Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Top 15 U.S. bedding producer Kingsdown announced the debut of its bedMatch system here. Kingsdown plans to use the retail launch as a starting point for further distribution of bedMatch systems, Kingsdown, and Sleep to Live bedding products throughout the…
An Indonesian bank, Bank Negara Indonesia (BNI) 46, opened a branch office in Seoul, South Korea, in Wise Tower, on Monday. It was inaugurated by the Ambassador of Indonesia to South Korea, John A Prasetio and Manager of BNI46 Seoul, Wan Andi Aryati. “The…
It has been found that Korean manufacturing companies’ rate of operation reached a record low since the IMF bailout in 1998 due to the sluggish exports and domestic consumption. Under the circumstances, the manufacturers’ investment is forecast to decline to…
South Korean department stores will start offering instant tax refund services to foreign customers from this month as part of an effort to boost sales. Under the new program, foreigners can buy products without paying the mandatory 10 per cent value-added…
Lotte Group has launched a smartphone app for Chinese tourists visiting Korea. The application is called ‘TianTianLeTian’, and provides visitors with information on shopping, tourism, and other services offered by Lotte companies. Department stores and large…
Naturally Splendid Enterprises Ltd. is pleased to announce that the first shipment of 20 metric tonnes of hulled hemp seeds destined for the Port of Busan in South Korea, was shipped from the Naturally Splendid distribution centre in Burnaby, BC to the Port…
Italian lifestyle brand, Paul & Shark, has opened its first boutique in South Korea, at Incheon International Airport (ICN) in partnership with Lotte Duty Free – with a further two on the way. Commenting on the mid- December opening: Catherine Bonelli, Global…
Shinsegae Group says it will invest 4.1 trillion won ($3.4 billion) this year and hire 14,400 new staff to expand its retail business and revitalise the “sagging domestic economy”. “The overall retail sector has been struggling to deal with continued sluggish…
South Korean High Shopping Co, a joint venture between InTouch Media and Hyundai Home Shopping, is set to become the third South Korean home shopping operator to enter the Thai market, with a launch in Vietnam slated for the second quarter of 2016. High…
DJI, a manufacturer unmanned aerial vehicle technology, is set to open a flagship store in Seoul’s Hongdae district in March. Frank Wang, DJI Founder and CEO, said the location was chosen as Hongdae is a vibrant district that combines urban arts, indie music…
The furniture market in South Korea has seen a surge in sales since IKEA entered the retail sector last year, stimulating consumer tastes for trendy home furnishings and competing with local retailers, South Korean news agency Yonhap reported on Monday.“The…
Korea retail sales took a surprise turn for the worst in December after three consecutive months of solid growth. Reported sales by department stores run by Hyundai Department Store, Lotte Shopping and Shinsegae Co show a 5.7 per cent fall year-on-year,…
The analysts said that the auction is a unique opportunity for foreign corporations to pour capital into the two retail markets of the highest profit in Southeast Asia. Both the two new potential investors are appreciated for financial strength. Dairy Farm…
The 93-year-old founder of South Korean retail giant Lotte Group walked into a court hearing on Wednesday to prove that he still remains healthy, which has emerged as a critical factor in the bitter family feud between his two sons. Shin Kyuk-ho appeared at…
Moody’s expects to conclude the review in March 2016, after incorporating SCB’s efforts to turn around SCBK’s performance, as well as the detailed results of SCBK’s parent, Standard Chartered Bank’s (SCB, FC deposits Aa2 rating under review for downgrade, BCA…
Sales at South Korea’s top department stores snapped three months of rises in December and marked their biggest annual fall in four months due to warmer weather compared with the previous year, government figures showed on Wednesday. Combined sales at…
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