Online shopping in South Korea continued to soar in March as more people bought goods via e-commerce platforms amid a non-contact consumption trend caused by the pandemic, data showed.…
Luxury brands find future with ‘metaverse’
High-end fashion companies are reluctant to sell their products online, and they encourage customers to visit their boutiques and “experience” the brand in person to observe the craftsmans…
AmorePacific expands online business
Last year, AmorePacific lost its No. 1 cosmetics firm position in sales in Korea to LG Household & Health Care (LG H&H) after reporting US$4.4 billion in sales compared to the latter’s…
Korea’s coffee business thrives amidst Covid-19 year
The number of coffee stores increased of 15.5 percent y-o-y to total 71,906 in South Korea as of January.…
Korean tech firms expand to financial services
Naver, Coupang and Kakao expanded fast in line with the explosive growth of their online shops and merchandizing due to simpler access and payment over other payment options.…
Korea’s online-to-offline market grew amidst pandemic
South Korea’s online-to-offline, or O2O, market burgeoned last year with the food delivery sector seeing a massive surge in demand largely driven by Covid 19 restrictions on restaurant dining, governm…
Korea’s department sales up 34% in February
Department sales surged 34 percent on year in February, suggesting pent-up spending of the richer in South Korea.…
Shake Shack opens 15th store in Korea
Shake Shack added 15th store in South Korea after sustaining 25 percent sales growth annually since the New York fresh burger joint debuted in 2016, according to its Korean franchise operator SPC Grou…
Korea’s retail sales up 10% in February
Retail sales in South Korea rose 10 percent in February from a year earlier on the back of the Lunar New Year’s holiday, with offline stores delivering better-than-expected performance as pandem…
Retailers and fashion companies in Korea are expanding into cosmetics
Retailers and fashion companies in Korea are jumping on the cosmetics bandwagon.…