Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Hong Kong jeweller Luk Fook has opened its first store in Korea. The store is within the Walkerhill Duty Free complex in the downtown Seoul suburb of Gwangjin‐gu and targets tourists. Wong Wai Sheung, Lufook Group chairman and CEO, said the group will…
South Koreans are spending more online on mobiles than ever before. Korea mobile shopping spend reached a new record in 2014, crossing the 10 trillion won mark for the first time. Thanks to the ubiquity of smartphones and tablets, annual sales volumes for…
Korean retailer Lotte Mart has opened a shop front on China’s Tmall. The Lotte Mart store on Tmall Global, is the first Korean discount store to have an online presence on the popular Chinese online shopping mall. Lotte Mart has launched with an offer of 16…
Korea’s three largest mobile network operators – SK Telecom, KT and LG Uplus – are to merge their individual app stores to create a new destination One Store. The combining of the offers of T Store, Olleh Market and U Plus Store will represent a significant…
Burberry has entered into a new digital collaboration with Korea’s Shinsegae Group to launch the official Burberry ssg.com store in South Korea. The custom-built, dedicated space mirrors the brand’s own online flagship store, Burberry.com and is consistent…
Samsung Electronics will freeze wages in 2015 for employees in South Korea for the first time in six years, after the world’s biggest smartphone maker saw profits fall in the face of rising competition. The cost-cutting move is the latest by Samsung…
Korea’s department stores suffered their worst sales drop in history in January. According to preliminary government data, sales fell 9.7 per cent year-on-year, the worst figure since record taking commenced in 2005. January marked the fifth consecutive…
Korea’s largest online marketplace 11street says it will launch in Malaysia in April. The company will invest more than RM35 million (US$10 million) to drive seller participation and aims to have 11,000 sellers on board by launch date. The site will be at…
South Korea’s department store industry is still struggling to arrest falling sales as consumers tighten spending and turn to online. New figures released by the trade ministry Tuesday show sales at top department and discount stores in December fell at a…
Craze for Cushion, which started in Korea, is now drawing worldwide attention and revolutionising the makeup routine for women around the world. Amore Pacific Group said on Tuesday that the global sales of Cushion products under its brands are expected to…
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.