Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
DJI, the world’s leader in civilian drones and creative camera technology, building on its heritage of advanced image stabilization, takes a bold new direction with the Osmo Action camera. Utilizing DJI’s unparalleled experience with capturing smooth and…
SK Telecom has revealed plans to offer the world’s first live TV sports broadcast using a 5G network for the SK Telecom Open 2019 golf tournament. The tournament, which will be held as part of the KPGA Korean Tour, will be live broadcast on JTBC’s dedicated…
The unprecedented extension of the Japanese Golden Week holiday to 10 days has seen a surge in tourists visiting South Korea. The holiday was extended to mark the enthronement of Crown Prince Naruhito from the usual April 29 to May 5 period. Duty free…
South Korea’s mobile operators have already racked up over 260,000 5G subscribers since launching full-fledged services on April 3, government figures indicate. SK Telecom, KT and LG Uplus have been rapidly adding 5G customers during the first month of…
Amorepacific Group, the largest global beauty company headquartered in Korea, has launched Etude House in India. Etude House has become the third Amorepacific brand introduced to India after Innisfree and Laneige. The brand made its debut on the Indian market…
The first South Korean cafe for Blue Bottle Coffee has launched today. The brand’s 14,000sqft headquarters in Seoul includes a roastery and training lab, which is open for public tours, classes, and tastings. Blue Bottle will open a second cafe in Seoul later…
SK Telecom has signed agreements with South Korea’s top three terrestrial broadcasters to develop new media solutions and business models based on 5G technology. The operator has signed memoranda of understanding with Seoul Broadcasting System (SBS), Korean…
South Korea’s SK Telecom has arranged to merge its fixed broadband subsidiary SK Broadband with the nation’s second largest cable TV operator t-broad to help both companies weather rapid changes in the pay TV market. Under the proposed merger, which still…
LG’s smartphone business has been struggling for quite some time, but the company is still hopeful of turning a profit. At this point, a sudden uptake in smartphone sales seems unlikely so LG has recently focused on cost-cutting measures, one of which seems…
Mounting losses in the South Korean e-commerce industry are calling local business models into question. Competitive pricing and fast delivery capacities have made the industry an ascendant phenomenon in the territory, with the purchase of a whole spectrum of…
In one fell swoop, Apple cut the Gordian knot of 5G modem supply and it is smooth sailing from here, as it paid Qualcomm undisclosed amount to settle the patent litigation and secure a multi-year contract for 5G iPhones. “It’s personal. I don’t see anybody…
LVMH-owned cosmetics retailer Sephora will launch its first outlet in South Korea this October. The first Sephora South Korea retail space will take up 547sqft in Gangnam, featuring hundreds of brands as well as home-brand products under the Sephora label.…
A South Korean bank has launched a service allowing customers to use palm recognition to withdraw cash – a likely precursor to similar technology becoming available in retail stores. KB Kookmin Bank says by using palm prints, customers no longer have to use a…
Heavy discounting necessary to offload winter stock has hit Uniqlo sales. Parent Fast Retailing has struggled with a shortage of popular winter items in the past, and overcompensated last winter by ordering too much inventory ahead of what proved to be an…
Starting June, customers of South Korean GS25 convenience stores will be able to charge shared electric bicycles or kickboards. GS25 announced on Wednesday that it will set up an electric bicycle and kickboard charging service facility at its stores in…
South Korean online sales posted double-digit growth in February, underpinned by soaring demand for air purifiers. The spike in demand was caused by an instance of fine-dust pollution that hit Korea during the month. The findings were published in a Ministry…
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