Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
South Koreans are more and more turning to on-line channels for grocery purchasing as they eschew their traditional visits to grocers amid the continued unfold of Center East Respiratory Syndrome (MERS), business knowledge exhibits. South Korea has reported…
SK Networks, which proposed utilizing the Cerestar constructing for a brand new duty-free store, plans to develop the Dongdaemun space into an Asian Broadway. The retail arm of SK Group, the third largest family-run conglomerate in Korea, already proposed…
KOSTAT reported that mobile ecommerce sales were up 125.8% in 2014 as a whole compared with 2013. In Q1 2015, according to KOSTAT, travel accounted for the largest share of mcommerce sales in South Korea of any product category, at 16.0%. That was down from…
SK Telecom won the Most Innovative Telecom Project (MITP) award on May 20 from the Telecom Asia Award (TAA) held in Jakarta, Indonesia, the company said. SK Telecom could win the Most Innovative Telecom Project award because TAA recognized the company’s…
Singaporeans, Taiwanese and South Koreans will be capable of purchase the Apple Watch from later this month. “The response to Apple Watch has surpassed our expectations in each approach, and we’re thrilled to convey it to extra clients around the globe,”…
South Korea’s E-Land Group has purchased two US style retail manufacturers – KR3W Denim Co and Supra Footwear. E-Land subsidiary Okay-Swiss International Manufacturers has purchased the 2 manufacturers’ father or mother One-Distribution, a skate-inspired…
Jack Ma, the chairman and founder of Alibaba Group Holding Ltd. who holds assets worth $36.4 billion, visited South Korea for the third time on May 17 to announce the launch of the Korea Pavilion on T-Mall, a business-to-consumer online retail channel. T-Mall…
May 27 Sales at top South Korean department stores rose 1.3 percent in April from a year earlier, revised government data showed on Wednesday, turning from a fall in March but slightly weaker than a recent estimate. It was compared to a preliminary 1.5…
Just a few days shy of the deadline to apply for a Seoul duty-free business license, E-Land announced plans to join the fray. The conglomerate, whose businesses span from retail and fashion to restaurants, said Thursday that it plans to build a duty-free shop…
SoftBank Corp. and Coupang have announced a definitive agreement under which a subsidiary of SoftBank will invest $1 billion in Coupang, the largest and fastest growing standalone ecommerce player in Korea. The investment is expected to close at the beginning…
Chinese language on-line magnificence merchandise retailer Jumei Worldwide has purchased a minority stake in Korean magnificence model It’S Pores and skin. It’S Pores and skin is described as “a status Korean magnificence model that has turn into very…
South Korean cellular carriers have opened a unified app retailer for his or her smartphone customers, as a part of an effort to bolster their presence within the rising app content material sector dominated by two app giants: Google and Apple. The One…
Think about purchasing with no trolley. New know-how on show in Korea this week demonstrates how shoppers can buy groceries in a grocery store, scan the barcodes of the merchandise they need to purchase and have them delivered at house at their comfort. The…
As more people enjoy their own coffee at home or at work, sales of capsule coffee machines are going through the roof. Nescafe Dolce Gusto, the largest capsule coffee machine provider in Korea, announced this week that sales of its capsule coffee machines in…
US apparel retailer American Eagle Outfitters has announced new parnerships to enter two new Asian markets. In Singapore, AEO has partnered with Trendz 360 and in South Korea with SK Networks Co. Stores will open in both markets this calendar year. The…
Korean cosmetics products are expanding their presence in China on the back of the ‘Korean Wave’. Korea is the second biggest source of cosmetics sold in Asia’s second-largest, but fastest growing beauty market, according to data out this week. Out of $686.2…
Weekly Briefing
Tuesday, Thursday and a Saturday 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.