South Korea

Market research on consumer products, commercial industries, demographics trends and consumer lifestyles in South Korea.

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    Australasia: Regional Profile

    Dec 2018

    Real GDP growth in New Zealand and Australia will be healthy in 2018. Unemployment fell in both New Zealand and Australia in 2017 and it will decrease again in 2018. Much of the region's past growth was due to China's voracious demand for ...

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    Strategy Briefing

    Strategy Briefing

    Manufacturing Industries Most Ready to Expand B2B E-Commerce

    Dec 2018

    Although the growth of B2B e-commerce is expected to accelerate over the coming years, not all industries are equally suitable and prepared for embracing digital selling. The manufacturers most ready to launch their digital selling activities include...

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    Country Report

    Country Report

    Packaged Food in South Korea

    Dec 2018

    Packaged food posted marginal growth in 2018, with cooking ingredients, ready meals and staple foods seeing a rise in sales, but snacks and dairy product areas continuing to struggle. For snacking and drinking, consumers tend to prefer going out, ...

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    Country Profile

    Country Profile

    Asia Pacific: Regional Profile

    Dec 2018

    Driven by China and India, Asia’s developing economies saw healthy rates of growth in 2017. Japan’s economic prospects are less favourable however. Too many of Asia’s economies are excessively dependent on exports and large inflows of foreign ...

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    Strategy Briefing

    Strategy Briefing

    Economies in 2019

    Dec 2018

    Euromonitor International predicts that the global economy will slow in 2019 with annual growth of 3.6% in real terms. We offer key insights from economy, finance and trade; cities; business dynamics; industrial; and natural resources perspectives. ...

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    Strategy Briefing

    Strategy Briefing

    Metal Products in Asia Pacific

    Dec 2018

    Asia Pacific remains the world’s largest metal producer, led by booming Chinese industry. Growing global demand for and prices of iron, steel, precious and non-ferrous metals plays a significant role in the region’s industrial growth. China, Japan, ...

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    Strategy Briefing

    Strategy Briefing

    Top 10 Energy-Producing Countries in 2030

    Dec 2018

    The energy sector is the key provider for many integral sectors in every economy, such as chemical products, utilities, transport, metal products manufacturing, etc. Over the 2017-2030 period, the energy industry is expected to experience stable ...

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    Country Report

    Country Report

    Baked Goods in South Korea

    Dec 2018

    In baked goods overall, artisanal bread, cake and pastries continue to show strong performance. In addition to dessert cafés and unpackaged baked goods distributed at specialist coffee shops, small bakery specialists have expanded rapidly. In ...

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    Country Report

    Country Report

    Breakfast Cereals in South Korea

    Dec 2018

    Granola shows the strongest value growth underpinned by the health and wellness trend in cereals. Previously, cereals were considered a convenient food and some brands are strongly favoured as weight management foods by female consumers. However, ...

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    Country Report

    Country Report

    Processed Fruit and Vegetables in South Korea

    Dec 2018

    Shelf stable beans includes baked beans, processed green peas and sweet red beans etc. Korean consumers are now more familiar with baked beans when enjoying brunch or English breakfast at cafés and restaurants. However, the number of consumers who ...

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    Country Report

    Country Report

    Processed Meat and Seafood in South Korea

    Dec 2018

    Under the popular HMR (home meal replacement) trend in South Korea, convenient processed meat and seafood requiring only heating in a microwave drives healthy growth of processed meat and seafood overall. For example, frozen processed red meat was ...

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    Country Report

    Country Report

    Rice, Pasta and Noodles in South Korea

    Dec 2018

    The main staple food in South Korea, rice consumption has changed as more consumers opt for instant rice rather than cooking rice at home. Over the last decade, value sales of rice declined until 2018, however, health and wellness rice such as ...

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    Consumer Lifestyle

    Consumer Lifestyle

    Consumer Lifestyles in South Korea

    Nov 2018

    Economic expansion and income growth have positively impacted consumer confidence and driven expenditure in various discretionary spending categories; while the national love for technology has fuelled growth in areas from digital media consumption ...

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    Country Report

    Country Report

    Charge Cards in South Korea

    Nov 2018

    There are no charge cards in South Korea. They are not expected to appear over the forecast period....

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    Country Report

    Country Report

    Credit Cards in South Korea

    Nov 2018

    Mobile payment both online and offline is increasing significantly in South Korea, as consumers can easily make payments with their mobile payment platforms through most online shopping sites. In addition, mobile proxy payment terminals are also ...

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    Country Report

    Country Report

    Debit Cards in South Korea

    Nov 2018

    Due to government legislation to encourage debit card usage in response to increasing household debt, debit cards continues to record stronger growth than that of credit cards. The South Korean government offers higher tax benefits for debit cards, ...

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    Country Report

    Country Report

    Financial Cards and Payments in South Korea

    Nov 2018

    Financial cards transactions overall continue to post healthy growth in South Korea as it increasingly becomes a cashless society. This is being driven by the government continuing to encourage South Korean consumers to use financial cards rather ...

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    Country Report

    Country Report

    Pre-Paid Cards in South Korea

    Nov 2018

    Traditional open-loop prepaid cards issued by credit card companies such as Lotte and BC are losing their competitiveness in South Korea as they do not have the range of benefits offered by other financial cards. In addition, these cards are mostly ...

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    Country Report

    Country Report

    Store Cards in South Korea

    Nov 2018

    As department store value sales have lost their growth driver, store card companies are focusing more on affluent consumers. Whilst the retailing channel is shifting quickly from offline to online in South Korea and store cards can also be used ...

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    Country Report

    Country Report

    Edible Oils in South Korea

    Nov 2018

    Overall, consumers in Korea are cooking at home less. Along with the availability of home meal replacement (HMR) products, including ready meals, processed meat and prepared sauces for convenience, consumers are rapidly shifting to purchasing ...

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