Korea Latest News - Inside Retail Asia

Credit card companies want to ditch paper receipts

Credit card companies in South Korea are consulting with financial authorities to make issuing paper receipts for transactions optional.

Asian expansion contributes to loss for luxury bag label Mulberry

Expansion into Asia has weighed on British luxury bag label Mulberry’s bottom line, but the company is confident the foray will bear fruit.

Australian barista Paul Bassett set to expand South Korean coffee business

A decade after launching in South Korea, Australian Paul Bassett plans to make the most of a “positive evolution” in the local coffee culture, expanding his brand partnership with a local dairy company. Paul Bassett teamed with Maeil Dairies Co to launch a coffee brand named after him in 2009 – just at the time local consumers were starting to embrace specialty coffee. Their vision was to target the growing high-end coffee …

Daniel Wellington launches Moments of Hygge pop up in Seoul

Fashion timepiece maker Daniel Wellington has launched a pop-up in Doota Duty Free, downtown Dongdaemun in Seoul.

Global personal luxury goods market growth endures despite weakening consumer confidence

Global personal luxury goods market growth has reached a “new normal” pattern, following back-to-back years of strong performance in 2017 and 2018

China sales surge 70 per cent for Lululemon Athletica

Lululemon Athletica has reported a massive 70 per cent growth in first-quarter China sales, part contributing to a stellar performance globally.

Second Innisfree Philippines store opens in SM Megamall

Korean beauty and skincare brand Innisfree has opened a second outlet in the Philippines at SM Megamall, a year after first launching at SM Mall of Asia.

Single-use cup consumption plummets in South Korea

Single-use cup consumption at Korean fast-food restaurants has plunged by 72 per cent, according to a Korea Times report.

Grocery e-commerce startup Kurly raises US$113 million

Korean grocery delivery service Kurly has closed an upsized Series D round that hit US$113 million.

The newest South Korean retail trend: crowdfunding

While South Korean retail companies are competing over speed in the delivery market, the crowdfunding market is rising as the new form of consumer activity in the country.

In-N-Out Burger opens Seoul pop-up store

In-N-Out Burger, a popular American hamburger franchise, opened a pop-up store on Wednesday in Gangnam, Seoul, drawing hundreds of visitors.

Incheon Airport duty-free tenders to be released soon

Incheon Airport duty-free tenders will be released in the fourth quarter of this year.

x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered

Privacy Preference Center