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South Korean department stores look to VIPs as sales slide
South Korea's department-store industry has launched an all-out effort to secure VIP customers who spend more than ordin...
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 re...
Lotte Shopping to axe 200 stores as losses mount
Lotte Shopping plans to shut down as many as 200 department stores and large-format supermarkets in South Korea, marking...
Shinsegae department store sets sales record as foreigners splurge in Gangnam
Shinsegae Department Store says its outlet in Gangnam, an affluent area in southern Seoul, reported US$1.7 billion in ac...
Featured store: The Conran Shop in South Korea
The first The Conran Shop in South Korea has opened in Seoul inside a Lotte Department store.
South Korean retail giants expect improved earnings next year
After a tough year, South Korean retail giants are tipped to log a modest improvement in their earnings next year on the...
First Conran Shop in Seoul is UK brand’s biggest yet
The first Conran Shop in Seoul has opened - and it is the British luxury furniture and home accessories retailer’s large...
Luxury labels increase focus on burgeoning South Korean market
South Korean consumers’ love for luxury labels is encouraging high-end brands to take bold, innovative moves into the ma...
Lotte brings Rezolve to South Korea
South Korean retail conglomerate Lotte is bringing London mobile shopping tech startup Rezolve into its market.
South Korean c-stores pursue vegetarian market
The popularity of diets based on vegetables is on the rise as an increasing number of South Korean consumers are looking...
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