South Korea’s top five duty-free shops achieved sales milestone of 10 trillion won (US$8.25 billion) in the first half and are set for a record-breaking year due to outlet additions and increased Chin…
YouTube is Korea’s favorite social media
User time on Korea’s favorite social media YouTube soared 38 percent over the last year as the average Korean spent 23 hours per month using the online video platform.…
Uber Eats leaves Korean food delivery market
Uber Eats is exiting from the Korean food delivery market after two years of service, another defeat for the multinational name Uber Technologies on the Korean turf after it struggled to launch ride-s…
Glenmorangie partners with Shinsegae Duty Free to launch Signet boutique
Scotch whisky single malt brand Glenmorangie has opened a shop-in-shop for its distinctive Signet line in partnership with Shinsegae Duty Free at the world’s biggest airport travel retail location, In…
Fenty Beauty by Rihanna enters Korea duty-free through exclusive partnership with Bluebell Korea
Fenty Beauty opens five duty-free point of sales in Seoul and Jeju including Lotte duty-free Myeongdong, Shinsegae duty-free Myeongdong, Lotte duty-free world tower, Shilla duty-free Jeju, and Shinseg…
Diageo Korea closes whisky production line in Korea
Diageo Korea, a top whisky manufacturer in Korea, will plug off its local plant in Icheon, Gyeonggi Province by June next year in response to waning demand for hard liquor.…
Korea’s food and beverage companies give up on TVs
Food and beverage companies in Korea have been reducing spending on TV commercials, while mobilizing resources to promote their products on YouTube to reach increasingly digital-savvy young consumers,…
Korean retailers remove DHC skin products
A growing number of retailers are removing DHC products from their shelves as the boycott of the Japanese skincare brand widens after controversial remarks were made on DHC’s subsidiary DHC Television…
How are Korea’s beauty brands doing in the industry?
The performances of Korea’s largest cosmetics companies continue to diverge.…
Starbucks is Koreans’ favorite coffee brand
Starbucks remains the most favorite coffee and beverage house for Korean consumers.…