Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
South Korean prosecutors will file charges on Wednesday against Lotte Group’s chairman, Shin Dong-bin, father and brother alleging they committed offences such as embezzlement and breach of trust worth hundreds of millions of dollars at the family-owned…
Lotte Department Store has signed on to a joint venture with Citic Group, a state-owned Chinese company, to operate a shopping mall in Shanghai and to build three more in the region between 2017 and 2019, the Korean company announced Monday. The joint venture…
The ASEAN region (The Association of Southeast Asian Nations) is emerging as one of the most promising e-commerce markets in the world to replace the saturated Chinese market. Following the establishment of the ASEAN Economic Community (AEC) at the end of…
Korean cafe chain Mangosix has opened its first branch in Japan, in Don Quijote Miyakojima store in Nishisato, Hirara, in Okinawa. With mango juice as its main product, Mangosix opened its first store in 2011 and now has about 230 outlets in Asia, Europe and…
China was the biggest buyer of Korean beauty products last year, grabbing almost half of the country’s cosmetics exports, according to Korea Health Industry Development Institute data. Chinese buyers accounted for 41.1 per cent of South Korea’s cosmetics…
Celestial Tiger Entertainment (CTE) has launched its flagship Chinese movie channel, Celestial Movies, on SK Broadband – a major pay TV platform in South Korea with over 3.8 million subscribers. The channel is now available on SK Broadband’s linear service “B…
Tesla Motors is preparing to open a second showroom in Korea in Gangnam, southern Seoul. Its first will open in the Starfield Hanam shopping mall in Gyeonggi in less than two months. A lease on three floors of a five-story building in Cheongdam-dong, 131-11,…
Around 15 convenience stores were opened in South Korea every day on average last year. And the Korea convenience store boom is worrying a ruling lawmaker, who has urged the nation’s fair trade watchdog to seek measures to avoid excessive competition in the…
Hyundai Motor reached a tentative wage pact with its South Korean labor union on Wednesday after the worst strikes in the automaker’s history disrupted output at its domestic production base. The agreement is subject to a vote by almost 50,000 union members…
Tokyo-based craft products retailer DigitalStudio has launched Discovery Japan Mall, a cross-border eCommerce venture. Specialising in Japanese brands, the mall’s initial catalogue includes mainly toys, fishing gear, cosmetics, food, watches and fashion.…
Internet celebrities in China, known as “Wang Hong” there, have been in the limelight among Korea’s cosmetics and retail industry officials, amid a chilly relationship between the two countries. Bilateral relations have soured since Korea decided to deploy…
South Korea’s largest retailer, GS Retail, opened its first supermarket in Cibubur, East Jakarta, on Friday (07/10) in partnership with Indonesian property developer Sinar Mas Land, to target the country’s upper-middle class. “We decided to choose Legenda…
The Citilink airline company will soon serve flights from Hang Nadim International Airport here to China and South Korea, according to the airports general manager, Suwarso. “Two international flights from Batam to China and South Korea have been approved and…
South Korea’s Ministry of Science, ICT and Future Planning will host next year’s ITU Telecom World conference in the city of Busan. The event will take place on September 25-28. It will include an international exhibition designed to showcase new technologies…
South Korea continued to have the highest average connection speed in the world at 27 Mbps while Singapore maintained its position as the country with the highest average peak connection speed at 157.3 Mbps. These were among the findings of the Akamai…
Korean retail giants Lotte and Shinsegae are competing to improve employment conditions for women. The two companies are pushing forward with efforts to provide more opportunities for women to move up in their corporate hierarchies and implementing…
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