Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
It’s been a dramatic year for South Korea. And that drama has played out both in the political and business spheres. Let’s show you what it’s done to consumer spending. Consumer sentiment last month dropped its the lowest level since the 2009 financial…
Korean businesses’ quest to step closer to future industries is expected to accelerate in the New Year, regardless of the political scandal, the ongoing investigations into dubious business-political ties and the looming presidential election. The year 2016…
South Korean convenience store chain CU has launched BGF Post, a c-store-specific parcel delivery service unit. A Korean Economic Daily article reported that BGF Post has been set up to distinguish CU’s parcel service from other convenience store chains’. CU…
The rising number of single-person households in South Korea is helping to fuel a boom in neighborhood convenience stores, one of the few bright spots in the nation’s sluggish economy. The number of convenience stores has jumped by more than half over the…
Sales of major South Korean retailers including department stores and Internet shopping malls rose in November from a year earlier on brisk online purchases, government data showed Thursday. The combined sales of department stores, large outlets and Internet…
IBM has signed an agreement with the Lotte Group to provide cloud-based IBM Watson solutions to help the Group deliver innovation across the business and become a world-class retail company. Lotte Group represents the country´s largest retailer in a highly…
A total of 33 relatives from the families that control Samsung, Hyundai Motor, SK, LG, Lotte and other conglomerates dominate the country’s wealthiest list. Unhealthy ties between Korean conglomerates and the government have long been cited as a factor that…
South Korean authorities have culled more than 22.5 million poultry this winter, according to an official, as part of intense efforts to contain its worst bird flu epidemic in recent history that has affected farms across the country. The total number…
Italian fashion label Salvatore Ferragamo has taken over four JVs created in partnership with Trinity (Fung Group), which distributes the brand in South Korea and Southeast Asia. Ferragamo says it has bought the companies’ 20 per cent share, still owned by…
The first ever edition of the Seoul Michelin Guide has been released. Seoul is enjoying a growing reputation for its eclectic dining scene ranging from royal cuisine restaurants and fine dining establishments to its many specialty Korean one dish restaurants…
Korean retail giant Shinsegae Department Store’s new Daegu Shinsegae is a large-scale shopping and entertainment complex connected to a transportation hub in the southern city. Covering more than 103,000 sqm, it is Shinsegae Department Store‘s second…
US fast-food restaurant company International Dairy Queen (IDQ) has signed a multi-unit development agreement to expand into Korea. It plans to open 50 DQ Grill & Chill locations within the next five years in conjunction with privately held M2G USA…
When it comes to Asian Christmas gift-giving, Koreans are the most generous, according to a Kadence Singapore survey. The company spoke to a cross-section of shoppers in Hong Kong, Japan, Korea, Malaysia and Singapore to understand more about their Christmas…
South Korean cosmetics startup Memebox has raised US$60 million in a Series C extension round led by existing and new investors. Investors include Altos Ventures, Cota Capital, Cowboy Ventures, Formation Group, Funders Club, Goodwater Capital, Janet Gurwitch,…
South Korean convenience stores have long been a part of the country’s quick, fast-changing lifestyle, and are going a step further by producing their own private brands, as reported. “The private brand business here will continue to grow across all…
Korean’s can now have a taste of Croatia under the market slogan, “Croatian beer froths up in the Korean market,” as from last week in South Korea, Croatia’s very own Ožujsko beer can be purchased. The liquor importer CKB will be pushing out 4 kinds of…
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