South Korea
South Korea's Lotte Wellfood expands India operations with new plant
South Korea's Lotte Wellfood expands India operations with new plant
The company plans to increase production lines from nine to 16 by 2028.
Korea retail sales up 8.2% in 2024
Offline sales saw a modest 2% rise.
K-beauty platform hwahae global site reaches 100,000 users in 2 months
It also plans to launch a Japanese version of the site this year.
South Korea’s retail sector up 8% in November 2024
Online retail sales increased by 11.8%.
Gen MZ drives South Korea’s second-hand luxury boom
This shift is driven primarily by younger generations.
South Korea e-commerce market to hit $126b in 2024
It was attributed to consumer trust and innovation.
Starbucks Korea opens high-tech store in Seoul
Its first reserve-only branch features AR art installations and a Mixology Bar.
Birkenstock takes over direct distribution in South Korea
It will be via its newly launched online shop.
Korea retail sales increase 9.2% in August
It was led by strong online growth.
South Korean duty-free retailers revamp loyalty programme strategies post-pandemic
Brands are moving away from a one-size-fits-all approach.
Starbucks opens first reserve-only store in Seoul, South Korea
Jangchung Lounge R also features a 'Mixology Bar.’
South Korea retail sector up 6.3% YoY in July
Offline sales, however, declined by 3%.
South Korea e-commerce market to reach $170.1b by 2028
This is attributed to high-speed internet, secure payments, and growing consumer trust in online shopping.
Foot Locker to exit South Korea
It plans to complete the closures and transfers by mid-2025.
IKEA South Korea rolls out new automated fulfillment technology
This system will handle approximately 2,000 orders daily.
Korea launches new strategy to boost textile and fashion industry
It includes developing world-class technologies in high-performance aramids, carbon fibers, and electronic textiles by 2030.
CJ products return to Coupang after 20-month hiatus
CJ CheilJedang halted sales of its products to Coupang in December 2022.
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This 11.11, the real battle lies in shopper confidence – not the biggest discount