32 stories in this topic
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…
E-commerce heavyweight, Coupang, experienced a marked downturn in the second quarter, with a considerable net loss despite an uptick in sales. This negative financial impact was primarily due to substantial penalties linked to a massive data breach in South…
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…
SK Telecom, a prominent South Korean telecommunications company, has recently announced the formation of a new subsidiary, SK Hyper. This initiative aims to advance the company’s artificial intelligence data center (AIDC) division, and expedite South Korea’s…
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…
Tamburins, a prominent fragrance brand based in South Korea, has recently inaugurated its latest flagship store in Daikanyama, marking its fifth establishment in Tokyo. A Modern-Day Wonderland The two-story venue is designed to resemble a whimsical fairytale,…
Swiss sportswear label, On, has unveiled its inaugural standalone shop in South Korea, furthering its direct-to-consumer reach within the nation. Strategically Located in Seoul The store, nestled within Seoul’s Hannam district, signifies On’s maiden…
On Running, a sportswear brand, has recently launched an automated factory in Busan, South Korea where robots are used to manufacture running shoes. The company expresses its intent to establish more such factories in the United States and Europe to…
South Korea’s multipurpose practical satellite, Arirang 6, has experienced another postponement in its launch schedule, further emphasizing the nation’s dependence on foreign launch services and the consequential lack of control over scheduling. The Korean…
In light of a severe data breach, one of the most significant in South Korea’s history, Coupang Corp’s CEO, Park Dae-jun, has resigned. The cyberattack exposed the personal details of approximately 33.7 million customers, including their names, email…
Sportswear brand Lululemon has established its inaugural global flagship store in the heart of South Korea’s bustling Gangnam district. This 9000sqft, three-story location showcases the brand’s commitment to its growth strategy in the Asia Pacific region. A…
South Korean female-oriented shoe brand, Sappun, has drawn out plans to broaden its global presence, beginning with Southeast Asia, Indonesia specifically. Expanding Footprints in Indonesia The footwear brand, which operates under the management of FNS Retail…
Asia’s broadband and mobile landscapes are quickly transforming, spurred on by economic goals, digital sovereignty, and leadership in industries powered by artificial intelligence (AI). Significant investments are being poured into denser radio networks, more…
Renowned South Korean café chain, A Twosome Place, is gearing up to launch its first company-owned branch in the United States in the coming year. This move signifies a re-energized push for international expansion, following the café’s exit from the Chinese…
The rising popularity of South Korean culture, often referred to as the ‘Korean Wave’, is driving record numbers of international tourists to the country. In response, South Korean retailers are intensifying their marketing strategies to cater to the growing…
There has been an escalating trend of South Korean students abandoning their teacher-training colleges due to progressively unfavorable working conditions, static wages, and dwindling career outlooks. According to the Korea Educational Development Institute,…