South Korea
South Korea StatisticsConsumer Lifestyles in South KoreaSouth Korea Country Briefings
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 ...
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 ...
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 ...
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....
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 ...
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, ...
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 ...
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 ...
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 ...
Country Report
Analgesics in South Korea
Nov 2018
While sales during the flu season and emergency-use purchases remain the main revenue sources for analgesics, environmental issues influence the demand for analgesics. With air pollution becoming more severe and extremely cold winters, frequent ...
Country Report
Cough, Cold and Allergy (Hay Fever) Remedies in South Korea
Nov 2018
Air pollution is worsening year-on-year, which favours the use of cough, cold and allergy (hay fever) remedies. Fine dust warnings used to be sounded mostly in spring, but this has become an all-year-round problem. Nasal sprays recorded the highest ...
Country Report
Dermatologicals in South Korea
Nov 2018
Consumers’ preferences tend to impact dermatologicals more than other consumer health products. For instance, consumers do not believe that Fucidin Ointment and Madecassol Ointment topical germicidals/antiseptics have significant differences in terms...
Country Report
Dietary Supplements in South Korea
Nov 2018
Dietary supplements in South Korea is still developing in terms of product type and variety. International brands offer a wide range of products and benefits, but most domestic brands focus on a few popular types, such as probiotic supplements and ...
Country Report
Digestive Remedies in South Korea
Nov 2018
Although the retail value share of herbal/traditional products in digestive remedies dropped gradually over the review period, it maintained a strong presence and share. Many older consumers, for example, rely on traditional remedies when it comes to...
Country Report
Eye Care in South Korea
Nov 2018
Standard eye care posted strong retail current value sales growth through the forecast period due to severe air pollution and high usage of contact lenses. According to the Ministry of Environment, fine dust warnings were issued on 57 days in 2017. A...
Country Report
Herbal/Traditional Products in South Korea
Nov 2018
Both OTC and vitamins and dietary supplements in South Korea already offer various product types in the herbal/traditional format. The demand for natural alternatives and the desire to avoid unnecessary chemical ingredients are pushing sales of ...
Country Report
NRT Smoking Cessation Aids in South Korea
Nov 2018
There is no coercive regulation on limiting smoking itself. However, avoiding second-hand smoke is one of the main public health initiatives and an ongoing issue. In 2015, the government banned smoking in all restaurants, bars and cafés, regardless ...
Country Report
Consumer Health in South Korea
Nov 2018
Consumer health has been a manufacturer-led industry in South Korea. Manufacturers developed new products, supported by marketing, to stimulate new sales. However, as consumers become more sophisticated their demands are starting to gain importance ...
Country Report
Paediatric Consumer Health in South Korea
Nov 2018
Paediatric consumer health continues to be affected by sales derived through doctors and medical clinics. Parents feel safer visiting a doctor or medical clinic when their child has a fever, rather than self-medicate with OTC products. However, ...
Country Report
Sleep Aids in South Korea
Nov 2018
Herbal/traditional sleep aids continued to dominate demand in South Korea in 2018. In terms of format, tonics and chewable options were preferred. The reason for the high preference for herbal/traditional products is due to a widespread reluctance to...
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