Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Though Apple is working on launching Apple Pay in South Korea, the mobile payments system is still some ways out —and the company has yet to hold a critical meeting with the government, according to a local report. A legal director and a senior counselor from…
H&M brand & Other Stories will have a double debut in South Korea next month. It is opening its first two stores for Asia in Seoul – in Ajotei and Starfield Henan – following stablemate Cos and H&M itself into Korea. Founded in 2013, & Other Stories opened in…
CJ-CGV has quickly emerged as the dominant cinema chain with more than half of the market share. South Korean multiplex chain CJ-CGV, which currently has 38 cinemas and 247 screens in Vietnam, managed to triple its net profit last year to VND93.4 trillion ($4…
Vietjet is to open its new international route from the central Vietnamese city of Danang to Seoul (Korea) in a bid to meet the increasing travel demand of tourists, businessmen and individuals between the two tourism-attraction cities. The new route will…
South Korea’s E-mart has launched Marie’s Baby Circle – a new baby brand, created by UK-headquartered Dalziel & Pow. The concept aims to place new and expectant parents centrestage, providing everything they need to enjoy their pregnancy and prepare for…
The Korean energy drink Hot 6 will take on Red Bull and Monster in the American market from this month. Lotte Chilsung Beverage said Thursday, it will start selling the caffeinated drink from this month in the U.S., starting in on the West Coast. The company…
Shinhan Indo Finance Ltd (SIF), a subsidiary of South Korean credit issuer Shinhan Card, has launched its first credit card on the Indonesian market. The “ShinhanIndo Card Hi-Cash” comes in four different types to reach consumers from all segments, especially…
Across the road from the pentagonal arena which will host South Korea’s Winter Olympics opening ceremony a year from Thursday, bundles of dead fish dangle from a wooden frame outside Lee Yong-Oon’s shop. Most venues for the 2018 Pyeongchang Games are…
South Korea’s duty free industry saw total sales grow by +30.9% or $2.5bn to a record-breaking $10.6bn in 2016, although senior sources in Seoul tell TRBusiness that sales growth is expected to slow to between 10% to 15% in 2017 – resulting in incremental…
South Korean motorists pay much higher oil taxes than their counterparts in the United States and Japan, a report said Monday, sparking calls for the government to lower them. According to the report by online crude price provider Opinet, gasoline prices in…
GS Retail Co., a retail unit of South Korean conglomerate GS Group, will take over additional 50 percent stake in the Korean unit of drug store franchise label Watsons from Hong Kong-based A.S. Watson Group to make it its fully-owned entity, the company said…
Korea’s popcorn soft-serve ice cream brand Sweet Monster has arrived in Indonesia as the first F&B retail venture of Indonesian brand group Time International. It has launched stalls in Project X Plaza Indonesia and Pondok Indah Mall 2 in Jakarta, featuring…
AmorePacific Group’s yearly operating profit surpassed 1 trillion won in 2016 for the first time on diverse retail offerings in Korea and momentum in the global market. The company’s operating profit rose 18.5 percent year on year, reaching 1.08 trillion won…
The price of imported Korean cosmetics in China dropped by some 40 percent last year, Chinese customs data showed Thursday, for reasons industry watchers see as driven both politically and by the market. Records from the Tianjin Entry-Exit Inspection and…
Paju Premium Outlets has launched a new service through which products bought at its shopping mall in Paju, Korea can be delivered to countries across the world. The retail company has offered the service through an agreement with DHL Korea. The mall, located…
South Koreans consumed more American and other foreign beef than expensive local beef last year, a move that has lowered the country’s self-sufficiency rate for beef to below 40 percent over 13 years, a state-run think tank said Thursday. Last year, South…
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