• Boycott of Japanese products rumbles on in S. Korea, 7 months after Tokyo imposed export curbs
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    Boycott of Japanese products rumbles on in S. Korea, 7 months after Tokyo imposed export curbs

    now despite seven months passing since Tokyo first imposed trade curbs against Seoul the boycott of Japanese products rumbles on here in South Korea according to data from the Korea Customs Service the amount of consumer goods imported from Japan stood at just one hundred ninety million dollars last month a 36 percent drop on year imports of Japanese beer plummeted 98 percent on-year which was a 45 percent drop from the previous month imports of Japanese vehicles also dropped by nearly 70 percent on-year

  • S. Korea’s Samsung Electronics wins contract to manufacture 5G chips for Qualcomm
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    S. Korea’s Samsung Electronics wins contract to manufacture 5G chips for Qualcomm

    south korean chip maker Samsung Electronics will be producing a new column of 5g chips utilizing its most advanced chip making technology now the new deal is expected to boost Samsung’s market share against one of its biggest regional arrivals our Kim Hyun with more Samsung Electronics has won a contract to manufacture new 5g chips for quantum setting multiple sources Reuters reports that the South Korean tech giant will make some of call cups X 60 modem chips that connects smartphones to 5g wireless data networks the X 60 will be fabricated using Samsung’s new 5 nanometer process which can make chips smaller and more power efficient than previous…

  • Transactions of online, mobile shopping reaches US$ 9 bil. in Oct.
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    Transactions of online, mobile shopping reaches US$ 9 bil. in Oct.

    The amount of online and mobile shopping transactions hit record highs in October surpassing the nine-billion U.S. dollar mark for the first time. A trend driven mainly by the development of digital payment systems… and more working days compared to the same period last year. Kim Ji-yeon breaks down the digits for us. Data released by Statistics Korea on Wednesday show the amount of online and mobile shopping transactions increased by 36-percent on year in October to register more than nine-billion U.S. dollars. Purchases in food and beverages rose the most by nearly 50-percent,… followed by cosmetics, winter apparel, electronics, and home appliances. The statistics agency attributed the surge of…

  • Total value of online shopping in March hits record-high
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    Total value of online shopping in March hits record-high

    The total value of online shopping in Korea has hit an all-time high, mainly on increased sales of electronics and home appliances, as well as food and beverages. Our Seo Eun-kyung has the details. The total value of online shopping in South Korea edged up to a new record high in March, reflecting the growing trend of people choosing to buy online. According to data released by Statistics Korea for March, South Koreans bought goods worth about 9-point-6 billion U.S dollars. That’s up 18-point-6 percent on-year and renews the all-time record high previously set in December. It was mainly driven by the rising demand for electronics and home appliances… According…

  • Mobile shopping takes up to 61.8% of online shopping
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    Mobile shopping takes up to 61.8% of online shopping

    These days almost everybody buys at least some stuff online. But now, data show most online shopping isn’t even done on a computer but on mobile devices. Some of the biggest gains in Korea have been seen in food delivery. People in other countries too are using their mobiles to buy Korean products. Hong Yoo has this report. Mobile shopping is now the most actively form of online shopping. Purchases made using the internet and mobile devices such as smartphones and tablet PCs represented 61.8% of all online shopping for the second quarter of 2018. That is the highest number ever since the government has begun collecting data of online…

  • Lotte Duty Free holding onto no. 3 spot in global travel retail
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    Lotte Duty Free holding onto no. 3 spot in global travel retail

    When it comes to retail sales in the travel sector, the world’s number three spot goes to Lotte Duty Free… for the second year in a row. According to the Moodie Davitt report from the UK,… Lotte’s sales last year… came behind those of Switzerland’s Dufry… and the Hong Kong-based D-F-S Group. And while it was able to stay ahead of France’s L-S Travel Retail,… it was a much closer call than the year before… with a difference of 22 million dollars. Lotte’s goal of achieving the top spot by the year 2020… is looking more remote,… not only because it lost its license to operate its World Tower location…

  • Most Koreans would give up daily indulgences in lieu of mobile internet use: stu
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    Most Koreans would give up daily indulgences in lieu of mobile internet use: stu

    Would you give up chocolate in lieu of surfing the internet on your mobile device? Nearly eight out of 10 Koreans say they would. A recent study says 77 percent of Koreans could live without reading the newspaper and around 60 percent without books…. instead of going online. Fast food, alcohol and coffee are indulgences many respondents felt less attached to than the internet. A third of respondents even said they′d give up cars and sex. With more applications, content and financial technology services, the mobile internet is expected to be an even more pervasive part of modern life.

  • Articles

    Korean companies boost online shopping services to attract new customers abroad

    A record number of Koreans bought products from foreign online shopping malls last year,… but now the tide is turning the other way. It’s a growing number of foreigners that are now flocking to Korean websites to do their shopping. Connie Kim has more the efforts being made by Korean companies to increase their customer base abroad. Vietnamese exchange student Lan Anh spends a lot of time shopping online for Korean products, from cosmetics and clothing to music, and being in Korea makes it relatively easy for her to place orders. But it’s also getting easier for those who aren’t in the country… to buy directly from Korean websites. “My…

  • Lotte Group founder Shin Kyuk-ho dies at 97
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    Lotte Group founder Shin Kyuk-ho dies at 97

    low tariffs founder shinga coke passed away on Sunday at the age of 97 his life was filled with ups and downs but there’s no doubt that he played a huge role in helping to develop the Korean economy following the Korean War and for more on this story our kingdom e is sessions public funeral service Tommy tell us more about the late businessman to you and I’m here at a memorial altar at Osan Medical Center in Surrey where visitors are filtering in to pay their respects for the man’s son Paul the CEO of the Korea Strait the sea passage between South Korea and Japan as you…

  • S. Korean consumers turn to refurbished items amid economic downturn
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    S. Korean consumers turn to refurbished items amid economic downturn

    amid the economic gloom local consumers are turning to the so-called refurbishment stores with hopes of doing some cost-effectiveness shopping our Tucson Mint reports the sofa she’s sitting on is a refurbished piece she was recently lucky enough to get her hands on originally retailing for around two thousand US dollars she got it for less than half that I went to my sister’s place and compared her new sofa to mine and there was literally no difference also it’s cheaper and was delivered quickly refurbished products have been disassembled cleaned fixed packaged and put back out on the shelves no performance flaws could be found in these goods but…