Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Irish frozen yogurt franchise Yogorino Korea has opened its first store in collaboration with a local partner. Korean rapper Zico helped draw a crowd for the inauguration of the Yogorino store in Seogyo-dong, south-west of Seoul and home of Hongik University.…
Galleria Duty Free 63 has been officially opened – and it’s offering more than just duty free products. The new duty free store, located in Seoul’s iconic 63 Building, is operated by Hanwha Galleria, a subsidiary of Hanwha Group. Since its ‘Free Opening’ last…
The Go Vap district near Tan Son Nhat International Airport and part of Ho Chi Minh City in Vietnam are widely known as special to the Korean retail industry. This is because despite the fact that there are not many Koreans residing in the area, Korean retail…
Tesla Motors Inc. is in talks to open its first store in what will be South Korea’s biggest mall, according to the shopping complex’s owner Shinsegae Group. The two parties are negotiating over an outlet at Starfield Hanam, which is set to be the country’s…
L Capital, an affiliate of luxury brand group LVMH, will invest US$50 million in Korean cosmetics company Clio, which aims to go public by the end of this year. Clio will issue redeemable convertible preference shares to be taken over by the investment…
South Korea’s environment ministry has accused local VW officials of fabricating reports on emissions and noise-level tests. As a result, Volkswagen may have sales of its vehicles in South Korea suspended later this month. The environmental authority in South…
In an effort to promote the idea of urban beekeeping and to provide information about its environmental benefits, Bolloré Logistics Korea recently sponsored a beehive structure called Honey Factory, in Seoul, South Korea. Currently installed in Seoul…
South Korean cosmetic manufacturer Banila Co has launched outlets in Malaysia, its fourth overseas market following China, Taiwan and the Philippines. Banila says its first cosmetics store in Malaysia opened in Mid Valley Mega Mall, the largest shopping…
Hypermarkets, which offer a wide range of products under one roof, once prospered in Korea. Recently, however, sales growth has stagnated with a rapid change in consumer behavior. According to industry watchers, hypermarkets in Korea anticipated high growth…
South Korean retailers and cosmetics companies are closely watching China’s moves after Korea and the US decided to deploy an advance missile defense system in the country on July 8. Neighboring China lodged a swift protest against the decision announced in…
Li & Fung Group subsidiary LF Beauty is seeking to cash in on soaring demand for beauty products in Mainland China and wider Asia. China’s skincare and cosmetics market is projected by the Hong Kong Trade Development Council to grow by an average annual rate…
South Korea’s Oriental Brewery (OB) has opened a pop-up store named MixxTail House at Sinsa-dong’s Garosu-gil in Gangnam. The Oriental Brewery pop-up offers a variety of cultural events and activities that visitors can enjoy while drinking OB’s MixxTail, the…
K-pop, K-drama, K-beauty, K-fashion…the list goes on. But the latest K-trend that is showing significant growth is ‘K-jewelry’. According to Lotte Duty Free on July 3, Q2 sales of domestic jewelry brands at its duty free stores across Korea increased by 80…
South Korean food-to-entertainment conglomerate CJ Group has submitted a letter of intent to buy fast-food chain McDonald’s Korea. Details have yet to be decided, but the deal could be worth 300 billion won ($256.86 million) to 500 billion won, says the…
Shinsegae Group will open a multiplex shopping mall in Hanam in South Korea’s Gyeonggi province, around September. It says it will be the country’s biggest shopping multiplex with a dining area bigger than the Olympic stadium in Seoul. It will have four…
Industrial output in South Korea climbed 2.5 percent on month in May, Statistics Korea said on Thursday. That beat forecasts for a flat reading following the 0.8 percent decline in April. On a yearly basis, industrial production climbed 4.3 percent – topping…
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