koea

Retail Asia25/08/2021

South Korea is likely to bar Google and Apple from requiring software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases, the first such curbs on the tech companies by a major economy. An amendment of the Telecommunications Business Act, dubbed the “Anti-Google law,” that takes aim at app […]

Retail Asia31/03/2020

South Korean department stores have launched an all-out effort to secure VIP customers who spend more than ordinary customers. Department stores have suffered fallout from the surge in popularity of online shopping malls for years, but sales have come under further pressure with the coronavirus outbreak. Sales at Lotte Department Store from March 1 to […]

Retail Asia27/03/2020

Isetan Mitsukoshi is to close its 26-year-old Ebisu department store next year after failing to turn around mounting losses. The downtown Tokyo store will close in March or April and the company will redeploy all of its staff to other stores. The closure is the latest in a long string for the troubled retailer which […]

Retail Asia19/03/2020

South Korean chicken chain Crispy Chicken n’ Tomato has expanded its retail network into Tokyo, opening 10 stores in the city this month. Besides selling at stores, Crispy Chicken n’ Tomato has also partnered with UberEats to offer “sharing brand service” which allows one store on UberEats to bear two brands at the same time. […]

Retail Asia03/09/2019

South Korea’s largest retailers are having to invest in logistics to cope with rising online spending and personalized delivery services. South Korean online shopping malls Coupang and Market Kurly have led the paradigm shift in the delivery industry after introducing the early morning delivery service, which has led many to adjust to the new and […]

Retail Asia22/03/2019

South Korean mobile carrier SK Telecom said it will use quantum cryptography technology to ensure security of its 5G mobile networks. The mobile carrier said Monday it has completed applying Quantum Random Number Generator (QRNG) technology of ID Quantique (IDQ), to its 5G subscriber authentication center. The move is designed to prevent hacking and ensure quantum-safe security. “The […]

Retail Asia22/05/2018

When Style Nanda announced last month that French beauty giant L’Oreal will be snapping up a majority stake, it sent shockwaves across the industry. Sure, the company was doing fabulously well and had created quite a stir with its success, but then it was soon forgotten — although not by investors — before being lurched back into […]

Tag: koea

South Korea set to ban Google, Apple in-app payment dominance

South Korean department stores look to VIPs as sales slide

Isetan Mitsukoshi closing down Ebisu department store

South Korea’s Crispy Chicken n’ Tomato expands in Japan

Korea’s largest retailers forced to think about delivery services

SK Telecom using quantum cryptography for 5G security

What’s behind Style Nanda’s success?