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24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
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24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )

Retail Asia06/07/2016

South Korea’s Oriental Brewery (OB) has opened a pop-up store named MixxTail House at Sinsa-dong’s Garosu-gil in Gangnam. The Oriental Brewery pop-up offers a variety of cultural events and activities that visitors can enjoy while drinking OB’s MixxTail, the company’s fermented cocktail brand. The three-storey building includes a DIY Cocktail Bar, 3D Photo Zone, and an […]

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Retail Asia01/07/2016

Managers of Guam’s international airport said they are not concerned with news about bribery investigations involving the parent company of a major retailer. South Korean authorities raided the headquarters and other offices of Lotte Duty Free Guam’s parent company in Seoul earlier this month. The duty-free retailer sells an array of high-end products, from eyewear to […]

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Retail Asia14/06/2016

Tech giant Xiaomi Korea took another step forward in its Korean operations by opening its first offline store in Seoul. The Chinese-headquartered smartphone and electronics brand has opened the store inside the Yongsan Electronics Market, one of the largest retail areas in Korea that houses some 5000 electronics stores. To celebrate its grand opening, Xiaomi […]

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Retail Asia24/05/2016

South Korea’s retail giant Shinsegae Group opened its duty free outlet on Wednesday in downtown Seoul, about six months upon successfully winning a license on a duty -free retail business after repeated failed attempts over the last two decades. Shinsegae Duty Free shop is located in Shinsegae Group’s flagship department store in Myeong-dong, one of […]

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Retail Asia13/05/2016

A massive Seoul underground mall is planned as part of a transit zone that will match Coex Mall in size. One whole level of the development will feature retail and restaurants. Comprising six underground floors, the Gangnam district complex in the south of the city will cover 160,000 sqm. If Seoul manages to connect the […]

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Retail Asia04/05/2016

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Korea will allow four more duty-free shops to open in Seoul to meet growing demand from Chinese tourists, the government announced Friday. “Four new licenses will be issued for operation in Seoul, while the city of Busan and Gangwon Province will also get one each,” Lee Myung-gu, director of the Korea Customs Service, said at […]

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Retail Asia11/04/2016

Papillon’s Kitchen, a new Seoul insect restaurant has been packed since its opening – and is fully booked for the next few months. Although insects are known to be a great source of protein, and often mentioned as the ‘food of the future’, many consumers avoid them due to their appearance. However, the number of individuals who […]

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Retail Asia07/04/2016

In a bid to overturn the sluggish growth of traditional brick-and-mortar retail, Lotte Department Store is launching a new type of shopping mall in Seoul, the Lotte El Cube. In a trendy university neighborhood, the relatively small store focuses specifically on young, fashion-conscious shoppers – a departure from the retailer’s usual strategy of offering something […]

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Retail Asia11/03/2016

Every floor of the NC Department Store in Jamsil-dong, southern Seoul, was packed with customers frantically digging through piles of clothes and shoes on March 1. The moment an employee set out pairs of Nike sneakers at 50 percent off the retail price, men and women alike snatched them off the shelves. There was even […]

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Retail Asia29/02/2016

The revamped Shinsegae department store in Gangnam will officially open on Friday. The store’s concept is heavily inspired by the high-end department store chains Le Bon Marche in France and Saks Fifth Avenue in the U.S. The Shinsegae Group, which is Korea’s second-largest retailer, has added six new floors to the annex building of its […]

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Retail Asia26/02/2016

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During the Chinese Spring Festival, 6 million Chinese travelled overseas and spent a total of 90 billion ($13.8 billion) yuan on shopping. The products they purchased abroad included expensive luxury items, smart bidets, and electric rice cookers, but surprisingly, most Chinese tourists bought items used in everyday life such as cough syrup, sanitary napkins, condoms, stockings, […]

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Retail Asia17/02/2016

An Indonesian bank, Bank Negara Indonesia (BNI) 46, opened a branch office in Seoul, South Korea, in Wise Tower, on Monday. It was inaugurated by the Ambassador of Indonesia to South Korea, John A Prasetio and Manager of BNI46 Seoul, Wan Andi Aryati. “The banking industry in South Korea is already shaken, but BNI46 still sees […]

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Retail Asia12/02/2016

South Korean department stores will start offering instant tax refund services to foreign customers from this month as part of an effort to boost sales. Under the new program, foreigners can buy products without paying the mandatory 10 per cent value-added tax (VAT) if the item costs 30,000-200,000 won (US$25-166), observers said. Each person can […]

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Retail Asia10/02/2016

Shinsegae Group says it will invest 4.1 trillion won ($3.4 billion) this year and hire 14,400 new staff to expand its retail business and revitalise the “sagging domestic economy”. “The overall retail sector has been struggling to deal with continued sluggish domestic consumption,” a Shinsegae Group official said. “But we decided to invest more and […]

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Retail Asia09/02/2016

DJI, a manufacturer unmanned aerial vehicle technology, is set to open a flagship store in Seoul’s Hongdae district in March. Frank Wang, DJI Founder and CEO, said the location was chosen as Hongdae is a vibrant district that combines urban arts, indie music and pop culture. “DJI is also creating a cool new culture for […]

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Retail Asia04/02/2016

The 93-year-old founder of South Korean retail giant Lotte Group walked into a court hearing on Wednesday to prove that he still remains healthy, which has emerged as a critical factor in the bitter family feud between his two sons. Shin Kyuk-ho appeared at the Seoul Family Court after his younger sister claimed her aging […]

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Retail Asia29/01/2016

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Two international airports in are set to review operational licenses for South Korea duty free shops. But the upcoming bids are unlikely to become competitive due to sluggish profitability, industry sources told Yonhap on Wednesday. Gimpo International Airport in western Seoul is expected to open a bid for tax-free shops later this month as the […]

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Retail Asia12/01/2016

In the backstreets of Seoul, hipster culture is flourishing, and specialist cafés and eateries are jostling with big brand names to gain exposure in so-called “hot” neighborhoods. And as the crowds grow, so too do the retail rents. Just 10 years ago, Seoul wouldn’t have been the first city that came to mind as hip. […]

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Retail Asia06/01/2016

Hanwha Galleria, the retail unit of South Korean conglomerate Hanwha, says it will partially open its first duty-free store in downtown Seoul next week. About 60 per cent of the trading floor of the new store, located at the base of the gold-tinted 63 City Building in Yeouido will open for business on December 28. […]

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Retail Asia01/01/2016

Stores purchasing used cell phones are set to open at Seoul subway stations. Seoul Metro, which manages lines No.1 to No.4, says it will open stores that buy used mobile phones at 12 subway stations including Seoul Station, in a bid to stop wasting resources and promote reusing and recycling. The new businesses will pay […]

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