South Korea’s wine imports rose more than 9 percent in the first eight months of the year as more people enjoyed drinking at home and alone due to the coronavirus outbreak, data showed.…
South Korea restricts operations of restaurants and cafes in Seoul
Korean government announced stricter social distancing measures on 28th August to ban food and drink consumption inside of cafes and restaurants in the Seoul metropolitan areas in efforts to curb the …
How did South Korea’s retail industry do in July?
Retail sales in South Korea advanced 4.4 percent in July from a year earlier as online platforms have enjoyed a spike in demand for groceries and home appliances amid the coronavirus pandemic, data sh…
Ikea Korea’s sales grew by 30%
Ikea Korea said it saw sales growing by over 30 percent in the fiscal year of 2020 following increased interest in home furnishing amid COVID-19.…
South Korea’s instant noodle market records high sales
The instant noodle market in South Korea recorded all-time high sales of US$952.2 million in the first half of this year, largely affected by the COVID-19 pandemic, data showed.…
South Korean airlines may face financial crisis
South Korea’s domestic airlines are facing increasing concerns that the airline industry’s financial crisis could worsen as the second wave of COVID-19 infections spreads quickly around So…
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…
Retail sales in Korea increased by 2 percent in May
Retail sales in South Korea increased 2 percent in May from a year earlier as people purchased more sanitary items and food through online platforms in the face of the new coronavirus pandemic, data s…
Korean retail industry sees sales boost from nationwide promotional event
The retail industry is seeing sales recovery, owing to the ongoing nationwide discount promotional event in South Korea to revitalize the domestic economy, which has been suffering dampened consumer s…
Facebook Shops increased competition in Korean e-commerce market
Facebook has entered South Korea’s crowded online landscape to vie for a share in the booming e-commerce market dominated by local names.…