The extraordinary political crisis surrounding President Park Geun-hye escalated today, following raids by investigators on the offices of Lotte Group and SK Group.…
The extraordinary political crisis surrounding President Park Geun-hye escalated today, following raids by investigators on the offices of Lotte Group and SK Group.…
South Korea’s department store market is expected to top 30 trillion won ($25.6 billion) for the first time this year, industry watchers forecast Wednesday.…
Singapore’s state-owned investment firm GIC invested $192.4m (US$ 136 million) in G-Square City Retail Complex in Seoul Korea.…
South Korea’s economic growth is expected to hit the central bank’s 2.7% forecast this year, with third quarter GDP data showing the economy would have grown faster were it not for the setbacks suffer…
The vast majority of Chinese customers at South Korean duty free stores are now in their 20s and 30s, according to retailers’ latest figures.…
For the second year running, the South Korean government has launched an autumn retail discount campaign to boost the country’s sagging personal consumption.…
According to the Korea Customs Service Wednesday, Lotte Duty Free, Shinsegae DF, HDC Shilla Duty Free, Hyundai Department Store and SK Networks applied for duty-free licenses open to big companies in …
Retail sales in South Korea jumped during the month of August, following approach of the festive season, especially early purchases of gifts ahead of the Chuseok harvest holiday.…
Stokke, a premium baby product maker from Norway, opened its first Korean flagship store last week in the affluent Sinsa-dong in southern Seoul alongside other high-end fashion houses such as Hermès a…
Swedish home furnishing company Ikea is launching kitchen products for the first time in Korea.…