Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Kakao Mobility has opened recruitment for its carpool app, infuriating taxi drivers who are vehemently opposed to the move. According to the mobility company that operates taxi-hailing app Kakao T, recruiting drivers is one of the crucial steps in preparation…
With Southeast Asia becoming the center stage for South Korean businesses in expanding their global presence, retail conglomerates like Lotte, Shinsegae and CJ have been successfully tapping into the markets. Lotte Group has focused its investments on its…
Lotte Duty Free has opened a new 519 square meters area at its flagship store in Myeong-dong, Seoul, with a strong emphasis on promoting small and medium-sized Korean brands. A highlight of the zone, located in the store’s Star Avenue, is ‘Blooming Beauty’, a…
GLAM.D, healthy diet brand from South Korea, has launched three products in Singapore exclusively at Guardian. With the festive season approaching, it’s the time for feasting on Christmas goodies and even Chinese New Year treats. Amidst all that glorious…
Gogoprint, a startup that’s modernizing the printing industry, has raised US$7.7 million in series A funding to fuel its expansion into new markets like Australia, New Zealand, and South Korea in the next 12 months. Gogoprint is an online service for printing…
South Korean cosmetics firm Skinfood has filed for court receivership after increasing financial losses. The company’s former popularity of a decade ago was hit by the 2015 Middle East Respiratory Syndrome (MERS) outbreak and diplomatic disputes between Seoul…
South Korea’s KT has announced plans to expand the reach of its self-developed AI technology with the launch of services for hotels and smart cities in Southeast Asia. The operator will introduce customized AI solutions for the market, starting with Vietnam.…
From indoor navigation using augmented reality to ultra-high definition mapping technology for autonomous driving, South Korean internet giant Naver is developing a range of location-tracking technologies it believes will form the backbone of new offline…
Philip Morris Korea Inc. said Thursday that it will begin selling its tobacco sticks, called Heets, produced at its factory in South Korea later this month. To this point, Philip Morris Korea imported Heets for sale in South Korea. Philip Morris Korea has…
Lotte Group Chairman Shin Dong-bin returned to the office on Monday, getting back to work immediately to resolve issues that were put on hold while he was imprisoned until Oct. 5. Shin was spotted heading to his office on the 18th floor of Lotte World Tower…
Samsung Electronics once again set quarterly records for profit and revenue thanks to high demand for the semiconductor chips needed to propel today’s key technologies. However, Korea’s biggest company is facing challenges as its current portfolio is heavily…
South Korea’s jobless rate rose slightly in September due to a fall in employment in the retail and restaurant sectors, with poorer-than-expected job creation continuing, government data showed Friday. The unemployment rate stood at 3.6 percent last month, up…
Hyundai Motor is planning to build a driving center in Korea as early as next year in its ambition to have its high-performance division compete with BMW’s M and Mercedes-Benz’s AMG models. “I am considering building a driving academy where customers are…
Mark E. Rose, Chair and CEO of Avison Young, the world’s fastest-growing, private and Principal-led, global commercial real estate services firm, announced today that the company has opened a new office in Seoul, South Korea. The new Seoul office represents…
Two Korean mobile carriers are trying to decide whether to choose Huawei as their next-generation 5G network equipment provider, and the Chinese electronics giant sent a press release Monday to downplay potential spying issues. Huawei said there has never…
A’pieu, a cosmetics label owned by South Korea’s Able C&C, opened its first store in Thailand last month and will speed up its plan to open more stores in the country. Its first stand-alone store, opened on September 29, is housed at Central Plaza Pinklao, a…
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