Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Starlink is all set to beam into South Korea, having cleared the final administrative hurdles needed to launch its satellite communication services in the region. The Ministry of Science and ICT, along with the National Radio Research Agency (RRA), confirmed…
Misto Holdings, the parent company of Fila, has announced robust performance for its second quarter, with its consolidated revenue showcasing a 4.5 percent leap from the previous year to reach 1.23 trillion won ($888.8 million). The growth in operating profit…
In a strategic move to enhance customer satisfaction, Starbucks has implemented a new policy across all its locations in South Korea, urging patrons to leave behind bulky devices when they step away from their tables. Announced Thursday, every store has…
The South Korean quick-service restaurant chain, Lotteria, is set to enter the Malaysian market by the end of the current year. This move is a result of a strategic alliance with the local firm, Serai Group. Exclusive Partnership with Serai Group As part of…
In a promising turn of events, Shiseido reported an uptick in net profits for the first half of the year, crediting proactive restructuring moves in Japan and China. Yet, while the Japanese cosmetics powerhouse shows signs of recovery, turbulence within its…
South Korean retail behemoth Coupang has experienced substantial growth this year, boasting a record revenue of $8.52 billion in Q2, a rise of 19% year-over-year with an FX-neutral basis. This marks the first time the company has surpassed the $8 billion…
SK Telecom has made waves in the tech sector with its selection as a core team for the ‘Proprietary AI Foundation Model’ project, an initiative spearheaded by the Ministry of Science and ICT (MSIT). This collaborative effort aims to create a robust full-stack…
Rodrigo Pizarro has been announced as the new Chief Executive Officer for L’Oreal Korea, effective immediately. Pizarro brings an impressive 30-year experience from within the L’Oreal organization to the role. Three Decades of L’Oreal Experience Pizarro’s…
South Korea is gearing up for a significant boost in its nuclear power generation, with projections indicating an increase to 222.7 terawatt-hours by 2035. This growth reflects a compound annual growth rate (CAGR) of 2.4% from 2024 to 2035, according to…
In South Korea, the rise in food prices has led to an increase in demand for ultra-low-cost products, specifically those priced under 1000 won. This surge in demand has prompted convenience stores to grow their range of super-value items. 7-Eleven’s…
In the week following the introduction of government-issued consumption vouchers, South Korea’s convenience store chains reported a significant rise in sales. The four major chains – CU, GS25, 7-Eleven, and Emart24 – witnessed an increase of more than 10% in…
Approximately 40% of significant online shopping portals in South Korea utilize proprietary algorithms to order product reviews, but the metrics behind these rankings are not publicly disclosed. This lack of transparency has caused some concerns about…
CJ Foods Oceania, a division of the international CJ Group, has introduced its Bibigo Korean-Style Fried Chicken line, produced and procured locally in Australia. New Korean-Inspired Chicken Range Launched The Bibigo Korean-Style Fried Chicken range boasts…
As South Korea experiences an intense summer marked by unprecedented heatwaves and monsoon downpours, there’s been a noticeable uptick in customers choosing to spend their leisure time indoors. This trend, known as “mallcations,” is resulting in a significant…
South Korean eyewear brand, Gentle Monster, is poised to make its debut in Canada with a flagship store set to open later this year at the Yorkdale Shopping Centre in Toronto. The store, which will span over 5,300 square feet, is located in the luxury wing of…
The South Korea-based conglomerate, Hanwha Group, is reported to be contemplating the sale of FG Korea, the operator of the American burger franchise Five Guys in South Korea. FG Korea and Hanwha Group FG Korea functions as a fully-owned subsidiary of Hanwha…
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