South Korea

Redbubble faces inflation-led headwinds despite cost-cutting

Investors have turned bearish because of changes in consumer behaviour.

Redbubble faces inflation-led headwinds despite cost-cutting

Investors have turned bearish because of changes in consumer behaviour.

Convenience stores go green in South Korea

Emart24 and 7-Eleven have ramped up their promotion of eco-friendly cups.

South Korea’s retail sales up 9.2% YoY in 2022

Both online and offline sales posted strong growth.

Thom Browne to operate Korean business directly

A new company, Thom Browne Korea, will be formed.

Korea’s internet firm Naver acquires Poshmark

They plan to establish a global player in the online fashion re-commerce market.

Market Kurly operator postpones planned IPO

The company plans to push through with public listing ‘at an optimal moment.’

South Korea's department stores reduce VIP benefits

Analysts said VIP customers surged amidst a spike in luxury consumption.

L’Oréal invests in micro-printing startup

The company developed the L’Oreal Brow Magic with Prinker Korea.

Inflation, population woes could melt South Korea’s ice cream market

The market is projected to decline by 5.8% annually until 2026. 

South Korea’s make-up market to surge by 5.5% 

This will be driven by product innovation and rising online sales.

South Korean retailers offer low-price cakes ahead of Christmas

Some are providing discount benefits for pre-orders.

South Korea's small stores lag behind big department stores in sales

Small supermarkets and groceries only saw a 0.4% sales growth.

South Korea’s Coupang to remain profitable amidst funding crunch: report

The company’s net profit stood at $91m in the third quarter.

US-based Five Guys eyes expanding to South Korea

The burger chain has inked an agreement with the Galleria department store to open next year.

Lower consumer confidence hits South Korea's retail sector

The country’s retail sales dropped for the first time since December 2020.