SEOUL, July 25 (Korea Bizwire) – South Korean tech giant LG Electronics is making significant strides in its subscription-based appliance business and B2B sector, signaling a shift in its long-term strategy. In a conference call on July 25 to discuss second-quarter results, company executives outlined the progress and future plans for these key growth areas. [...]
SEOUL, June 19 (Korea Bizwire) — Subscription services that allow users to regularly receive food and alcohol deliveries are gaining popularity. When it comes to agricultural produce, subscription services offer a variety of items, including seasonal fruits, snacks and “makgeolli,” a traditional Korean grain-based alcoholic drink. Nonghyup Economic Holding Co. reported that, within just one [...]
SEOUL, July 8 (Korea Bizwire) — A shrinking ice cream market caused by a low birthrate and the rise of alternative products is leading ice cream companies to tap into YouTube ads and subscription services to boost revenues. South Korea’s ice cream market shrank from 1.68 trillion won (US$1.47 billion) in 2018 to 1.53 trillion [...]
SEOUL, Aug. 18 (Korea Bizwire) — A recent survey has revealed that almost 6 in 10 Korean consumers are taking delivery of food on a regular basis through a food subscription service. According to an online survey conducted by the state-run Korea Agro-Fisheries & Food Trade Corp. of 1,375 local consumers, 57.2 percent of the [...]