Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Preliminary data from leading department and discount stores in October reveals South Korean retail sales are recovering post-Mers. Combined sales last month at department stores run by Hyundai Department Store, Lotte Shopping and Shinsegae Co jumped 17.4 per…
Aiming to bring in more foreign funds into India, Reliance Capital Asset Management (RCAM), the funds management arm of Anil Ambani-controlled Reliance Capital, is launching a fund in South Korea for retail and institutional investors in the South Asian…
SPC Group has opened a Paris Baguette store in Las Vegas, a first in the Korean confectionery and bakery industry. The Las Vegas store is the company’s 44th store in the US, and located in the Grand Canal Shoppes, a large shopping mall located between two of…
Lotte Duty Free has announced a plan to make its World Tower Duty Free store into a landmark of North East Asia. Lotte will invest over 1 trillion won to make the location an international tourist spot that will exceed the popularity of its headquarters in…
South Korean eCommerce giant Coupang will invest 1.5 trillion won (US$1.3 billion) by 2017 to hire 40,000 delivery people called ‘Coupang Men’, and increase its number of logistics centers from 14 to 21. This is a significantly larger-scale investment than…
Korea Customs has announced that the Lotte Group has lost its operating licence at its prestigious Seoul Lotte World Tower from next month, but retained its Seoul Myeongdong store, while the WalkerHill Duty Free store operation was also unsuccessful in…
Chinese shoppers now account for 31 per cent of the world’s annual luxury sales. According to Bain & Company’s 2015 Worldwide Luxury Report, the overall luxury industry will surpass €1 trillion in retail sales value in 2015. The market delivered healthy…
South Korea retail sales rose to their highest level in four months in September, as Koreans put the Mers scare behind them and ventured back into stores. Data from Statistics Korea show retail sales totalled 31.13 trillion won (US$27.32 billion) during the…
Established in 1993, Hana Tour is the largest travel company in Korea. In the last couple of years, on average, the company has recorded approximately 380 billion won (US$335 million) in sales and 40 billion won (US$35 million) in profits annually. Recently,…
Korea’s duty free stores are sensing a crisis because of increasingly tougher challenges from their competitors in China, Japan and Thailand, industry sources said Tuesday. According to the Korea Duty-Free Association (KDFA) and distribution industry sources,…
After automobile and consumer electronics, South Korean companies are venturing into the Rs 6,300-crore Indian cosmetics and wellness market. A group of Korean companies has signed agreements with Rajshree Empires, a New Delhi-based distribution company, to…
Amazon.com Inc. in 2016 will open a new cluster of data centers in South Korea, as the Web retailer pushes deeper into Asia to compete with other cloud-computing providers such as Microsoft Corp. and Google. The facilities are for the machines that power…
English Premier League club Manchester City has partnered with EZ Shopnet to launch five online stores serving Asian fans. Manchester City online stores will be launched for customers in China, Hong Kong, Japan, Korea andSoutheast Asia. As the club’s new…
One in four unlisted affiliates of South Korea’s retail giant Lotte Group are found to meet requirements for a stock market debut, data showed Wednesday. The conglomerate has pledged to simplify its governance structure and boost its managerial transparency…
Ken Research announced its latest publication on “South Korea Online Retail Market Outlook to 2019” which provides a comprehensive analysis of the retail market in South Korea. The report covers various aspects such as market size of South Korea online retail…
From decade-long underdogs, South Korea’s indigenous private equity fund (PEF) operators have emerged as big players in the local financial industry, especially in the merger and acquisition (M&A) market. Breaking with their traditional role as mutual fund…
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