Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Convenience-store brand GS25 says 10,000 of its outlets now serve coffee products distributed under its house brand Cafe 25, just 30 months after the brand was launched. The figures show how successful South Korea’s convenience stores have been in challenging…
South Korean cosmetics giant Amorepacific’s cosmetics brand Innisfree has opened a new concept store in Hangzhou, China, in collaboration with Alibaba’s Tmall, the company said Thursday. According to Innisfree, its new concept store features a…
Lotte Mart Mongolia is opening its first store, in Ulaanbaatar, in the first half of next year. The South Korean retailer has set up a joint venture with local retailer Nomin Holdings, which will sell Lotte’s private label products for the next 10 years. It…
Uniqlo’s sister brand G.U. is coming to Korea in September and will open its first store in the Lotte World Mall in Jamsil, Southern Seoul. Due to open on 14 Sept., the store will be 1,400 square meters (15,069 square feet) on the first basement floor. The…
Burgeoning duty-free retailer Shinsegae opened its second store in downtown Seoul. As reported, the retailer announced its plans to open the mammoth 13,350sqm outlet in the Central City complex in Seoul’s Gangnam area after being awarded the licence in…
It is thought to be the biggest deal for a retail warehouse site so far this year and is the first time Korean investors have stepped into the UK retail sector. The 195,000 sq ft shopping park called Gallagher off Junction 9 of the M6 is anchored by Next and…
He added that reports which said Ministop has selected Nomura Securities as deal manager to sell its Korean unit are untrue. Established in 1997, Ministop Korea is the fourth-largest player in the country. But recently the company has faced some difficulties…
Vietnamese traditional-coffee chain Cong Ca Phe is opening its first overseas outlet by the end of this month. The Hanoi-based chain has appointed a master franchise in South Korea and according to the Cong Ca Phe South Korea Instagram account, the first…
Shinsegae International Co., the fashion arm of South Korea’s retail giant Shinsegae Group, aims to open a flagship store of its cosmetics brand VIDI VICI in China late next year to tap deeper into the world’s largest market. Prior to the opening, it will…
E-Mart, South Korea’s largest discount-chain operator, is set to open a store in Saudi Arabia this week. Last November, E-Mart firm signed an agreement with the kingdom’s major retail group Fawaz Alhokair to open the beauty store Scentence at the Al Nakheel…
KT will triple the speed of the internet at some Starbucks Korea branches starting today. The company announced Monday that it will offer 10 GiGA Wi-Fi services at three Starbucks Korea branches. The cafes are in the Jongro Tower in central Seoul and COEX and…
Berjaya Corp Bhd’s (BCorp) wholly-owned subsidiary Berjaya HR Café Ltd has acquired 98% equity interest in South Korea’s Just KPop Ltd (JKP), for KRW98 million(RM354,172). The group told the stock exchange that following the subscription of 19,600 common…
Just a month after Homepick launched in Seoul the service is getting ready to go national, the next step in an ambitious plan to improve parcel services while making use of wasted space on gas station forecourts. Homepick, a new business concept created…
Xiaomi’s Redmi Note 5 became the Chinese electronics giant’s first mobile phone to officially sell through Korean mobile carriers on Monday. The cost-effective phone, priced at 299,000 won ($265), is the first Xiaomi device launched nationwide through Korean…
For years, Korea’s electric car market lagged behind that of other countries due to a lack of charging infrastructure and few appealing models. This year marks a turning point, as sales of electric vehicles (EV) grew by more than 150 percent in the first half…
The flood of Chinese tourists to Japan has given a fresh uplift to the high-end beauty products market. Buoyed with success, some niche brands are now venturing beyond China. Nagoya-based MTG, which sells health and cosmetic tools that cost hundreds of…
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