SEOUL, March 23 (Korea Bizwire) — As the home appliance subscription market continues to expand in South Korea, Samsung Electronics is seeing remarkable growth in its subscription business, generating more than 200 billion won (approximately $138 million at an exchange rate of 1,450 won to the dollar) in revenue during the first two months of this [...]
SEOUL, July 7 (Korea Bizwire) – Tous Les Jours, a South Korean bakery franchise, announced on Monday it will launch a monthly subscription service for its popular products, an industry first. The bakery is owned by CJ Foodville, a subsidiary of CJ Group. As part of the monthly subscription service, a customer can enjoy a [...]
SEOUL, Feb. 8 (Korea Bizwire) — Subscription businesses first arose in the United States in the early 2010s after the global financial crisis. The subscription economy, referring to business models though which specific goods or services are provided on a regular basis for a monthly payment, is growing rapidly, more than tripling over the past [...]