Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
A little-known South Korean group is in advanced talks to acquire a stake in AirAsia Bhd’s aircraft leasing unit, according to three people familiar with the matter. Two of the people said a deal would value AirAsia’s fully-owned unit, Asia Aviation Capital,…
China blocked the screening of Korean films at the upcoming 7th Beijing International Film Festival, the latest retaliatory measure against Seoul for the deployment of a U.S.-led antimissile system. Film industry sources confirmed Tuesday that Korean films…
SE“The last four or five months have been complete chaos,” admits Jung Kuho, executive director of Seoul Fashion Week. “Everyone is so concerned with politics and the economy that they don’t want to spend their money. You don’t buy luxury goods when there’s…
Last week, Korea’s largest mobile game developer, Netmarble, applied for its highly anticipated public listing on the Korea Exchange. The IPO has generated buzz not only because of the promising investment it’s set to raise but also because it will be the…
Tumbling turnover and gross profit margin have flipped an operating profit to a loss for beauty and healthcare retailer Bonjour Holdings. Its turnover for last year fell 12.8 per cent to HK$1.995 billion (US$256.8 million), while its gross profit margin…
Sarawak Energy’s operation and retail arm Syarikat Sesco Bhd (Sesco) introduced payment kiosks to members of public on Wednesday. According to a press release, the latest initiative from the state utility company is part of its continuous innovation and to…
British fashion technology start-up Metail has signed a partnership agreement with Benit, the technology arm of South Korea’s fourth largest conglomerate Kolon. The deal means Metail’s technology, which allows consumers discover, shop and “try on” clothes…
Tesla has completed the installation of three Destination Chargers at Shinsegae department store in the Gangnam, Seoul. The move follows the opening of two showrooms in the city last month as the brand picks up momentum with its South Korean operations. It…
Shin Kyuk-ho, founder and general chairman of the Korean retailer Lotte, has been removed from his company by shareholders, solidifying the succession of his second son, Shin Dong-bin, and coming closer to ending a family feud that started in 2015. Lotte is…
Thousands of riot police were deployed for a soccer showdown Thursday night that was more than the average grudge match. The World Cup qualifying game in Changsha pitted hosts China against South Korea. It also whipped up Chinese nationalist sentiment at a…
Italian fashion label Emilio Pucci has opened in Seoul its first store in South Korea, in Seoul. On the third floor of Galleria Luxury Hall East, the store carries the brand’s ready-to-wear range, silk accessories, handbags, shoes, small leather goods and…
South Korea has taken over Singapore to become Vietnam’s biggest foreign investor in the first quarter, with investment totaling $3.74 billion, or 48.6 percent of the total foreign direct investment (FDI) pledged for the period, the Vietnamese government said…
A unit of Lotte Group, a South Korean retail giant currently receiving the brunt of China’s apparent economic retaliation in protest over Seoul’s deployment of a U.S. missile defense scheme, said Friday that it plans to raise a total of 360 billion won…
Hong Kong-headquartered youth fashion brand 6ixty8ight has chosen South Korea for its first international foray outside Greater China. The company will open a flagship store in Myeongdong, downtown Seoul, at 992 sqm, its third largest footprint. A second…
European luxury online retailer MyTheresa.com is launching a Korean-language site. Selling luxury womenswear and accessories from such brands as Chloe, Gucci, Miu Miu and Stella McCartney, the e-tailer says it has seen “huge growth potential” in South Korea.…
The skyscraper built by South Korean retail giant Lotte Group is due to open early next month, the group’s operating unit said Tuesday. The 123-story Lotte World Tower will officially open to the public from April 3, housing offices, luxury residence and a…
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