Korea Archives - Inside Retail Asia
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.
British fashion label JW Anderson has opened its second store in Seoul, South Korea with ceiling-to-floor glass frontage and pink Neon signage.
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 rose by 2 per cent during May, largely due to increased online shopping, according to new Ministry of Trade figures.
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 Confectionery Co will launch a snack subscription service dubbed “Monthly Snack,” the first of its kind in South Korea.
South Korean conglomerate Hyundai’s credit-card subsidiary Hyundai Card is collaborating with Starbucks to launch a private-label credit card.
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 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 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 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 has unveiled its new Hongdae flagship in Seoul with a religious-inspired design theme it calls ‘Sacrifice’.