea soared at the fastest clip in more than four years in August as the scorching heat in the summer encouraged more people to enjoy internet and mobile shopping, a government report showed Tuesday. Total online transactions reached 5.58 trillion won (US$5.01 billion) in August, [...]
SEOUL, Sept. 29 (Korea Bizwire) – South Korea kicked off a nationwide shopping event on Thursday with a variety of promotions, cultural and entertainment events to draw more shoppers at home and abroad and revive the sluggish domestic consumption. The massive shopping campaign called “Korea Sale Festa” runs until Oct. 9, involving major retailers, manufacturers [...]
SEJONG, Sept. 13 (Korea Bizwire) – More than 150 local retailers, fashion companies and cosmetics firms will participate in South Korea’s biggest shopping festival, “Korea Sale Festa,” slated for later this month, the trade ministry here said Tuesday. During the Sept. 29-Oct. 9 event, 153 companies will offer big discounts to shoppers and foreign visitors [...]
SEOUL, Sept. 12 (Korea Bizwire) – Traditional markets in Korea may have lost ground to the fancy shopping malls, supermarkets, and department stores that have popped up in every corner of major city districts, but they’re still among the most popular go-to spots for holidays like Chuseok (Korean Thanksgiving) and Lunar New Year. Koreans are [...]
SEOUL, Sept. 2 (Korea Bizwire) – Hulunbuir in Nei Menggu, China, is distinguished by what is the largest grassland in the country. The region is also known for having the fourth highest level of income nationally. With the latest Korean enterprise in the region, Hulunbuir will soon be marked by its Paradise Department Store, presenting products [...]
SEJONG, Sept. 1 (Korea Bizwire) – Online shopping sales in South Korea jumped 17.4 percent on-year to hit a record high in July on upbeat demand for leisure and tourism bookings and electronic devices, a government report showed Thursday. Total online transactions reached 5.56 trillion won (US$4.98 billion) in the seventh month of 2016, compared [...]
SEJONG, Aug. 31 (Korea Bizwire) – The opening ceremony of South Korea’s biggest shopping festival, “Korea Sale Festa,” will be held in Seoul next month, along with various concerts and exhibitions to draw more visitors and shoppers from overseas, the trade ministry said Wednesday. The event will take place on Yeongdong Daero (Boulevard) in southern [...]
SEOUL, Aug. 23 (Korea Bizwire) – Sales at South Korea’s duty-free stores reached an all-time high in July thanks to a rising influx of Chinese travelers and last year’s low base in the wake of the Middle East Respiratory Syndrome (MERS) outbreak, data showed Tuesday. Sales at duty-free stores nationwide reached US$954 million last month, [...]