Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
South Korea plans to unveil a new index tracing online retail prices this year by using big data from private sector to reflect actual economic sentiment, according to Statistics Korea on Tuesday. The state-run agency plans to release an online price index…
Korean women’s clothing mall Hotping entered the global market just six months ago – and already cross-border sales account for 10 per cent of its turnover. Monthly sales to customers outside Korea have now surpassed the 100 million won (US$84,000) mark. “We…
Lotte Duty Free’s $3bn 555m World Tower duty free store in Seoul has won three globally recognised and prestigious design awards for the first time in the Korean duty free business. Besides winning the ‘2015 Good Design Awards’ in the Environments category,…
During the Black Friday event in the United States in November 2015, Samsung Electronics’ 55-inch SUHD TV was sold at a price of 1.15 million won. This was when it was sold at a price of around 3 million won at retail stores in Korea. LG Electronics’ 65-inch…
South Korea’s industrial production rose 1.2 percent in December from a month earlier, posting the first rebound in three months, a government report showed on Friday. The production in all industries declined 1.3 percent in October and 0.4 percent in…
Standard Chartered Bank Korea plans to invest 10 billion won ($8.24 million) in its wealth management, aiming to double the size of operations over the next five years, a top company executive said Thursday. “We have set a target of 100 percent growth in the…
Two international airports in are set to review operational licenses for South Korea duty free shops. But the upcoming bids are unlikely to become competitive due to sluggish profitability, industry sources told Yonhap on Wednesday. Gimpo International…
CJ O Shopping Co, a home shopping unit of CJ Group, said Thursday it will launch a new channel in Malaysia in a joint venture with Media Prima TV Networks, a major Malaysian media group. CJ O Shopping plans to start airing the new shopping channel in the…
Agus Mahram, secretary of the Cooperatives and Small and Medium Enterprises Minister, said that the his institution has set a cooperation with the Busan-Indonesia Center (BIC) in South Korea to promote Indonesian small and medium enterprises (SME). “100…
A recent report from a Korean consumer protection agency reveals that the prices of imported fruit, wine, beer and Starbucks coffee in Korea are much more expensive than in other countries. According to Consumers Korea, the domestic prices of imported grapes,…
As growth indicators such as commodities and oil test their lowest price levels for more than 10 years, the fear of deflation that gripped Japan for many decades is quickly becoming a global phenomenon. Even in the U.S., where economic growth is relatively…
The Seoul store will open in March. It features five stories and 9,364 square feet showcasing the entirety of DJI’s consumer products. That includes its line of Phantom drones, as well as its Inspire, Matrice, and Spreading Wing drones. Also on display will…
Here’s how bad it is in Southeast Asia’s retail industry for sellers. They are paying more to borrow money to keep their business going than consumers do to keep buying from them. Courts Asia Ltd., which offers shoppers zero percent long-term credit on…
South Korea will start another round of nationwide discount events later this month in a bid to boost domestic consumption around the Lunar New Year’s holiday, the finance ministry said Tuesday. The so-called Korea Grand Sale will begin on Jan. 25 and run…
In the face of a continuing sluggish market, Hong Kong-based Luk Fook Jewellery posted a 25 per cent drop in overall sales in the three months to December 31 against the previous two quarters. Its same-store sales growth (SSSG) for mainland China was down 10…
British banking group Barclays will close its Seoul office as part of its global slimming down strategy, an official from the financial regulator said Wednesday. A director at the Financial Supervisory Service (FSS) said Barclays told the authorities of its…
Weekly Briefing
Monday, Wednesday and a Friday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.