South Korea
Lotte Group acquires entire stake in Ministop Korea for $263m
Lotte will take over 2,600 Ministop stores across South Korea.
Lotte Group acquires entire stake in Ministop Korea for $263m
Lotte will take over 2,600 Ministop stores across South Korea.
South Korea’s retailers boosted by private brand products
The high inflation in the country has led to a boost in sales in cheaper private brands.
South Korea’s retailers pour investment to secondhand marketplaces
The used goods market has seen rapid growth in the past decade.
CU launches 50th convenience store outlet in Malaysia
The company is targeting to open more than 500 stores in Malaysia in five years.
South Korea sees retail recovery in 2021
E-commerce quickly gained market share in recent years.
Coupang raises service charge to cut losses
But an analyst fears that this will fall short of reaching profitability.
South Korean retailers get into upcycling initiatives
Hyundai Department Store is selling bags made from its old banners.
Starbucks Coffee bans disposable cups in Jeju Island
The company has set up 26 return slots for multi-use cups.
Korea’s first Western-style restaurant shuts down
Its location is expected to be renovated to make way for a haute restaurant complex.
South Korea dominated AliExpress’ Black Friday sales
The volume of parcels shipped to South Korea was the highest amongst all countries.
Emart24 rolls out emergency detection system in unmanned store
The system can detect customers collapsing or signs of property damage.
South Korean cafe A Twosome Place sold to Carlyle Asia Partners
The buyer is looking to strengthen the brand and optimize its store footprint.
South Korean retailers launch marketing blitzes to woo outdoor enthusiasts
Sales of outdoor activity products have been rising among retail giants.
Metaverse palatforms in vogue amongst South Korean retailers
CU’s BGF Retail and Lotte Department Store have expressed plans to host virtual events.
Starbucks Korea limits mobile order after employee complaints
Its staff protested last October over heavy workloads during marketing events.
South Korea’s online grocer Market Kurly mulls local IPO
The IPO is slated for the first half of next year.
Regulator greenlights E-Mart’s purchase of eBay Korea
The Fair Trade Commission believes the approval will spur competition in the retail sector.
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Retailers and brands told to harness data for growth
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The tandem should turn insights into profit strategies, Flying Fish Lab says.
The tandem should turn insights into profit strategies, Flying Fish Lab says.
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