South Korea
South Korea’s retail sales up 9.2% YoY in 2022
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.’
South Korea's department stores reduce VIP benefits
Analysts said VIP customers surged amidst a spike in luxury consumption.
L’Oréal invests in micro-printing startup
The company developed the L’Oreal Brow Magic with Prinker Korea.
Inflation, population woes could melt South Korea’s ice cream market
The market is projected to decline by 5.8% annually until 2026.
South Korea’s make-up market to surge by 5.5%
This will be driven by product innovation and rising online sales.
South Korean retailers offer low-price cakes ahead of Christmas
Some are providing discount benefits for pre-orders.
L’Oréal Groupe, partners unveil luxury beauty brand SHIHYO
Its flagship store will open in South Korea.
South Korea's small stores lag behind big department stores in sales
Small supermarkets and groceries only saw a 0.4% sales growth.
South Korea’s Coupang to remain profitable amidst funding crunch: report
The company’s net profit stood at $91m in the third quarter.
US-based Five Guys eyes expanding to South Korea
The burger chain has inked an agreement with the Galleria department store to open next year.
Lower consumer confidence hits South Korea's retail sector
The country’s retail sales dropped for the first time since December 2020.
Starbucks faces complaint in South Korea over bags with toxic chemicals
The giveaway bags were found to contain formaldehyde.
Instant coffee to boost South Korea’s hot drinks market
It is projected to be valued at $5b in 2026.
South Korea’s retail sales grow by 9.7% in July
This is due to the increase in outdoor activities.
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The Trade industry is beefing up its workforce to better handle complaints.
