Retail
Travel & Leisure
Aman, Rosewood, Banyan, IHG rush to open luxury hotels in Seoul
May 05, 2024 (Gmt+09:00)
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Retail
Shinsegae faces off with Affinity, BRV over SSG.COM
Shinsegae Group could face a legal battle against two private equity firms that are demanding it buy back their combined 1 trillion won ($727 million...
Apr 29, 2024 (Gmt+09:00)
4 Min read -
Retail
Korea’s Lotte sells Lotte Glory Properties Shenyang amid US-China dispute
South Korea’s retail giant Lotte Group has signed a deal to sell a theme park project in Shenyang, China – its latest move to pull out of...
Apr 26, 2024 (Gmt+09:00)
3 Min read -
Retail
Starfield launches 4th annual balloon festival with iconic character displays
Starfield, a chain of large shopping malls owned by Shinsegae, a South Korean retail company, announced on Friday that its 4th annual balloon festiva...
Apr 26, 2024 (Gmt+09:00)
1 Min read -
Retail
KT&G faces $2 bn damages suit over heated tobacco invention
KT&G Corp., the world’s fifth-largest tobacco maker, is facing a $2 billion damages suit from a former employee who claimed the South Korea...
Apr 25, 2024 (Gmt+09:00)
2 Min read -
Retail
Used goods platform Gugus shines in slowing luxury market
Gugus, South Korea’s largest online retailer of secondhand luxury goods, posted double-digit growth in revenue and transactions in the first qu...
Apr 23, 2024 (Gmt+09:00)
3 Min read -
Retail
Lotte Dept. Store introduces AI translation service
South Korea's Lotte Department Store announced on Monday that it introduced an artificial intelligence (AI) interpretation service for foreign touris...
Apr 22, 2024 (Gmt+09:00)
1 Min read -
Fashion
Louis Vuitton, Chanel, Dior post weak profits in Korea post-pandemic
Global luxury brands Louis Vuitton, Chanel and Dior saw worsening profitability of their South Korean operations last year after a few years of decen...
Apr 19, 2024 (Gmt+09:00)
2 Min read -
Retail
Korea leads global online shopping trend for used luxury goods
South Koreans are leading the trend of buying used luxury goods online with top-end products such as Rolex watches and Hermes bags among the hottest ...
Apr 09, 2024 (Gmt+09:00)
1 Min read -
Retail
Lotte Home Shopping opens Bellygom pop-up in Myeongdong
South Korea's Lotte Home Shopping announced on Monday that it will open a Bellygom pop-up store at Lotte Duty Free's showroom Now in Myeongdong until...
Apr 08, 2024 (Gmt+09:00)
1 Min read -
Retail
Louis Vuitton opens its first 'Watches & Jewelry' store in S.Korea
Louis Vuitton announced on Friday that it opened its first Watches & Jewelry store in South Korea at the Shinsegae Department Store Gangnam locat...
Apr 05, 2024 (Gmt+09:00)
1 Min read -
Retail
BGF to vigorously expand convenience stores in Kazakhstan
BGF Retail Co., South Korea’s biggest convenience store chain operator, will expand aggressively in Kazakhstan, creating the potential to crank...
Apr 03, 2024 (Gmt+09:00)
2 Min read -
Retail
Lotte Duty Free rebrands LDF House to Now in Myeong-dong
South Korea’s Lotte Duty Free announced on Tuesday that it changed its duty-free showroom LDF House, which was opened last October in Myeong-D...
Apr 02, 2024 (Gmt+09:00)
1 Min read -
Retail
Hyundai Department launches Korean brands' global platform
Hyundai Department Store Co., South Korea’s major retail conglomerate, has launched “The Hyundai Global” platform dedicated to prom...
Apr 01, 2024 (Gmt+09:00)
1 Min read -
Retail
E-Mart offers voluntary retirement after 2023 loss
E-Mart Inc., South Korea’s largest supermarket chain, has launched a company-wide early retirement program for the first time in its 31-year hi...
Mar 25, 2024 (Gmt+09:00)
2 Min read -
Retail
E-Mart's credit rating drops on weak retail earnings
The credit rating of E-Mart Inc., South Korea’s top hypermarket chain operator, was downgraded to AA- by local agency NICE Information Service ...
Mar 22, 2024 (Gmt+09:00)
1 Min read -
Retail
Hyundai Dept. Store virtual idol pop-ups attract 100,000
South Korea's Hyundai Department Store Co. said on Monday that its pop-up stores of the three virtual idol groups at The Hyundai Seoul attracted over...
Mar 18, 2024 (Gmt+09:00)
1 Min read -
Retail
Lotte brings Louis Vuitton diamond collection to S.Korea
South Korea's Lotte Department Store announced that it launched Louis Vuitton's LV Diamond Collection on Mar. 14 at Lotte World Tower Avenuel Jamsil,...
Mar 15, 2024 (Gmt+09:00)
1 Min read -
Retail
Premium children's brands buck falling birth rate in Korea
Premium children's clothing and food brands have bucked the economic slowdown in a country grappling with the world’s lowest birth rate as Sout...
Mar 12, 2024 (Gmt+09:00)
2 Min read -
Retail
Coupang launches direct purchase service to Japan
Coupang Inc., South Korea's leading e-commerce platform, announced on Monday that it is expanding its overseas direct purchase service, "Rocket Jikgu...
Mar 11, 2024 (Gmt+09:00)
1 Min read -
Retail
Duty-free shops at Incheon International Airport eager to lure boutiques
Duty-free shops at Incheon International Airport, South Korea’s main gateway, are fiercely competing to lure luxury brand boutiques to their ou...
Mar 07, 2024 (Gmt+09:00)
2 Min read -
Retail
S.Korea's CU opens first store in Kazakhstan
South Korea's BGF Retail, the operator of the leading domestic convenience store chain CU, announced on Thursday that it opened its first store in Ka...
Mar 07, 2024 (Gmt+09:00)
1 Min read -
Retail
Chanel halts boutique operation over Gucci pop-up store
French luxury brand Chanel abruptly suspended the operation of its boutique in the section of high-end brands within Galleria Department Store in an ...
Feb 29, 2024 (Gmt+09:00)
2 Min read -
Retail
E-Mart to open first Korean supermarket chain in Laos
E-Mart Inc. said on Friday it will become the first South Korean supermarket company to open a chain store in Laos in its push to expand into Southea...
Feb 23, 2024 (Gmt+09:00)
1 Min read -
Retail
Hyundai Dept. Store, Siam Piwat to collaborate for K-content
South Korea’s Hyundai Department Store Co. announced on Wednesday that it signed a business agreement with Thailand’s retail giant Siam P...
Feb 21, 2024 (Gmt+09:00)
1 Min read -
Travel & Leisure
South Korea’s luxury hotels bask in return of tourists post-pandemic
South Korea’s luxury hotels are enjoying the return of tourists following years of COVID-19 restrictions, which significantly hurt their sales ...
Feb 20, 2024 (Gmt+09:00)
2 Min read -
Retail
Hypermarket chain E-Mart posts first annual loss in 2023
South Korea’s top supermarket chain E-Mart Inc. announced on Thursday that it provisionally recorded a consolidated operating loss of 46.9 bill...
Feb 14, 2024 (Gmt+09:00)
1 Min read -
Retail
Lotte to sell 7-Eleven’s ATM unit in Korea for around $38 mn
Lotte Group is set to sell the automated teller machine (ATM) business of Korea Seven Co., the operator of convenience store chain 7-Eleven in South ...
Feb 07, 2024 (Gmt+09:00)
1 Min read -
Retail
E-Mart24 to open 1st convenience store in Cambodia in June
E-Mart24 Inc., a leading South Korean convenience store chain, announced on Friday plans to enter the Cambodian market, aiming to open its first stor...
Feb 02, 2024 (Gmt+09:00)
1 Min read -
Retail
Hyundai Dept. Store launches membership for foreigners
South Korea's Hyundai Department Store Group announced on Thursday that it launched H Point Global, a dedicated membership service for foreign custo...
Feb 01, 2024 (Gmt+09:00)
1 Min read
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