Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
South Korean online mall sales growth has decelerated as competition grows more fierce, government data shows. There was a 3.6 per cent increase in the combined revenue of 26 offline and online retailers to 10.22 trillion won (US$9 billion) in July, according…
South Korea’s Hyundai Motor (005380.KS) said it had suspended production at one of its China factories on Tuesday after a supplier refused to provide parts due to delays in payment – its second such incident in as many weeks. Frayed relations with suppliers…
South Korean stocks closed 0.13 percent lower Tuesday on concerns over North Korea’s nuclear provocations, but the decline slowed compared to previous sessions as investors engaged in bargain hunting, analysts said. The Korean won sharply fell against the US…
South Korea’s first lifestyle and hotel complex will open on October 1 in Seoul’s Yongsan District, which is known for its shopping centres and nightlife. Launched by AccorHotels, The Seoul Dragon City will have 1,700 rooms and 11 restaurants and bars under…
South Korean F&B giant SPC Group has ambitions to expand its US business fivefold by 2020. Chairman Hur Young-in unveiled his plans when meeting in Seoul this week with US foreign affairs committee chairman Ed Royce and congressman Ami Bera. The two…
South Korea’s mobile operators have reportedly decided against taking legal action over the mandated subsidy hike for regular telecoms subscriptions. The ICT ministry this month instructed operators to implement a 25% discount rate for regular new…
South Korean conglomerate, Dongbu Group, has announced a partnership with Bitcoin remittance service provider Sentbe in its bid to enter the Bitcoin remittance market. The group is collaborating with Sentbe through its savings bank subsidiary, the Dongbu…
Samsung Electronics started marketing for ‘Galaxy Note 8’ in South Korea and the U.S. Expectations for its popularity are rising as consumers are continuously visiting cellphone stores in South Korea and the U.S. Release date of Galaxy Note 8 is the 15th of…
South Korean mobile operator’s SK Telecom, KT and LG Uplus are considering taking the government to court over an order to increase discounts for new subscribers. The operators last week received a formal order to implement a 25% discount rate for regular new…
Starbucks Korea is to partner with the country’s largest telco in a trial of voice ordering using AI. If it works, Starbucks customers will be able to order and pay for a coffee just by speaking, speeding the payment process. SK Telecom Co says the trial will…
Kakao Taxi is the most popular cab-hailing app in South Korea, dominating 98 percent of the market, while the food delivery app sector is fiercely contested by two rivals, according to a survey on Tuesday. Market analysis company Open Survey polled 1,500…
US concept restaurant Bruxie has taken its fried chicken and waffle sandwich international, launching a branch in South Korea. Its headquarters are in Orange County, California, where it opened its first location almost seven years ago. The fast-casual dining…
Hanwha Galleria Duty Free Shop opened German luxury watch Nomos store on Aug 17. Hanwha Galleria Duty Free Shop was the first Korean Duty Free business to launch luxury brands such as Golden Goose, Stefano Ricci, LAUNER LONDON and Corneliani, and succeeded in…
Under the unique brand philosophy of ‘Backpacks should be as easy to wear’, Gregory has opened the first flagship store in Sangsu dong, Seoul. Based on its ergonomic design and state-of-the-art technology, Gregory has been becoming a brand with a new category…
SK Telecom has developed and trialed a new 5G repeater as part of its preparations towards launching a commercial 5G network. The repeater has been applied to the operator’s 5G trial network near Gangnam Station in Seoul to provide denser coverage. It has…
In April 2017, BMW Korea opened a new regional parts distribution centre for BMW, MINI and motorcycle spare parts in Anseong, Gyeonggi Province, 70 kilometres south of Seoul. GEODIS is entrusted with the logistics of this over 50,000 sqm site, one of BMW’s…
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