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Tag: korea

Retail Asia14/10/2021
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Food

Fruit exports to South Korea surge

2min0
Vietnam exported $107.25 million worth of fruit and vegetables to South Korea in the first eight months of this year, up 3.47 percent year-on-year. The export value of vegetables and fruit to this market reached $11.1 million in August, up 13.66 percent over the same period last year, according to the General Department of Vietnam […]
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Retail Asia18/08/2021
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Finance

Korean Internet Giant Opens Blockchain Units in Singapore

1min0
Kakao Group will pursue the globalization of its public blockchain project, Klaytn, from the city-state. South Korea’s Kakao Group has established two new blockchain entities in Singapore – nonprofit Klaytn Foundation and global accelerator unit Krust, it announced in a statement. Kakao Foundation said in a statement that it would work proactively and systematically to expand […]
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Retail Asia06/07/2021
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E-Tailing

Coupang faces probe into unfair trade practices

2min0
After stoking a series of controversies, including a fire at a logistics centre and poor working conditions, South Korean e-commerce giant Coupang is now facing a government investigation into alleged unfair trading practices. The Korea Fair Trade Commission (KFTC) recently noted that Coupang might have violated the Fair Trade Law and carried out a field investigation […]
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Retail Asia01/07/2021
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Living

Korean court orders Netflix to pay for network usage

2min0
Netflix has been ordered by a Seoul court to pay network usage fees to mobile carriers. This decision was reached after Netflix brought SK Broadband, the internet protocol subsidiary of SK Telecom to court, following a complaint filed against Netflix with the Korea Communications Commission in November 2019. Netflix had asked the court to review […]
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Retail Asia01/07/2021
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Fashion

Gentle Monster opens another flagship store

1min0
South Korean luxury eyewear brand Gentle Monster has unveiled its latest themed store in Starfield Hanam, Seoul. Dubbed ‘Self Similarity’, the theme reinterprets the mathematical concept through visual and spatial elements. The Starfield Hanam storehouses various artwork, images, and installations representing “the infinite possibility of ‘expansion’” through repeating geometric structures, such as fractals, Mandelbrot sets, […]
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Retail Asia16/06/2021
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E-Tailing

Shinsegae, Naver win bidding battle for EBay South Korea

6min0
South Korean retail giants Lotte Shopping and Shinsegae Group have submitted separate letters of intent for online marketplace eBay Korea, the retailers’ spokesmen confirmed on Monday. It is a deal that will almost certainly shake up the country’s e-commerce retail segment, potentially propelling one of the country’s largest retailers into becoming the leading omnichannel operator in […]
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Retail Asia14/06/2021
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Finance

UniCredit Hires from Commerzbank for Korea Coverage

1min0
Milan-headquartered UniCredit has bolstered its Asia business with the hire of a head of Korea coverage from Commerzbank. Jaeho Mike Hyun joins the Italian lender as its head of Korea coverage, according to a report from «GlobalCapital», to oversee financial institutions and corporate clients for the market. In his Hong Kong-based role, Hyun reports to Asia Pacific chief […]
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Retail Asia10/06/2021
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Finance

HCMC stock exchange to test South Korean system

1min0
Vietnam’s overloaded main bourse, the Ho Chi Minh Stock Exchange, next week will begin testing a new system from South Korea which it plans to use later this year. The system would have the capability to handle “many times more” transactions than now, Le Hai Tra, CEO of the exchange, said. A temporary system from […]
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Retail Asia20/05/2021
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E-Tailing

E-mart set to quit Vietnam

2min0
South Korean supermarket chain E-mart is to exit its Vietnam business, with reports suggesting it will be sold to local car manufacturer Truong Hai Auto Corporation (Thaco Group). According to The Korea Times, E-mart announced earlier this week that it will sell E-mart Vietnam to Thaco Group. However, a spokesperson of Thaco said the group […]
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Retail Asia13/04/2021
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Fashion

Some luxury brands thriving in Korea despite pandemic

2min0
Expensive luxury brands are racking up strong sales in South Korea, despite the coronavirus outbreak. Consumers, denied overseas travel, have resorted to spending on luxury goods instead, gaining popularity among the MZ Generation (millennials and Generation Z) in particular. The Financial Supervisory Service reported that Christian Dior Couture Korea Co, the South Korean branch of […]
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