Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Swedish fashion brand Acne Studios is about to launch a 48-hour online pop-up store offering a handpicked selection of its classic style, show pieces and exclusive items. Discounts of up to 75 per cent are being offered during the retrospective, which…
AirAsia X considers North Asia, namely, China, Japan, and South Korea, as its new market for growth, said AirAsia. Due to the scarcity of resources, the long haul budget airline will also be rationalising its routes by reallocating some of the current…
South Korean shoppers set a new record for the volume of purchases made through mobile devices during September. Government data says mobile transactions through smartphones and tablets reached a new high of 4.04 trillion won (US$3.5 billion) in August, up…
Established eight years ago, Singapore food brand SaladStop! is about to launch into Korea. It opens in Seoul next month, about the same time as its first non-Asia location, in Barcelona. The brand has 19 outlets across Singapore, 12 in the Philippines, three…
Amazon has revealed plans to help South Korean sellers make international sales via its Amazon Global Selling program. Amazon laid out its plans during its first press conference in South Korea dubbed the ‘Global Selling Conference’, which was held at COEX…
Luxury travel retailer DFS Group is collaborating with Hong Kong luggage brand Ookonn to launch a dedicated pop-up store at T Galleria by DFS, Canton Road. The pop-up, to open next week, will showcase Ookonn’s signature patented round rolling luggage. It will…
Stocks reversing steep losses as investors shake off the latest North Korean threat. Plus – after the storm – The CEO of Waste Management, a Houston-based company, tells us how the city and its businesses will recover. And – Gold is on fire – but is too late…
UberEATS, a food delivery service app run by ride-sharing pioneer Uber Technologies Inc., finds big growth potential in South Korea’s food delivery market due to its advanced wireless networks and growing orders on mobile phones, a senior company executive…
British sportswear retailer JD Sports Fashion has formed a joint venture to enter the South Korean market. It is partnering with footwear retailer Shoemarker and its J&S Partners unit, which trades as Hot-T . It has bought an initial 15 per cent of Hot-T fo r…
South Korea’s Hyundai Motor Co launched its first new sedan under the premium Genesis marque in Seoul on Friday, hoping to cement the brand’s place in the luxury segment and make up for its lack of a strong SUV line-up. U.S. pop singer Gwen Stefani will…
South Korean operators’ plans to take an early lead in the deployment of 5G is expected to help them overcome stagnating traditional telecoms service revenues, research from GlobalData indicates. The market’s 5G subscriber base is expected to outnumber the 3G…
Starbucks Korea is expected to exceed a record 100 billion won (US$88.4 million) profit this year as the US coffee chain’s popularity booms. Industry sources told Yonhap news agency that the 50-50 joint venture between retail conglomerate Shinsegae and the US…
Asics Korea (CEO Kim Jung Hoon) has opened the largest flagship store in Busan, Korea. The store is three stories, and the whole front is made with a full glass, which make customers can see various products in the store from the outside. Especially, this…
Hit by the absence of Chinese tourists over South Korea’s deployment of a politically charged THAAD missile defense system, the future of Seoul’s largest shopping district Myeongdong is shrouded in uncertainty. Reports of the economic damage caused by the…
Ikea Korea’s second store will be in Goyang, opening on October 19. “We had heard from customers that they wanted us to come closer to them, and that sometimes our store is too crowded,” says Ikea Korea retail manager Andre Schmidtgall. He says the store is…
The Internet of Things will represent a $1.8 trillion revenue opportunity for mobile operators by 2026, thanks in part by the early deployment of commercial low power wide area (LPWA) networks in licensed spectrum, according to the GSMA. Research conducted…
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