Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
A South Korean startup has developed an AI-powered dog collar that can detect five emotions in canines by monitoring their barks using voice recognition technology. The Petpuls collar can tell pet owners through a smartphone application if their dogs are…
Joining the market later than competitors, Baemin, a food delivery application of South Korean unicorn Woowa Brothers, concentrates on rider training and supporting food stores. Tuan, 28, from HCMC, is on his way to the headquarter of Baemin in District 3 to…
Last year, we got to know about the SolaRoad in the Netherlands where the road was replaced by solar panels and its infrastructure was self-sufficient to power the lighting system of the highway. Now there’s a new highway in South Korea that runs between…
How art and apps drove growth for K11 malls – before and after pandemic. Revenge consumption has helped K11 shopping centres across Mainland China and Hong Kong flourish in the wake of the Covid-19 pandemic as the company worked to attract customers back to…
South Korea’s largest supermarket chain operator Emart Inc. is pulling out of Vietnam, the second major Asian market after China, in the face of regulatory hurdles. The retailer opened its first outlet in Vietnam’s Go Vap district in 2015 and had procured a…
Out of 185,595 South Korean cars sold in Southeast Asia last year, Vietnam accounted for 59 percent. While the Vietnamese auto market only ranks fourth in size in the region, its contribution to the sales of Hyundai and Kia, two major Korean brands, has been…
Apple is preparing to open its second retail store in South Korea. Located in Seoul’s main finance district, Apple Yeouido will make direct sales and support accessible to a whole new community. Apple first welcomed customers in South Korea in 2018, when…
Starbucks Korea, the nation’s largest coffee chain, has jumped into the delivery fray, in its attempt to boost annual sales in South Korea to 2 trillion won (US$1.86 billion). Expanding aggressively its number of stores here, Starbucks Korea has kept growing…
Retail sales in South Korea increased 8.4 per cent in October from a year earlier on the back of the pandemic and consumption-boosting events. Sales of furniture and other consumer goods moved up 18.6 per cent over the period, according to the data.
South Korean department stores are on track to transform their outlets from simple shopping centres into culture spaces. The primary factor behind the department stores’ increasing efforts to install cultural spaces is the sluggish performance of their…
LG Household & Health Care proudly announces the opening of a first-of-its-kind, The history of Whoo luxury concept store in Canada. The history of Whoo is a best-selling, record-breaking, prestigious Korean skincare brand known worldwide and recognized for…
SK Telecom Co., South Korea’s largest mobile carrier, said Monday it is partnering with Amazon.com, Inc. to allow South Koreans to have easier access to products on the U.S. e-commerce giant’s platform. The carrier said users of its e-commerce unit 11Street…
South Korean cosmetics giant AmorePacific Corp has opened a so-called ‘refill station’ – a first for the nation’s cosmetics industry. The company opened the facility as a trial inside its new Gwanggyo store that opened last week in Suwon, Gyeonggi Province.…
Rapyd, a global Fintech as a Service company, has launched its ‘all-in-one’ payment capabilities in South Korea. By partnering with leading Korean payment service providers, KCP, PayLetter and others, Rapyd now provides access to a robust and comprehensive…
South Korean oil refiner GS Caltex Corp has bought an 11.56 percent stake in car-wash startup Vietwash for $1.7 million. Nguyen Thanh Duong, founder of Vietwash, said the money would be used to double the number of outlets to over 100 in the next few years.…
South Korea’s non-store retailers including online shopping and delivery operators raised a record 46.2 trillion won ($39.1 billion) in sales in the first six months of the year as consumers relied much on non-face-to-face businesses amid coronavirus fears.…
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.