Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
Shinsegae Department Store’s newest location in Daegu is set to open next month, and it will include a massive 56,000-square-foot aquarium and indoor park on its roof, the company revealed Wednesday. The move is a bid to attract more visitors with…
According to Pernod Ricard travel retail witnessed an “improving trend in travel retail Americas” with a “return to growth [and] better performance from duty free across zone, product mix and pricing.” However, the travel retail division admitted that it…
The Apple iPhone 7 went on sale in South Korea on Friday, seeking to fill a void left by arch-rival Samsung on its home turf following a damaging recall fiasco over the Note 7 smartphone. The South Korean electronics giant discontinued the Note 7 — one of its…
Korean bakery Tous les Jours has opened its first stores in Mongolia as it broadens its Asian footprint. Two Tous les Jours Mongolia shops have opened in Ulaanbaatar in what the company sees as another step in its plan to become a global bakery brand. Besides…
The government’s recent decision to allow full foreign ownership in local movie businesses has attracted the interest of South Korean and Chinese cinema giants to invest in Southeast Asia’s largest market, a government official said. Creative Economy Agency…
A $6.2 million US military minimall has been officially opened for troops relocating to an expandedCamp Humphreys in South Korea. The Army and Air Force Exchange Service (AAFES) centre includes fast-food restaurants, a barber shop and a retail store, across…
The Korean anti-corruption law may be showing its desired extra effect of creating more time for family and home cooking if sales record at a leading retailer is any indication. October sales figures from E-mart released show an 11.5 per cent increase for the…
While revenue for its third quarter rose 2 per cent year-on-year, South Korea’s Lotte Shopping Companysaw its net profit soar 203.9 per cent to KRW78.2 billion (US$68 million). The retail giant says these are preliminary figures yet to be independently…
Skechers in Korea will now be managed by a joint venture with the parent company. Previously imported and distributed by a third-party company, Skechers head office in the US has confirmed it has partnered with Luen Thai Enterprises in a new business called…
Nokia has secured a contract to deploy the world’s first LTE-R (LTE-railway) LTE network in South Korea. The vendor will deploy the network on a railway line between Wonju and Gangneung as part of a line extension to prepare for next year’s Winter Olympics in…
Luggage manufacturer Rimowa has won a lawsuit against the owner of the Holly brand in South Korea. A Seoul court has acknowledged that the grooved design is a defining characteristic of Rimowa products so deserves to be protected from imitation. Saying the…
The booming networks of Korean cafes has driven a huge rise in the country’s dessert market. According to data issued by the government, the sector expanded sales by 13.9 per cent in 2014 from a year earlier – the last year for which figures are available –…
The Rhenus Group is opening its own business operations in South Korea at the beginning of November. The logistics specialist also founded the national company known as Rhenus Logistics Korea at the same time. The office in the South Korean capital Seoul will…
A group of affluent individuals would come up with 90 billion won ($75.5 million) to jointly own a Homeplus Co. superstore outlet in the suburban city of Pyeongchon, Gyeonggi Province, evidence that retail investors are joining their institutional…
The five-day fair themed “Viet Nam-South Korea Cooperation for Mutual Development” was held in the southern province of Ba Ria-Vung Tau. Truong Van Thoi, director of the provincial Trade Promotion Centre, said the event attracted some 40,000 visitors who…
South Korean prosecutors investigating a confidante of President Park Geun-hye for corruption have searched the offices of Samsung, according to local media. Samsung, the world’s largest manufacturer of smartphones, televisions and memory chips, is suspected…
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