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Tag: korea

Retail Asia25/07/2018
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Automotive

Hyundai, Kia hope to hit targets with SUVs

2min0
Hyundai Motor and affiliate Kia Motors said on Friday that they would achieve their sales target for the year by launching new sport utility vehicles in two major auto markets, the United States and Europe, in the second half. In separate biannual meetings with overseas sales executives, Hyundai and Kia discussed measures to achieve their […]
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Retail Asia25/07/2018
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Fashion

BTS and Converse team up for BT21 sneakers

1min0
American footwear brand Converse has collaborated with South Korean character brand Line Friends’ for Converse x BT21 sneaker collection. The Converse x BT21 sneakers will be available for purchase this Friday at Converse and Line Friends stores only in China, Hong Kong, South Korea, and Taiwan. The collaboration offers a limited-edition line of Chuck Taylor […]
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Retail Asia25/07/2018
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Automotive

SsangYong expands to Australia

3min0
SsangYong Motor will establish its first overseas sales unit in Australia in November to take advantage of rising demand for SUVs there, the carmaker said Monday. The establishment of its first overseas sales unit will serve as a stepping stone for SsangYong Motor to further fortify its global sales, the carmaker said. SsangYong Motor, the […]
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Retail Asia25/07/2018
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Electronics

Samsung may launch foldable Galaxy in 2019

5min0
Samsung Electronics may launch a foldable smartphone called the Galaxy X next year as global phone producers struggle to find innovative features to boost their slowing sales. Multiple leaks indicate that Samsung will launch the phone soon. The Wall Street Journal reported Wednesday that Samsung will introduce the bendable phone “early next year,” while Phone […]
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Retail Asia25/07/2018
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Fashion

Duty-free shops enjoy turnaround in 2018

6min0
Korean duty-free shops are reviving their once-stagnant sales, with Lotte, Shilla and Shinsegae leading the turnaround. According to the Korea Customs Service on Saturday, duty-free sales in the first half of the year reached 9.94 trillion won ($8.79 billion), up 38 percent from the same period last year. If the trend continues in the second […]
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Retail Asia25/07/2018
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Living

Cabin crew for Jeju Air can ditch the high heels

2min0
Korea’s largest budget airline, Jeju Air, will now allow female flight attendants to wear shoes with lower heels when in uniform, the company announced on Thursday. Female attendants had to wear shoes with five to seven centimeter (1.9 to 2.7 inch) heels when they were working in uniform outside of planes. Once they boarded a […]
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Retail Asia23/07/2018
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General

Korean-licensed Mumuso sells Chinese products, found guilty of ‘misleading’ consumers

3min0
After inspecting 2,273 items sold by Mumuso Vietnam Import Export Company Limited in the country, the Ministry of Industry and Trade (MOIT) said 99.3 percent was imported from China. Earlier, the company, whose product range includes beauty, healthcare, fashion accessories and home appliances, said that it was a legitimate Korean enterprise that has outsourced production […]
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Retail Asia23/07/2018
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General

Profit dive leads Ministop to uncertainty

2min0
The future ownership of South Korea’s fourth-largest convenience store chain, MiniStop Korea, is uncertain with options under review. Parent Aeon Group of Japan is apparently tiring of falling profits from the chain and has appointed Nomura Securities to explore sale options, including a clean sale of its stake or attracting a strategic investor. With more […]
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Retail Asia23/07/2018
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Food

Cafe 25 opens 10,000th store

2min0
Convenience-store brand GS25 says 10,000 of its outlets now serve coffee products distributed under its house brand Cafe 25, just 30 months after the brand was launched. The figures show how successful South Korea’s convenience stores have been in challenging coffee-focused chains like Lotte’s Angel-in-Us and even Starbucks, by offering discounted alternatives through vast store […]
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Retail Asia20/07/2018
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Fashion

Innisfree teams up with Alibaba to open new concept store in China

3min
South Korean cosmetics giant Amorepacific’s cosmetics brand Innisfree has opened a new concept store in Hangzhou, China, in collaboration with Alibaba’s Tmall, the company said Thursday. According to Innisfree, its new concept store features a technology-based shopping experience, backed by Tmall’s new retail technology. Tmall is China’s largest B2C platform for brands and retailers, in […]
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Retail Asia20/07/2018
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General

Lotte Mart makes debut in Mongolia

2min0
Lotte Mart Mongolia is opening its first store, in Ulaanbaatar, in the first half of next year. The South Korean retailer has set up a joint venture with local retailer Nomin Holdings, which will sell Lotte’s private label products for the next 10 years. It is initially targeting sales of US$3 million annually. To prepare […]
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Retail Asia20/07/2018
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Fashion

G.U., Uniqlo’s sister brand, coming to Korea

4min0
Uniqlo’s sister brand G.U. is coming to Korea in September and will open its first store in the Lotte World Mall in Jamsil, Southern Seoul. Due to open on 14 Sept., the store will be 1,400 square meters (15,069 square feet) on the first basement floor. The brand’s parent company is Japan’s Fast Retailing, best […]
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Retail Asia19/07/2018
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Real Estate

Shinsegae Opens New Duty-free Store in Seoul

2min
Burgeoning duty-free retailer Shinsegae opened its second store in downtown Seoul. As reported, the retailer announced its plans to open the mammoth 13,350sqm outlet in the Central City complex in Seoul’s Gangnam area after being awarded the licence in December 2016. Its opening follows the retailer’s first downtown Seoul store opening in the Myeongdong district in May 2016. The downtown outlet […]
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Retail Asia19/07/2018
General

Ministop Korea denies rumors of closing shop

1min0
He added that reports which said Ministop has selected Nomura Securities as deal manager to sell its Korean unit are untrue. Established in 1997, Ministop Korea is the fourth-largest player in the country. But recently the company has faced some difficulties doing business here. The number of Emart24 outlets has increased dramatically from 501 in […]
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Retail Asia19/07/2018
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Food

Vietnam’s Cong Ca Phe eyes South Korea expansion

2min0
Vietnamese traditional-coffee chain Cong Ca Phe is opening its first overseas outlet by the end of this month. The Hanoi-based chain has appointed a master franchise in South Korea and according to the Cong Ca Phe South Korea Instagram account, the first outlet will open in Yeonnam-dong, a popular destination for local youth. According to a […]
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Retail Asia19/07/2018
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Fashion

Vini Vici beauty enters China

3min0
Shinsegae International Co., the fashion arm of South Korea’s retail giant Shinsegae Group, aims to open a flagship store of its cosmetics brand VIDI VICI in China late next year to tap deeper into the world’s largest market. Prior to the opening, it will launch a premium skin care line with a concept of lotus […]
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Retail Asia18/07/2018
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Fashion

Scentence debuts in Saudi Arabia

2min0
E-Mart, South Korea’s largest discount-chain operator, is set to open a store in Saudi Arabia this week. Last November, E-Mart firm signed an agreement with the kingdom’s major retail group Fawaz Alhokair to open the beauty store Scentence at the Al Nakheel Mall operated by the Saudi company, which averages 25,000 daily visitors. The 66sqm […]
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