Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Korean department stores have become the new battleground for Korean restaurant chains. Restaurants have long been a lucrative business for department store operators – accommodating hundreds of weary shoppers every day, they have sometimes been referred to…
An unlikely new player has reportedly entered into the video streaming business, according to reports – North Korean state broadcaster KCTV. BBC News notes that the broadcaster’s new set-top-box, Manbang, has been called North Korea’s version of Netflix in…
Discount seller E-mart Korea has signed an agreement to supply its private-label items to Metro China. It is introducing four items from its No Brand range, to be sold from next month. It is the first time for E-mart to export to an overseas offline store.…
South Korean fashion brands are featuring in an online pop-up store on regional sites of online fashion portal Zalora. It’s all part of a concerted bid to expand recognition of Korean fashion bards across the broader Asia-Pacific region. Launched in…
Department store Parkson Retail Asia has managed a turnaround with profit before tax (PBT) of S$35 million (US$25.8 million) for the year ended June 30, compared to a pre-tax loss of $40.6 million the previous year. Profit was boosted by gain from a partial…
Samsung Electronics’ Galaxy Note 7, which was launched Friday globally, is the most expensive in Europe and cheapest in South Korea, according to the tech firms’ online stores Friday. The new phablet costs around 1.06 million won ($948) in Germany, 1.07…
Tesla Motors has begun taking online reservations in Korea for its electric cars, Model S, Model X, and Model 3, the company said Friday. With a deposit of 2 million won ($1,800) for the Model S, 5 million won for Model X and 1 million won for model 3,…
Nissan Motor wants to increase the output of its Rogue model at Renault’s factory in South Korea this year, as a stronger yen makes exports from Japan less competitive, a Renault executive told Reuters. The yen has jumped 20 percent against the dollar this…
7-Eleven Inc., the largest convenience retail chain in the world, keeps getting bigger with the opening of its 60,000th global store. The Irving-based company traces its roots to the 1927 opening of Southland Ice Co. in Oak Cliff, Texas. In 1946, with stores…
Leading Korean accessories chain Naughty Cat has opened its first Vietnam store on Nguyen Hue St in the city centre. Naughty Cat Vietnam is located at 47 Nguyen Hue street, D1. The store hopes to cash in on the crowded ‘walking street’ as well as the growing…
An increasing number of convenience stores, similar to those in South Korea, have been appearing in North Korea, especially in the border areas with China, a U.S.-based media report said Tuesday. Citing a Chinese source who frequently visits the North for…
A prolonged heat wave in South Korea is boosting sales of local retailers, cafes, hotels and theaters as people flock to those air-conditioned places to get relief, industry sources said Tuesday. The entire country has been hit by the scorching weather for…
South Korea’s major e-commerce site, Ticket Monster on Monday said it has started sales of British luxury car brand Jaguar. Ticket Monster put on sales of 20 Jaguar XE Portfolios and R-Sports on Monday morning, marking them down 7 million won (US$6,317) from…
Last week the Korean government announced plan to impose duty free limits to stop third party sales of cosmetics in China, and now, in an unrelated move, the China government’s threats to retaliate over Korea’s deployment of new military defence technology…
Fashion apparel brand Lacoste Korea has renovated its boutique unit inside the Shilla Jeju Duty Free store, showcasing its “standard premium” concept. The retail space is on the fourth floor of the store on Jeju Island, close to Jeju International Airport.…
The leading retailers in Korea are seeking to cash in on the global popularity of hallyu by sealing strategic tie-ups with entertainment companies to sell exclusive merchandise. Products bearing the images of popular K-pop artists and actors have largely been…
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