Analysts are lowering economic projections for South Korea following the spike of Covid-19 cases.…
South Korean food companies see massive sales growth
South Korean food companies scored massive sales growth in the wake of the COVID-19 pandemic, as the demands increased for products that can be consumed at home, in both domestic and overseas markets.…
Allbirds enters Korea
The San Francisco-based sustainable footwear brand Allbirds announced that it has launched in Korea.…
Korea’s economy rebounded in June
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…
Audi Korea aims for 40% of its sales to be eco-friendly
Audi Korea will launch more eco-friendly vehicles in Korea in the future, aiming to have nearly 40 percent of its sales dedicated to electric vehicles (EV) including hybrid and plug-in hybrid models b…
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.…