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Tag: korea

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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Retail Asia02/07/2018
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Living

Korean Air brand value plummets following scandal

1min0
The brand value of Korean Air fell sharply in the second quarter over a series of allegations involving the family that owns it, an appraisal website showed Sunday. The flag carrier’s brand value ranked 36th in the April-June period, down from 11th a quarter earlier, according to Brandstock, a South Korean market research firm that […]
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Retail Asia29/06/2018
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General

Homeplus Special to open first store in Daegu

1min0
Korean discount store chain Homeplus has opened a bulk products and grocery store hybrid called Homeplus Special in Daegu. The new concept store is housed in the original Homeplus outlet that opened 20 years ago, now converted to operate the new big-box-plus-retail model following underwhelming sales figures and strong rivalry from industry competitors. The new […]
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Retail Asia29/06/2018
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Food

Lotteria to debut in Mongolia

1min0
Korean conglomerate Lotte is launching its fast-food chain Lotteria in Mongolia. The brand’s restaurant franchise unit, Lotte GRS, will open its first location in the capital city of Ulaanbaatar and increase outlets to 10 over the next four years. The move follows an agreement with Mongolian restaurant and theatre operator Eugenetek Mongolia, which has signed […]
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Retail Asia29/06/2018
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Real Estate

Shinsegae unveils its first independent hotel in Seoul

3min0
L’Escape, Shinsegae’s new boutique hotel, aims to combine the ambience of 19th-century Paris with intriguing restaurants and bars from Korean and foreign trendsetters. Located in central Seoul, behind the main Shinsegae Department Store branch, L’Escape opened its doors to the press for the first time. “Our ultimate goal is to be a lifestyle platform that […]
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Retail Asia26/06/2018
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Living

Merchandise from K-pop is popular with Chinese

2min0
K-pop merchandise is selling well on e-commerce platform 11st’s global website, boosted by fans from the greater China region, which account for 43 percent of the products’ sales. According to figures for the first five months of the year, 43.2 percent of customers for K-pop merchandise online are from China, Hong Kong, Macau and Taiwan. […]
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Retail Asia26/06/2018
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Telecom

Kakao’s technical glitches cause disruptions Monday

1min0
Korea’s top mobile messenger Kakaotalk resumed normal services after experiencing disruptions around 5 p.m., its operator Kakao said Monday. Kakao said the messenger suffered problems for around an hour before being normalized at 5:48 p.m. It claimed there seems to have been some sort of error while the system was being updated. Earlier in the […]
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Retail Asia26/06/2018
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Fashion

Shinsegae wins Incheon duty-free license

4min0
Shinsegae Duty Free won two licenses to operate at Incheon International Airport’s Terminal 1 on Friday, beating out Shilla Duty Free in the competitive battle for lucrative slots at one of the world’s most trafficked airports. The Korea Customs Service said Shinsegae will be allowed to operate stores in the DF1 and DF5 zones of […]
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Retail Asia26/06/2018
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Fashion

Cosmax opens factory in Thailand to tap market in Asean

3min0
Cosmax’s manufacturing facilities in Thailand recently started up, the company said Monday, with the goal of tapping into Asean’s largest beauty market. An original design manufacturer for big-name beauty brands worldwide, the company announced that the 9,000-square-meter (836-square-foot) facility in Bangplee, Thailand, started running on Wednesday. With 150 employees, the facility has the capacity to […]
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Retail Asia26/06/2018
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Telecom

Naver to invest $134 million on overseas comics business

1min0
Korea’s top portal operator Naver said Monday it will invest 150 billion won in its online comic platform to better penetrate into overseas markets. Naver said it will make the investment through a paid-in capital increase program and acquire 300,000 additional shares in its wholly-owned affiliate, Naver Webtoon. Naver Webtoon said it plans to use […]
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Retail Asia26/06/2018
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Finance

Woori Bank Korea changes its structure

3min0
The board of Woori Bank approved a plan to convert the bank into a holding company, pushing up its shares on Wednesday. An announcement released late Tuesday said the country’s fourth largest bank would overhaul its structure to become an integrated financial service company with diverse non-banking affiliates. The holding company will have six affiliates: […]
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Retail Asia26/06/2018
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E-Tailing

11Street Shopping Mall to get US$449 million investment

1min0
South Korean mobile carrier SK Telecom has announced a US$449 million investment into a subsidiary’s e-commerce platform, 11Street Shopping Mall. In a decision yet to be approved by shareholders, SK will use the investment, sourced from the H&Q Korea private equity fund, to establish a new business entity. An SK spokesperson said that further reshuffling […]
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Retail Asia25/06/2018
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Finance

Korea’s first Internet bank struggling to raise capital

4min
K-Bank, the country’s first Internet-only bank, is struggling to raise the capital it needs to expand as profits remain elusive amid increasing costs, sources directly involved with the issue said. “K-Bank recently asked local private equity funds (PEFs) to participate in an additional rights offer because it wants to raise its capital to 500 billion […]
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Retail Asia25/06/2018
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Fashion

Japan’s ‘LB’ targets Korean market

2min0
Japanese makeup brand ‘LB’, known as Japan’s No. 1 eyeliner brand, entered Korean Market. LB was launched in the health and beauty store ‘LOHB’s’ in March 2018 and became immediately popular among Koreans. LB is sold in 14 countries including Japan, Taiwan, Hong Kong, Thailand, Vietnam, Singapore, Philippines, Australia, USA and China. LB is an […]
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Retail Asia25/06/2018
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Food

Biggest Zoo Coffee opens in Philippines

1min0
Korean chain Zoo Coffee has launched its third and largest outlet in the Philippines, at Ayala Vertis North. Zoo Coffee stands out for its jungle-themed interiors and staff wearing safari costumes. The menu includes the popular Korean iced dessert bingsu, waffles, sandwiches, hotdogs, and cakes. Katrina Balolan told ABS-CBN News that the coffee chain plans […]
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Retail Asia22/06/2018
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Fashion

Hyundai presents Kelly Park and Démoo together

1min0
Hyundai Department Store in Seoul has opened a shop-in-shop that brings together Kelly Park and Démoo in the first use of its new Artspace installation dedicated to brand and artist collaborations. Artspace, by multi-disciplinary design studio NBDC, is inspired by the temporary lifespans of pop-up shop formats and has been conceived to enhance the department […]
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Retail Asia22/06/2018
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Fashion

Memebox eyes to return the US after a year pending

2min0
Memebox, a Korean beauty startup founded in 2012 as a subscription-box service, is relaunching its e-commerce business in the US after a year on hold. The company has remained active in Asian markets while awaiting its window to return to the US. Founder and CEO Dino Ha identified a rise in Asian beauty-brand awareness among […]
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