Retail sales in Hong Kong, Singapore and South Korea lifted by single digits, respectively, for the month of December, as consumers in each Asian market spent more during the holiday period.…
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Korea’s LBG inks luxury joint venture with Cambodia’s WorldBridge
South Korea’s Luxury Business Group (LBG) announced on January 27 a new partnership with Cambodia’s WorldBridge Group — a joint venture that will give luxury retail professionals in …
Thom Browne opens South Korea subsidiary
Zegna Group, the owner of the Thom Browne brand, announced it has reached an agreement with its Korean partner of 12 years, Samsung C&T Corporation, which will see Thom Browne […]…
Payment cards dominate South Korea e-commerce market
Payment cards were most preferred payment tool for e-commerce purchases in South Korea and accounted for 60.9 percent of payments made for online purchases in 2022, reveals the financial services cons…
South Korea makeup market to grow 5.5 percent CAGR through 2026
The South Korean makeup market is projected to rise to KRW2,827.8 million (USD 2.5 billion) by 2026, registering a compound annual growth rate (CAGR) of 5.5% over 2021–26, said GlobalData.…
Shinsegae inks distribution deal with Laura Mercier in South Korea
French beauty brand Laura Mercier has inked an agreement with Shinsegae International, for the distribution of its cosmetics and skincare in South Korea. SEE ALSO: Indian conglomerate Tata plans to op…
Popeyes reopens in South Korea
U.S. fast food chain Popeyes is returning to South Korea market, opening its first branch in Gangnam District, Seoul, on December 16. SEE ALSO: Jimmy Choo-themed cafe debuts in Seoul Fishery […]…
South Korea to host Gucci Cruise 2024 show
Gucci has returned to its traditional show schedule, kicking off Milan Fashion Week with a menswear collection in January, followed by its cruise 2024 show in South Korea in May. […]…
Korea retail sales up 7 percent in October, duty-free footfall on the rise
South Korea retail sales lifted 7.3 percent in October, as more people ventured outdoors and demand for various services grew, on the back of eased Covid-19 restrictions. SEE ALSO: Prices hike [……
Prices hike 2 – 7 percent for imported DF cosmetics brands in Korea
The sale price of imported cosmetics such as Shu Uemura, YSL, Lancome and Biotherm is expected to rise by up to 7.4 percent in Korea. SEE ALSO: Lotte Duty Free […]…