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Korea Bizwire

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Luxury labels increase focus on burgeoning South Korean market

South Korean consumers’ love for luxury labels is encouraging high-end brands to take bold, innovative moves into the market, opening pop-up stores and staging world-exclusive fashion shows.

South Korean c-stores pursue vegetarian market

The popularity of diets based on vegetables is on the rise as an increasing number of South Korean consumers are looking for healthy and ethical consumption. As a result, South Korean c-stores are launching growing ranges of vegetarian products to meet demand. Nongshim, South Korea’s top instant-noodles maker, last month released stir-fried noodles that don’t contain any meat. Si…

South Korea’s coffee shop boom – 1 in 10 are losing money

The number of coffee shops in South Korea continues to grow. More than 71,000 coffee shops are now operating nationwide, with 14,000 opening last year alone. According to a report by KB Financial Group Management Research Institute, the increase in the number of coffee shops is because the number of new shops opening has dramatically outpaced the number of shop closures.

‘Sales War’ looms as South Korean Shopping Festival begins

A South Korean Shopping Festival is about to begin, modelled on the likes of Black Friday in the US and Singles’ Day in China. Fierce competition is expected among e-commerce companies this year as well as they take on brick-and-mortar retailers. As recently as a couple years ago, November was an off-season for shopping in South Korea with only a few vendors holding promotional ev…

Uniqlo sales plunge in South Korea

Massive discount offers have failed to stem a plunge in Uniqlo sales in South Korea, where it has been targeted by the boycott movement.

Japan and South Korea battle it out in Vietnam retail market

South Korean companies are engaged in a fierce battle with Japanese rivals in the Vietnam retail market, which has emerged as a “post-China.”

Fake Korean brand Mumuso defies court order to close Seoul brand

Mumuso, a Chinese distributor of household goods accused of imitating a Korean brand, is turning a blind eye to the recent government order to shut down its South Korean branch.

Uniqlo South Korea courts controversy as it attempts comeback

Facing an unprecedented boycott campaign Japanese fashion retailer Uniqlo has launched a comeback campaign in South Korea – only to stumble almost immediately. Uniqlo South Korea’s new television commercial rekindled controversy following complaints that the ad made fun of Japanese sex slaves. Following the boycott movement which dates back to July, Uniqlo closed four stores in Sout…

K-beauty brands vow to defend against Sephora South Korea onslaught

South Korea’s big-name beauty retailers are prepared to defend their market share from the launch of Sephora South Korea, which debuts this week.

Subscription services taking off in South Korea

The subscription economy, through which one can periodically receive products or services instead of purchasing them outright, is on the rise.

Generation Z behind surging demand for male makeup

The cosmetics industry is paying close attention to a surge in interest in male makeup – being driven by generation Z.

South Korean retailers are fighting the e-commerce onslaught with ‘malling’ strategy

Cornered by a low-price offensive from online sellers, South Korean retailers are striking back with a so-called ‘malling’ strategy.