Published Date : Nov 03, 2015
Hundreds of global retail companies gathered in Seoul to be a part of the 2015 Korea Consumer Goods Showcase. The consumer goods fair started off on Tuesday, where major and minor quality consumer goods retailers come together to look for new business avenues and to learn new ways to get better at their business. Retail companies often find new business opportunities in the showcase, according to the South Korea trade ministry.
The 2015 Korea Consumer Goods Showcase was inaugurated on Tuesday and brought together companies such as Amazon.com and JD.com Inc., which is the second largest online retail service in China. Other companies include Rakuten Inc. from Japan, Lowe’s Companies, Inc., from the U.S., Yves Rocher from France, and hundreds of other shopping mall operators as well as online retailers. The fair is held by the South Korea Ministry of Trade, Industry and Energy.
The list of companies attending the 2015 Korea Consumer Goods Showcase included almost 500 manufacturers from South Korea, from diverse sectors such as home decorations, food, fashion, personal care products, beauty products, and home appliances. They all gathered at the venue to grab the attention of potential buyers.
According to the South Korean ministry officials, the Korea Consumer Goods Showcase was created to encourage exporters in South Korea to rise against the falling global demand for Korean exports and consequently make use of the free trade deals with larger markets, including China and Japan.
A trade ministry official said that the nation has to evolve the nation’s exports structure. Currently, it depends on intermediate goods and consumer goods. The ministry expects the consumer goods fair to evolve into a business fair of global standards