Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Japanese’s famous multi-brand ‘Atmos’ opened its first store in Korea. Atmos is a fashion multi-brand store currently running 30 outlets in Japan. Seoul is its second overseas store after New York. Atmos is Tokyo’s iconic street boutique established in 2000.…
Chanel opened its first independent beauty boutique ‘Chanel Famille Boutique’ in Shinsegae Department Store, on 15th Pamier Street in Gagnam. Chanel Famille Boutique is Chanel’s first beauty flagship store in Korea, where customers can experience different…
Shinsegae Department Store Beauty multi-shop ‘CHICOR’ opens the largest flagship store in Gangnam Station. Gangnam is the 6th store and the first road shop after Daegu, Gwangju, and Goyang. CHICOR Gangnam is opened in the main street of Gangnam Station which…
Korean company Odd Concepts is using artificial intelligence to help consumers broaden their search for fashion items to match their tastes – even if the clothes are hanging in a store. Used by fashion e-commerce sites, its cloud-based image-search program…
Bitcoin has been hailed as the greatest technological innovation of our time, yet it seems South Korea, one of the most technologically innovative societies, is now not only giving up its role as a leader in the field but aggressively fighting the trend. Some…
Bitcoin has tumbled after South Korea announced new rules for trading. In order to curb the widespread speculation growing amongst investors, the new regulations could include the prohibition of anonymous trading accounts operating within the country with…
South Korea’s investment in the service sector has been focused on low value-added areas, such as wholesale, retail and restaurants, official data showed Monday. The gross fixed capital formation (GFCF) for the service sector was tallied at 256.1 trillion won…
South Korean retail sales were up by more than 9 per cent in November from a year earlier, led by strong demand for products from online malls and convenience stores, new government data shows. Ministry of Trade, Industry and Energy figures show that the…
GS25 Vietnam says it will open its first store in Ho Chi Minh City in mid-January, after a two-month delay. Three more stores will open soon afterwards. Last July, GS25’s parent company GS Retail signed a JV agreement with Vietnam’s Son Kim group to open 2500…
Japanese and Korean banks are to run pilot trials of real-time cross-border funds transfers over the Ripple network. The Japan Bank Consortium — a coalition of 61 banks in Japan, organised by SBI Ripple Asia — has announced the launch of a new Ripple pilot…
Currently, many cryptocurrency exchanges (including South Korean ones like Kucoin) allow trading with little more than your name and an email. Bitcoin appeared to find a bottom on Friday, rebounding to $15 000 after moves by South Korea to curb speculation…
South Korea’s investment in the service sector has been focused on low value-added areas, such as wholesale, retail and restaurants, official data showed Monday. The gross fixed capital formation for the service sector was tallied at 256.1 trillion won…
The South Korean Fair Trade Commission (FTC) is reportedly investigating 13 major cryptocurrency exchanges in the country for violations of consumer laws, such as electronic commerce laws and contract laws. The investigations came after the bankruptcy…
Independent oil player Seaoil Philippines Inc. has taken in Caltex Australia Petroleum Pty Ltd. as long-term strategic partner for its expansion program. In a statement, Seaoil said it has signed a definitive agreement that forges a strategic partnership with…
President Moon Jae-in’s drive to give South Koreans their “right to rest” by slashing work hours is making little headway as lawmakers haggle over pay rates for weekends. While the long hours were once considered necessary to fuel rapid economic growth, the…
Korean chain Pizza Maru soft launches in Singapore today with its debut store at Northpoint City in Yishun. Pizza Maru is known for its patented green-tea wellbeing pizza dough, which is fermented for more than 48 hours with micro-algae chlorella as well as…
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