Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Korean coffee chain Caffe Bene has opened its first franchised store in Vietnam. Caffe Bene Vietnam’s third store – its first franchised outlet – is located in the recently opened SSC VivoCity shopping centre in Ho Chi Minh City’s District 7, a popular expat…
The Starbucks Community Store in the Daehakro neighborhood in Seoul, Korea, commemorated its one-year anniversary (October 7, 2015) with a community service project, a donation and free brewed coffee and rice cakes for 365 customers as a token of gratitude.…
The Asia luxury goods market is still growing rapidly despite negative press about Hong Kong, Macau and deteriorating China spending. Luxury goods retail sales in Asia-Pacific are expected to reach US$134.9 billion by 2019, growing at a CAGR of seven per cent…
Tesco has ruled out selling any more of its Asian operations in the wake of the Homeplus South Korea divestment. At least for now. After the US$6 billion sale of Homeplus and an earlier divestment of a stake in its Chinese operation, Tesco Asia retains a…
Muslim tourists spent $62 billion shopping and dining last year – and Asia got a huge share. Malaysia and Singapore were the second and third most popular shopping destinations for Muslim tourists last year, lagging behind only Dubai, according to the…
Move over Hong Kong, Tokyo and Singapore. Seoul is emerging as Asia’s new fashion showcase, with the world’s top luxury firms seeking to cash in on the regional trend-setting popularity of South Korean pop culture. Fast-growing Asia is a key market driving…
More and more specialised retailers or service providers – ranging from barbershops to paint stores – are making appearances inside Korean department stores. These special shops are appearing as pop up stores rather than taking up permanent residence. The…
South Korean location-based coupon application provider YAP Company has launched a new app that provides Chinese tourists with various tourism-related information, including shopping and transportation. The app, dubbed Kayo, provides a selection of coupons…
Samsung Electronics said Thursday its mobile payment solution has processed tractions totaling US$30 million in the month after its debut in South Korea. The company officially released Samsung Pay in South Korea on August 20. The platform, available for…
South Korea’s retail and tourism industries are preparing a slew of promotional and cultural events to woo back Chinese tourists during a long-haul holiday season, pinning their hopes on making up for a summer slump in the wake of a viral respiratory illness,…
Korean dessert concept Churro 101 is to open its first store in Singapore on October 3. Churro 101 Singapore will debut at Bugis Plus on Victoria St, serving up churros – a fried-dough pastry snack popular in Spain, France, the Philippines, Portugal, and the…
Chinese millennials – China’s new rich – are looking to spend double the Asia-Pacific average on luxury items in the next year. The millennials – those aged 18 to 29 – are already China’s biggest spenders on luxury goods in Asia Pacific, followed by those in…
Chinese e-commerce giant Alibaba Group launched its Korea Fashion Week with its Taobao, Juhuasuan and Tmall online platforms in Seoul. Alibaba pledged to strengthen its exploration of overseas markets and to ink agreements with overseas brands to jointly…
SHOW DC Corp Ltd., recently, announced it will open Thailand’s first retail and entertainment mega-complex in June 2016 with a total investment of US$265 million and aims to attract 100,000 visitors a day. The landmark development combines spectacular…
In a region where masses of users are newly armed with smartphones and more spending power, Southeast Asia is a new gold mine for tech enterprises. China’s quickly saturating market for all things tech has pushed Asia-bound start-ups to seek new territory,…
Sign up and we notify you about new features and Add-Ons By Kim Eun-jung SEOUL, Sept. 17 (Yonhap) — The chief of South Korean retail giant Lotte Group pledged Thursday to untangle a cobweb of cross-shareholding among its affiliates and speed up the listing…
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