South Korea
South Korea retail sales up 7.9% in February
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.’
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.
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