Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
South Korea’s leading cosmetics company Amorepacific is holding an outdoor public exhibition on Jeju Island until October 14, featuring natural aspects of Jeju, like its volcanic topography. Titled “apmap 2018 jeju — volcanic island,” the exhibition is part…
The United States on Wednesday levied 25 percent tariffs on $16 billion worth of Chinese imports. China immediately retaliated by putting the same level of tariffs on $16 billion of American goods. Since July 6, each country levied 25 percent tariffs on $34…
Hyundai and Amazon plan to develop a “next-generation” retail model amid South Korean retailers’ push to adopt the latest technology to their online and offline platforms. Under the strategic collaboration agreement with Amazon Web Service (AWS) Korea signed…
Korea’s tax office is investigating Jin Air over potential tax evasion, the latest in a series of investigations into Hanjin Group’s founding family members over alleged wrongdoings, industry sources said Monday. The tax probe came days after the…
Cadillac hopes to shake off its stodgy image and attract younger, trendier drivers in Korea, and it has opened a flashy brand experience center to win them over. The American luxury brand opened Cadillac House Seoul in southern Seoul on Monday. Visitors can…
China accounted for more than 30 percent of Samsung Electronics’ overall sales over the January-June period, industry data showed Monday, emerging as the company’s largest market and outpacing the American continents for the first time. The South Korean tech…
Samsung Electronics latest smartphone, the Galaxy Note9, attracted more preorder sales than the Galaxy S9, released in March, mobile carriers here said Monday. “The number of preorders for the Galaxy Note9 is roughly 30 to 50 percent higher than the Galaxy…
Memebox signed a partnership deal with global beauty giant Sephora to expand its global presence in the ecommerce scene and develop a joint brand due for release this autumn, according to Formation Group on Monday. The achievement comes only six years after…
South Korean retailers are increasingly crossing boundaries between their commerce platforms from television to offline and online to attract more customers, market watchers said. Shinsegae TV Shopping Inc., the home shopping arm of retail giant Shinsegae, is…
South Korean duty-free operator Lotte has reported soaring profit following its decision to partially withdraw from Incheon airport. In the company’s first half report, it indicated solid worldwide sales accounted for the profit increase, which came to KRW155…
The adoption of electric vehicles may have been rather slow in Korea, but the market for micro electric vehicles – small two-seater electric cars with less range but cheaper price tags – is booming. While sales figures and the charging infrastructure for EVs…
KT, Korea’s second-biggest wireless services provider, said Friday it will provide discounts on SIM cards and WiFi services to foreigners visiting the country. Foreign travelers can receive a discount of up to 50 percent on KT’s mobile roaming services when…
Lotte Tour Development said Thursday it will hold a series of investor relations sessions next week in a bid to attract more investment to its resort construction project in the southern island of Jeju. Lotte officials will meet with institutional investors…
BMW cars continue to burn in Korea, and neither the carmaker nor the government has a clear idea of how to resolve the ongoing crisis. On Saturday, a 120d model burst into flames in Incheon and the following day, a 2015 BMW 520d model ignited on a highway in…
South Korean convenience store operators GS25 and CU received a boost from in-house brands in the second quarter. GS Retail, which operates the GS25 chain, recorded a net profit jump of 11.1 per cent year on year to 45.8 billion won (US$41 million) in the…
Jin Air, the budget affiliate of Korean Air, said Friday that its second-quarter net profit fell 88 percent from a year earlier on increased fuel costs and a decline in travel demand. Net profit for the three months that ended on June 30 came to 1 billion won…
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