According to the Statistics Korea report, industrial output, consumer spending and corporate investment in June significantly improved.…
Uniqlo to close nine stores in Korea
Japanese fashion retailer Uniqlo said it will close nine of its stores in South Korea next month amid a sharp fall in sales stemming from the new coronavirus outbreak and a trade dispute between Seoul…
Laox to close half of its stores in Japan
Duty-free store operator Laox will close half of its locations in Japan, the company said, seeing no recovery on the horizon from a plunge in Chinese, South Korean and other Asian tourists.…
Korea’s hallyu tourists spent US$1,007 on average in 2019
Foreigners who traveled to South Korea last year to consume K-pop goods and content were estimated to have spent $1,007 on average, according to a report.…
Koreans boycotting Japanese products bring beer numbers down
South Korean import of beer fell for the first time last year in a decade, largely on a nationwide boycott of Japanese products amid a year-long trade dispute.…
Furniture sales in Korea rise
With more people studying, working and eating at home because of the Covid-19 outbreak, furniture companies in Korea are doing well.…
Is COVID-19 going to change company policies forever?
Three quarters of Korean conglomerates have introduced flexible working hours during the Covid-19 pandemic, and half of them plan to make the change permanent.…
South Korea to boost digital transformation for retailers
South Korea said it will remove unnecessary regulations to help local retail companies to utilize more high-end technologies and keep up with soaring demand for delivery services amid the new coronavi…
Which age group is the biggest online spender in Korea?
Koreans in their 50s are emerging as potential big online spenders as they were found to have spent the largest amount on average per transaction during the first three months of the year.…
Number of tourists remains low in South Korea
Korea received 6,111 tourists in May, huge decrease from 1.23 million a year ago, according to the Korea Tourism Organization (KTO) on Monday.…