Korea Archives - Inside Retail Asia

Havaianas invests $US50 million in Asian expansion plan

Undeterred by the advent of Covid-19, Brazilian flip-flop brand Havaianas is investing US$50 million into expansion of its retail footprint across Asia-Pacific between now and 2024.

JW Anderson opens new store in South Korea

British fashion label JW Anderson has opened its second store in Seoul, South Korea with ceiling-to-floor glass frontage and pink Neon signage.

Asia-Pacific luxury-goods market tipped to shed US$2.1 billion this year

The Asia-Pacific luxury-goods market is projected to sink by US$2.1 billion this year as consumers switch from big-ticket items to affordable luxury.

South Korean retail sales rise post Covid-19

South Korean retail sales rose by 2 per cent during May, largely due to increased online shopping, according to new Ministry of Trade figures.

Facebook Shops launches into South Korea

Facebook Shops has launched in South Korea to compete in a booming e-commerce market, and following roll out in Europe and the US.

Lotte to launch snack subscription service

Lotte Confectionery Co will launch a snack subscription service dubbed “Monthly Snack,” the first of its kind in South Korea.

Starbucks, Hyundai launch own-brand credit card

South Korean conglomerate Hyundai’s credit-card subsidiary Hyundai Card is collaborating with Starbucks to launch a private-label credit card.

Paris Baguette eyes expansion in the US, Singapore

South Korean F&B group SPC is expanding outside of its home territory as its home-based brands reach saturation point, according to a report in the Korea Times.

Asia-Pacific apparel market models

Asia-Pacific apparel markets well placed to survive Covid-19 fallout

Asia-Pacific apparel markets are better placed to counter the impact from the Covid-19 crisis than those of North America and Europe, according to research from GlobalData.

South Korean food-delivery app Yogiyo fined for exploiting market dominance

South Korea’s antitrust regulator has fined food-delivery app Yogiyo US$382,000 for exploiting its dominant position in the local market.

South Korean duty-free retailers caught in catch-22 over selling stockpiles to locals

South Korean duty-free retailers have begun to clear stock through local channels in response to a temporary change in regulations designed to relieve the industry of low sales volumes caused by the coronavirus pandemic.

Gentle Monster unveils Hongdae flagship with ‘Sacrifice’ theme

Gentle Monster has unveiled its new Hongdae flagship in Seoul with a religious-inspired design theme it calls ‘Sacrifice’.