Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Shinsegae is going all out to acquire licenses to operate duty free shops at Incheon International Airport after its rival Lotte’s bid fell through. The bid is understood by many as Shinsegae‘s aim to expand its presence in the still lucrative and growing…
Retro games such as Pacman and Pong take on a new twist at the Coco Game Center in Pacific House until June 18. After last year’s hit Coco Cafe, Chanel Beauty has followed up with another fun beauty concept. With previous stops in Seoul, Tokyo, Shanghai and…
Samsung Electronics shares shot up 2.42 percent on Thursday over the previous day to close at 50,700 won ($47), largely due to two of the chaebol’s financial affiliates selling their stakes in the tech giant on Wednesday. The market sees the sale as a step…
The outlook for Korea’s top automobile manufacturers has started to look up as overseas sales increase. It wasn’t all rosy, however, as GM Korea, which has been struggling to stay afloat since the beginning of the year, saw sales continue to fall. Hyundai…
Hyundai Motor on Friday announced plans to join Gwangju’s city-owned automobile factory project, and the automaker’s labor union is putting up a fight over the plan’s potential effect on employees’ wages. Korea’s largest automaker said that it submitted a…
Korean foods retailer CJ CheilJedang has opened its first “home meal replacement” (HMR) store, called CJ Olive Market, in Seoul. The 443sqm store is located at CJ CheilJedang headquarters building, and is divided into two areas – a restaurant where customers…
Asia proved the strongest growth market for premium apparel and accessories retailer Michael Kors last year, offsetting ongoing weakness in its largest market, the Americas. Asian sales increased 17.5 per cent to US$137.7 million in the fourth quarter and…
Lotte, the South Korean retail giant, has announced the unification of all its fashion businesses under the group’s apparel affiliate to secure competitiveness in the local fashion industry. This new approach to pursue the efficiencies derived from…
South Korean retail conglomerates like CJ, Lotte and Shinsegae are catering more and more for pet owners as market demand grows. They have opened pet shops that offer products and services ranging from food and grooming services to even lodging for pets. They…
Sales of hybrid vehicles made by Hyundai Motor and its affiliate Kia Motors in the United States rose 7 percent in the first four months of this year from a year earlier, industry data showed Sunday. The two Korean carmakers sold a combined 15,930 hybrid…
Industrial robot company Hyundai Heavy Industries Holdings (HHI Holdings) inked a partnership with tech giant Naver on Monday to develop customer service robots that will sell for a fraction of the price of existing models. HHI Holdings, the holding company…
Samsung C&T, the construction arm under the electronics giant, plans to make homes that are so smart they can recognize residents’ needs even before they call out for help. When this guests stepped into the 54-pyeong (1,921 square-feet) model house of Samsung…
Department-store sales in South Korea rose this month with several family-oriented holidays and special occasions, retail industry data shows. Children’s Day, which falls every May 5, a substitute day off and May 8 Parents’ Day all contributed to more…
Tiffany & Co Asia-Pacific sales soared 28 per cent in the first three months of this year helping the New York-headquartered jewellery retailer achieve a 53 per cent lift in profit. The company’s worldwide net sales increased 15 per cent to $1 billion, with…
GM Korea, the Korean unit of General Motors, will bring in more Chevrolet models produced outside the country if local demand rises, a company executive said Wednesday. “Chevrolet is a global brand. We have a very diverse portfolio. We will make sure that…
Budget airlines flew high in the first quarter, with combined operating profits soaring to more than double the figure inked in the same quarter last year. Combined operating profits from Korea’s six low-cost carriers (LCC) – Jeju Air, Jin Air, T’way Air,…
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