South Korean fashion house, Satur, has announced its expansion into the Thai market, with its first flagship store opening in Central Ladprao. This move was made feasible through an exclusive partnership with the Jaspal Group, a renowned lifestyle and fashion…
Heartland 66, located in Wuhan, China, is broadening its retail landscape with the introduction of two novel concepts: the 24KR Korean Trend Zone and Greenhouse by Edgestreet. This move is part of a larger strategy to transition away from conventional retail,…
South Korean authorities have recently conducted a search at the main offices of Starbucks Korea. The search forms part of an ongoing inquiry into a contentious marketing campaign released earlier this year that led to extensive criticism. The campaign in…
Coupang, the South Korean e-commerce giant, reported a revenue of US$8.9 billion and a loss of $570 million for the second quarter. The loss is a significant reversal from the same period last year, which saw an operating income of $149 million and a marginal…
South Korea has the potential to draw an extra ₩2.4 trillion in yearly venture capital investment and launch numerous additional startups if it were to adopt more favorable digital regulations, a recent study conducted by Oxford Economics for Digital…
South Korea has put forth a proposal that seeks to introduce amendments to the existing property tax laws to levy higher rates on affluent property owners in an effort to stabilize the country’s overheated housing market. This development was made public on…
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…
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