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Retail giants across Asia are diving deep into the realm of experiential shopping, and the recent emergence of live-streaming commerce is reshaping the retail landscape. As consumer preferences evolve, companies are jostling to innovate and offer a more…
South Korea’s mobile service revenue is on an upward trajectory, poised to increase at a compound annual growth rate (CAGR) of 2.5%. This rise will see revenues escalate from USD 21.6 billion in 2024 to USD 24.5 billion by 2029, according to the latest report…
The Seoul Bankruptcy Court has given the green light to the sale of South Korean grocery retailer, Homeplus. The decision was driven by a need to generate capital for debt repayment and to safeguard jobs within the company. Earlier this year, MBK Partners,…
As the retail landscape in Asia continues to evolve at a rapid pace, the spotlight shines on innovative marketing strategies and the power of community engagement. Major players in the retail sector are embracing the digital age, maximizing their reach…
Samsung Electronics announced sharply lower earnings for the fourth quarter, an earnings “shock” that suggested that the “supercycle” in the global semiconductor market is nearing an end. Preliminary 2018 performance numbers released Tuesday predicted the…
A few days ago, the mid-range tablet of the Korean tech giant, the Samsung Galaxy Tab A (2016), officially made it to its home market in South Korea with a retail price of $430. While the tablet has a lot of market and sales potentials outside of South Korea,…
South Korean supermarket chain Homeplus has appointed former CEO of McDonald’s Korea Cho Ju-yeon as its new chief marketing officer, in an executive reshuffle announced on Thursday. Cho made headlines in 2016 when she became the first female CEO at the South…
Spanish brands LOEWE opened a women’s store on the second floor of the Hyundai Department Store. LOEWE is a Spanish leather brand with over 170 years of history and is now attracting the attention of global fashion people, led by designer Jonathan Anderson.…
Korean conglomerate Lotte is launching its fast-food chain Lotteria in Mongolia. The brand’s restaurant franchise unit, Lotte GRS, will open its first location in the capital city of Ulaanbaatar and increase outlets to 10 over the next four years. The move…
Korean fashion retailer F&F has revealed plans to open in Hong Kong. Details are sketchy, but the company has signed an affiliate and will open its first standalone store in January, according to Korean analysts. The expansion follows a stunning 28.6 per cent…
Kia Motors on Tuesday started to receive preorders for the overhauled version of its K9 large-size sedan, a model which is expected to play a decisive role as the company seeks to change its image and diversify its brand. The automaker sees the success of the…
More than 100 whiskies are available for sampling in-store, including Suntory Chita Single Grain; Johnnie Walker Blender’s Batch 2: Bourbon Cask & Rye Finish; Royal Salute Polo Collection 2017; Bowmore’s new travel retail exclusive age statement range of 10…
Hanwha Group has been striving to make the solar business its future growth engine since it first entered the industry in 2010, and that hard work is starting to pay off. Hanwha Q Cells, the group’s solar cell producer, is now one of the largest manufacturers…
Espoir opened new concept store with the theme ‘Market’ in order to provide a new brand experience in Shinsa-dong, Seoul. Inspired by the European market, the ‘MAKE-UP MARKET’ of Espoir brings a feeling of a colorful interior to the actual food market. The…
Lotte Department Store, one of South Korea’s country’s major department-store chain operators, will introduce a do-not-disturb shopping service it dubs ‘shop-alone’. Aimed at customers who do not wish to be approached by sales clerks and other employees – a…
With the fervor of the holiday shopping season fast approaching, retailers across Asia are gearing up for a bustling fourth quarter. Among them, Lotte Shopping, South Korea’s retail giant, is strategizing ways to capture consumer attention and boost sales. In…
