Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Perry Ellis International has granted Good People a licence to produce its men’s underwear and loungewear under the Perry Ellis Portfolio trademark in South Korea. Founded in 1991, Good People makes and wholesales underwear and loungewear products for men,…
Sweden commercial vehicle manufacturer Scania said Korea will remain strategic to its Asian business, particularly due to the advanced technology and high environmental regulations imposed on cars. “There’s a saying that if you can manage Korean standards,…
Ecommerce platform Coupang has opened what it says is the largest Korean online toy store specialising in Steam (science, technology, engineering, arts and mathematics) education. The new theme store offers more than 390,000 Steam education items at low…
Italian luxury house Gucci opened the doors to its renewed Korean flagship store in Cheongdam, Southern Seoul, giving fashionistas a new reason to visit the neighborhood. The three floors of the shop carry the brand’s most popular items, from bags, wallets…
A new study has revealed that Korean shoppers embrace the cold winter climate – but not much beyond minus 5 degrees. Supermarket operator E-Mart says the number of customers peaks during winter when the temperature hits minus 5 degrees Celsius, also known as…
The chairman of South Korea’s Lotte Group has resigned as the chief executive of its Japan-based holding company, following his conviction for bribery charges last week. Lotte Holdings held a board meeting on Wednesday and accepted Shin Dong-bin’s…
Starbucks Korea recently issued commercial papers worth 30 billion won (US$28.07 million), possibly to further speed up its domestic expansion, according to news reports on Feb. 19. Seattle-based Starbucks is the nation’s No. 1 specialty coffee chain with…
Hana Financial Group (HFG) (Chairman Kim Jung-Tai, www.hanafn.com) announced it signed a memorandum of understanding (MOU) with Oracle in Singapore yesterday under which Oracle will work with HFG in the building and joint marketing of HFG’s Global Loyalty…
Sales of imported beer at South Korean convenience stores have risen sharply, store operators Sunday, as more consumers opt for variety and a growing number of people drink at home. BGF Retail Co., the operator of CU, South Korea’s largest convenience store…
Lotte Group, parent of the country’s leading travel retailer Lotte Duty Free, is reeling from the shock jailing of its Chairman Shin Dong-bin on 13 February 2018. Following a Seoul Court’s guilty verdict and simultaneous sentencing of 2 1/2 years in jail to…
On January 31st, 2018, Bolloré Logistics Korea became the first transport and logistics company in South Korea to independently achieve the International Air Transport Association (IATA) as Center of Excellence for Independent Validators in Pharmaceutical…
Aiming at a young demographic, the Samsung Digital Plaza has been reimagined for its launch in Yongin City, Korea. On the ground floor of a metal-covered three-storey building, the 1255sqm store offers its goods in a context that echoes the home. The…
For Chinese tourists traveling South Korea, paying for a grande latte at Starbucks is now as easy as showing your smartphone. Ant Financial, which now Alibaba a 33% stake, said Sunday its Alipay e-wallet service is now available at over 1,150 Starbucks…
E-commerce platform Coupang has opened an online store specialising in hanbok, Korean traditional clothing. Even babies and pets are catered for with the hanbok range, which also includes hanbok accessories such as hairbands, daenggi (ribbons for braided…
Hermes international sales showed strong growth last year, pushed by an upward curve in Asia. Sales for the French fashion brand were up 9 per cent at constant exchange rates, with consolidated revenues reaching €5.5 billion (US$6.7 billion). After adjustment…
Lotte Shopping Co., the retail affiliate of South Korea’s fifth-largest conglomerate Lotte Group, said Thursday it swung to the red in 2017 from a year earlier amid a diplomatic row between Seoul and Beijing over the deployment of a U.S. anti-missile system…
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