Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
SK Telecom has partnered with Macquarie to fully acquire domestic security service firm ADT Caps for 1.276 trillion won ($1.18 billion), the South Korean mobile giant announced. SK Telecom will buy 55% stake in Siren Holdings Korea, the company that holds…
The South Korean government has announced plans to hold an auction for 3.5-GHz and 28-GHz 5G spectrum on June 15. The government has also decided to go with its first proposed option of distributing the spectrum evenly among the nation’s three operators – SK…
South Korean operators are protesting the government’s proposed introduction of a “universal fare plan” that would require the market’s top operator to provide a low-cost plan to help households reduce mobile costs. The government is planning to revise the…
Lotte Shopping is trying to offload its department store annexed to Anyang train station, 20km from Seoul. It is said to be in the final stage of closing a deal with shopping mall group Enter Six to either sell or transfer its lease rights on the store,…
Korean dessert chain Sulbing will expand into Canada via franchising. The chain has signed a deal with a Canadian firm to open the first store in Vancouver by the first half of this year, followed by more stores in major Canadian cities. The chain is also…
South Korean police are reportedly questioning KT chairman Hwang Chang-gyu over suspicions that the operator made illegal political donations in exchange for favorable legislation. Police believe that KT made donations to lawmakers sitting on the…
Fashion retailer Joyce has joined forces with innovative Japanese design label Ambush for an exclusive capsule collection. The Ambush fashion label was founded by Japanese/Korean hip-hop artist Verbal and his graphic artist wife Yoon, with its clothing…
Korean cosmetics brand Innisfree has opened its first pop-up store, inside Saigon Center in Ho Chi Minh City, from now until Sunday. Called New Hydration Station, the Innisfree Vietnam pop-up introduces the brand’s new green tea range through different…
Samsung Electronics will launch televisions using MicroLED next-generation display technology by the end of the year, with price tags that could reach $300,000. Samsung will be able to work flexibly with customers on screen size, thanks to the modular design…
MSGM China has opened its second store, a boutique in SKP Beijing. The Italian fashion label’s 15th store, it offers menswear, womenswear and accessories. The 100sqm space features flexible iron display structures, geometric neon lighting and Carrara and…
General Motors workers in South Korea forced their way into company executive offices, destroying and removing furniture, shortly after the automaker’s local unit told employees that there will be no bonuses due to a cash crisis. A video posted on YouTube…
Voice recognition ordering has been introduced by Starbucks Coffee Korea, thanks to a 50/50 JV between Starbucks Coffee International and Shinsegae Group. Starbucks Coffee Korea has become the first retailer to use Samsung’s intelligent assistant Bixby,…
South Korean retail giant Lotte opens a dedicated game products store in Seoul tomorrow amid a rapid growth of the country’s computer game industry. Lotte Shopping Co said it has remodelled its el Cube store in Hongdae, western Seoul, into a shop exclusively…
South Korean department stores are ramping up efforts to attract male customers, whose growing numbers are changing the retail landscape. According to data from Shinsegae Department Store, male customers, which accounted for 28.1 per cent of customers in…
n March 29, 1988, the McDonald’s franchise opened its first location in South Korea in Apgujeong-dong in the southern part of Seoul. The country was already awash in Olympic fever with the summer games set to open later that year in September as hundreds…
JD Sports Fashion Korea will launch with a store in Seoul’s Gangnam district on Friday week. It is the British sports fashion brand’s first venture into the Northeast Asian market since forming a JV with Korean retailer Shoemarker in September. By the end of…
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