Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Korean retail sector.

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AI fashion-tech firm Odd Concepts raises $6 million

South Korean AI-based fashion-tech firm Odd Concepts has raised US$6 million in Series B funding, taking the company’s accumulated investments to about US$10 million.

How Olive Young is ensuring social distancing at checkouts

Olive Young has affixed footprint stickers to the floor by checkout counters, to encourage shoppers to follow recommended social-distancing directives.

Featured store: Galleria in Gwanggyo designed by Oma

Newly opened South Korean department store Galleria in Gwanggyo features a distinctive multifaceted glass passage wrapped around the stone exterior.

How South Korean companies are beating the ‘corona blues’

Many South Koreans are becoming depressed as they suffer from the ‘corona blues,’ a phenomenon caused by a lack of outdoor activities due to the coronavirus.

Starbucks Korea expands social-distancing plan

Starbucks Korea will expand social-distancing measures across its branches nationwide from Thursday, after a successful trial at some stores.

Versace launches on Lotte Premium Mall

Italian luxury fashion brand Versace has officially opened their shop in Lotte Premium Mall in South Korea on Monday.

MCM Philippines opens first store, at SM Mall of Asia

The first MCM Philippines store has opened its doors, in the giant Mall of Asia complex in Metro Manila.

Disposable cups transformed into photographic paper

The use of disposable cups is on the rise as consumers are prioritising safety from the coronavirus – but a new use for them has been discovered in Korea.

South Korean fashion chain Aland quits Hong Kong

South Korea fashion chain Aland has quietly exited the Hong Kong market, after shuttering its final stores.

Ebay struggling to sell South Korea division

US online shopping giant eBay is struggling to offload its South Korean unit. Sources within the e-commerce industry believe there are a few large retail companies that could potentially buy the Ebay South Korea business due to its large size. They estimate the business could potentially be worth 5 trillion won (US$4.18 billion), based on about one third of the company’s 16 trillio…

Coronavirus to wipe US$8.3bn off Asia-Pacific duty-free sales

The coronavirus outbreak has substantially altered forecasts for Asia-Pacific duty-free sales this year, according to research firm GlobalData.

South Korean cafe ranks continues to grow

The number of South Korean cafes continues to grow at a brisk pace, according to a government recent study.