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Korea Bizwire

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South Koreans boycott Japanese products

A boycott campaign against Japanese products and services is becoming a nationwide movement and extending into travel, reports Korea Bizwire.

South Korean beauty brands cooling off on KOLs

Influencers, or celebrities on social networks, are rising as marketing leaders for the beauty industry, thanks to their massive popularity among the younger demographics.

South Korean duty-free operators chasing another boom – abroad

After years of struggle in the face of a decline in Chinese tourists and increased competition, South Korean duty-free operators are in search of a more stable and sustainable business portfolio — to reduce their reliance on Chinese visitors and generate decent profits. The country’s duty-free business has raked in huge revenues on the back of soaring tourists, mostly from China. …

Credit card companies want to ditch paper receipts

Credit card companies in South Korea are consulting with financial authorities to make issuing paper receipts for transactions optional.

Australian barista Paul Bassett set to expand South Korean coffee business

A decade after launching in South Korea, Australian Paul Bassett plans to make the most of a “positive evolution” in the local coffee culture, expanding his brand partnership with a local dairy company. Paul Bassett teamed with Maeil Dairies Co to launch a coffee brand named after him in 2009 – just at the time local consumers were starting to embrace specialty coffee. Their vision was to target the growing high-end coffee …

Lotte tapping deeper into Southeast Asia, advanced markets

Retail and chemical giant Lotte Group is ramping up efforts to tap deeper into Southeast Asia and advanced economies, as sales in China, once its biggest overseas market, continue to fall. Industry sources told Yonhap that overseas sales of the conglomerate came to 8.9 trillion won (US$7.49 billion) in 2018, up 7.2 per cent from a year earlier. It marks a turnaround from a near 7 pe…

In-N-Out Burger opens Seoul pop-up store

In-N-Out Burger, a popular American hamburger franchise, opened a pop-up store on Wednesday in Gangnam, Seoul, drawing hundreds of visitors.

North Korean department store boasts ‘world-class’ design

A new North Korean department store just opened in Pyongyang is drawing attention for welcoming foreign technologies and products.

Seoul mall uses media art to warn passersby of air pollution

Hanwha Galleria is informing Seoul citizens of fine-dust levels by using media art installed on the exterior of its department stores.

GS25 launches shared-bike charging service

Starting June, customers of South Korean GS25 convenience stores will be able to charge shared electric bicycles or kickboards.

BoonTheShop to open at Bergdorf Goodman

Shinsegae Group will open its luxury concept store BoonTheShop at upscale US department store Bergdorf Goodman.

South Korean K-pop merchandise sales surge to US$132 million last year

South Korea’s K-pop merchandise market is booming, reaching US$132 million last year.

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