Luxury conglomerate LVMH has named Michael Schriver, a veteran executive from the group’s DFS, Louis Vuitton and Tiffany units, to lead its operations in China and South Korea as Group President for N…
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Apple to open fourth South Korea store
U.S. tech giant Apple is set to open its fourth store in South Korea this month, expanding its presence in the country to compete with local rival Samsung Electronics Co. Dubbed ‘Apple Jamsil’, the co…
% Arabica opens first store in South Korea
The Japanese coffee chain % Arabica continues its Asian expansion in South Korea with the opening of its first store in the country. The coffee shop is located at Starfield Library, one of the most fa…
Apple Pay to (finally) enter Korean market
It is expected that Apple Pay’s Korean services will start by the end of 2022, in collaboration with Hyundai Card, a local credit card issuer.…
Vietnamese smart city to be built by Lotte Group
The Lotte Group is in the process of building facilities as part of its Eco Smart City project in Vietnam. With this project, the company will build its smart logistic centre and buildings in an eco-f…
South Korea retail sales increased 10 percent in July
South Korea retail sales in July gained 9.7 percent year-on-year, on the back of an easing in Covid-19 restrictions and an increase in outdoor activities across the country, according to data compiled…
K-Beauty brands’ fierce battle in the Indonesian Market
South Korean cosmetics brands are striving to gain ground in the Indonesian market, despite the fierce competition from Western and Japanese cosmetics brands. Statistics Indonesia (BPS) reports that t…
Online payment for overseas purchases in South Korea increased 19.6 percent in Q2
In the second quarter of this year, Koreans made fewer overseas direct purchases online compared to the previous quarter because of the KRW/USD currency rate.…
Brace yourselves, the price of ramen is set to rise
Increasing food costs are set to lead to a price hike for ramen, Koreans’ favorite instant food. It probably would not have been that big of news for non-Korean consumers as World Food Data Cent…
How niche exactly is the niche perfume trend in Korea right now?
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…