Niche perfume is leading the consumption trend targeting the MZ generation – a term widely used in Korea to describe the combination of Millennials and Generation Z. Due to the pandemic, the dem…
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Lotte Duty Free pulls in blockbuster star power to boost sales
Lotte Duty Free has signed two of K-pop’s biggest names to boost global marketing in line with international travel’s rapid recovery.
The Korean number one and world number two travel retailer reveale…
Golf-wear is the new luxury in South Korea
The Korean Leisure Industry Institute estimated the value of the local golf-wear industry at 4.5 trillion KRW (3.5 billion USD) in 2019, despite COVID-19 restrictions. As of 2021, the Korean market wa…
Hermès Asia sales up 15%, Japan surges 20%
The Parisian luxury house said all the geographical areas posted strong growth, with strong resilience from Asia despite the sanitary context in China.…
South Korean retail sales up 9.3 percent in H1
Retail sales in South Korea increased 9.3 percent year over year in the first half of this year as a result of fewer COVID-19 restrictions and a rise in outdoor recreation.…
Nike opens concept store in Seoul
Nike has launched a brand-new concept store called “Nike Style” in Seoul. A second concept store is scheduled to open in Shanghai in the fall of 2022.…
Number of overseas travellers surges 233 percent in the first half of 2022
According to Incheon Airport, the number of international visitors increased to nearly 3.93 million in the first half of 2022, rising 233.2 percent year over year. This is attributed to the lifted avi…
Burberry takes over Ananti Cove in South Korea
Burberry has collaborated with Ananti Cove, a hotel in Busan, South Korea, with an immersive takeover that includes decorating the resort with its TB summer emblem.…
McDonald’s Korea back on sale after six years
McDonald’s Korea, a wholly owned subsidiary of the American fast-food behemoth, is looking for a new owner, joining the latest burger chain sales frenzy in the country.…
Kakao share price drops due to mistrust from public
Kakao Pay shares plummeted when it was revealed that Alipay, the company’s second-largest shareholder, was planning to sell 5 million shares in a block sale. This accounted for nearly 10 percent of Al…