Retail
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Retail
Shinsegae Duty Free opens premium store at Incheon Airport
South Korea's Shinsegae Duty Free launched a premium store at Incheon International Airport, aiming to counter the decline in downtown duty-free sale...
Sep 11, 2024 (Gmt+09:00)
1 Min read -
Retail
E-Mart, CJ CheilJedang to beef up strategic partnership
CJ CheilJedang Corp., South Korea’s largest food company, said on Wednesday it will increase the number of food products exclusively launched a...
Sep 04, 2024 (Gmt+09:00)
1 Min read -
Retail
S.Korean travel retailers face downturn without Chinese big spenders
Before COVID-19 swept the world, South Korea’s top two travel retailers Lotte Duty Free and Shilla Duty Free Shop ascended to the world’s...
Sep 03, 2024 (Gmt+09:00)
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Private equity
MBK Partners’ sale of Homeplus Express hits snag over valuation gap
MBK Partners’ planned sale of Homeplus Express, the supermarket chain of South Korean hypermarket operator Homeplus, has hit a snag as potentia...
Aug 30, 2024 (Gmt+09:00)
2 Min read -
Retail
Lotte to hold Korea Shopping Festa in Vietnam
South Korea's Lotte Group holds "2024 Korea Shopping Festa with Lotte" in Hanoi, Vietnam. The group and the Korean Ministry of SMEs and Startups open...
Aug 29, 2024 (Gmt+09:00)
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Retail
BGF Retail, Deeping Source to co-work on smart convenience stores
BGF Retail Co., the operator of South Korea’s leading convenience store chain CU, said on Thursday that it signed a memorandum of understandin...
Aug 29, 2024 (Gmt+09:00)
1 Min read -
Retail
Lotte to open shops within Singapore NTUC FairPrice outlets
Lotte Mart and Lotte Super will launch stores within the outlets of NTUC FairPrice, Singapore’s largest supermarket chain, to sell food product...
Aug 28, 2024 (Gmt+09:00)
2 Min read -
Food & Beverage
Ashley Queens’ success story: Premium dining, but at affordable prices
Korean food, or K-food, is popular around the world. And it’s almost become a rite of passage for foreigners who come to South Korea to try tra...
Aug 28, 2024 (Gmt+09:00)
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Retail
BGF Retail’s CU looks beyond Kazakhstan deep into Central Asia
Kazakhstan, a Central Asian country 27 times the area of South Korea, did not have any modernized convenience stores until early this year.The countr...
Aug 20, 2024 (Gmt+09:00)
3 Min read -
Retail
7-Eleven ratchets up sports marketing to take on GS25, CU
7-Eleven, the third-largest convenience store chain in South Korea, is challenging its bigger rivals GS25 and CU, attracting customers with Hello Kit...
Aug 13, 2024 (Gmt+09:00)
2 Min read -
Retail
CJ Olive Young establishes new logistics center
South Korean beauty store chain CJ Olive Young said on Thursday that it has established the Olive Young Anseong Logistics Center in Anseong-si, Gyeon...
Aug 08, 2024 (Gmt+09:00)
1 Min read -
Retail
GS25 to challenge Daiso in low-cost cosmetics market
South Korean convenience store chain GS25 said on Sunday it would expand the lineup of affordable and small-pack basic cosmetic products, targeting G...
Aug 05, 2024 (Gmt+09:00)
1 Min read -
Retail
Shinsegae Factory Store to enter Laos in 2025
South Korea's Shinsegae Department Store announced on Wednesday that its off-price retail chain, Shinsegae Factory Store, will expand its global foot...
Jul 31, 2024 (Gmt+09:00)
1 Min read -
E-commerce
TMON, WeMakePrice file for court receivership amid liquidity troubles
TMON Inc. and WeMakePrice Co. – the e-commerce platforms owned by Singapore-based Qoo10 Pte. – have filed for court receivership amid con...
Jul 29, 2024 (Gmt+09:00)
4 Min read -
Retail
E-Mart’s No Brand success story: A Korean snack chain goes global
When South Korean convenience store operator E-Mart Inc. launched its low-budget house label No Brand in 2015, few thought it would last long.Under i...
Jul 26, 2024 (Gmt+09:00)
2 Min read -
Retail
Hyundai Premium Outlet runs AI Human for foreign customer
South Korea's Hyundai Premium Outlet announced on Tuesday that it will trial the artificial intelligence (AI) service AI Human at its Songdo store un...
Jul 23, 2024 (Gmt+09:00)
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Retail
Struggling Korean retail stores lick Dubai chocolate, Dippin' Dots
Back in 2022 when the COVID-19 pandemic was rampant, South Korea’s convenience stores (CVs) saw their sales fly high as people dropped by small...
Jul 19, 2024 (Gmt+09:00)
3 Min read -
Retail
More luxury brands seek Korean market on sales surge
South Korea’s luxury goods market, estimated at around $7.1 billion, is experiencing a surge in demand led by affluent consumers in their 40s a...
Jul 16, 2024 (Gmt+09:00)
3 Min read -
Retail
CU to accept Japan's Ponta Points for payments
South Korea's BGF Retail, the operator of the leading domestic convenience store chain CU, announced on Sunday that it signed a memorandum of underst...
Jul 15, 2024 (Gmt+09:00)
1 Min read -
Retail
Coupang opens Rocket Growth seller website
Coupang Inc., South Korea’s largest e-commerce platform, announced on Tuesday that it opened a dedicated website for sellers (sell.coupang.com)...
Jul 09, 2024 (Gmt+09:00)
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Retail
Lotte Mall writes success story in Hanoi with Koreanization
Lotte Mall West Lake Hanoi, a mega commercial complex in Vietnam, has hit a sales milestone of 200 billion won ($145 million) less than one year sinc...
Jul 08, 2024 (Gmt+09:00)
2 Min read -
Retail
Lotte Mart renewed Hanoi Store as K-food special
South Korea's Lotte Mart said on Thursday it renewed its Hanoi Center store into a grocery specialty outlet, catering to the growing demand for Korea...
Jul 05, 2024 (Gmt+09:00)
1 Min read -
Korean startups
Korea’s No. 1 flea market app Karrot expands services across Canada
Danggeun Market Inc., South Korea’s largest online flea market service provider, is expanding its online used-goods marketplace app Karrot acro...
Jul 04, 2024 (Gmt+09:00)
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Retail
Duty-free stores: Golden goose gone for Korean retailers
South Korea welcomed a record-high number of post-pandemic foreign tourist arrivals for a single quarter in the first three months of this year, but ...
Jun 28, 2024 (Gmt+09:00)
3 Min read -
Retail
E-Mart24 opens first store in Cambodia
South Korea's convenience store chain E-Mart24 Inc. announced on Sunday that it opened its first store in Boeung Keng Kang, a bustling district of Ph...
Jun 24, 2024 (Gmt+09:00)
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Food & Beverage
Korean soju maker HiteJinro aims high with its first Vietnam plant
HANOI – Thai Binh, a port city about 120 km southeast of the Vietnamese capital, has long been associated, in people’s minds, with the id...
Jun 19, 2024 (Gmt+09:00)
3 Min read -
Travel & Leisure
Jeju casinos, hotels bask in return of Chinese tourists; luxury shops fall
Following the pandemic, hotels and casinos are enjoying a renewed tourist boom with Chinese tourists returning to South Korea, particularly its top r...
Jun 18, 2024 (Gmt+09:00)
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Retail
Lotte Home Shopping to unveil Bellygom game
South Korea's Lotte Home Shopping announced on Monday that it will release a mobile game called Bellygom Match Land, leveraging the intellectual prop...
Jun 10, 2024 (Gmt+09:00)
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Retail
Foreign VIP customers boost Korean department stores' sales
Wei Liu, a 41-year-old Taiwanese businessman, snapped up 300 million won ($220,000) worth of luxury brand products at Hyundai Department Store’...
Jun 07, 2024 (Gmt+09:00)
2 Min read
Latest News
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