South Korea
South Korea’s make-up market to surge by 5.5%
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.
South Korea wins race in aesthethic market: report
The market is expected to grow 7% annually between 2022 and 2030.
South Korea’s convenience stores bring out rare gift sets for Chuseok
These gifts include high-end liquor sets, electric vehicles, and electronics.
Consumer spending in South Korea to grow 2.8% in 2022
Household spending is expected to reach KRW793.9t during the year.
Market Kurly rolls out products in Singapore with RedMart
The brand store mostly offers Korean snacks such as tteokbokki.
Korea retail sales rises 9.3% in H1 2022
Offline and online retailers saw an 8.4% and 10.3% growth, respectively.
South Korea’s Fresheasy to launch products in Singapore online
The company plans to expand sales in Southeast Asia.
South Korea’s retail sales up 10.1% YoY in May
Sales in department stores and convenience stores rose as social distancing is lifted.
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This 11.11, the real battle lies in shopper confidence – not the biggest discount