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South Korean department stores have launched an all-out effort to secure VIP customers who spend more than ordinary customers. Department stores have suffered fallout from the surge in popularity of online shopping malls for years, but sales have come under…
Panic buying is spreading like wildfire among a number of countries as fear of the coronavirus deepens. But large shopping malls in South Korea, however, are as peaceful as in the pre-coronavirus era. Experts argue that prior experiences in dealing with…
Panic buying is spreading like wildfire among a number of countries as fear of the coronavirus deepens. But large shopping malls in South Korea, however, are as peaceful as in the pre-coronavirus era. Experts argue that prior experiences in dealing with…
South Korean chicken chain Crispy Chicken n’ Tomato has expanded its retail network into Tokyo, opening 10 stores in the city this month. Besides selling at stores, Crispy Chicken n’ Tomato has also partnered with UberEats to offer “sharing brand service”…
South Korean fashion chain Aland has quietly exited the Hong Kong market, after shuttering its final stores. The multi-brand retailer opened its first international branch in 2011 at Harbour City. Riding the ‘Korean Wave’ in the local market, the multi-brand…
he South Korean envoy has expressed concern Samsung may suffer huge losses if 1,000 South Korean experts are isolated upon arrival in Vietnam. “If experts and engineers of Samsung Electronics enter Vietnam and are placed in quarantine for 14 days, this giant…
The number of South Korean cafes continues to grow at a brisk pace, according to a government recent study. The Korea Fair Trade Commission reported there were 15,036 coffee shops in South Korea as of 2018, an increase of 7.9 percent (1105 shops) over the…
We have been hearing news about different factories’ production struggles over the coronavirus outbreak for almost two months now. Unfortunately, on Saturday, Samsung temporarily closed one factory in South Korea over a confirmed case of the coronavirus,…
Vietnam’s private airline Bamboo Airways will suspend all routes to and from South Korea to stem the spread of the novel coronavirus. Both routes from central Da Nang and Nha Trang to Seoul’s Incheon International Airport will cease operation starting…
South Korean convenience-store operator BGF Retail has been fined for pushing exorbitant sales promotion costs onto its suppliers. The firm was ordered to pay KRW1.67 billion (US$1.4 million) for its breach of the Act on Fair Transactions in Large Retail…
South Korean convenience-store chain GS25, owned by GS Retail, has opened a futuristic convenience store without a checkout counter in Jung District, Seoul this week. The store, which is located in the headquarters building of a local credit card company BC…
South Korean convenience-store owners are canceling 24-service as minimum wage rise has eroded profits. Last year, president Moon Jae-in launched a campaign to raise the hourly minimum wage by 29 percent over two years. With night-shift employees earning…
South Korean coffee chain Ediya Coffee has opened its 3000th store. The new Daejeon outlet is a significant milestone for the local franchise, matched only by competing for cafe and bakery Paris Baguette. Ediya has opened 300 locations each year for the past…
The number of coffee shops in South Korea continues to grow. More than 71,000 coffee shops are now operating nationwide, with 14,000 openingsz last year alone. According to a report by KB Financial Group Management Research Institute, the increase in the…
South Korean big-box retailer E-mart will sell 13 store buildings and land to improve its financial situation. The firm will sell the properties to Mastern Investment Management for KRW952.48 billion (US$802.65 million) in the face of plummeting sales and…
Consumers have however filed some complaints related to the coverage and speed of 5G. The main problem was that mobile devices were displaying a 5G symbol when users on LTE were near base stations compatible with 5G. The Ministry confirmed that facing such…
