Brand value rankings of companies in South Korea are facing an upheaval as the COVID-19 crisis is greatly influencing the consumption patterns.…
Korea reports low number of air passengers in March
South Korea saw a record-low number of air passengers in March due to the novel coronavirus pandemic.…
Taiwan’s February sales affected by Covid-19
Taiwan reported that the performance of the retail and F&B industries in February was worse than in January 2020.…
Korean duty free announces February sales report
South Korea’s duty free sales were nearly halved in February as air travel came to a stop amid the surge of coronavirus cases in the country.…
The postponement of 2020 Olympics hits Japanese tourism industry
The postponement of the Tokyo 2020 Olympics has dealt a savage blow to Japan’s hotels and tourism industry, already reeling from the impact of Covid-19.…
Department stores in Korea launch new marketing strategies
The department store industry in Korea has set social distancing guidelines aside as companies launch aggressive marketing strategies to attract consumers.…
“Big three” retailers in Korea set plans on M&A
The so-called “big three” retailers in Korea ― Lotte Shopping, Shinsegae Group and Hyundai Department Store ― have been struggling to keep their customers who are rapidly moving to online …
South Korea airport announces rent deferral
The Korean Ministry of Land, Infrastructure and Transport is to allow airport commercial partners to defer rent payments from March till May.…
South Korean government provides subsidies to businesses
Airlines, hotels and travel related businesses in South Korea will be subsidized by the government to sustain payroll over the next six months.…
Japan’s Isetan to exit Thailand
Japanese retailer Isetan Mitsukoshi Holdings Ltd. said it plans to exit Thailand, as it looks to close Isetan Bangkok.…