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Retail Asia17/07/2018

KT will triple the speed of the internet at some Starbucks Korea branches starting today. The company announced Monday that it will offer 10 GiGA Wi-Fi services at three Starbucks Korea branches. The cafes are in the Jongro Tower in central Seoul and COEX and Kyobo Tower in Gangnam District, southern Seoul. According to KT, […]

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Retail Asia17/07/2018

Berjaya Corp Bhd’s (BCorp) wholly-owned subsidiary Berjaya HR Café Ltd has acquired 98% equity interest in South Korea’s Just KPop Ltd (JKP), for KRW98 million(RM354,172). The group told the stock exchange that following the subscription of 19,600 common stocks at par value of KRW5,000 (RM17.87) each, JKP has now become a 98%-owned subsidiary of BCorp. […]

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Retail Asia17/07/2018

Just a month after Homepick launched in Seoul the service is getting ready to go national, the next step in an ambitious plan to improve parcel services while making use of wasted space on gas station forecourts. Homepick, a new business concept created jointly by SK Energy, GS Caltex, CJ Logistics and delivery start-up Zoomma, […]

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Retail Asia17/07/2018

Xiaomi’s Redmi Note 5 became the Chinese electronics giant’s first mobile phone to officially sell through Korean mobile carriers on Monday. The cost-effective phone, priced at 299,000 won ($265), is the first Xiaomi device launched nationwide through Korean mobile carriers SK Telecom and KT. Unlocked Xiaomi phones have previously been available through other retail channels […]

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Retail Asia17/07/2018

For years, Korea’s electric car market lagged behind that of other countries due to a lack of charging infrastructure and few appealing models. This year marks a turning point, as sales of electric vehicles (EV) grew by more than 150 percent in the first half of 2018 when compared to 2017. According to data from […]

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Retail Asia16/07/2018

The flood of Chinese tourists to Japan has given a fresh uplift to the high-end beauty products market. Buoyed with success, some niche brands are now venturing beyond China. Nagoya-based MTG, which sells health and cosmetic tools that cost hundreds of dollars, is gearing up for further expansion abroad. The company made its stock market […]

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Retail Asia16/07/2018

Samsung Electronics’ next flagship smartphone, the Galaxy Note9, will hit the Korean market on Aug. 24, according to sources. The phablet, scheduled to be unveiled in New York at 11 a.m. on Aug. 9, can be preordered starting Aug. 14 and will be shipped on Aug. 24, around three weeks earlier than its predecessor, the […]

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Retail Asia16/07/2018

Popular footwear label Converse has partnered with South Korean streetwear brand Kasina to release a collaborative capsule collection. Today’s Kasina x Converse global release on converse.com and in Kasina stores will feature Chuck 70 Ox and One Star silhouettes, an homage to Kasina’s urban styles and the iconic Korean fashion staples of recent decades. Kasina […]

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Retail Asia16/07/2018

Audi and Volkswagen have roared back to the Korean imported car market after a two-year absence. After launching in May, Volkswagen’s flagship midsize Tiguan SUV became the best-selling imported car model in Korea in June. The Tiguan 2.0 TDI sold 1,076 units in June, according to the Korea Automobile Importers & Distributors Association on Thursday. […]

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Retail Asia16/07/2018

South Korean retailer GS Retail has announced a KRW33 billion (US$29 million) equity investment in a US online retailer. The company has purchased stock in Thrive Market, in a move intended to secure a foothold in America’s thriving organic food sector. It is GS Retail’s first overseas investment. Thrive’s core business is to sell organic […]

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Retail Asia16/07/2018

Android Auto, Google’s three-year-old software for cars, is finally available in the Korean language and can now be used in a majority of Hyundai and Kia vehicles in Korea. Google Korea, Hyundai Motor and Kakao jointly announced the launch of the smartphone-based virtual dashboard in Korea on Thursday, effective on the same day. The Android […]

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Retail Asia13/07/2018

Frost & Sullivan has signed a Memorandum of Understanding with the Seoul Metropolitan Government (SMG) to support activities such as commercialization, investment promotion, support for advancement of Fintech startups into the global market. The formal signing of the memorandum took place at Four Seasons Hotel, Hong Kong on Tuesday, July 10 witnessed by the representatives […]

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Retail Asia13/07/2018

Consumers in their 50s and 60s are an emerging force in e-commerce as older customers with plenty of money to spend. Data confirm they are increasingly shopping online and via mobile apps. Data from e-commerce website Auction released showed that online purchases by consumers in their 50s and 60s have more than doubled compared to five years […]

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Retail Asia13/07/2018

Incheon International Airport will deploy robot guides that can escort travelers to immigration and baggage claim areas from 21 July, in time for the summer peak season. The airport said it is first in the world to put robots into service, as opposed to testing them. The second-generation robot, dubbed Airstar, is an upgraded version […]

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Retail Asia11/07/2018

More South Korean c-stores are set to launch in-house products as local retailers move to attract more consumers with price competitiveness. E-Mart24, the convenience-store arm of South Korean retail giant Shinsegae, said it is planning to unveil its own private-label product within this year. Ministop Korea, operator of Ministop, is set to launch its own […]

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Retail Asia11/07/2018

South Korean underwear retailer M Corset is going public on the Kosdaq secondary bourse. The IPO has been announced as a move to improve the firm’s brand awareness in Asia. Its initial share price is being set at KRW10,100 to KRW11,500 (US$9–$10.35) per share, or up to 29 billion won (US$26 million) based on the […]

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Retail Asia10/07/2018

South Korea’s capital Seoul is one of the world’s most technologically advanced, known for its rapid Internet speeds and advanced infrastructure. It was one of the first to introduce city-wide free Wi-Fi, and 5G will be introduced commercially in 2019. It is the home of global tech titans Samsung and LG. But in one way […]

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Retail Asia10/07/2018

Samsung Electronics set records with its last seven quarterly operating profits, but its hot streak has come to an end. The tech giant said in its second-quarterly earnings guidance Friday that its operating profit fell by 5.37 percent from the previous quarter of 2018 to an estimated 14.8 trillion won ($13.3 billion). Its revenue also […]

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Retail Asia10/07/2018

Two of Korea’s three major telecom carriers are presumed to have posted weaker earnings for the April-June period from a year earlier, industry watchers said Sunday, apparently on increased mobile user discounts and changed financial reporting standards. According to the data compiled by market tracker FnGuide, SK Telecom, the country’s largest telecom network operator, is […]

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Retail Asia10/07/2018

Samsung Electronics recently stopped embedding its mobile payment system, Samsung Pay, in budget smartphones, industry watchers said Sunday, apparently to save costs by excluding the feature, which has been less popular among teens and senior users. Among 10 smartphones released by Samsung Electronics in Korea this year, only three – the Galaxy S9, Galaxy S9 […]

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