airport duty-free shops

SSG.COM, the e-commerce brand of South Korean retail giant Shinsegae Inc., launched its online luxury goods marketplace SSG Luxury on July 3. Focusi...

The Shilla Duty Free Shop, the world’s No. 3 duty-free chain, has joined hands with a Chinese e-commerce giant to attract some 158 million cro...

Doosan Enerbility Co. announced Sunday it has signed an initial memorandum of understanding (MOU) with Siemens Gamesa Renewable Energy S.A. (SGRE) i...

The duty-free industry has been hoping that the end of COVID-19-related travel restrictions would help boost its sales. Even as international t...

South Korean cosmetics giants failed to win over Chinese consumers at the 618 Shopping Festival, one of the largest online annual shopping events in...

Lotte Duty Free, South Korea’s largest duty-free business operator, is closing one of its flagship stores in Seoul in the wake of the COVID-19...

Hyundai Motor Group is expected to receive about $1.6 billion in incentives including tax breaks from Georgia as South Korea’s top automaker i...

Shares in E-Mart Inc., South Korea’s largest supermarket chain, have been hovering near their lowest level in almost two years, on the back of...

For middle-class families in South Korea, it has become a morning ritual to bring the boxes of fresh produce and daily necessities delivered overnig...

South Korea’s major electronics retailers such as Lotte Himart are facing a headwind as more customers are buying home appliances online and d...

South Korea's Lotte Duty Free Co. is slated to open a downtown store in Sydney on May 5, after Australia reopened its international borders to forei...

Elon Musk’s successful bid to buy out the social media platform Twitter for around $44 billion is a kind of deal unlikely to happen in South K...

LG Household & Health Care Ltd. has acquired a controlling stake in The Crème Shop Inc. as it seeks to expand its presence in the US beau...

Choi Jin-min, founder and chairman of Kiturami Boiler Co., is one of the few living witnesses in South Korea's boiler history. At the age of 21, he ...

South Korea’s reopening stocks jumped on Friday as the government eases COVID-19-curbing restrictions and as the number of the Omicron variant...

Lotte Group Chairman Shin Dong-bin is so determined to make the metaverse the group's next playing field that he recently proposed a metaverse meeti...

The topic of RE100, a multinational campaign to make a full switch to renewable energy by 2050, was brought up last week during a debate among four ...

Online shopping platform Queenit recently received 36 billion won ($30 million) from Kakao Ventures Corp., SoftBank Ventures Korea Corp. and more,...

Lotte Group Chairman Shin Dong-bin is known for his obsession with new tech gadgets.He’s one of those early adopters in South Korea of the Ocu...

Hyundai Motor Group revealed a clip of the world’s first hydrogen-powered garbage truck Thursday. The video titled “Dear My Hero” ...

South Korea has officially declared its plan to join a mega Trans-Pacific free trade deal, called the CPTPP, following China’s application to ...

There appear to be two diverging roads for South Korea's top duty free operators Lotte and Shilla: expanding outside China, or going deeper inside t...

It appears the world’s top boy band BTS will have to serve in the South Korean military as lawmakers in the country have so far failed to agre...

Unlike Hawaii and Las Vegas, there is one thing missing on Jeju Island, South Korea's top tourist destination: premium outlets.The island hosted 15 ...

A travel bubble between South Korea and Saipan more than tripled visits of residents in the Asian country to the main island in the Northern Mariana...

SK Inc., the investment arm of South Korean conglomerate SK Group, and private equity firm STIC Investment Inc., have invested a combined 65 billion...

Lotte Shopping Co., South Korea’s top department store operator, is set to acquire Hanssem Co. with IMM Private Equity.IMM PE selected Lotte S...

South Korean government will spend 6.3 trillion won ($5.4 billion) next year in supporting the state-designated Big 3 industries: future vehicles, n...

Major department stores in South Korea such as Shinsegae Department Store and Hyundai Department Store Co. have seen their earnings improve signific...

LG Electronics Inc. will begin to sell Apple Inc.'s iPhone at its retail stores across South Korea from mid-August, as the Korean home appliance mak...