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In 2027, the South Korean e-commerce market will surpass the $160 billion mark.
From 2023 to 2027, the e-commerce market in South Korea is anticipated to grow at a compound annual growth rate (CAGR) of 7.7 percent, reaching $160,4 billion.
According to GlobalData, the South Korean e-commerce market grew at a CAGR of 17.4% from 2018 to 2022, reaching $108.2 billion ...
The IKEA Story in Japan: A Look Back with Heart
Since opening its first shop in Japan in 2006, IKEA has become a household name there, with numerous locations and a steady stream of loyal consumers. The Japanese market was IKEA's second target after the country itself. The company first sold its wares in Japan in 1974, but by 1986, it had ...
The IKEA Story in Japan: A Look Back with Heart
With multiple outlets across the country and a steady stream of loyal consumers who have trusted the brand since 2006, IKEA has successfully established itself in Japan. But it took IKEA two tries before it was successful in Japan. The company first sold its wares in Japan in 1974, but by 1986, i...
Best German Retailers 2020: The Top 30
With a large and growing middle class, Germany has become Europe's second largest online consumer market. Revenue in the online retail sector is predicted to reach $82.155 billion US dollars in 2020, up 1% from 2019. In 2019, the online sales of electronics made up 16.7% of the market, with a...
Approximately 947 billion litres of ethanol are used for fuel and other purposes
In a written reply to a question in Lok Sabha, Union Minister of State for Consumer Affairs, Food, and Public Distribution Sadie Niranjan Jyoti stated that the country's current ethanol production capacity for Ethanol blending with gasoline and other applications is approximately 947crore lit...
Our evaluation of the Google Pixel 7 and Pixel 7 Pro: the Android phones Indian consumers deserve
Google's flagship Pixel smartphones are now available in India, a surprising decision. If you want the best Android phone or the best phone camera without breaking the bank, go no further than the Pixel 7 or the Pixel 7 Pro.
Google hasn't released any of its flagship Pixel phone...
Job Openings Remain Stable at 11 Million as Consumer Confidence Rises
According to the Labour Department they announced on Tuesday that there have been slightly more than 11 million vacant positions in July, which was essentially unchanged from June.
The report won't persuade decision-makers that the labor market is considerably cooling off as the Fed...
European consumer organisations express privacy worries over Google
The Google sign-up process is "misleading," claim the complaints.
Numerous European organisations have voiced concerns over Google's privacy settings, with the European Consumer Organization BEUC at the forefront of the criticisms. They contend that Google's terms and ...
Thai firms are being advised to focus on sustainability as consumer tastes shift
Thai entrepreneurs are being advised by IBM Thailand to adopt current sustainable business practices and apply them to propel their companies toward digital transformation.
The recommendation was based on the results of the company's most recent survey, which found that new generati...
Global Predictive Genetic Testing and Consumer Genomics Market Growth & Trends
The global
THE Tourism Authority of Thailand (TAT) is entering the third and most important phase of its partnership with the Thai Organic Consumer Association (TOCA), in which it will invest in the TOCA platform to transform it into a blockchain-based ecosystem that connects organic farmers, industry, and ...TOCA BLOCKCHAIN INVESTMENT TO BUILD AN ORGANIC TOURISM PLATFORM
MEPs to Change EU Rules for the Protection of children
On Thursday 9th December a report was unanimously approved by the Internal Market and Consumer Protection Committee of the Parliament with 44 votes in favor for the protection of children. The report said that although the Toy Safety Directive (TSD) Ensured the high level of safety of children, m...
$740 Million fund to develop low-emissions technology in Australia: Morrison
Prime Minister Scott Morrison has announced that Australia will be investing A$1 billion fund in companies to develop low-emissions technology. The country is currently seeking to attain net zero target by 2050 and also trying to cut down carbon emissions.
HIghlights
South Korean parliament passes Telecommunications Business Act
Highlights
- The parliament approves Telecommunications Business Act
- This model will keep cost of devices low for customers
On Tuesday, South Korea's parliament approved a bill, according to the bill major app store operators such ...
CITIBANK KOREA POSTPONES EXIT PLAN AGAIN
HIGHLIGHTS
- Citibank Korea has postponed its decision on exit plan for the second time.
- Citibank was earlier planning to stop its retail business operations in South Korea.
- Citibank apparently failed to agree on sales terms with potential bu...
CHINA’S CONSUMER INFLATION GREW STEADILY IN MAY
Highlights –
- China’s consumer inflation grew steadily in May.
- The consumer price index (CPI) rose 1.3 percent year on year in May.
- The average CPI in the first five months of the year went up 0.4 percent.
- Food prices ...
HUAWEI LAUNCHES OPERATING SYSTEM ‘HARMONYOS 2’ FOR SMARTPHONES
Highlights –
- Huawei launches operating system ‘HarmonyOS 2’ for smartphones.
- HarmonyOS is an open-source operating system designed for various devices and scenarios.
- With the launch of the new OS, it will no longer be whol...
JAPAN GOVT. DOWNGRADED ECONOMIC ASSESSMENT AS CONSUMPTION DAMPENS
Highlights –
- Japan govt. downgraded economic assessment as consumption dampens.
- The extended state of emergency over the coronavirus pandemic has led to the downgrade assessment.
- Private consumption in April has shown a weak ton...
JAPAN’S CPI DROPPED 0.1% IN APRIL OVER MOBILE PHONE FEES
Highlights –
- Japan’s CPI dropped 0.1% in April over mobile phone fees.
- Bank of Japan struggled to accelerate inflation toward its elusive 2 percent goal.
- In April, mobile phone fees tumbled 26.5 percent from a year earlier. ...
REPORT SAYS INDIAN FMCG INDUSTRY RECORDED 9.4 PERCENT GROWTH IN FY21 Q4
HIGHLIGHTS
- A report says that Indian FMCG Industry recorded 9.4% growth in FY21 Q4.
- Rural markets continued to build momentum.
In the last quarter (Q4) of FY21, India’s Fast Moving Consumer Goods (FMCG) industry recorded 9.4% g...
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