South Korea
South Korea’s skincare market to reach $11.4b by 2026
South Korea’s skincare market to reach $11.4b by 2026
This is up from $8.5b in 2021 projected by GlobalData.
South Korea consumer spending to grow 2.8% in 2022: Fitch
Real household spending for 2022 will exceeds pre-pandemic levels.
CU adds nine payment options for SEA customers
This came as CU saw its foreign customers rising back to pre-pandemic levels.
Starbucks Korea opens first subway store in Seoul
It does not have plans to expand to more underground locations.
South Korea’s retail sales grow 10.6% YoY in April
Online and offline retailers posted 11%, and 10.2% growth, respectively.
South Korean retailers expand entertainment space on-site
A Lotte Mart outlet opened a futsal court, whilst a Homeplus store built a swimming pool.
Starbucks Korea vows to recycle all coffee grounds by 2027
Coffee grounds were reclassified as recirculation resources last March.
South Korea’s convenience stores ramp up liquor store openings
CU’s liquor stores enjoy higher alcohol sales than its other stores.
South Korean retailers expectations high as restrictions ease
But there are concerns lifting of social distancing rules could hit large discount stores.
South Korea-based CU opens 200th outlet in Mongolia
The convenience store chain made forays in the market four years ago.
South Korea’s top retailers jump to wine and whisky markets
Lotte and Shinsegae have expressed plans to set up whisky breweries.
Eland Retail fined $3.33m by South Korean regulator
The regulator said the company gave undue financial support to its parent company.
Apple to open largest store in South Korea on 9 April
Visits on the opening day of Apple Myeongdong will be by appointment only.
South Korea relaxes business hour restrictions on restaurants, cafes
The government plans to revamp restrictions further if the situation remains stable.
South Korea relaxes business hour restrictions on restaurants, cafes
The government plans to revamp restrictions further if the situation remains stable.
South Korea retail sales climbs 4.7% in February
Online sales during the month offset the decline seen in offline sales.
Korea Seven’s takeover of Ministop Korea clinches regulator approval
The approval is expected by the regulator to spur three-way competition in the market.
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