The slump in fortunes at large discount stores is continuing and the growth of convenience stores in South Korea is accelerating in line with social changes.
One in two South Koreans in their 20s and 30s positively perceice the “flex” consumption trend, in which people boast while splurging on expensive products.
While South Korean retail companies are competing over speed in the delivery market, the crowdfunding market is rising as the new form of consumer activity in the country.
GS25 has launched a new “half-priced” delivery service, promising discounts of up to 65 per cent.
Men wearing make-up – once a practice unique to TV stars and celebrities – is becoming a part of popular culture in South Korea.
Shinsegae’s Select Shop will specialise in South Korean designer brands on its S.I.Village online shopping portal.
Shinsegae Group has opened the country’s first ‘dog lounges’ for customers and their pets in a mall.
Amazon has revealed plans to help South Korean sellers make international sales via its Amazon Global Selling program.