South Korea Retail

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.

Convenience stores go green in South Korea

Emart24 and 7-Eleven have ramped up their promotion of eco-friendly cups.

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.

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.

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 retail sales grow by 9.7% in July

This is due to the increase in outdoor activities.

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. 

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.