Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Hyundai Card Co. Ltd., a pioneer in the South Korean fintech space, is steering its global ambitions with a sharp focus on data science, dedicating over 30% of its annual operating income to enhance its capabilities in this arena. The company is not just…
In a striking shift within South Korea’s banking landscape, deposits and household loans surged in June 2025, surpassing previous month’s figures, according to the latest data released by the Bank of Korea (BOK). This trend reflects an increasing consumer…
Bunjang, South Korea’s leading C2C secondhand marketplace platform, reaffirmed its commitment to Singapore as a strategic growth engine in its broader Asia strategy. The company is launching targeted marketing efforts for Singapore users via Global Bunjang –…
In June, Louis Vuitton Korea experienced a systems breach that resulted in the exposure of certain customer data, including contact information. However, the company’s South Korean division clarified last Friday that the breach did not compromise customers’…
The United States is on the verge of finalizing a series of trade agreements, with higher tariff rates set to be communicated to various countries by July 9, as announced by President Donald Trump on Sunday. These new tariffs are scheduled to come into effect…
South Korea’s retail sector demonstrated remarkable resilience in May 2025, achieving a 7% year-on-year growth, spurred primarily by an ongoing boom in online sales. Data from the Ministry of Trade, Industry and Energy (MOTIE) revealed that this robust…
In a decisive move to bolster public confidence and enhance its cybersecurity measures, SK Telecom has unveiled a substantial KRW 700 billion (approximately USD 500 million) investment plan. This initiative comes on the heels of a significant cybersecurity…
In a bold move that underscores its commitment to innovation, Kolmar Korea is cementing its foothold in the global skincare arena by harnessing the power of traditional Korean ingredients. The rising tide of consumer interest in natural, ingredient-centric…
In a striking move that underlines its ambition to reshape the retail landscape in Asia, IKEA has announced plans to establish a significant new presence in South Korea. Following the successful unveiling of its first store in 2004, the Swedish furniture…
Southeast Asia’s blind box obsession is now mainstream, and POP MART is at the heart of it, fuelling demand with exclusive IPs, sought-after collectibles and even real-life fan events. The global designer toy brand, best known for turning characters like…
Retail giants across Asia are diving deep into the realm of experiential shopping, and the recent emergence of live-streaming commerce is reshaping the retail landscape. As consumer preferences evolve, companies are jostling to innovate and offer a more…
South Korea’s mobile service revenue is on an upward trajectory, poised to increase at a compound annual growth rate (CAGR) of 2.5%. This rise will see revenues escalate from USD 21.6 billion in 2024 to USD 24.5 billion by 2029, according to the latest report…
The Seoul Bankruptcy Court has given the green light to the sale of South Korean grocery retailer, Homeplus. The decision was driven by a need to generate capital for debt repayment and to safeguard jobs within the company. Earlier this year, MBK Partners,…
As the retail landscape in Asia continues to evolve at a rapid pace, the spotlight shines on innovative marketing strategies and the power of community engagement. Major players in the retail sector are embracing the digital age, maximizing their reach…
Samsung Electronics announced sharply lower earnings for the fourth quarter, an earnings “shock” that suggested that the “supercycle” in the global semiconductor market is nearing an end. Preliminary 2018 performance numbers released Tuesday predicted the…
A few days ago, the mid-range tablet of the Korean tech giant, the Samsung Galaxy Tab A (2016), officially made it to its home market in South Korea with a retail price of $430. While the tablet has a lot of market and sales potentials outside of South Korea,…
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