Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
South Korea’s GS25 convenience store chain is about to make its Vietnam debut after forming a joint venture with Son Kim Group. Vietnam will be GS25’s parent GS Retail’s first foreign market, with the first store scheduled to open before the year ends. “We…
CJ Express, which runs convenience stores and supermarkets, plans to invest THB4 billion (US$120 million) in doubling the size of the business. Its aim is to be earning THB20 billion in sales by 2020, says MD Sathien Setthasit. He says about THB3.7 billion…
Williams-Sonoma has opened its first stores in Seoul, South Korea under its strategic franchise agreement with home goods retailer Hyundai Livart Furniture. Pottery Barn and Pottery Barn Kids opened a combined store and West Elm opened a store at Hyundai City…
South Korean cosmetics company AmorePacific has reported a -58% fall in operating profit and a -16.5% drop in sales in Q2 2017, compared to the same period in 2016. Net profit plummeted by -59.8% year-on-year. Operating profit was KW101.6 billion (US$91.13…
SK Telecom more than doubled its net profit during the second quarter due to factors including a record performance at chipmaker SK Hynix. The operator reported a net income of 620.5 billion won ($555.06 million), up 113.2% year-on-year. Revenue meanwhile…
Premium multi-brand Korean fashion boutique K-Style Lab has opened its second Hong Kong pop-up store, in Hollywood Road in Central. ts K-Style Wardrobe pop-up presents edited collections of one-off pieces and lifestyle products from such Korean designers and…
Lacoste has bolstered its Asia Pacific presence with the opening of a 38 square meters store at Lotte Duty Free World Tower in Seoul. The new store reinforces Lacoste’s aim to strengthen and expand its presence in new geographical areas and find new ways of…
The forecast for 2017 marks the strongest projected growth of the South Korean economy since GDP expanded by 3.3 percent in 2014. South Korea said Tuesday its economy is set to grow at its fastest rate in three years in 2017, on the back of strong exports and…
CapitaLand Mall Trust had net property income of S$117.5 million (US$86 million) for its second quarter to the end of last month – 1.2 per cent higher than the $116.1 million for the same period last year. “Notwithstanding the challenges in Singapore’s retail…
SK Telecom has developed a prototype of an ultra-compact quantum random number generator (QRNG) chip configured with entropy source and a deterministic random bit generator (DRBG). A QRNG generates true random numbers without any kind of pattern, meaning that…
Online shopping is experiencing a growth surge, accounting for close to 20 percent of all retail sales in the first quarter of this year. Retail transactions in the three months to March totaled 96.56 trillion won (US$85.83 billion), a growth of 4.7 percent…
To continue to meet growing demand for its lift trucks and fleet management technology, Crown Equipment to upgrade its South Korean operations with a move to a larger facility in one of the country’s fastest growing logistics hubs. Located in Icheon,…
“The Korean duty-free industry may see a drop in on-year annual sales in 2017, which would make it the first decline in 14 years, according to data from the customs regulator Sunday.” Since the outbreak of the Severe Acute Respiratory Syndrome virus in 2003,…
Korea has leaped into being one of Asia’s leading economic powerhouses in less than a century after the post-war devastation back in the early 1950s. Many attribute the rapid growth to the nation’s tough working culture — represented by an obsession to…
South Korea, Singapore, New Zealand and Australia are the most IoT prepared countries for the IoT, according to IDC. The research firm’s Asia Pacific (excluding Japan) IoT Readiness Index ranked 13 APeJ nations (mix of developed and developing) across 13…
Kmart CEO Ian Bailey is expecting increasingly cash-strapped consumers to show out in force for his latest round of price cuts, as the DDS chain looks to a customer-first strategy that widens its price differential with competitors. The discount department…
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.