Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Korea’s Hyundai Division Retailer will reveal a 490 million gained (US$453,500) Swiss luxurious watch this month. The shop is holding a luxurious watch exhibition at its Commerce Middle till Might 18 and at Apgujeong department till Might 18. The entire worth…
Financial services business BC Card is set to launch Korea’s first mobile credit card service that does not involve the use of a real plastic card. BC Card has conducted a series of pre-launch tests for its new ‘cardless credit card’ over four days, and…
Korean cosmetics brand Belif has opened its first store in Malaysia in Kuala Lumpur’s Sunway Pyramid Mall. Belif Malaysia has been introduced by listed jewellery retailer Tomei which has the rights to other markets in the region but plans to focus on Malaysia…
E.Land World Ltd, the most important attire model in South Korea and the core attire subsidiary of worldwide retail group E.Land, is implementing Manhattan’s Provide Chain Commerce Options to assist fulfil on its service promise to clients and allow future…
As grocery shopping through major retailers’ mobile shopping platforms is becoming a normal practice among Koreans, women in their forties are increasingly using mobile devices to buy their groceries. According to the Ticket Monster social commerce site, 73…
Two Global SPA brands for baby supplies have entered the Korean market. BabiesRus, the world’s largest baby product retailer, has opened a store at Lotte Mart’s Suwon branch. Strollers, baby car seats, supplements for babies and clothes from various global…
Popular Korean actor Lee Min Ho was flown in to front the brand for its launch – ironically held in a bricks & mortar shopping centre. The company will invest more than RM35 million (US$10 million) to drive seller participation and planned to have 11,000…
Michael Kors, a global luxury lifestyle brand, is pleased to announce that Hanjoon (Michael) Kim has been named President of Korea, a newly created position. He will report to Stephane Lafay, the Company’s President of Asia. Kim’s appointment, effective on 13…
Luxury brands are increasingly establishing their own Korean branches, rather than contracting with Korean companies to enter the market. In doing so, they are hoping to generate more earnings through direct and effective customer management. Goyard, the…
South Korean restaurant chain Menya Sandaime is to open its first restaurant in Australia – in the Melbourne CBD. The chain has chosen a prime site on Russell St in the Victorian capital’s CBD, according to Savills Australia Victorian retail director, Michael…
Riding “Hallyu”, or the Korean Wave, cosmetics products have developed into strong moneymaking export items as they set records for exports and trade surplus last month. According to the Korea Customs Service, the value of Korean cosmetics exports in March…
South Korean retail and industrial conglomerate CJ Group has signed an exclusive deal to develop lifestyle brands with US fashion designer Vera Wang. The group’s TV shopping subsidiary, CJ O’Shopping, will start launching products this month, the first a…
A convenience store chain in Korea plans to offer affordable smartphone battery replacements instead of time-consuming charging services. BGF Retail, the company behind the CU convenience store chain, announced on April 14 that it would begin the battery…
Department stores were once considered the ‘exclusive domain of women’ in many Asian countries. However, in Korea the ranks of men who enjoy shopping at luxurious stores are increasing. In addition, as more women are turning to overseas direct purchases or…
Before the opening of the first Ikea store in Korea last year, Korean furniture companies were worried about the threat posed by the Swedish behemoth. Many industry observers said the impact of Ikea in Korea would be felt across the industry. Without a doubt,…
The total trade volume of online retailers for 2014 surpassed that of large retail stores and department stores for the first time, said Statistics Korea. Although the overall trade volume through Korean online retailers stood at 45.24 trillion won (US$ 41.62…
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