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South Korea

South Korean duty-free operators ‘desperate’ amid protracted pandemic

South Korean duty-free operators ‘desperate’ amid protracted pandemic

Stung by the protracted new coronavirus outbreak, South Korean duty-free operators are struggling to overcome the industry-wide slump with belt-tightening measures, including increasing the number of closing d...
China quick to adopt digital wallets
Asian retail outlook: “more cautious”
Furla Asia-Pacific plans more flagships
Toys’R’Us Asia Pacific chief retires

South Korea Archives

South Korean duty-free operators ‘desperate’ amid protracted pandemic

Stung by the protracted new coronavirus outbreak, South Korean duty-free operators are struggling to overcome the indust...

Popeyes may cease operation in South Korea

American fast-food chain Popeyes said it is to withdraw business from South Korea, however the local franchisee TS Corpo...
The interior of a TGI Friday’s restaurant.

Lotte seeks to unload TGI Friday’s as part of restructuring

Lotte is moving to divest its TGI Friday's restaurant chain rights in South Korea as it restructures its business portfo...

South Korea eased Covid-19 restrictions on cafes and eateries

South Korea will relax Covid-19-related business restrictions on eateries, franchised coffee chains and other facilities...

Lotte seeks to unload TGI Friday’s as part of restructuring

Lotte is moving to divest its TGI Friday's restaurant chain rights in South Korea as it restructures its business portfo...
Sales of in-car accessories are surging in South Korea.

Social distancing sparks flurry of in-car accessory sales

Car accessory sales are increasing in South Korea as the coronavirus pandemic continues to rage on.
An Olive Young store in downtown Seoul.

CJ Corp unveils plans to open Olive Young up for public investment

South Korean health-and-beauty business Olive Young is gearing up for an IPO next year, with the aim to list on the stoc...
Photo of a cafe

Seoul cafes face new trading restrictions as Covid-19 returns

South Korea is restricting operations of restaurants, bakeries and franchised coffee chains in the greater Seoul area in...

South Korean retail sales rise in July, boosted by grocery

Retail sales in South Korea advanced 4.4 per cent in July from a year earlier as online platforms enjoyed a spike in dem...

Ikea Korea sales surge 32.6 per cent, despite Covid-19

Ikea’s business in South Korea has reported a 32.6 per cent sales growth over the past fiscal year despite the impact of...