SEOUL, July 1 (Korea Bizwire) – ‘Kidult’ is a newly-coined term that combines ‘kid’ and ‘adult’, used to refer to adults that pursue memories of their childhood, and the kidult market has established itself as a niche culture in Korea in recent years. A recent auction event for collectible toys organized by Seoul Auction was [...]
SEOUL, May 3 (Korea Bizwire) — Phthalate plasticizer, which can hinder human endocrine systems, has been discovered in toy electric vehicles for children. The Korea Consumer Agency (KCA) conducted an investigation into 12 different models of electric vehicles in the market, and found standard-exceeding levels of phthalate plasticizer in four of them. The four models were [...]
SEOUL, Oct. 16 (Korea Bizwire) – As most people tend to have one or two children and concentrate their resources on them, the infant clothing industry is seeing revenue growth from ancillary products like dolls, bags and toys rather than clothing. Accessories for infants are said to be effective in opening the wallets of aunts, [...]
SEOUL, Oct. 15 (Korea Bizwire) - The amount of toy imports in South Korea rose to a record level in the first eight months of this year on robust demand for character robots, government data showed Thursday. The inbound shipment of kids’ toys reached a record US$444 million in the January-August period, up 6.6 percent from [...]
SEOUL, Korea, Mar 21 (Korea Bizwire) — Domestic prices of imported toys for toddlers and children are much higher than those charged outside Korea, nearly by twice in some cases. Such price differential is way too extreme even when all the tariff duties on imported toys (0-8%), value-added taxes (10%) and distributors’ margins, which usually [...]