Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Citibank Korea has reported their most impressive quarterly earnings in over half a decade. The first-quarter net income witnessed a significant leap of 61% from the previous year, primarily due to a substantial rise in noninterest income. Citibank Korea…
Shinsegae Group, a major food corporation in South Korea, has terminated the employment of Starbucks Korea’s chief after a marketing campaign sparked widespread controversy on the commemoration of historical pro-democracy protests. Shinsegae, the South Korean…
BHC Chicken, a renowned fried chicken brand originating from South Korea, is setting its sights on broadening its reach within Southeast Asia, with plans to launch in Vietnam. This move is part of an ongoing expansion strategy that is rapidly growing the…
The US-based private equity firm, The Carlyle Group, has successfully acquired KFC Korea. With this acquisition, the firm aims to expand the existing 200-store portfolio of the popular restaurant chain in South Korea. The deal, which was initially announced…
Moncler Group, the parent company of Moncler and Stone Island, has announced a robust first quarter. The company’s earnings were primarily driven by sales in Asia. First Quarter Sales Surge The group registered a substantial $1.03 billion in sales during the…
Chinese milk tea brands are broadening their horizons and expanding into new markets in Asia and the West. These brands have traditionally focused on Southeast Asia as their primary area for foreign expansion. However, with the market becoming overcrowded,…
Korean Seven, the South Korean operator of the worldwide convenience store franchise 7-Eleven, has recently appointed Daeil Kim as its latest CEO. The move is aimed at driving growth and propelling a significant business transformation. Daeil Kim Steps Up Kim…
Chinese restaurant chains are accelerating their growth in South Korea, capturing customers in the major tourist regions of Seoul with genuine Chinese food. This development is fueled by a boost in sales. Emerging Leaders in the Industry Among the most…
After a six-year break, Air China has reinstated direct flights from Beijing to Pyongyang. This comes as another indication that North Korea is gradually becoming more accessible, following the reestablishment of train services between the two capitals.…
Central Food Retail, a division of Central Retail, is broadening its operations via a collaboration with Emart, a South Korean retailer, to introduce No Brand, a store model focused on value, in Thailand. First No Brand Store in Thailand The No Brand store,…
On Running, a sportswear brand, has recently launched an automated factory in Busan, South Korea where robots are used to manufacture running shoes. The company expresses its intent to establish more such factories in the United States and Europe to…
After operating for six successful years, Jinjja Chicken, a well-known fried chicken chain, has closed its shop located in Changi Airport. However, the brand hinted at a potential opening of a new outlet. Thanking the Loyal Customers In an announcement made…
Jollibee Foods Corporation (JFC), a dominant player in the food service industry, is poised to strengthen its position in Asia through the acquisition of a South Korean hot pot buffet brand, Shabu All Day, and the anticipated introduction of a rapidly-growing…
South Korean investment firm, The Venture, has recently acquired the majority shares of Chicken Plus’ business operations in Vietnam. This is part of their overseas investment project fund. Chicken Plus: An Expanding Brand Chicken Plus, a renowned fried…
South Korean coffee powerhouse, The Venti, has recently entered into a strategic master franchising agreement with JKT Networks. This strategic partnership aims at further expanding The Venti’s presence into the Middle Eastern market. First Steps Into the…
Renowned Canadian coffee company, Tim Hortons, is ramping up its efforts to establish a stronger operational presence in South Korea. The firm’s objective is to more than double its store tally to a total of 50 locations within this calendar year. This…
Weekly Briefing
Monday, Wednesday and a Friday 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.