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Recent Posts Tagged With 'business'
Economic Downturn Corks Wine Popularity
Koreans love wine. Not just ordinary or cheap wine BUT EXPENSIVE WINE. But now, bottles of fine "vino" are being marked down on everything-must-go sales.Why?The economic downturn is the main reason. Sales are declining because people tend to turn ...
Hypermarkets Out, Mom and Pops In
Are the once-almighty hypermarkets starting to fizzle out?Sales at the country's major discount outlets sunk last month by more than 20 percent on-year, according to a government report, Tuesday, and industry forecasts show that the local hypermart b...
Whitening products target consumers
Kim Ji-sun, 26, an office worker, rearranged her dressing table for the coming spring over the weekend.Putting aside the rich winter moisturizers, she replaced them with whitening skincare products and a sunscreen SPF 50/PA+++."Spring is the season f...
New Shinsegae Busan Faces Brush With Law
In the basement of Shinsegae Group's brand new multiplex mall in Busan, shoppers can find a complete variety of grocery, household and electronics goods, plus a full range of Shinsegae E-mart's private label products, all spread out across a huge spa...
Private English Education Cost Rises 12 Percent
Private English language education costs increased nearly 12 percent last year, leading the overall growth of private tutoring expenditure and calling into question the effectiveness of the Lee Myung-bak administration's education policy emphasizing ...
Retailers 'Exaggerate' Quality of In-House Brands
There was a reason why the toilet paper seemed so thin, the ham didn't taste porky enough and the milk was slightly bland. It turns out that the proud and praised in-house labels of local retailers have been delivering low quality, just like their lo...
Manila Forum Kicks Off
Curtains were raised for the Korea-Philippines Business Forum on February 18 with key Philippine government figures participating the meeting to express their strong will to broaden economic ties between Korea and the Philippines. President Gloria Ar...
Chanel’s Day of Disgrace or Power of Market?
It was unimaginable even few years ago that top French cosmetics brand Chanel could be replaced, especially by a Korean maker, but Lotte Department Store said it will be.The nation's No. 1 department store chain said it is ``highly possible'' that ei...
Consumption Priorities Differ Among Age Groups
Walking through the streets of trendy Myeongdong without making a single purchase is a challenge and torture for Sur Jong-sun, a 28-year-old fashionista who works for a local cosmetics firm. Whether it is a pair of new boots, a new cell phone cover o...
Online Malls to Beat Department Stores in Sales
Mouse-click checkouts are all the rage in South Korea, one of the most wired countries in the world. In 2009, online shopping malls are likely to exceed local stores in sales, according to a recent report.Internet shopping is expected to reach 21.2 t...
Retailer in Korea. The best selling day...it's different.
When is the best day to open a customer's wallet?Big holidays peak? Departments sales festival? Christmas? Or Valentine's? The answer is the difference by retail business condition. ◆ Department sales festival bring the customers to open their wal...
Seoul Character Fair 2008
The character business that brings added value.July, 2008. Coex in Seoul.As I entered, I saw the PUCCA booth.I think this is one of the biggest booths for this fair. A bag with an attached cat's head. These are German characters. Something sty...
Economic Research Institute Heads: “Korean Economy to Grow 2.2 Percent in 2009”
Domestic economic research institute heads forecasted the Korean economy to grow 2.2 percent in 2009 choosing the biggest obstacle to be faced by the Korean economy as “household and corporate bankruptcy and restructuring”.The monthly magazine re...
The World in 2008
Based on England's "Economist Article - The World This Year.'Island's Irish Times recomposed photos.We could call the "Digital-calligraphy" that is intensive this year.But absolutely their view.It is not a bad idea we make our "digital-calligraphy" a...
10 Hit Items This Year in Korea
Samsung Ecomonics Research announce 10 HIT ITEMS this year in Korea.Last year, the general trends were health and beauty items.But this year the consumption trends are...*Stress for living.*Uncertainty about the future.*Distrust for food and govermen...
Consumption Trends in Korea 2009 - BIG, CASH, COW
SNU Domestic Science Institute Consumption Trend Analysis Center.SNU says BIG, CASH, COW. These ten letters are the key words to make consumption trend in Korea 2009.Customers have depressional consumption that express ego and follow existence withi...
Four Retail Issues in Korea 2009
An after effect of a shrinking economy, the customer's practical purchasing and intention to goal purchasing will deepen.So for next year 2009, small supermarkets or convenience stores will have high growth than department stores or big discount shop...
Sports Marketing - the Samsung Case
If there are people, there is money even in the sports world that is always fair and square.Companies want to improve their brand power or products through sports marketing.There are many good things about sports marketing.But the most important thin...
Luxury Brands in Korean market (include Maison Hermes, Cartier)
When you walk around the streets in Korea.You can't miss the young lady who wears a Louis Vuitton or a Prada bag with Chanel cosmetics.Which luxury brand is the strongest in Korea?No.1 is Louis Vuitton. They sold $168M last year.Second is Gucci with ...
Korea's cosmetics advertising - Amorepacific 3/3
CLICK HERE TO SEE 1/3 CLICK HERE TO SEE 2/3In Korea, there are foreign companies of cosmetics.But some of that are not strong enough as i think except the luxury brands.Cosmetics companies in Korea expect next year's sales of the cosmetics market to...
Korea's cosmetics advertising - Amorepacific 2/3
CLICK HERE TO SEE 1/3 In Korea, there are foreign companies of cosmetics. But some of that are not strong enough as i think except the luxury brands. Cosmetics companies in Korea expect next year's sales of the cosmetics market to be around $6B. ...
Korea's Cosmetics Advertising - Amorepacific 1/3
In Korea, there are foreign companies of cosmetics. But some of that are not strong enough as i think except the luxury brands. Cosmetics companies in Korea expect next year's sales of the cosmetics market to be around $6B. And last year, Korea im...
Advertising Slogans of Global Brands
Advertising Slogans of the Business WeekInterbrand Top 100 Global Brands1. COCA-COLA Life tastes good.2. MICROSOFT Where do you want to go today?3. IBM And that's when it hits you. You're ready for IBM.4. GE We bring good things to life.5. NO...
Top 5 IT issues in Korea
I always try to adopt new knowledge and technology in my field.Today, IT is very powerful to cover other businesses. Even retail.This year in Korea, IT has severe change.Personally, I want to show below the top 5 issues.1. Become smart phone time.Th...
Point Of Purchase (POP) Advertisement
Nowadays, one of the most important marketing technique is in retail.Let us take a look.1. POP advertisement is doing it near a retailer.POP advertisement is the last station of a series of marketing techniques in a distribution revolution period.Ma...
Four Variables That Can Move People
The most important thing is people.It is useless if people do not come to buy. How much time do we spend in preparing good items and efficient service?It is not enough to buy once.We have to make people come to our store regularly.Introduce me to pe...
Consumer Trend in South Korea
From the USA's disaster, the whole world's economy is going to freeze.How about the customer?I always try to see the good about the korean market like occupational disease.Even now that I am teaching English here.Korean customers are so diverse and e...
One Still Image Is More Effective Than A Lot of Words
As I have mentioned before, I was in the retail business. I was a brand manager for 12 years.And I will always look for ways to get back to the retail job again.I believe that small creative ways can change the whole company.It is really amazing! Hut...
