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Tag: korea

Retail Asia08/06/2018
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Fashion

Nature Republic site priciest property in Korea

2min0
The Nature Republic flagship store in Myeongdong, Seoul, has been named the most expensive commercial property in South Korea for the 15th consecutive year. According to data released by the Ministry of Land, Infrastructure and Transport (MOLIT), the official government appraisal of the land currently housing the cosmetics retailer’s stroe increased by 6.16 per cent […]
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Retail Asia07/06/2018
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Food

Starbucks Launches New Auto-payment System

2min0
Starbucks Korea has launched automatic payment drive-through locations, using DT Pass technology. To use the service, customers need to have a Starbucks online account with a rechargeable membership card, and register their car licence plate. A DT Pass device at the drive-through entrance will identify the customers via their registered car licence plate and deduct […]
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Retail Asia06/06/2018
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Electronics

Samsung tops Asia’s top 1000 brands ranking

4min0
Samsung again tops Asia’s Top 1000 Brands list, produced by Campaign Asia-Pacific and Nielsen. In its 15th year, the list again has Apple at second place. Rounding out the top 10 are Panasonic (up two spots), Sony (down one place), Nestle (down one), LG, Google (up six), Chanel, Nike (down two) and Philips (up 10). While the […]
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Retail Asia06/06/2018
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Fashion

Korean retailers to focus on men

3min0
Shinsegae Department Store will open a Gucci Man and Dior homme in June and July. Lotte Department Store is also promoting ‘Louis Vuitton Man’ and ‘Gucci Man’ in line with the reorganization of stores this fall. Korean retailers are actively targeting men’s luxury goods market as men’s luxury market is growing faster than other fashion segments […]
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Retail Asia06/06/2018
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E-Tailing

BGF Retail outlines KRW30bn online investment

2min0
BGF, owner of Korean c-store chain CU, has boosted its stake in online grocery business Hello Nature. Founded in 2012, Hello Nature offers compact packaged-grocery deliveries. It was bought by SK Planet in 2016. Its sales reached US$9 million last year. Investing 30 billion won (US$28 million) for a controlling 50.1 per cent stake, BGF […]
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Retail Asia06/06/2018
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Fashion

Shinsegae bets strong to replace Lotte’s Incheon duty free

6min0
Shinsegae is going all out to acquire licenses to operate duty free shops at Incheon International Airport after its rival Lotte’s bid fell through. The bid is understood by many as Shinsegae‘s aim to expand its presence in the still lucrative and growing duty free industry. According to industry officials, the Incheon International Airport Corp. (IIAC) has narrowed […]
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Retail Asia05/06/2018
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Electronics

Samsung Electronics shares jump on sale

4min0
Samsung Electronics shares shot up 2.42 percent on Thursday over the previous day to close at 50,700 won ($47), largely due to two of the chaebol’s financial affiliates selling their stakes in the tech giant on Wednesday. The market sees the sale as a step toward changing Samsung’s complicated governance structure. Samsung Group has been […]
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Retail Asia05/06/2018
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Automotive

Auto sales pick up but GM, Renault struggle

5min0
The outlook for Korea’s top automobile manufacturers has started to look up as overseas sales increase. It wasn’t all rosy, however, as GM Korea, which has been struggling to stay afloat since the beginning of the year, saw sales continue to fall. Hyundai Motor, Korea’s top automaker, said Friday its May sales rose 5.7 percent […]
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Retail Asia05/06/2018
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Automotive

Hyundai Motor plans to join Gwangju-run factory

5min0
Hyundai Motor on Friday announced plans to join Gwangju’s city-owned automobile factory project, and the automaker’s labor union is putting up a fight over the plan’s potential effect on employees’ wages. Korea’s largest automaker said that it submitted a letter of intent to invest in the construction of the factory, along with other companies, in […]
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Retail Asia04/06/2018
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Food

CJ opens store for prepared meals

2min0
Korean foods retailer CJ CheilJedang has opened its first “home meal replacement” (HMR) store, called CJ Olive Market, in Seoul. The 443sqm store is located at CJ CheilJedang headquarters building, and is divided into two areas – a restaurant where customers can buy food from a vending machine or cooked on-site by chefs – and […]
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Retail Asia01/06/2018
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Fashion

Asia safes Michael Kors performance

5min0
Asia proved the strongest growth market for premium apparel and accessories retailer Michael Kors last year, offsetting ongoing weakness in its largest market, the Americas. Asian sales increased 17.5 per cent to US$137.7 million in the fourth quarter and were up 33.7 per cent to $469 million for the year. Michael Kors sales and profit […]
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Retail Asia01/06/2018
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Fashion

Lotte unifies all fashion labels under single business

2min0
Lotte, the South Korean retail giant, has announced the unification of all its fashion businesses under the group’s apparel affiliate to secure competitiveness in the local fashion industry. This new approach to pursue the efficiencies derived from centralised management received a nod of approval from the company’s investors, confirmed the retailer. Lotte Shopping Co., the […]
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Retail Asia30/05/2018
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Living

Korean retail conglomerates eye pet business more and more

3min0
South Korean retail conglomerates like CJ, Lotte and Shinsegae are catering more and more for pet owners as market demand grows. They have opened pet shops that offer products and services ranging from food and grooming services to even lodging for pets. They are also launching their own branded product lines. Shinsegae International’s household goods […]
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Retail Asia29/05/2018
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Electronics

HHI, Naver to build cheap robots

3min0
Industrial robot company Hyundai Heavy Industries Holdings (HHI Holdings) inked a partnership with tech giant Naver on Monday to develop customer service robots that will sell for a fraction of the price of existing models. HHI Holdings, the holding company of Korean shipbuilder Hyundai Heavy Industries, will handle the production, sales and quality control of […]
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Retail Asia29/05/2018
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Electronics

Samsung’s IoT home comes with Jedi curtains

6min0
Samsung C&T, the construction arm under the electronics giant, plans to make homes that are so smart they can recognize residents’ needs even before they call out for help. When this guests stepped into the 54-pyeong (1,921 square-feet) model house of Samsung C&T’s Raemian apartment brand in Munjeong-dong, southern Seoul, on Monday, the house welcomed […]
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Retail Asia28/05/2018
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General

Department store sales benefit from holidays

2min0
Department-store sales in South Korea rose this month with several family-oriented holidays and special occasions, retail industry data shows. Children’s Day, which falls every May 5, a substitute day off and May 8 Parents’ Day all contributed to more consumption at department stores. Plus Buddha’s Birthday, which is a national holiday and falls on a […]
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