Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
South Korean retail giants HDC Shilla Duty Free and Hanwha Galleria Timeworld on Friday clinched a high-profile bid to operate duty-free stores in downtown Seoul in what is seen as a golden ticket to bolstering their footing in a retail industry struggling…
Any buyer of Tesco’s $6 billion South Korea unit will need a strategy to boost returns in a lethargic and saturated market for traditional retailers, likely involving real estate sales and a greater focus on Internet shopping. Britain’s Tesco has hired HSBC…
KKR and Carlyle, the US private equity firms, have been invited to bid for the Asian business, which trades as Homeplus, while London-based CVC Capital Partners has also been asked to bid. The decision to sell the South Korean stores comes as the retail…
South Korean heavyweights ranging from Internet to retail to tech companies are all paying keen attention to preoccupy the mobile payment system market, which hasn’t yet taken off. Since Daum Kakao first ignited the competition by rolling out its mobile…
Hollys Espresso, the Korean cafe chain with a particular Parisian decor, will open its first outlet in Vietnam on July 9. The flagship retailer can be situated in Ho Chi Minh Metropolis and would be the first of three to be buying and selling in Vietnam by…
Taiwan’s GigaMedia, a web-based video games and computing providers supplier, is to purchase 70 per cent of worldwide eCommerce cosmetics retailer Strawberry Cosmetics. Taipei-based, Singapore-listed GigaMedia can pay about US$93.1 million for the stake.…
South Korean beauty maker Tonymoly says it’ll increase its funding in China after a market debut subsequent month, to faucet deeper into the fast-growing magnificence market. Tonymoly, Korea’s seventh-largest beauty model by 2014 gross sales, has posted…
Korean division retailer gross sales are on the rise. Figures launched by the Ministry of Commerce, Business and Power at this time (June 29) present a second consecutive month-to-month improve in Might, boosted by meals and attire. However the figures ought…
Lotte has opened a 6612 sqm Jeju obligation free retailer. The brand new retailer, constructed at a price of US$72 million, spans three flooring of the Lotte Metropolis Lodge in Jeju metropolis’s Doryeong-ro district, within the island’s CBD. Lotte Obligation…
Drive-thru stores, which first appeared in the country some 20 years ago, are increasing in South Korea as more consumers are favoring the convenience of such retail channels, market watchers said Tuesday. U.S. fast food chain McDonald’s, which opened its…
South Korea’s antitrust watchdog has slapped a 114 million gained (US$103,100) wonderful on comfort retailer chain Ministop Korea for unfair commerce practices and ordered the corporate to take corrective motion. The penalty towards the native affiliate of…
Luxurious style label Dior has opened a shocking flagship retailer in South Korea’s capital which we assure is like nothing you’ve seen anyplace on the planet ever earlier than… Designed by Christian de Portzamparc, the six storey Dior Seoul retailer contains…
The number of customers using Korean online malls is sharply increasing not just in China and North America, but in new markets around the globe. SimpleX Internet, which runs Korean eCommerce solutions specialist cafe24, says Korean cross-border shopping…
Korea’s Lotte Group is reportedly planning to purchase a number of purchasing malls in Indonesia to broaden its operations within the fast-growing Southeast Asian financial system. A Lotte spokesman has successfully confirmed discussions however advised media…
Well-liked late night time cooking exhibits are proving a gentle driver of gross sales for on-line meals retailers. News from South Korea exhibits that as cooking exhibits achieve reputation in late night time time slots, TV viewers are buying extra meals by…
Korea’s Shinsegae Group is about to open an enormous purchasing centre northwest of Seoul which it hopes will take the battle to Ikea for homewares buying. Shinsegae, one of many nation’s largest division retailer operators, will open E-Mart City on June 18,…
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