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South Korea’s major department store chains saw their sales move up 2.4 percent in the first quarter from a year earlier, government data showed Sunday, indicating a recovery may be under way in the retail sector. According to the data compiled by the…
South Korea will hold a nationwide shopping festival involving major retailers, manufacturers and traditional markets in the fall to draw foreign travelers and jack up lackluster domestic consumption, the government said Tuesday. The Ministry of Trade,…
South Korea is trying to stem a drop in retail spending by replicating an American shopping tradition — Black Friday. More than 34,000 stores, including three-quarters of the country’s department stores, slashed prices by as much as 80 percent in the Korean…
South Korea’s retail and tourism industries are preparing a slew of promotional and cultural events to woo back Chinese tourists during a long-haul holiday season, pinning their hopes on making up for a summer slump in the wake of a viral respiratory illness,…
South Korean retailers are breathing a sigh of relief as consumers return to stores in the wake of the MERS scare receding. South Korea retail sales rose 0.5 per cent in July to 30.14 trillion won (US$25.6 billion) after receding 0.6 per cent in June.…
In a bid to revitalise the national tourist market and domestic economy, withering in the wake of the Middle East Respiratory Syndrome (MERS) outbreak, Korea will go on sale. Branded the ‘Korea Grand Sale’, the 10 week long promotion will run from August 14…
Korean retail sales are returning to normal as the impact of the MERS outbreak fades. Data released by South Korea’s finance ministry shows combined sales at department stores run by Hyundai Department Store, Lotte Shopping and Shinsegae Co rose 0.9 per cent…
South Korea retail sales slipped in June – a predictable result of the outbreak of Middle East Respiratory Syndrome (Mers). As South Korea’s shunned larger retail outlets to reduce the risk of potential exposure to the illness, discretionary spending fell.…
The ripple effect of the Middle East respiratory syndrome (MERS) is spreading throughout Korea’s retail industry, including department stores, discount stores, restaurants, and cosmetic shops. Amid rising concerns about possible infection by the MERS virus,…
South Koreans are more and more turning to on-line channels for grocery purchasing as they eschew their traditional visits to grocers amid the continued unfold of Center East Respiratory Syndrome (MERS), business knowledge exhibits. South Korea has reported…
