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24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
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15/04/2024 Tim Cook arrives in Vietnam ( Electronics )
15/04/2024 Vietravel Airlines reports first profits in 3 years ( General )

Retail Asia28/02/2018

Korea vowed Friday to increase its number of scientists and engineers and strengthen the quality of math and science education as it unveiled a blueprint that could set the tone for the development of science and technology. The government said it aims to improve its ranking in the category of availability of scientists and engineers […]

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Retail Asia28/02/2018

South Korean fashion brand Twee has opened a flagship store at 313@Somerset on Orchard Road. The 4030sqft (374sqm) Twee Singapore store offers an exclusive collection of party dresses as well as Superface beauty products. The store promises to bring in more than 400 new styles for women and men every month. Twee has more than 40 stores […]

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Retail Asia27/02/2018

Korea’s air passenger traffic reached a new record high last year on growing travel demand, while flight delays declined due to improved schedule management, the Transport Ministry said Sunday. In 2017, the country’s passenger traffic on domestic and international routes stood at 109.36 million, up 5.2 percent from a year earlier, the Ministry of Land, […]

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Retail Asia27/02/2018

Perry Ellis International has granted Good People a licence to produce its men’s underwear and loungewear under the Perry Ellis Portfolio trademark in South Korea. Founded in 1991, Good People makes and wholesales underwear and loungewear products for men, women and children in Korea and internationally. Its brands include 1st Olor, Bodyguard, Don & Dons, […]

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Retail Asia27/02/2018

Sweden commercial vehicle manufacturer Scania said Korea will remain strategic to its Asian business, particularly due to the advanced technology and high environmental regulations imposed on cars. “There’s a saying that if you can manage Korean standards, you can manage any country standards [in Asia],” said Kaj Farm, the managing director of Scania Korea at […]

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Retail Asia26/02/2018

Ecommerce platform Coupang has opened what it says is the largest Korean online toy store specialising in Steam (science, technology, engineering, arts and mathematics) education. The new theme store offers more than 390,000 Steam education items at low prices. Steam education refers to a creative teaching framework that integrates the five disciplines. It started as […]

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Retail Asia23/02/2018

Italian luxury house Gucci opened the doors to its renewed Korean flagship store in Cheongdam, Southern Seoul, giving fashionistas a new reason to visit the neighborhood. The three floors of the shop carry the brand’s most popular items, from bags, wallets and shoes to clothes and the newly launched “Gucci Deco” home-furnishing items. Just a few years […]

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Retail Asia23/02/2018

A new study has revealed that Korean shoppers embrace the cold winter climate – but not much beyond minus 5 degrees. Supermarket operator E-Mart says the number of customers peaks during winter when the temperature hits minus 5 degrees Celsius, also known as the ‘golden temperature’ in the South Korean retail industry. Researchers learned that […]

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Retail Asia23/02/2018

Espoir opened new concept store with the theme ‘Market’ in order to provide a new brand experience in Shinsa-dong, Seoul. Inspired by the European market, the ‘MAKE-UP MARKET’ of Espoir brings a feeling of a colorful interior to the actual food market. The make-up market store is the first self-picking concept store. Espoir has introduced […]

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Retail Asia23/02/2018

The chairman of South Korea’s Lotte Group has resigned as the chief executive of its Japan-based holding company, following his conviction for bribery charges last week. Lotte Holdings held a board meeting on Wednesday and accepted Shin Dong-bin’s resignation, following a Japanese tradition of convicted chief executives stepping down, the group said in a statement. […]

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Retail Asia22/02/2018

Starbucks Korea recently issued commercial papers worth 30 billion won (US$28.07 million), possibly to further speed up its domestic expansion, according to news reports on Feb. 19. Seattle-based Starbucks is the nation’s No. 1 specialty coffee chain with about 1,100 outlets, followed by rival CJ’s A Twosome Place with 910 outlets. Its revenue hit the […]

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Retail Asia21/02/2018

Hana Financial Group (HFG) (Chairman Kim Jung-Tai, www.hanafn.com) announced it signed a memorandum of understanding (MOU) with Oracle in Singapore yesterday under which Oracle will work with HFG in the building and joint marketing of HFG’s Global Loyalty Network (GLN). Kim Jung-Tai, chairman of the Hana Financial Group, and Loïc Le Guisquet, president, International, Oracle […]

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Retail Asia20/02/2018

Sales of imported beer at South Korean convenience stores have risen sharply, store operators Sunday, as more consumers opt for variety and a growing number of people drink at home. BGF Retail Co., the operator of CU, South Korea’s largest convenience store chain, said sales of foreign beer brands accounted for 60.2 percent of the […]

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Retail Asia19/02/2018

Lotte Group, parent of the country’s leading travel retailer Lotte Duty Free, is reeling from the shock jailing of its Chairman Shin Dong-bin on 13 February 2018. Following a Seoul Court’s guilty verdict and simultaneous sentencing of 2 1/2 years in jail to Lotte Chairman Shin Dong-bin for bribery, Lotte Group voiced concerns over its future […]

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Retail Asia16/02/2018

Bolloré-Logistics-Korea-Achieves-the-CEIV-Pharma-Certification.jpg

On January 31st, 2018, Bolloré Logistics Korea became the first transport and logistics company in South Korea to independently achieve the International Air Transport Association (IATA) as Center of Excellence for Independent Validators in Pharmaceutical Logistics (CEIV Pharma). The certification is a globally recognized and standardized certification for healthcare airfreight shipments. It is meant to […]

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Retail Asia15/02/2018

Aiming at a young demographic, the Samsung Digital Plaza has been reimagined for its launch in Yongin City, Korea. On the ground floor of a metal-covered three-storey building, the 1255sqm store offers its goods in a context that echoes the home. The electronics giant engaged Seoul architecture practice Betwin Space Design to create the venue’s […]

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Retail Asia13/02/2018

For Chinese tourists traveling South Korea, paying for a grande latte at Starbucks is now as easy as showing your smartphone. Ant Financial, which now Alibaba a 33% stake, said Sunday its Alipay e-wallet service is now available at over 1,150 Starbucks branches across South Korea – the first third-party mobile-based payment method enabled nationwide at Starbucks in […]

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Retail Asia13/02/2018

E-commerce platform Coupang has opened an online store specialising in hanbok, Korean traditional clothing. Even babies and pets are catered for with the hanbok range, which also includes hanbok accessories such as hairbands, daenggi (ribbons for braided hair) and ggotshin (women’s shoes with flower patterns). As well as its hanbok store, Coupang has specialty stores […]

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Retail Asia12/02/2018

Hermes international sales showed strong growth last year, pushed by an upward curve in Asia. Sales for the French fashion brand were up 9 per cent at constant exchange rates, with consolidated revenues reaching €5.5 billion (US$6.7 billion). After adjustment for the negative currency effect resulting from the year-end strengthening of the euro, the increase […]

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Retail Asia09/02/2018

Lotte Shopping Co., the retail affiliate of South Korea’s fifth-largest conglomerate Lotte Group, said Thursday it swung to the red in 2017 from a year earlier amid a diplomatic row between Seoul and Beijing over the deployment of a U.S. anti-missile system here. Its losses reached 20.6 billion won (US$18.9 million) on a consolidated basis […]

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