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Korea Bizwire

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Lotte to launch snack subscription service

Lotte Confectionery Co will launch a snack subscription service dubbed “Monthly Snack,” the first of its kind in South Korea.

South Korean telcos developing unmanned stores

Major South Korean telcos are looking to launch unstaffed outlets as they try to provide business services without face-to-face contact amid the novel coronavirus pandemic.

Paris Baguette to launch in Canada

South Korean food-and-beverage company SPC Group says it will launch its bakery-cafe chain Paris Baguette into Canada next year.

Online book sales outstrip offline in Covid-19’s wake

With the coronavirus pandemic prompting the growing popularity of ‘untact consumption’, South Korea’s publishing industry is seeing online book sales outstrip offline sales. Kyobo Book Center, the No. 1 online and offline bookstore in South Korea, says that its book sales via mobile and web platforms this year comprised 33.4 per cent and 22.9 per cent, respectively, of total sales.

South Korean food-delivery app Yogiyo fined for exploiting market dominance

South Korea’s antitrust regulator has fined food-delivery app Yogiyo US$382,000 for exploiting its dominant position in the local market.

South Korea to introduce disposable cup deposits

South Korea is set to introduce disposable cup deposits at coffee shops and fast-food outlets, starting 2022, in its latest efforts to cut carbon emissions.

Sale week boost for South Korean retailers – but for how long?

South Korean retailers experienced a burst in consumption during the so-called ‘golden holiday’ spanning six days from the end of April to early May.

Noiseless digital product sales surge as consumers seek silence

Noiseless digital products are growing in popularity as more people are expressing frustration over noises caused by home appliances.

Seoul department store to host online fashion show to help small brands

Hyundai Department Store has held the industry’s first no-guest fashion show to help small and medium-sized fashion brands suffering from the pandemic.

Sales of Galaxy S20 underwhelm amid pandemic

Sales of Samsung Electronics’ latest flagship series Galaxy S20 are hovering below those of its predecessor as the global new coronavirus pandemic has led to a slump in demand for consumer products, industry sources say.

Take-out, delivery shelter hamburger chains from virus impact

South Korean hamburger franchises are showing better performances during the coronavirus crisis than most restaurants thanks to take-out and delivery.

Samsung beats first-quarter estimates, despite virus-driven retail slump

Samsung Electronics has delivered strong first-quarter earnings as robust demand for chips offset a slump in smartphone and home appliance sales.