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318 stories in this topic
SpaceX’s satellite internet service, Starlink, has officially commenced operations in South Korea. By doing so, the company is expanding its worldwide low-Earth orbit (LEO) satellite coverage. It is positioning itself to be a crucial provider of…
South Korea’s retail industry is swiftly growing its private label (PB) business by extending beyond food and household items to include clothing, innovative digital platforms, and even international markets. This expansion comes as firms ranging from…
In a remarkable shift towards digital finance, South Korea’s payment card market—encompassing both point-of-sale (POS) payments and ATM withdrawals—is projected to grow by 3.8%, reaching an impressive $1 trillion (KRW1.4 quadrillion) by 2025, as revealed in a…
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…
South Korea’s Retail Sector Sees 9.2% Growth Amid Rising Online Sales In a marked turnaround, South Korea’s retail industry experienced a remarkable 9.2% year-on-year growth in March 2025, driven by a surge in online shopping. While brick-and-mortar stores…
IKEA Expands Footprint in South Korea with New Mixed-Use Store Dive into IKEA’s latest venture in Seoul as the global home furnishings giant enhances its local presence in a rapidly evolving retail landscape. A Strategic Investment in South Korea IKEA has…
Zara, the Spanish fashion giant, is set to open its first Zacaffe location in South Korea this May, launching inside the brand’s newly renovated flagship store in Myeong-dong, Seoul. The move reflects a growing trend among global fashion brands incorporating…
Emart, the South Korean hypermarket retailer, will expand into Laos this year through a master franchise deal with U-Dee, an investment entity owned by LVMC Holdings. The move follows the company’s announcement earlier this month that it would expand into…
Italian luxury brand Herno has made its first presence in South Korea, in partnership with Shinsegae International. The launch also marks Herno’s first presence in a duty-free shop. Located on the ninth floor of the Shinsegae Duty-Free Myeongdong branch, the…
South Korea’s retail sales increased 6.4 per cent year-on-year in October amid higher demand for food items and daily necessities. The combined sales of 25 major offline and online merchants grew to 15.3 trillion won (US$11.87 billion) during the month from…
Capital Elite is a popular investment destination for Korean investors due to its prime location in Hanoi’s new CBD and diverse entertainment and leisure areas. The Vietnamese real estate market is attracting South Korean investors due to rapid infrastructure…
South Korea continues to evolve as a major e-commerce market and is expected to register a strong compound annual growth rate (CAGR) of 7.7% between 2023 and 2027 to reach KRW202.6 trillion ($160.4 billion) in 2027, forecasts GlobalData, a leading data and…
CHARLES & KEITH’s inaugural duplex flagship store in South Korea, situated in the vibrant shopping district of Gangnam, Seoul, is now open. Spanning an expansive area of over 330 sqm, the two-storey flagship store stands as the largest CHARLES & KEITH…
South Korean fashion chain GoPizza has launched its first physical location in Indonesia as part of a broader Asian expansion plan. This brand’s first direct-to-consumer store in Indonesia is located in Jakarta. It follows the opening of a small store inside…
After a years-long wait, Apple Pay today launched in South Korea, allowing those living in the country to use Apple’s payment system to make contactless payments using the iPhone or Apple Watch. Apple has been working to bring Apple Pay to South Korea since…
South Korea’s first Five Guys burger restaurant is set to open in Gangnam, southern Seoul, by late June, its operator said Monday. The store, set to open in the bustling commercial district near Gangnam Station, will have up to 150 seats, according to…
