Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
China’s frosty economic relationship that includes the travel and tourism exchange with South Korea started to show early signs of a turnaround in recent days. According to reports, the long-stagnant economic relationship between South Korea and China,…
With digital payment methods taking the world by storm, Visa is taking it in a new direction. The company is launching a line of three wearable devices that support contactless payments for fans and athletes attending the 2018 Winter Olympics in PyeongChang,…
E-Mart Inc., South Korea’s largest discount chain operator, said Thursday its beauty brand will open a store in Saudi Arabia next year, as the retailer attempts to expand its presence in the overseas market. The company said it signed an agreement with the…
Future Robot’s latest model at the company’s headquarters in Seongnam, near Seoul, South Korea. The company creates “social AI”: robots that interact with people by interpreting emotional responses, either through facial expressions or tone of speech, and…
Korea domestic fashion market is expected to reach 44.32 trillion won, up 3 percent in 2018. Korea Federation of Textile Industries predicted that the fashion market will recover in the next year as the Consumer Confidence Index is improving in the second…
The estimated revenue of South Korea’s customs authorities is projected to more than double next year due to a surge in licensing fees for duty-free shops, a report said. According to the report by the National Assembly and related government agencies, the…
Asia Pacific, particularly China, was best dressed for Italian luxury brand Salvatore Ferragamo as it foundered overall in negative territory for the nine months to the end of September. Asia Pacific was its top market, with revenues growing by 2.8 per cent…
In 2013, L’Oréal Group, one of the world’s top cosmetics makers, launched an advanced skin care system for cleaning and firming for Korean women, who are known for their intensive skin care routines. Since then, global electronics makers, including Philips,…
The sales growth rate of Louis Vuitton has backtracked in 2017 at the nation’s major department stores, losing its market prestige as one of the most desired luxury brands, industry sources said on 13 November 2017. According to market insiders, sales of the…
Unmanned convenience stores are slowly making their way in South Korea and may significantly change or eliminate jobs behind the counter. Due to a steep rise in the minimum hourly wage, which will come into force next year, and advancements in technology,…
Lotte, Shinsegae and other retailers in Korea have been shifting their focus to Southeast Asia as it has become difficult to conduct business in China amid deteriorating Korea-Sino ties. The increasing number of middle-class consumers in Vietnam and other…
Other than the iPhone 8, Sony Xperia XZ1 Compact and their predecessors there haven’t been many high-end compact phones in recent years, but Samsung could be about to add to the list with a Samsung Galaxy S9 Mini. Known leaker I ice universe has said as much…
Incheon International Airport plans to open its new terminal on 18 January 2018, about three weeks before the start of the PyeongChang Winter Olympics, the airport’s operator said. The opening date of Terminal 2 was set based on the consideration that the…
Louis Vuitton Korea has fallen behind its rivals, with sales dipping into minus territory this year, industry data shows. Sales at a leading department store for the international fashion house for the January-October period backtracked 5.3 per cent. Demand…
South Korea department store retail sales recorded an increase in September 2017 on the back of strong online sales, a government report showed. The Asian nation’s major retailers registered an increase of 8.4 percent in September from a year earlier,…
Mongolia recently got its second E-mart, the discount chain of Korean retail giant Shinsegae. Unlike the first store, which has its own building, the second store is renting 5,000 square meters on the first and second floors of the Solo Mall in western…
Weekly Briefing
Tuesday, Thursday and a Saturday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.