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Tag: korea

Retail Asia09/07/2018
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Fashion

Givenchy Beauty debuts in Korea with Hyundai

1min0
Givenchy Beauty will open its first South Korean store this month. The cosmetics and skin-care line of the French luxury fashion house Givenchy has taken space in the Hyundai Department Store in the trendy southern Seoul district of Apgujeong. The first store will open on July 31 and a second, at another Hyundai Department store […]
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Retail Asia06/07/2018
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Finance

S. Korea firms diversify exports to India

5min
South Korean companies are pumping up their efforts to diversify export items to India as they seek to tap deeper into Asia’s third-largest economy, industry sources said Friday. So far, South Korean companies have focused on such manufacturing sectors as autos, chemicals, electronics, steel and machinery, but their recent push represents a strategy of finding […]
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Retail Asia06/07/2018
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Automotive

E-Mart to have electric car charging at all stores

2min0
Korean hypermarket giant E-Mart plans to install electric car charging stations at all of its outlets nationwide by 2021. The company initiated formal service of nine electric car charging stations in four regions (Sokcho, Gangneung, Geomdan, and Gumi) this week. The stations can accommodate many cars at any given time. From October, E-Mart will be expanding the […]
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Retail Asia05/07/2018
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Living

Duty-free market still dominated by South Korea

2min0
South Korea has maintained a dominant share of the global duty-free market, despite its recent political turmoil. According to a GlobalData report, with a 22 per cent share of sales, South Korea is the world’s largest duty-free market, which reached a sales high of US$11.7 billion last year. The past two years have seen sales […]
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Retail Asia04/07/2018
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Fashion

Thailand’s Mistine launches in Korea

2min0
Better Way Thailand, trading as cosmetics brand Mistine, is aiming to establish itself as an Asian brand by 2020. From this coming August, Mistine products will be exported for retail in Korea’s Incheon airport and in downtown Seoul, in the hope of attracting the destination’s annual 10 million Chinese visitors. Mistine already has a strong […]
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Retail Asia03/07/2018
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Finance

Weakening won poses new risks to Korean economy

8min
The weakening of the won in recent weeks carries both benefits and risks for the Korean economy that is being held back by a simultaneous downturn in investment, consumption and exports. Policymakers therefore face a thorny task to take proper steps in response to the weakening won that is set to have contradictory effects on […]
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Retail Asia03/07/2018
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Living

New VR amusement park for Korea

6min
As virtual reality becomes recognized as a viable film technology internationally, the Korean film industry is not hesitating to join the trend: film tech labs and visual effects houses are producing VR content more aggressively than ever, while major exhibitors are developing new technologies to screen this material. Until quite recently, VR content was rarely […]
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Retail Asia03/07/2018
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General

Emart’s take on Don Quijote opens in COEX

3min0
Emart’s Pierrot Shopping store has opened inside Coex mall, in southern Seoul. Aiming to be a “Fun and Crazy” destination, the 2513sqm two-storey store targets consumers in their 20s and 30s with a diverse range of 40,000 products. On basement floor, there is a large collection of alcohol and snacks from Korean and foreign brands, […]
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Retail Asia03/07/2018
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Fashion

The Shilla officially launches Beauty&You

3min0
Korean-headquartered travel retailer The Shilla has officially launched its Beauty&You concept stores in Hong Kong International Airport (HKIA) after a six-month soft launch. At the launch, Shilla Travel Retail Hong Kong MD Alice Woo said: “We hope to redefine the airport retail experience and customer journey with a comprehensive brand profile presented in an interactive […]
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Retail Asia02/07/2018
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Electronics

LG takes the wraps off of X2 budget phone

2min0
LG Electronics on Thursday unveiled its budget LG X2 smartphone, which comes with a 5-inch HD screen and will be distributed through local mobile carriers. The company said the LG X2 will come with a price tag of 198,000 won ($176) and have an Auto Shot feature that automatically recognizes faces when taking selfies. The […]
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Retail Asia02/07/2018
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General

Lotte Japan votes to keep imprisoned Shin on board

4min0
Shareholders of Lotte’s Japanese holding company voted to retain imprisoned Lotte Group Chairman Shin Dong-bin as director, dashing his estranged older brother Shin Dong-joo’s hopes to take over the position. At the meeting held at Lotte Holdings’ headquarters in Tokyo, shareholders voted against ousting Shin Dong-bin from the board and replacing him with his older […]
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Retail Asia02/07/2018
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Finance

Struggling Hyundai Heavy lays off quite a few execs

1min0
Hyundai Heavy Industries, the world’s largest shipbuilder by sales, said Sunday it has cut a third of its executives in its offshore and engineering division as new orders have dried up. The move came a month before the shipbuilder is due to suspend work at its offshore facilities shipyard. The suspension scheduled for August is […]
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Retail Asia02/07/2018
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Living

Hyundai Department Store slashes workdays for sales staff

4min0
Hyundai Department Store is introducing last-minute measures to comply with the new 52-hour workweek, which goes into effect next week. Korea’s third-largest department store chain is reducing the working hours of its sales staff by one hour, the company said on Thursday. “It’s a measure that will catch up with today’s social atmosphere that emphasizes […]
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Retail Asia02/07/2018
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Fashion

Sephora Korea to open door next year

1min0
A situations vacant post has revealed French beauty brand Sephora’s plans to launch in Korea next year. The job posting for a human resources manager with Sephora Korea included an announcement that the personal and beauty care store chain will be opening an outlet in Korea in the third quarter of next year. While this […]
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