Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
It was earlier this week when Hyundai Motor suspended production at its Asan plant because of a chip shortage. The South Korean carmaker has announced that it will again halt production at its Sonata-producing plant for two days next week due to an electric…
The Korean clothing brand Acmé de la Vie (ADLV) opened its first stationary store in Australia in May of this year in QV Melbourne in front of a local online shop. ADLV co-founders Jinmo and Jaemo Goo started the streetwear business in 2017 and opened their…
Expensive luxury brands are racking up strong sales in South Korea, despite the coronavirus outbreak. Consumers, denied overseas travel, have resorted to spending on luxury goods instead, gaining popularity among the MZ Generation (millennials and Generation…
South Korea’s LG Electronics Inc will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it the first major smartphone brand to completely withdraw from the market. Its decision to pull out will leave its 10%…
South Korea’s Ministry of Science and ICT has announced plans to release low-cost 5G mobile data plans to raise the competitiveness of the country’s 5G market. The ministry reported that tariffs will be announced, with mobile data rates offered by mobile…
Department store sales jumped 40 percent in February against a year-ago period in the biggest year-on-year gain since the data became available from 2005 to suggest a rebound in private consumption in South Korea. According to the Ministry of Strategy and…
South Korea’s SK Telecom, retailer Shinsegae Group and private equity firm MBK Partners were among those that entered non-binding, preliminary bids for the sale of eBay Inc’s South Korean business, the telecom company, and two sources with knowledge of the…
Nokia has today announced that it will conduct a 5G Business-to-Business (B2B) digital platform trial for LG Uplus. Once deployed, the platform will allow LG Uplus to reduce time-to-market for launching 5G-powered services to its enterprise and business…
Starbucks Malaysia today unveiled Starbucks Reserve Tropicana Gardens, the largest in the market. Located in the heart of the bustling community between Kota Damansara and Tropicana Indah, the store features two bars: the main bar offering all core and…
Coupang LLC, South Korea’s largest e-commerce company, raised $4.2 billion in the biggest share offering in the United States this year after selling stocks in the IPO above its deal target range, people familiar with the matter said. The initial public…
H&M’s ‘Nordic lifestyle brand’ Arket has opened its first brick-and-mortar store in Seoul, South Korea. Located at Yeouido’s department store The Hyundai Seoul, the Arket South Korea store spans 8000sqft and features the brand’s collections of New Nordic…
Perfume sales in South Korea have gone up despite the suspension of perfume testing at department stores. Last December, South Korean retailers suspended all practices of testing cosmetic samples at offline vendors in accordance with government regulations,…
A Chinese-language bookstore from Wuhan opened its first overseas store today in Singapore. The Zall Bookstore, popular in the main city of China’s Hubei province, opened its doors to bookworms at the Wheelock Place mall on Orchard Road. The two-story space…
Brands in the tech sector are likely to record mixed fortunes as a result of the COVID-19 pandemic, with retail tech brands predicted to fare the best compared to leisure and tourism tech brands, which are expected to suffer considerably, according to the…
British home appliance maker Dyson Ltd. said Thursday it will open its first flagship store in South Korea this week as the company eyes to expand its sales amid the pandemic. Dyson Demo Store will open at IFC Mall in western Seoul on Friday, featuring all of…
South Korea has launched an antitrust investigation into Google over its plans to enforce commission fees for in-app purchases made through its mobile application store, a top official said Thursday. The U.S. tech giant has come under intense scrutiny from…
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