South Korea
South Korea’s e-commerce market to exceed $160b in 2027
It is backed by increasing consumer confidence and smartphone penetration.
South Korea’s e-commerce market to exceed $160b in 2027
It is backed by increasing consumer confidence and smartphone penetration.
A.S. Watson, Amorepacific ink deal to offer more K-Beauty products
Derma and premium skincare brands will be launched in Watson stores in Asia and Europe.
Tim Hortons to launch in South Korea
It signed a master franchisee agreement with South Korean QSR chain BKR Co. Ltd.
Coupang net income climbs by $300m in Q1
Its net income amounted to $91m.
SKS Capital invests in South Korea’s Grace
The $5m raised will be used for Grace’s business expansion.
South Korea retail sales up 7.9% in February
The operating days during the Seollal holidays helped boost sales.
Superdry sells IP assets to South Korea’s Cowell Fashion
The transaction costs $50m.
South Korea's Coupang narrows loss to $92m in 2022
This improved by $1.5b.
Online sales drive South Korea’s 4% retail growth in January
The country’s offline sales dipped by 0.5%.
South Korean restaurants feel the pinch of surging delivery costs
Higher demand for food delivery workers has ramped up the cost of labour in the industry.
South Korean department stores enjoy sales rebound
Many reported growth in sales from foreign customers.
Redbubble faces inflation-led headwinds despite cost-cutting
Investors have turned bearish because of changes in consumer behaviour.
Convenience stores go green in South Korea
Emart24 and 7-Eleven have ramped up their promotion of eco-friendly cups.
South Korea’s retail sales up 9.2% YoY in 2022
Both online and offline sales posted strong growth.
Thom Browne to operate Korean business directly
A new company, Thom Browne Korea, will be formed.
Korea’s internet firm Naver acquires Poshmark
They plan to establish a global player in the online fashion re-commerce market.
Market Kurly operator postpones planned IPO
The company plans to push through with public listing ‘at an optimal moment.’
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EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences
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By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
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1. Carlsberg Asia and Grab partner to elevate beer consumption experience 2. Levi's opens first store in Dhaka, Bangladesh 3. 6 in 10 Gen Zs prioritise user experience and trustworthy reviews 4. Millennials and Gen Zs drive surge in demand for RTD iced coffee 5. Experience-oriented retailers drive leasing activityAwards
Jun
11