Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
The South Korean manufacturer launched the Ioniq in its home market two months or so ago, yet Hyundai had to recall the electric drive hatchback after a video was published on YouTube. That particular video can be found at the end of this story. Just skip to…
DFS Group has signed a new supply partnership with the Jeju Tourism Organization (JTO) ‘to raise awareness and attract international tourism to Jeju Island, South Korea, as well as to provide an elevated retail experience for international tourists’. This new…
In news that rocked the Korean travel-retail and duty-free world last November, Lotte Duty Free and Walkerhill Duty Free lost major downtown licenses to Shinsegae Duty Free and Doosan Group respectively, following a ground-breaking decision by the Korea…
Since June 6, 2012, a local government regulation has required large discount supermarkets like Lotte Mart and E-Mart to be closed every second and fourth Sunday of the month in a bid to boost merchants at traditional markets who have seen dwindling…
The South Korea stock market gave up just a pair of points on Tuesday – but that was enough to snap the four-day winning streak in which it had advanced more than 25 points or 1.2 percent. The KOSPI settled just shy of the 1,970-point plateau, and the market…
Korean online bookstores are pushing back their deadlines for same-day delivery, and jumping into the current delivery war that started when Coupang launched its ‘Rocket Delivery’ service. But while the bookstores’ new service is expected to attract more…
South Korea’s original development manufacturing (ODM) cosmetics company Cosmax Inc. said its Indonesian subsidiary PT Cosmax Indonesia was granted halal certification, a move that is expected to help pave the way for the company to make forays into the…
An investor from South Korea wants to invest US$80 million in shipping business in Indonesia, the Capital Investment Coordinating Board (BKPM) said. The unnamed investor is especially interested in operating liquefied natural gas (LNG) tankers, BKPM chief…
De Beers Group of Companies has launched its diamond brand Forevermark in Asia – with new partners in South Korea and Thailand. It is now available in more than 1700 outlets in 38 consumer markets. In South Korea, Forevermark Asia launched with licensee…
Last week it was reported that pre-orders for the Samsung Galaxy S7 and S7 Edge were lower than their predecessors over in South Korea. Samsung has since refuted those claims by saying that if anything, pre-orders were stronger than expected and if the latest…
The largest South Korean retailers, faced with cut-throat competition in the rapidly saturating domestic market, are turning their attention to overseas markets in conjunction with small and mid-sized businesses to secure a new growth driver. The country’s…
CJ Group, which runs Vietnam’s largest multiplex cinema chain, has promised to invest US$500 million in the country this year to turn it into its second biggest overseas market after China in the next five years. The amount is larger than the total of $400…
For the first time since opening 31 years ago, Korean retail giant Hyundai Department Store is renewing its brand identity and simplifying its name to “The Hyundai”. Starting with its Apgujeong flagship store this month, the group is changing the exterior of…
South Korea’s Emart has launched private brand products created in collaboration with SM Entertainment. The products went on sale at Emart Mall and 140 Emart stores nationwide from Thursday (March 3). The new products include EXO Jajangmyeon (jajang-flavored…
DJI’s Inspire 1 drone can be fitted with the new Zenmuse XT thermal camera, making it see in the dark.(Photo : Sean Gallup/Getty Images) Chinese aerial vehicle manufacturer DJI is preparing to open a new flagship retail store in western Seoul, South Korea on…
Every floor of the NC Department Store in Jamsil-dong, southern Seoul, was packed with customers frantically digging through piles of clothes and shoes on March 1. The moment an employee set out pairs of Nike sneakers at 50 percent off the retail price, men…
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