Korea Latest News - Inside Retail Asia

South Koreans boycott Japanese products

A boycott campaign against Japanese products and services is becoming a nationwide movement and extending into travel, reports Korea Bizwire.

Amorepacific opens Sulwhasoo Universe at Hainan

Korean beauty firm Amorepacific has launched a new pop-up store, “Sulwhasoo Universe”.

South Korea’s School Food eyes broad Asian growth after Hong Kong debut

School Food, the South Korean Grab-and-go retail concept, is rolling out stores in Hong Kong and eyeing other Asian markets.

South Korean beauty brands cooling off on KOLs

Influencers, or celebrities on social networks, are rising as marketing leaders for the beauty industry, thanks to their massive popularity among the younger demographics.

South Korean retail sales up as summer arrives

South Korean retail sales increased 3.4 per cent year on year in May.

South Korean duty-free operators chasing another boom – abroad

After years of struggle in the face of a decline in Chinese tourists and increased competition, South Korean duty-free operators are in search of a more stable and sustainable business portfolio — to reduce their reliance on Chinese visitors and generate decent profits. The country’s duty-free business has raked in huge revenues on the back of soaring tourists, mostly from China. …

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.

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