South Korea
South Korean duty-free retailers revamp loyalty programme strategies post-pandemic
Brands are moving away from a one-size-fits-all approach.
Starbucks opens first reserve-only store in Seoul, South Korea
Jangchung Lounge R also features a 'Mixology Bar.’
South Korea retail sector up 6.3% YoY in July
Offline sales, however, declined by 3%.
South Korea e-commerce market to reach $170.1b by 2028
This is attributed to high-speed internet, secure payments, and growing consumer trust in online shopping.
Foot Locker to exit South Korea
It plans to complete the closures and transfers by mid-2025.
IKEA South Korea rolls out new automated fulfillment technology
This system will handle approximately 2,000 orders daily.
Korea launches new strategy to boost textile and fashion industry
It includes developing world-class technologies in high-performance aramids, carbon fibers, and electronic textiles by 2030.
CJ products return to Coupang after 20-month hiatus
CJ CheilJedang halted sales of its products to Coupang in December 2022.
Loewe opens first Casa Loewe in Seoul
A key highlight is an art installation made from horsehair using a 500-year-old hat-making technique.
Qoo10’s South Korean e-commerce platforms face regulatory scrutiny amidst payment delays
The delays have affected approximately 60,000 sellers.
Shinsegae Duty Free launches Korea's first Prada Beauty pop-up store
It runs from 4 July to 25 August.
Way to go for GOPIZZA: 2,000 stores by end-2024
CEO aims to make it the most accessible pizza brand from Southeast Asia to the world.
Messika partners with Bluebell Group to enter South Korean market
This follows their successful venture in the Korean Duty Free Market since 2022.
SHEIN launches Korean website
This affirms the group’s commitment to catering to the Korean market.
Polène opens flagship store in Seoul
This marks a significant addition to its established locations in Paris, New York, and Tokyo.
South Korea's dermocosmetics market ranks 6th globally
It has attracted competition from "concept-dermo," "dermo-inspired," and "pharma-dermo" brands.
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Put humans at the centre of transformation to remain competitive – EY’s Olivier Gergele
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He highlighted six interdependent disruptive forces in consumer products and retail sectors, and how to leverage technology and human-centred strategies to remain at the forefront of the industry.
He highlighted six interdependent disruptive forces in consumer products and retail sectors, and how to leverage technology and human-centred strategies to remain at the forefront of the industry.
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1. Adrian Cheng resigns as CEO of New World Development 2. China to probe Calvin Klein owner over suspected Xinjiang cotton boycott 3. Here’s how cafés and bars use fintech to boost efficiency 4. ACCC sues Australia’s Woolworths and Coles for ‘illusory’ discounts 5. Shiseido harnesses AI for innovative cosmetics developmentAwards
Nov
19