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Brochu Walker, a well-known luxury womenswear label from the US, has unveiled its first global flagship store in Seoul, South Korea. This venture marks the brand’s initial foray into the Asian market. The store, recognized as ‘Maison’, is situated in the…
Calvin Klein continues to solidify its footprint in South Korea with the recent opening of a chic lifestyle boutique in the stylish district of Seongsu, Seoul. The new outlet marries the sleek minimalism that is synonymous with Calvin Klein, with the…
Following public disapproval over a marketing campaign, Starbucks Korea, operated by Shinsegae Group, has announced it will close all stores across the country at 3pm on June 22 for employee training related to historical awareness and social sensitivity. The…
South Korea has handed down a massive fine of 625 billion won (US$409.30 million) to e-commerce behemoth, Coupang. This follows an extensive breach of customer information and illicit collection of personal data, marking the country’s most substantial data…
Uniqlo, a leading Japanese clothing retailer, has recently launched its most expansive store yet in South Korea. The new flagship location, situated in the Myeongdong shopping district in Seoul, marks the brand’s renewed commitment to experiential retail and…
Korean Air celebrates its golden jubilee of the Seoul-Zurich route, highlighting half a century of unifying Korea and Switzerland through travel and cultural exchange. In honor of this significant achievement, a gala reception was held at Zurich’s Widder…
Citibank Korea has reported their most impressive quarterly earnings in over half a decade. The first-quarter net income witnessed a significant leap of 61% from the previous year, primarily due to a substantial rise in noninterest income. Citibank Korea…
Shinsegae Group, a major food corporation in South Korea, has terminated the employment of Starbucks Korea’s chief after a marketing campaign sparked widespread controversy on the commemoration of historical pro-democracy protests. Shinsegae, the South Korean…
BHC Chicken, a renowned fried chicken brand originating from South Korea, is setting its sights on broadening its reach within Southeast Asia, with plans to launch in Vietnam. This move is part of an ongoing expansion strategy that is rapidly growing the…
The US-based private equity firm, The Carlyle Group, has successfully acquired KFC Korea. With this acquisition, the firm aims to expand the existing 200-store portfolio of the popular restaurant chain in South Korea. The deal, which was initially announced…
Moncler Group, the parent company of Moncler and Stone Island, has announced a robust first quarter. The company’s earnings were primarily driven by sales in Asia. First Quarter Sales Surge The group registered a substantial $1.03 billion in sales during the…
Chinese milk tea brands are broadening their horizons and expanding into new markets in Asia and the West. These brands have traditionally focused on Southeast Asia as their primary area for foreign expansion. However, with the market becoming overcrowded,…
Korean Seven, the South Korean operator of the worldwide convenience store franchise 7-Eleven, has recently appointed Daeil Kim as its latest CEO. The move is aimed at driving growth and propelling a significant business transformation. Daeil Kim Steps Up Kim…
Chinese restaurant chains are accelerating their growth in South Korea, capturing customers in the major tourist regions of Seoul with genuine Chinese food. This development is fueled by a boost in sales. Emerging Leaders in the Industry Among the most…
After a six-year break, Air China has reinstated direct flights from Beijing to Pyongyang. This comes as another indication that North Korea is gradually becoming more accessible, following the reestablishment of train services between the two capitals.…
Central Food Retail, a division of Central Retail, is broadening its operations via a collaboration with Emart, a South Korean retailer, to introduce No Brand, a store model focused on value, in Thailand. First No Brand Store in Thailand The No Brand store,…
