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South Korean online shoppers still see offline stores as a crucial part of shopping, a recent study has shown. Furthermore, despite the widely held belief that consumers will engage in online shopping during lunch breaks, or before they go to bed, the study…
South Korea’s largest retailers are having to invest in logistics to cope with rising online spending and personalized delivery services. South Korean online shopping malls Coupang and Market Kurly have led the paradigm shift in the delivery industry after…
South Korean retail sales increased by 3.4 percent year on year in May. Online sales reportedly surged by 18.1 percent in May, far faster than offline sales, which increased buy just 1.9 percent. A government spokesperson said the increase in sales for the…
South Korea’s mobile operators have already racked up over 260,000 5G subscribers since launching full-fledged services on April 3, government figures indicate. SK Telecom, KT and LG Uplus have been rapidly adding 5G customers during the first month of…
Amorepacific Group, the largest global beauty company headquartered in Korea, has launched Etude House in India. Etude House has become the third Amorepacific brand introduced to India after Innisfree and Laneige. The brand made its debut on the Indian market…
South Korea’s SK Telecom has arranged to merge its fixed broadband subsidiary SK Broadband with the nation’s second largest cable TV operator t-broad to help both companies weather rapid changes in the pay TV market. Under the proposed merger, which still…
LVMH-owned cosmetics retailer Sephora will launch its first outlet in South Korea this October. The first Sephora South Korea retail space will take up 547sqft in Gangnam, featuring hundreds of brands as well as home-brand products under the Sephora label.…
Heavy discounting necessary to offload winter stock has hit Uniqlo sales. Parent Fast Retailing has struggled with a shortage of popular winter items in the past, and overcompensated last winter by ordering too much inventory ahead of what proved to be an…
South Korean online sales posted double-digit growth in February, underpinned by soaring demand for air purifiers. The spike in demand was caused by an instance of fine-dust pollution that hit Korea during the month. The findings were published in a Ministry…
A new Chanel South Korea flagship has opened in Seoul. The Cheongdam-dong boutique opening provided the opportunity for the brand to unveil its latest ready-to-wear collection alongside its capsule accessories collaboration with musician Pharrell Williams,…
Kia Motors is all set to reveal a trio of new concepts at the 2019 Seoul Motor Show and they will preview the brand’s future design direction. Two of the three concepts make their international debut in Seoul, with the rugged Kia Masterpiece Concept which…
Hong Kong-based AS Watson has chosen its part-owned German subsidiary Rossmann for its next Asian market debut, South Korea. The German drug-store brand has confirmed it will begin selling products in South Korea on May 1, shipping direct from Germany. It…
SK Telecom has announced it has used augmented reality to simulate a fire-breathing dragon at a sports stadium as part of its ongoing development of new 5G-powered services. Using augmented reality technology, the large fire-breathing wyvern was streamed…
Korean cosmetics firm VDL is expanding in the Canadian market with the launch of the brand’s first flagship store in Toronto’s Queen West neighborhood. VDL, which stands for Vivid Dreams come to Life, was founded by LG Household & Health Care Corp in 2012.…
South Korean conglomerate SK Group plans to acquire a $1 billion stake in Vietnam’s largest private conglomerate Vingroup. SK plans to make the investment as early as next month, it said. Vingroup recently sought its shareholders’ vote on a plan to raise at…
South Korea’s KT has awarded Ericsson a 5G contract aimed at allowing the operator to launch commercial 5G services early next month. South Korean operators have agreed to launch 5G services at the same time in April at the request of regulator KCC. Under the…
